All Forum Posts by: Chris Pohlson

@Chris Thomas  Do not pay off your auto loan.  Buy an investment property (or two) that will cash flow enough to make your car payment for you.  It's a no-brainer.

@Account Closed  Stop calling Wells.  For real man!  Credit Union like William said.

Knock on the door and see what's up.  In my state you can shorten the redemption period to 60 days if the property is vacant.  Cash for keys works there.

I have an investor buddy that swears by the program.  He did it 5 years ago and says it was worth $100k.  I think he's gained around 40 units in 5 years.  Just sayin'.

I had a similar issue w a SFH that had a funky layout. It sat for 5 weeks even though we had tons of showings. We dropped from $795 to $745 w no takers. We finally got creative and offered an 18 mo lease. The first 6 mo were at $695/mo with the last 12 at $745/mo. It allowed us to advertise at the $695/mo price and it rented within days. Good luck!

I don't understand where you get -$75 NOI. Based on your numbers, your property would cash flow -$350/mo and that's assuming you're managing the property yourself. Flip it. Good luck!

@Melinda Campbell Check out @Michael Quarels website and listen to some live seller calls.  I had the same questions and his website helped me A TON.  Actually I had a very similar post on BP: https://www.biggerpockets.com/forums/93/topics/320...

I now use his purchase agreement and follow his phone "script" pretty closely when I get phone calls.  Doing it this way makes things EXTREMELY simple.  You don't need comps to get a property under contract.

I don't wholesale but I've gone from 0 to 3 properties in 5 months-one of which I would have never got without the help found here on BP and from @Michael Quarels' website.

Good luck.  Reach out if I can help further!

Contact Jennifer Larsen at Hagen Wilka and Archer...I got that referral from a principal at Lloyd Companies and she's been great.

Just wanted to do a quick follow up on this post.  In the past 3 weeks I've listened to @Michael Quarles live seller calls.  They were exactly what I was looking for.  I wrote down most of the talking points and used that script as an outline during my phone calls.  I even practiced what I would say with my wife as the seller in our living room.  I practiced until it flowed smoothly.  I'm really excited/nervous/anxious/proud to say I got my first house under contract today in large thanks to what I've found on his website (and bp of course).  Thanks for everyone's help.  

@Michael Healy I am a manager for a small $100 million asset credit union.  Before coming here I worked at Wells Fargo and US Bank.  The difference in business products are staggering.  Before you choose a "bank" do yourself a favor and check out some local credit unions.  Lower fees, lower interest rates, relationship based lending (I just wrote a loan for someone with a 487 FICO score. Why? They always pay me), better service, etc.  It's 2016 so every financial institution small to large gives you the ability to transact business online.  Also when I say low fees, if you opened a business account at my credit union I'd be talking no fees.  0.  Hope that helps!