All Forum Posts by: Mark M.

Uncertain analysis and fear of negotiation is why people generally do not close their first deal. 

As to analysis, be objective and not emotional. Keep it simple. Find a deal that fits the purpose of your investment approach. Then layout the argument in writing as to why your investment will achieve a good return. At last, be transparent in your anslysis and either yourself or an investor will fund the deal. 

As to negotiating, try not to be rigid, but, be fluid which allows for some give and take. Close the deal and other will follow. Investing is about relationships not transactions. Always think long term.

I find it all simple but not easy. 

I have found units at the local Habitat for Humanity store. They are used but functional. Then just find a HVAC guy to do a side job.

I use blackbookdata.com for my targeted mailing and I saw that they had a criteria for finding accredited investors.

With a targeted mailing I dont think you have to worry about the regs with the SEC. In your case where it is in the form of a loan.

What up Merced!

Try talking to a couple of REO agents in the area. I know here in Modesto Harmony homes and Chad Costa of Remax handle alot of REOs. Also, go onto the MLS and just look at offices that have REOs.

From there I would assume you just tell them your experience and that you will beat any price. Money talks BS walks!

Hope that helps...

Ask her why she declared bankruptcy. Many people have lost their homes to foreclosure and as a result have filed for BK.She doesnt "seem" to be lazy with 2 jobs or dishonest. Just check and verify her employment. I would even ask for pay stubs.

Note: She may be a good tenant, but she may have a loser boyfriend that might become a nightmare for ya.

Okay, after further review, I would tell her no...

Would'nt a secrued promissory note be adequate for what you are trying to acheive? (The note secured to the property being purchased)

Just a suggestion. When trying to find private equity you may want to consider getting a list of acreditted investors in your area. Write them a professional letter asking if you could introduce yourself / business plan. Just my 2 cents...

Hey Nick,

I used legalzoom.com. They make the process very easy and I felt the cost was reasonable, $600.00. Takes about 30 days for them to file the neccesary paperwok with your state.

Brian,

I am down in Modesto and I havent found any REI clubs. Either the number is disconected are they are not meeting any more. However, I know of one in Lodi area, but not sure if they still meet.

Creative Californians Real Estate Investors

Contact: Philip Askew
Telephone: (209) 465-5181
When: Weekdays, 7:00pm
Where: TBA, Lodi/Stockton

You can also make the drive to Sac, I am sure they have a consistent REI club.

FYI, Just dont get sukered into buying a $5,000.00 REI bootcamp. You can learn everything on this site.

Randal,

I am also just starting out in the wholesale business. As a fellow newbie I would suggest talking to a real estate attorney to write up the contract( if you havent already).

In regards to your buyers list. I would actively pursue finding investors. However, I am more concerned with locking in great deals for my potential investors. If you know how to husltle and your deals a money maker, it wont be hard to sell. Just my humble rookie opinion.

Max out your student loans and with the proceeds buy an investment property. Just joking!