All Forum Posts by: Brad Pickett

I have 18 properties here and several owner carry opportunities... Surprised to see Burley pop up on BP lol  Give me a call.

I am currently using Investorfuse, which has been great.  It is a podio based crm with lots of cool abilities.  However I tried Freedomsoft just to pull down cash buyer data to see where to market, and I was impressed by what they say it can do.  Glad that I searched BP as it looks like I will be sticking with Investorfuse.  

Here is the deal in short: I have three commercial buildings all tied together under contract. They are in need of major rehab, but there are right on the main intersection in a small town. The price will be very low to reflect the condition and the land itself is likely worth more than what I will accept. I would set the minimum bid at enough to cover the contract and auction fees, and if I can make a spread.... great. I am trying to help the seller get rid of them and she is familiar with the wholesale process, me making money, and the situation in general. If we needed to add a JV or some other agreement because of the auction Im sure she would be fine with that.

This type of property seems like it would go well with an online auction on auction.com since it is a prime location and commercial. 

Has anyone tried this? What problems or feedback could you provide? 

Yes, I am signed up just getting started though.... I am very excited about being in the M1 group.  

rentometer.com

I am planning to join tomorrow after I have a few more questions answered.  I will keep you posted.  @Jamie Garcia

Thanks for your input @Andrew Cushman I noticed a typo in my earlier comment I meant to say that I would NOT consider it a guru program.  I will be aligning with Tom Ziebro this week and joining the M1 group.  I believe this is exactly what I need to ensure that the efforts I am already putting forth are successful.  Thanks for doing the podcast, by the way, that is what turned me onto the group. 

Brad  

When you see a FOR RENT sign, and its not a property management company, call them.  These are investors just like you that may be sick of renting or at the end of their career.  Many of these older investors have several free and clear properties and will carry a long term note which allows you to buy with very little down payment.  I have bought several houses like this and you dont have to use your credit or a bank at all!  Trust me these guys are out there and if you build a relationship with them you will likely end up picking up a few properties from them over time.   Good luck!

If your agent brings the deal (the seller) or he brings you a buyer you could split the profits.  However I wouldn't just partner up with him for everything, mainly because wholesale deals usually don't require any cash and can be easily done on your own. 

It is always better to go deal by deal rather than make some elaborate attorney drawn up partnership before you have anything to split.  Have him go look for deals while you are also looking for deals and if he brings you a deal that closes, pay him!  Hope that helps.    

The difference between the two is if your net worth is > 1mil you apply for gobundance and < 1 mil is the M1 program or march to a million.  I think the M1 program is relatively new but I would consider either one of these a guru program.  

Here is my understanding of the group.  It is a mastermind group that helps you set goals and makes sure you are on track with weekly phone calls.  They take people from the gobundance group and have different ones speak to you each week.  The cost is 295/ month 2 months upfront and a 200 sign up fee.  

I believe that Andrew Cushman is part of Gobundance and he is very successful.