All Forum Posts by: Justin Fernandez

The book on estimating rehab costs has been very educational and allowed me to give accurate repair costs during negotiations. Now when a seller balks at my offer because of repairs, I know when to follow up and when to dig in and show them  how I arrived at that number. When I wholesale, I know I'm giving a great deal and not just a good deal. I'm ordering the rehabbing book next!

Congratulations! What's your exit strategy for the current duplex? Whats your plan for future acquisitions? What's your overall plan for the future?

That should set you up for the long haul. 

Wow! Every time I think I learn something new, I learn that that is just the tip!  I want to see how this progresses as the years go on and on.  Keep me updated!

Just ask away. Pretty sure someone will answer your question. 

We must all know now! Like right meow. But definitely want to hear the details. Early success stories are what keep me on BP!

@Karl Krentzel thanks for sharing the info.

@Account Closed you must realize one thing.  This world is full of people who want something for nothing.  You want cash buyers, be prepared to sell super discounted deals. Unless you're assigning, your deal will be bought with "cash". Regardless of where it came from and how. Unless you have issues with how people made their money. 

To make life easier I would reccomend focusing on how they can help you instead of why they're trying to help you. 

As for prequalifing, enough has been covered. 

I don't have proof of funds, why? because my wife takes 100%of my money as the family banker or threatens me in wifely ways. 

I only pick up deals I know I can move. So ultimately it's your choice on what you want to do or are willing to do. How bad do you need to move your deal? Who are you willing to trust to make it happen?

I'll give anyone a fair shot, will it bite me? You damn right it will, but shame on you the first time, shame on me the second time. 

Stop hating on wholesalers and just set them straight! I do that with bad buyers! I can't tell you how many buyers want even more of a deal on an already discounted deal! Who does that!! If someone brings you a deal either take it or leave it or counter their offer. This is why you can't find good wholesalers. They'd rather deal with a few than to let everyone else on the deal and make some money. 

I probably ranted and tagented here and there. So unm just focus on the good parts :)

Missed your second post. Yes and no, you just have to know when you're being sold. Remember the best lies is when some truth is mixed in. So being able to tell the differences will save you a lot of pain. 

Normally I'd refer you to the no money down book by Brandon Turner, but you seem a bit burned, and I have been there. Too recently in fact!

You find them by building rapport and following up with people.  Generally exuding that you're an investor with confidence will open more doors than not. 

Nobody does no money down or no credit checks to someone they don't trust. It takes time, or really desperate measures. But subject 2 deals have been where people get the cheapest entrance since they just assume the loans from someone who can't pay them or are going to be behind. 

I'd reccomend Dale Carnegies book of How to Win friends and influence them. I'm three chapters deep and it's changed how I've interacted with every single person since then. I was lucky that I had just started a new job, so I have a lot of people to influence. So far so good. I just need to finish that book and read it again!

I hope this helps, it sounds selfish, but this Is what I wish someone told me when I felt like that! Granted, I didn't even have 30k. 

@Account Closed

Thanks bud! I have so much to give back to BP for teaching me a lot. In fact, if the person who I want to buy this gets it, I am going to gladly tell the story or at least what they will let me say.