All Forum Posts by: Account Closed

Yeah I use them. They are my go to lender on my projects. Great team.

Happened to me too when I first started, don't be nervous at all! I was 17 when I was calling sellers and going to appointments. They never took me serious but being honest is a must in order to build solid rapport. Please start an LLC, because when you close a deal under your name the IRS will tax you crazy and the LLC protects your identity and gives you credibility.

When you speak to sellers, you should be in charge of the conversation they shouldn't even be asking you questions like that because when they do, they probably feel you don't know what you're doing. I suggest you take charge of the conversations and don't even let the conversation get to the point where they are asking if you have a proof of funds or how long you've been in the business. You should be establishing enough rapport where they should trust you. 

Going back to your company, if you have a company it would be amazing because when I call a seller I could be like " Hi it's Dave from Dalexown homes. How are you doing today?" Compared to not having no company at all. When you have that company off the back they will feel more comfortable because they know they could google your company. 

Also, consider getting a script and building some rapport with the sellers because they will feel more comfortable with you.

However, if you still end up struggling to make deals happen consider co-wholesaling with wholesalers in the area by bringing a buyer to the table; so all you would have to do is a have an amazing buyers list for that. You could also pick up cheap properties from sheriff sales and wholesale them that way. 

Hey man, I don't know if you're a Christian or not but I am, and the bible says the devil appears as an angel in the light and so do these crooked contractors who fool people with their fancy marketing and vehicles. I went through the same thing and here's what I recommend; just get a new contractor to complete the work. If the old guy filed any permits just make the new contractor refile them under his business name. I personally just changed the lockbox and no longer gave them access inside my rehab project, and they most definitely got the message from there. They did however call for payment, but if they had the nerve to treat my job like a club and chill out on my job site while I have taxes, and mortgage payments to make monthly, they could never get me to write a check to them for any work they've done. If they attempted to file a lien, I have screenshots, and etc of how they lied about filing permits and ignored text messages of me asking them when they'll show up to the job. 

But anyway, If this dude even threatens to put a lien on the property you could provide proof how he went out of his contract by extending time and he willingly walked off the job. Dude in this business, contractors will screw you and the lien process is so long it's not even worth their time. By the time he even thinks about putting a lien on your house, he'd already be onto the next customer scamming them.

I know you might be worried about this dude filing a lien, but remember this; you are the boss and you make the decisions. It's all a part of this business to get rid of shady contractors who are low lives and don't make completing jobs priority.  It's best to start searching for a new contractor ASAP and if this guy calls for money just ignore his calls because he should know that what he did was wrong.

honestly, save the money and just go down to the township/city municipal building and pull a free list of houses that are going into tax foreclosure or are behind on mortgage payments. If you still do decide to purchase a list I recommend list source.

Private money, but if you're just starting out go for hard money

sterling title agency

When they say "No" to your offer, use psychology. Hopefully you've built great rapport with them before you threw out an offer. Also, PLEASE don't make an offer over the phone or over email, do it face to face so it puts them more on the spot because it would be awkward if they say no to your face. But anyway ,if so, Ask them " What number would work for you? I really want to do business with you. This opportunity isn't one that I want to slip by my face." This line will draw them in especially considering you've built great rapport with them. You could also draw more things in, but it's key to not sound like you're desperate for the opportunity.

I also encourage working with extremely motivated sellers because many sellers have a heart of stone and are not willing to come down on numbers regardless. 

Don't give up on leads though  because each lead could possibly give you a 10-150k paycheck(Not even playing). Don't let go of a lead because of a "no." Trust me  you'll hear a ton of "No's" from sellers, lenders, realtors, attorneys, partners,  contractors, and etc; but it's important to realize you're the boss and you won't stop until you get what you want!

Hey man that's dope, thats around the same age the Real Estate bug hit me as well. I suggest you start listening to podcasts and watching youtube videos. I started when I was 17 because I was wholesaling and it was easier that way. I got into rehabbing when I was 18. There's def a lot of opportunity in Jersey you just need to network with the right people! 

I watched a youtube video and hopped in the business the next week or so lol. I just started putting " We Buy Houses' ads on craigslist and God led my path from there. The real knowledge you'll learn in this business is actually being out there making mistakes and doing deals.

But for your last question, if I inherited $100k I would lend that money to a flipper in my area with an 8% interest rate.