All Forum Posts by: Clifton Kaderli

Always glad to see a family building assets.  I have been seeking similar circumstances for my own family.  If you haven't begun shopping this, make sure that you know if you are dealing with an individual or a broker.  I have found several brokers that do a good job.  Direct with an individual is usually best.  Best of luck and let me know if you find too much money!

@Paul Birkett

Well said.  

Tax Liens is a very leveraged industry.  Most new investors seeking "pennies on the dollar" are using their own funds and can't compete.  We are seeing the return that can be realized over the past few years.  Good deals are out there still.  We are focused on forming relationships with local resources that give that advantage.  It is a tough nut to crack. 

Technology is also changing the landscape.  It is the best and the worst thing to happen.  It would be better if all sales were outdoors in the winter.  The fact that you can bid in Florida from Canada means that everyone else can too. 

I operate in this space in a small capacity.  I am building new, affordable, homes to hold.  I am doing so in San Antonio, TX.  This can only be done is certain segments of certain markets, with the right timing.  I make the remark because buying or lending to a new structure instead of a renovation project may give you better peace of mind.  It does me.  

Not to be self-promoting, I do know that Memphis Invest is doing something similar (new construction to hold).  

Also Jacksonville Wealth Builder seems to be a good business.  

I am not in these markets.  Check them out, I am not recommending.  

I don't do a buy-back scenario, but do offer equity positions or simple loans.  

You may accomplish everything you want by making a loan that includes an equity position.  Just thoughts for you to share when seeking a TK.  

Many TK providers seem to be forming PPM/Funds.  They are becoming "hedge fundy".  Not sure if this is good or bad. 

Thoughts anyone?

John Pitrelli with Key Title is in the Northern Virginia/DC market and can answer many questions and provide the services needed to close investor deals like sub-to, lease-option, llc assignemnts...

www.keytitleva.com

703-803-8600. 

Know what is competitive.  Contact Hard Money to know what you don't want to pay. 

Know what to ask for.  "I am seeking ___ for _______".  Being very specific shows that you know what you're doing.  If you research enough to be specific... you will. 

Know what to do if they say yes!  Title companies that are attorney owned AND specialize in closing transactions for investors can be a huge help.  They will help you place the money in the deal and correctly close. 

The attorney at that title will be the one to go meet.  Let him know what your doing, ask for hand holding.  Let them know that you are happy to close all of your deals with them if they can help you learn this aspect of the business.  They will help because your closings are their oxygen. 

IRA custodians also have a wealth of information on the topic.

Best wishes. 

Try to identify the value.  Is it content rich, or is it motivation?  I find that if you listen to the pitch, you can identify the premise of the content and then make it happen on your own.  I have become very distrusting of educators asking for money to know that "I am motivated".  I want their money to know THEY are real.  

Some can add value to your business.  Proceed with what I call cynical optimism.  

I'll comment because I have experience both sides of the microphone.  I have bought training and I have sold training.  

My main objective to selling training was to build a business network.  If my network listed to the training, then I would have a well-informed business network.  

When we went to REIAs to speak and hawk our program, we had skills in what we were teaching.  There is a fine art in selling education.  I became somewhat tainted with the tactics.  I would even mock typical tactics in my "close".  

I have shifted my business objective slightly.  I am out to educate anyone who will listen and has the capability to act.  The more action, and ability, the more deal making will present itself to everyone.  This is much of what I am experiencing on BP.  That is one of the reasons I am a huge fan of the community. 

Here's to

1. Great education through peers and colleagues, and

2. More/better deal making and investing within those relationships. 

I have begun receiving emails and Facebook posts about his deals, and other stuff (at my request).  His deals seem real.  Like nearly all wholesalers, their ARVs are optimistic.  I conduct my own DD and role with it.  I did go to a property in Leesburg that interested me. He typically conducts an open house on a Saturday.  I don't like the Saturday only open house because family time is a premium.  The one I attended had someone holding it open and about a dozen investors going through the property.  Good business seemed to be going on.  

As far as the training, I don't know.  His website makes multiple blunt statements that show experience and frustration with inexperience.  His family moved to Hawaii and he posts some enjoyable dialogue.  Video from the beach I think is kinda cheezy but all real estate training must feature a palm tree on a beach :). 

I have not closed any deal from him, but I think enough of the individual to keep considering each deal.  That says a lot from me. 

He does answer his phone, return calls, and return chats on his Facebook page.  That is huge to me.   

We will likely utilize an LLC or some form of a trust. I was going to BP to see if there was a best management practice for this type of scenario that I could utilize as an alternative. Especially since it is a family project. Because I deal with estates quite often, I enjoy the opportunity to help families build wealth through real estate. I am new to the BP community and thought to seek input on the topic to make myself more knowledgeable. Sorry if the dialogue was/is vague.

Rob, Thanks for initial response.  Property owned by parents. Value around $1M. Two siblings, myself and my sister.  Credit scores are good for all but credit obligated.  Fair amount of experience. I enjoy private money lenders over banks because better terms can be negotiated and common sense can be used.  I am seeking discernment on the best structure for sis and me to take on the task. I have thoughts on the subject but wanted to see what ideas were on BP.