All Forum Posts by: Dennis Wayne

@William Vedder

Be cautious if folks claiming to be religious or God fearing . 99% of them are using that as a cover sadly

Tenants expect rent increases each year so don’t disappoint them !

Don’t start celebrating yet , this means nothing

Set them up on cozy for your payments make them sign an addendum when you close that they will be responsible for their own insurance and taxes . Servicing notes isn’t rocket science . As the seller you have really great terms ,nice deal on that one ! I’d be tempted to sell that note and cash out . On a price point that high you should use a mortgage loan originator to conform to Dodd frank act to qualify the buyer .

I doubt any of my tenants have a credit score that high ! Guess what I don’t care either . That is relative to how nice the property is . As far as her short sale story on her house .. you can just go ahead and dismiss that as a complete lie . Don’t believe a word a tenant tells you they will say anything to get ahead of it suits them

Building castles in the sky or meaningful relationships with a local realtor is not the way to get a great deal or retain your sanity . Use list source and start an aggressive direct mail campaign to no owner occupants who are behind on taxes . Don’t waste time or money with mls or realtors . They will lead you on goose chases looking at over priced junk and play games like “ oh sorry but 3 more offers just came in” or there’s new buyers asking so “ seller wants highest best offer “

Action will always beat inaction . The ability to pull the trigger when others run scared

@Robert Campbell

Exactly ! and they say wholesalers are scummy predators operating for personal nefarious reasons but have no problem artificially inflating the price behind the curtain . I don’t play their stupid games I’ll let the greater fool do that

@Joe Splitrock

I would tend to agree with Joe here . So many people think reading books listening to blogs going to seminars and calling agents to chat is taking action ! It’s not ! That is meaningless fluff that fakes you out . Go buy something and stop procrastinating. Do you want to be an old woman laying in bed saying wow what an amazing journey and thank God I bought 30 homes over the years .. or laying there saying geez I wish I would not have just sat around and reading books all

That time

No surprise here , it’s a game realtors and sellers play to screw you without accountability whatsoever ! There may very well be no other buffets at all and nobody has to prove it ! Realtors are like used car salesman. Their goal isn’t to find you a great home for a great price contrary to popular belief ! Their goal is actually to get you to pay the highest amount possible before you throw your hands up in the air and say $&@ it ! Don’t play their game . Run your numbers and buy solely based on that . If the highest and best is higher then walk don’t fall for their dirty tricks