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All Forum Posts by: Chad Kerlin

Chad Kerlin has started 2 posts and replied 7 times.

Post: General Questions

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

Thanks

Post: General Questions

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1
Originally posted by @Chad Kerlin:
I am trying to get into wholesaling and have been reading tons here on BP. I have also been reading and watching videos online. I live in the New Orleans area. I am attracted to wholesaling because I have always wanted to get into real estate and it seems this route is great because you don't have to have a lot of start money and I still work a full time job.
1) Is it wise to join this site and Freedom Soft?

2) Does anyone know of a Real Estate Investors group here in New Orleans that I can join and attend?

*Anyone that is in New Orleans and would consider being a mentor to me and take me under their wing please let me know. I am highly motivated, it could be a win win situation.

Last thing, I ride around everywhere for my job now and I am always writing down addresses for boarded up and abandoned houses. I found the information I am listing below through public records. Does this look like a potential deal of any kind could be made?

*All of the table would not post, but you can see the main facts.

This property has been sitting boarded up for years and is probably gutted on the inside.

Lot is 30' x 127', the house is probably about 2000 sqft

2011 code enforcement lien $ 9,000 - 2012 real estate tax, mid city - 2013 real estate tax, mid city - 2014 real estate tax, mid city - Total taxes due as of 6/26/14 $15,571.88

Year - 2014 land value $19,100 - building value $64,900 - total value $84,000

assessed land value $1,910 - assessed building value $6,490 - assessed total value $8,400 - homestead exemption value $0 - taxable assessment $8,400

Post: General Questions

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

I am trying to get into wholesaling and have been reading tons here on BP. I have also been reading and watching videos online. I live in the New Orleans area. I am attracted to wholesaling because I have always wanted to get into real estate and it seems this route is great because you don't have to have a lot of start money and I still work a full time job.

1) Is it wise to join this site and Freedom Soft?

2) Does anyone know of a Real Estate Investors group here in New Orleans that I can join and attend?

*Anyone that is in New Orleans and would consider being a mentor to me and take me under their wing please let me know. I am highly motivated, it could be a win win situation.

Last thing, I ride around everywhere for my job now and I am always writing down addresses for boarded up and abandoned houses. I found the information I am listing below through public records. Does this look like a potential deal of any kind could be made?

*All of the table would not post, but you can see the main facts.

This property has been sitting boarded up for years and is probably gutted on the inside.

Period Type Code Delinquency Date Tax or Lien Interest City Fee Collection Fee Total
2011 Code Enforcement Lien
2012 Real Estate Tax
2012 Mid City
2013 Real Estate Tax
2013 Mid City
2014 Real Estate Tax
2014 Mid City
Total Taxes Due As Of 6/26/2014 $15,571.88
Year Land Value Building Value Total Value Assessed
Land Value
Assessed
Building Value
Total
Assessed Value
Homestead
Exemption Value
Taxable
Assessment
Age Freeze Disability Freeze Assmnt Change Tax Contract
2014 $ 19,100 $ 64,900 $ 84,000 $ 1,910 $ 6,490 $ 8,400 $ 0 $ 8,400

Post: Flipping Formula

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

@Bryan Kipke that is exactly how the session went. They got a lot of people fired up. This may be okay for someone that has that kind of money laying around to blow, but they drew me in with the no money no credit thing. Obviously this website is worth more than there highest level session.

Needless to say after my first post and reading everyone's answers I called and got my $500 back. Only thing now is to send their precious binder of info back.....haha

Post: Flipping Formula

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

Thanks, you guys have been Awesome!

Post: Flipping Formula

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

Thanks!

Post: Flipping Formula

Chad KerlinPosted
  • New Orleans, LA
  • Posts 7
  • Votes 1

Last night I attended the Dave & Pete Flipping Formula seminar, which they were not even there. The seminar was helpful, but I should have known it was too good to be true. They offer resources to money and buyers so it sounds great being that I have bad credit and live paycheck to paycheck. At they end though we were told it cost $6,000 for the 3 day training but if we act tonight it will be $2,000. I used $500 of my rent money to reserve a spot and I was going to get the rest from my IRA account. Well I did my due diligence after the class, which I should have done first, and it seems everyone that has gone says at the end they just want another $30k - 40k for you to move forward and access their resources. I want to know if this is true and for someone like me who could never get access to this amount of money what would I get out of the 3 day course. Would I get access to this so called $500k? I think this afternoon I am going to cancel and get my $500 back.

Last and final question.  I know it takes money to make money, but for someone like me with terrible credit, student loan debts, and no saved money, is there a way I can get funds to start wholesaling, flipping, or renting houses?  Here in New Orleans rent right now is crazy!  People are getting top dollar for such small square footage and as soon as properties are listed they are literally rented a day or two after.

Thanks!