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All Forum Posts by: Justin Fernandez

Justin Fernandez has started 17 posts and replied 217 times.

When I complete my first deal, I am definitely going direct mail with monthly/bi monthly campaigns.  The advice may have been common sense, but it's definitely good to know where the target market is and who they're specifically targeting. I wonder what you're conversion rates are with absentee owners with that much equity? No need to answer, just wondering. How often do you a/b test? 

Post: 7 Figures in 7 Years...?

Justin FernandezPosted
  • Investor
  • Watertown, NY
  • Posts 225
  • Votes 88

Great way to start! 

Post: First Time! Need help asap!

Justin FernandezPosted
  • Investor
  • Watertown, NY
  • Posts 225
  • Votes 88

Find a mortgage broker, a good one will get what you need since they can shop around for you.  If you want a quick run down check it out here.

http://www.biggerpockets.com/renewsblog/2015/02/05/real-estate-financing-choose-bankers-mortgage-bankers-brokers/

If you haven't had a chance, also keep @Darrell Shepherd in mind with Lone Palm Lending.  He helped me out tremendously yesterday by connecting me with someone and definitely opened up some new ways to go about my business.  When I close my deal, I will definitely be using him.

@bo wagner, can't tag him, but you can use his page to contact him.  Great guy and willing to help!

http://www.biggerpockets.com/users/BoKnowsClosings

Post: College Drop out to First Deal

Justin FernandezPosted
  • Investor
  • Watertown, NY
  • Posts 225
  • Votes 88

@Garrett Gable

That's a true inspiration bud.  Too bad I learned about Real Estate after graduating! But a certification is just a certification for what people are looking for.  I don't mind having a w-2 check as long as it's gratifying work but I will be moving towards Real Estate full time sooner than later!

Keep us posted on future deals.

What are you looking to do with your 4plex? If it's the same strategy you'd lose out, but at least you would have free marketing if their prices are too high for them, you can catch those looking for something less pricey but same area.  Just food for thought.

How quickly do you think you can get it up and renting vs. a straight sell?  College towns are great for rentals, since college kids will pay apartment rent for a room as long as the commute is short.

Let me know how it goes.

Post: Student loans to buy home? is that even legal

Justin FernandezPosted
  • Investor
  • Watertown, NY
  • Posts 225
  • Votes 88

As long as they can pay it back, I don't think the bank cares since there's no long term ROI on beer.

Looking for:

Private Financing for Marketing Campaigns in the North Fulton Area/Greater Atlanta Area (Customized)

Different Return Structure:

50% Return with first deal from selected campaign (This will make you your money back quicker if you want to try it out.)

25% of first 5 deals from selected campaign (This will net you more money than the first, but less than the 3rd, but it's more of a short term deal)

10% from all deals from selected campaign (This will net you the most money since I plan on creating a business around this and other areas I will be working in.)

Campaigns:

Lis Pendens/Default Notice/Pre-foreclosure (All the same, just different names)

Out Of State owners with >25% Equity

Expired Listings from (MLS)

Customized Campaigns (Looking for specific houses, property types, areas/neighborhoods)

What I offer:

I setup the marketing campaign, the tracking, and analysis of it through my CRM. I find, negotiate, and contract deals. I put in the legwork, all of it, while you sit back and enjoy your money making money for you while utilizing my systems.

How this works:

1. We setup an Initial Meeting (Phone, Skype) and cover what you're looking for, how many, your exit strategy, and cost. We will also discuss segregation of duties and how this business relationship will be clearly defined.

2. After the setup, I will create the marketing plan and invoice(Itemized) it so you know upfront what you're paying for and create a contract for the campaign and all campaigns if you want more than 1.

3. I will filter calls, meet with prospects and create the deals. 

3. I will wholesale the deals unless you are interested in buying(Customized), and you will receive your portion depending on what you selected under Different Return Structure. (Note: If you are interested in buying the property itself, will be discussed ahead of time, so that you will have first right of refusal) 

4. Rinse and Repeat as often and as much as you'd like.

FAQ:

Q: How do I know how much I am supposed to make?

A: You will have access to the CRM created per campaign, of which will list status and the associated fee after costs.  This will be itemized and available for you to review.

Q: What is included in my cost?

A: List fee(Pass Through), Mail Fee(Pass Through), Marketing Fee(Itemized), and my setup fee ($200 per campaign).

Q: How do I know this is worthwhile, that my money is well spend?

A: My business Plan, which can be discussed in step 1 in How this Works. You have to remember that there is no pressure, and working with me is a decision that you choose by looking at what I provide.

Q: Why Should I choose you?

A: I want to create a Real Estate Empire, but need to start somewhere.  With my work smart/work hard mentality, I produce.  With each business transaction I learn from it, success or failure.  I analyze my own work and see where I could've done more or less to save time, money and keep costs low for all parties while maximizing profits.  I continue to educate myself to learn different strategies, negotiation tactics and Real Estate exit strategies.  I maintain multiple mentors, and yes even though they conflict at times, I can always choose vs. either agreeing or disagreeing with their concept.

 As Will Barnard said, "We are here to make a profit", "Am I Right?", "Yes or Yes?".

If you have any questions please feel free to PM me or ask here. 

Post: Oklahoma Triplexes and Fourplexes (near Lawton, OK)

Justin FernandezPosted
  • Investor
  • Watertown, NY
  • Posts 225
  • Votes 88

@Todd Lee

 That's where you live in the apartment, apply for tax exemptions and use traditional funding and the rates that go with it while renting out the other available units.