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All Forum Posts by: JR T.

JR T. has started 10 posts and replied 591 times.

Post: How do I Make Money Off MLS deals?

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

There is no free lunch. If you want to be a wholesaler you need marketing materials lead lists etc and continuously spend money on marketing to old leads and acquiring new ones.

If that work or investment doesn't appeal to you I'd find another industry. Real estate is 90% prospecting.

Post: Newbie investor with bad credit looking for info for 1st deal

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

What was your career?

Post: How to find a Lender for a Personal Loan

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

Lenders only lend money when you can demonstrate you don't need the loan. Storage is a waste of money. Sell the stuff you dont use but like to keep there and eliminate that expense from your monthly nut.

Post: Anyone investing in food trucks??

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

Remember that deal worked for the company because it had unused capacity that would fully service the trucks. It would be a much steeper investment curve with lower returns starting with one truck.

Post: Creative ways to come up with a large down payment

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

The oft repeated advice to go to family first. They've known you your entire life and hopefully trust and love you. If you cannot talk you're family into investing with you you're completely unqualified to pitch strangers.

Post: sketchy not sketchy?

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

Do whatever your lease says about the cat. If you do not charge additional monthly or daily rent for unauthorized pets start doing so with your next lease.

Be sure to congratulate him on his new job, try to find out where and the company so you have a place to serve him with your suit for the breach.

Post: Notice to Quit served - tenant not a happy camper

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

I would have waited for a default in the tenants bimonthly plan before investing $5000 to be rid of her. I think if you step back and look at this you'll realize her entitled personality is driving your irritation more than the payment dates.

If she had called you, apologized, explained a loss of income and proposed this plan would you have agreed to those payments? 

Ultimately it's your business to run as you please. If she enters an appearance make sure you file a motion for use and occupancy immediately so this months rent will be with the court when you kiss her goodbye.

Post: Has anyone done business with corporatefundgroup?

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

Their website appears to me like the front of an advance fee lending scam. Real crappy broken links lists don't work. Claim to have deployed billions but operate from all virtual offices. International "locations" but only English website.

Do not send money, if they are getting you a loan any fees can come out of the loan. Period.

Post: Approaching Physicians to Invest in Syndications

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

Your assumption about doctors is flat wrong. Every investment marketer in the land knows doctors have money and blasts their crap to them. You would have to get to know doctors and get them to trust and like you. Attending their conferences is a good setting where you have designated social time to ingratiate yourself to them.

I also advise registering in every state you intend to market in, have an expert law firm prepare your offering documents etc. Failing to operate this scheme legally means first syndication that loses money will be labeled a Ponzi scheme and you'll get a multi year vacation, but won't choose the destination.

Be careful.

Post: FHA loan vs mortgage

JR T.Posted
  • Financial services executive
  • Frederick, MD
  • Posts 609
  • Votes 341

I think Kaufi may think they give you 20%. They actually give you up to a cap and waive the 20% financing requirement. Since you won't have ≥20% equity you will still pay PMI, which you still are paying insurance and taxes even once paid off.