All Forum Posts by: Doug Pintarch

@Jay Hinrichs - You know why they do it, Jay...They can come into it with ZERO money in their pocket, buyer pays them and all fees to close, and they can "Build their business and brand" and scale nationally in less than a year!

...or something like that. I haven't watched any Guru YouTube videos in a while, but I'm still sure that's still the way to fabulous riches with no money or skills.

3 Votes

Hell, I'd do it Paul. If he doesn't trash your STR he's probably ok with your ride. First number that popped into my head for that older Pontiac was $30 / day.

1 Vote

Great email to send, @Melissa Bovee !!

0 Votes

My rule for bidding wars is not to participate in them. There's always another house right down the street. (Figuratively speaking, of course.)

2 Votes

Originally posted by @Justin Robert:

@Senate Eskridge Read the whole thread.

This. Please.

2 Votes

HAPPY BIRTHDAY LUKE!

0 Votes

Originally posted by @Steve Morris:

Originally posted by @Barry Pekin:

On a few notes, I would disagree.

Do I know what the dealer sold it for? Nope, and I really don't care. I traded equity for convenience.

Difference is the dealer took title. Something as big as a piece of real estate is NOT like a used car. You seem morally confused in your justification of less than ethical behavior.

For most sellers, this is their primary source of wealth. When a wholesaler ties up a property with a false promise of buying and then goes thru the rigor of hiding what the actual price is - Doesn't that raise the hackles on the back of your neck?

If they are so ethical and honest, why go thru all the trouble of hiding pertinent information that a legitimate broker would share.

At least with a legit broker, the more he gets in price the more the seller gets.

This is correct about the car. If a car wholesaler pays a dealer for a trade in and "flips it" to another dealer for a profit without putting his name on the title it is illegal and will get his dealer license yanked. This is called "Jumping title" and sounds a lot like what most wholesalers are doing.

1 Vote

Originally posted by @Joe Villeneuve:

Now that REA's have been almost completely trashed here (including somewhat by me), I will tell you that finding a good REA (actually more than 1) is crucial to a greater success than moving ahead without one. The key is they have to be trainable. The ones that can be (and are willing to be) trained, are one of the most valuable members of your power team.

This. As usual, wisdom from Joe. We have 2 REA's - one "Main" and a backup. We have been training the main one on our criteria for STR Vacation rentals and she pretty much sends us listings in all our target developments with our criteria met. We will be looking for #3 and possibly #4 next year but she sends us all current listings so we can keep tabs on the market.

2 Votes

@Jonathan Greene I didn't see in your post where your Grandmother asked you for any advice or help "Building her brand" so she can scale nationally in a few months when she gets rolling and has money in the bank.?? Or did I miss that?!?!

I so love those posts...

1 Vote

NO.

Skip your legal pad list of possible pros and cons and what happens at the summer picnic because they think you're blowing off cleaning the gutters because you're related.

NO.

0 Votes

All Forum Posts by: Doug Pintarch

Doug Pintarch has started 0 posts and replied 359 times.

Post: Investors! Do you like wholesalers?

Post: Would you rent your car to an STR tenant? How much?

Post: Allow guests with zero reviews?

Post: Rules of Thumb for a Bidding War?

Post: I got my 1st virtual wholesale contract now what?😰

Post: Happy Birthday to Luke Carl

Post: How to wholesale ethically and honestly

Post: Most real investors should not buy from realtors....

Post: My Grandmother Wants To Be a Wholesaler Because It's Easy

Post: Never Rent to Family Members: Exceptions?