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All Forum Posts by: Jonathan Quintanilla

Jonathan Quintanilla has started 2 posts and replied 68 times.

Post: Why we don't invest in New York, even though we're based here

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Ed Kahle:

I was born and raised in the Hudson Valley just north of NYC.  Twenty seven years as a business owner, builder/developer.  I relocated to Charlotte NC this year for tat same exact reason.  No freedom, too high overhead, poor economy in NYS.  I held public office there.  Gave up a run for NYS Assembly this year just to get out of a sunk ship!  NYS has the the highest mass exodus of population in USA history over the last decade from a single state!  It will continue and more than likely pick up speed!

 Yeah I'm also considering leaving as well. I don't even do any of my real estate in NY state, it's all virtual. I originally tried Orange County and Queens, but they both proved unsuccessful. 

Post: Non-operable leads

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Rick Jones:

Hello,

I am wondering what other members do with the leads they do not take action on.  Of the phone calls I have been recieving many of them have been tire kickers and some of them have houses that do not fit the bill to be flipped or wholesaled.  I have been referring them to a real estate agent that I know but I am curious what others do.

Thanks

Rick

 Honestly, the only ones I really pass onto my realtor friends are short sales and the occasional wanting to sell at market price. 

The thing about marketing, IMO, is you have to catch them at the right moment. For example:

Let's say a car salesman offered you a great deal on a car, but you already have one, what would you most likely say? No, right? But what if you were to go into your car and all of a sudden it won't start. Your car ends up frying and guess who is in the market for a new car now?

So those potentials that you have you should follow up with always and consequently establish rapport with them. If they end up wanting to sell their house, you will be at the forefront of their mind. 

Post: Non MLS Research

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

I always use Redfin, the most accurate I've seen in those kinds of websites. 

Post: How can I learn Yardi?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

Is there a specific product that you're looking to learn? From what it looks like Yardi is the name of the company and they offer different packages. I could be wrong though. 

Post: Desperate Sellers Who Owe Too Much for Me to Purchase? Other Options?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

Did you get everything worked out? 

Post: Wholeseller Purchase agreement with option for buyer to cancel

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

When you say buyer, do you mean yourself or the cash buyer? 

Post: I got a call/text back on a mailing, what should i say?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

Most of all, be a human being. I've noticed that lots of wholesalers (not so much on Biggerpockets) have this tendency to ask questions like they are filling out a survey. People can't connect to a robot, they want to feel cared about and that they can trust you to do what you say you can do. 

People always sell/buy from people they trust. If you don't believe me, ask your friend for a recommendation on a movie or something like that, how likely are you to see it compared to some stranger on the street?

You are there to offer them a solution to their problem, while making a good living for yourself in the process.

Integrity, integrity, integrity.

Post: Absentee owner list

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Michael Webster:

Thanks @Jonathan Quintanilla This is my first list and what I guess I was wondering is what info I should be looking for. I want to make sure I don't miss anything.

 Ah I see what you mean, well in that case you must first find out where you want to pull the list from, whether it be from a city/county/zipcode, etc (that takes some homework to determine, but definitely worth it). Then you have to find out what you want these owners to have: do you want them to have equity (for an all cash deal), do you want them to have high mortgage amounts (for subject to and wraps) or maybe you want them to be a certain age. After all is said and done you plug those into Listsource and purchase the list.

Post: Finding The Right Home for a Wholesale Deal

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Sherri Trent:

We are in the Dallas/Ft Worth area of Texas and are wanting to get started in Wholesaling.  Can someone tell us the best way to get started in finding the right house that a Flipper would be interested in buying?

 I would say the best way to get started is to find out what the flippers want to buy. 

Post: If you use Google Maps to check out a neighborhood you will enjoy this

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Billy Rogers:

I'll mark that town of my list of potential places to buy rentals.  I think you have to have jobs for a town to survive. 

 It really is sad to see all those old building decaying.  I really like all that old architecture.

 I second that! 

We should all partner with a major manufacturing company and fix up these blocks with rentals and entertainment outlets! Just thinking about it gets me jittery.