All Forum Posts by: Charles Stewart II

Hello,

I would like to get opinions from real estate agents or loan officers on which career they feel is best and why. 

What are some of the pros and cons of each career?

Which career provides the best income or earnings?

Which career will allow an individual to start earning income soonest?

Which career has the more stable or steady income?

Please feel free to elaborate as much as you like; the more the better.

Thank you in advance for your opinions! 

Yes, I am an agent.

Hello,

If I am working with a motivated seller who needs to sell their home fast and I want to list their home using a "net listing", how would an investor/rehabber be able to make a profit from this sale. I would like to use this instead of wholesaling and flipping to an investor/rehabber if possible.

Thank you!

Hello,

If I am working with a motivated seller who needs to sell their home fast and I want to list their home using a "net listing", how would an investor/rehabber be able to make a profit from this sale.  I would like to use this instead of wholesaling and flipping to an investor/rehabber if possible.

Thank you!

Hello Larry,

It helped a great deal and it means a lot that you took the time to answer my questions.  I did hear about BRAG but I have never listened to show and didn't know much about the program.

It is simply up to me now to do my part and make a final decision.  

Thank you for your help!

Charles.

Hello Larry,

I'm really happy you spoke on the discussion. I am a real estate agent in Baton Rouge, Louisiana. I have looked at your courses and at courses by a man named Mark Ferguson. Both of your courses work with REO's, which is where my interest is.

While I have the opportunity, I would like to ask two questions:

1. Honestly, what is the least amount of cash, and the most amount of cash I would need to get started and be able to complete the average deal in the $20,000-$25,000 range?

2. You mentioned that the course provided could be a ministry; How has the work you do allowed you to minister to others?

I ask the first question because I have a good credit score (761), but little cash.

I ask the second question, to learn how what I will be doing will allow me to serve others as well.

Thank you.

Charles

Hello,

I am asking for opinions on the strategy used in one of Larry Goins courses.  This is a brief of how it was explained on Ron LaGrand's website: 

"If you buy the property for $5,000 and sell it for $30,000, you can ask for a $1,000 down payment and finance the remaining $29,000. If you finance that amount for ten years, at 11% interest, the payment will be $399.48 per month. Most people will be able to afford a $400 mortgage and they should be able to find a $1,000 down payment as well."

The idea is that you are getting the house a such a low cost because it may be a distressed property with minor repair needs.  You would pay off what you have "in the house", which is $5,000, within 12.5 months.   At that point, the $400 paid to you would be all profit.  You wouldn't have rent repairs because the person is buying the home, not renting.

Does this appear to be a good investment strategy? I feel it is, but I would like to hear from community members here on Bigger Pockets.

Thanks in advance!

That's what my question is related to, the "Shotgun" approach.  I see a lot of courses that use the approach of making many offers and it made me wonder whether the individuals are putting 5%-25% down with each offer.  I assume that would really add up when an investor is making 20-30 offers a month.  I would think that a proof of funds would be a lot less costly.

When making offers on REO properties, is it necessary to put a deposit down when making an offer?

One strategy I have seen with investing is investors who make "low ball" offers on hundreds of properties.  Do they include a deposit with their offer or do they only make a deposit when they put the property under contract?

Thanks

Hello,

Has anyone heard of Larry Goins Real Estate Investing Course.  He has one called "Filthy Riches".  If so, please comment on your experience, good or bad.  

I like the concept, because it seems to be a good niche. It's basically making low offers on REO properties. I'm just doing my due diligence before making an investment.

Thank you in advance for answers.