All Forum Posts by: Matt Theriault

 Hey Jason, you still working in Belleville?

 Hey Mark, you still working in Belleville?

For how long have you been receiving 2 leads per day?

How many offers have you presented in writing?

Just about any list provider can provide a "free n' clear" list. You'll probably want to add an additional criteria in your list search such as "absentee owner" or "55+"

listsource.com is as good a place to start as any.

He wants to get into buy and hold but is interested in a short term investment?

The first step is to get clear about what your potential partner wants.

The second step is to find a deal that gives him what he wants, and keep what's left over for yourself... could be 10%, 50% or 75%? It all depends on the deal that you find.

An alternative (and preferred) plan, and one that I have used to build my entire portfolio and business, is to first find the deal and then you dictate the terms. It's much easier to control your situation (and your profit) once you have control of a deal then it is to negotiate something that doesn't yet exist.

Hope that helps.

Best of luck,

Matt

@Justin R., it's hard to believe the market has peaked or is headed for another big downturn when in most parts of the country you can still buy well below replacement costs. And you're SOOOOOOO right, if the market does happen to dip again... buy more :-)

Harry Dent by no means has the public's best interest at heart. He's a salesman. He spends a great deal of time being interviewed by anyone that will have him in order to build his authority with the intent he'll eventually convince you to buy whatever he's selling that week.

Everyone here at BP is here for the right reason. Real estate provides the highest return/lowest risk ratio of any investment available. It will never be worth zero. It will always have value. Buy real estate for cash flow and wait for it to appreciate. It will, eventually. And even if it doesn't, so what… you cash flow.

If that formula fails, it means we'll all have much bigger fish to fry.

Stay the course.

• The seller always thinks the property is worth more.
• The buyer always thinks the property is worth less.
• A Realtor tends to be a little on the optimistic side.
• An appraisers evaluation tends to favor the person who's paying for the appraisal.

The point is, everyone has an opinion of value, and that's all they are… opinions.

If it's your time and money at stake, the only opinion that should count is yours (the investor).

@Sean Kuhn

I'm not sure, I'm not an expert on it. Also, I haven't had to use a bank loan to build my portfolio, either.

My comment was inspired by a few associates in the mortgage industry that are really concerned about their business being adversely affected… to the extent that they are considering other options for work.

Having said that… even if it does only apply to FNMA and FMCC backed loans, I can imagine there will be reverberating affects to the conventional loan market.

@Nicole A. Mortgage Reform. In a nutshell, it will be much more difficult to get approved for a loan, and fewer choices.

There are countless sources for the details of this reform, and it's rather wide-sweeping, but here's a summary of how it affects mortgages:

http://www.quickenloans.com/blog/new-qualified-mortgage-rules-effect