All Forum Posts by: Bryce Davis

@Jay Hinrichs

Mod removed exact post that was PM'd to me by Chad because they considered it spam. Anyway chad is using the forum to gather interest. Then when you PM you he sends you a nice letter and tells you to reference his webpage. If you go to his webpage its the same crap that is advertised just another color and smell. 

Also you can do the same thing he is doing with no risk using other methods and don't have to pay for his training. 

@Jay Hinrichs

Direct from my PM

hey Chad im a successful investor in the Carolinas but your being the bank post got me to read the bankers code. Excellent book. I was wondering would you be willing to take on a mentee?

Bryce

You, sent 2 days ago

Sure. That's what we love to do, we love to teach people about Trust Deed Inveting and how to make money like the banks do. If you check our website you can email or talk to me or any of my business partners - we'll get back to you as soon as we can with any questions you might have.

http://*His WebLink Entered Here* Not copying due to spam 

Nice to meet you Bryce!

Chad

@Vinford Michael

Chad Brey is advertising his business on the forums just going round about it. I talked to him via PM and he sent me a link to his PAID training. Such a scam. I'm not going to pay him thousands to tell me about his methodology. Just another person trying to make money by scamming people. 

@Account Closed

You also have not factored in all the expenses. You have to pay a PAYMENT on that home equity loan. You also will get to the point that your dept to income is maxed and you will NOT be able to get approved for another loan. 

Once you have all those loans what are you going to do if you do not have tenants. Hope you have some savings.

The best strategy is to have them all paid off and use the proceeds to buy more. 

i have offered mentor services to several people and we have all learned from each other. 

I of course am more advanced and would love to find a mentor. Im actually starting to buy more foreclosures at auction and tax liens / deeds.

Pretty soon all states except the ones that lag behind everything else will make wholesaling restricted. 

If you think about it it a realtor at least tries to get the highest price for the owner. A wholesaler just tries to chew the owner down to their lowest acceptable offer. 

Not to mention I am sure since these fly by night classes are teaching a supposedly easy way to make money the market is flooded. 

Always have at least six months of your bills available if the worst happens. Some say a year.

@taz patel

As someone that had this happen recently to a family member in apartment complex. She contacted a lawyer. Lawyer stated unless She can prove negligence and a permanent affect then she has no case. 

However i would evict them immediately. This shows you the type of person your tenant is. Say its for her safety. Also to avoid in future offer higher rent but with a bi weekly maid. Rely on maid to tell you these things. 

So if i have 500k liquid cash. Following your model i can make 50k a month. Is that correct?

If not could you provide potential profit numbers on 500k monthly and annually. 

you could always put a high inspection number. Example house is worth 250k reno and selling for 125k cash. Put 60k inspection. Also don't forget your environmental. Most places that is a given. 

Good luck. I hate bidding wars. Make sure you make at least 30 percent or you know that area is growing. These days mls highest and best are plagued with firtstimers. Also remember that your cash is way better that someone that is financing.