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All Forum Posts by: Brian L.

Brian L. has started 4 posts and replied 292 times.

Post: Either dealing with idiots or scammers

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104
Originally posted by @Scott K.:
These people are either idiots or scammers.

Or both!

Post: New Member from Houston, Texas

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

Hello @Stoney Lowstetter and welcome to BP.

Post: New Member from Colorado Springs

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

Post: How I got every cash buyer in my cities email address in 24hrs!

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

I agree with Jon on this one. If a buyer did not give you their email and didn't ask to receive email from you, then you would be sending unsolicited email ads or spam.

Post: Wholesale a per foreclosure

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104
Originally posted by @Rashad S.:
Greetings,

So I have this distressed property I drive by. I called up the out of state owner to see if he wanted to sell it and he agreed. I happened to pull the property up on Zillow and it says it's in pre foreclosure status.

I'm wondering if I should go the short sale route from here...

Have you run the numbers? If it makes sense to pay the bank then you don't need to do a SS. Did he tell you what he owes the bank? What us the ARV?

Post: BPer's Unite! Let's Kick the Joker-Wholesalers Out!

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

You've got my vote for a wholesalers university or education series. I'll participate in whatever way I can.

Post: wholesaling propeties listed on mls

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

It doesn't really complicate things it just requires that someone pay the realtor's commission fee.

Post: Should you spend money on the so called Guru's.

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104

There are reputable teachers and I'm not sure that I've seen that statement disputed. BP actually has as many or more teachers than students in my opinion. Not all of the people whom I believe to be teachers are advertising themselves as such though.

Anyway, about the "Gurus". I think there are a few common complaints: people pay money to be taught that they can invest with no money; despite the fact that this statement is highly misleading, if you're at the seminar, you've already spent money. Also, I can always tell when there has been a seminar in my city because the street corners are littered with new bandit signs, CL is cluttered with new ads, and my inbox is full of emails from people trying to sell me properties that they don't have. I think it's great that people are getting motivated to get started but they're being told or they perceive that they're being told to mislead people. I could find probably 20 examples from the past 5 days on BP where new people sign up and their first post says "cash buyers wanted, huge inventory, act fast" or whatever. I reach out to some of these people to learn from them about how they acquired their huge inventory only to find out that they don't have a single property under contract; for many of them this has been their first attempt at advertising or marketing of any kind.

I don't lump all new investors (I am one myself) or all gurus together but I can definitely tell which new investors have just attended a guru seminar.

Post: Whens Your Rent Due?

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104
Originally posted by @Rodney Kuhl:
As a former tenant, I've never had rent due on any date other than the 1st, and usually could pay it penalty free until the 3rd. I plan to do the same when I buy my first rental here shortly.

If the rent isn't paid by the decided grace period, what do most people charge for a late fee? Is it a flat fee? Or percent of the rent?

The fee needs to be high enough to motivate people to pay on time. I currently rent from a PM that charges 10%

Post: Tips for Newbies - MLS deals part 3

Brian L.Posted
  • Wholesaler
  • Westminster, CO
  • Posts 309
  • Votes 104
Originally posted by @Bryan L.:
@Brian L. - Hows about this Brian L with an "i". That house that I'm about to buy. I have another one listed (owned by someone else, I'm just the listing Realtor) that is a pretty good comp. Only a mile or two away, similar in age and such. I've had it listed for a couple of months, and it's been shown by 5 or 6 other Realtors. Well, earlier tonight I emailed every one of them and told them about my new rehab in case their buyers are still looking. That's another great value in being a Realtor.

I kind of wondered how long it would be before the I vs. Y subject came up between the Bri(y)an L's. Don't worry, it's not your fault that your name is spelled wrong.

You make another great point here. The funny thing is, I'm not really sure what weighs me down on the "don't get a license" side of the scale. I think part if it is my desire to walk away from a career where I am a licensed professional (I'm a registered nurse) to do something not so "professional". That's one of the reasons I like real estate; I'm trying to get away from the "I'm licensed so I have a legal obligation" type of work. I just somehow feel like getting a realtor license keeps me in the same boat.

Anyway, I love your input on the subject as I pound my head on things to try and decide if getting a license is the thing for me.