All Forum Posts by: Bernie Germani

Bruce,

What a challenge to have especially in today's market. I'm a cash buyer in So Cal market, feel free to reach out to me, and I'll teach about wholesaling then I can buy your wholesale deals. We have flipped 27 homes thus far this year, and just acquired 3 more to flip, so I can help you in the So Cal market.

Bernie

Blanca,

I wanted to share my input, yes for the most part what agents are saying is very true in most of So Cal for a retail transactions, and for the most part you may not have a lot of success in assigning the contract to a rehabber like me. There are plenty of deals all across So Cal, but the key is doing your own marketing, door knocking, bandit signs, mailers, networking, finding investor friendly agents who will bring you the deal, then after the rehab they usually get the listing back. This year out of 27 properties rehabbed we only bought 1 from the MLS. The last 4 have come from probate leads that I market to like a mad man that have never been listed on the MLS. This is just my opinion for me MLS doesn't work in my business model, and I had to learn a few years ago not to rely strictly on the MLS or I would be out of business.

@Carlos,

Probates is a great niche that I started in 2014. I send a letter 1st, the next week I do a phone call through a dialer that leaves them a message stating Hi this is Bernie I'm still interesting in buying your probate. 3rd week postcard hits on Friday, and Saturday I'm making a personal phone call to try and make an appointment to see the property either that day or Sunday( after church). If I can't reach them after that I submit my offer to them Monday via email(if I have it) or I mail it.

I target pro per cases( no attorney involved), full authority, this is for California only I don't know anything about probates in New York on how the process works for your state.

DaNia,

Welcome to BP, this is the best site in the industry that is for sure. I grew up in Hawthorne so welcome to California.

Michael,

Congratulations on being a young real estate entrepreneur. Imagine creating such a business that in 10-15 years of hard work you may be set for life.

Welcome to BP, and immersing yourself into real estate, in my opinion that just might be your best choice ever. Can you tell I have passion for this business?

I'm local to you as I'm in Lakewood/Long Beach area, feel free to reach out to me, and I can show you our rehabs( 1 in Costa Mesa) so you can get an idea of rehabbing, and just answer any questions you may have.

Regards,

Bernie Germani

Amanda, welcome to the world of investing you have made the right choice. I have a great friend out in Indy who is a Realtor/ Investor/ Property Manager so if you send me a message I will share her contact information with you, and she can be a great resource for you

Allison we are buyers in So Cal.

We use private money and can close quickly.

I will email the email address you posted. Thank you!! 

Regards, 

Bernie Germani

@Mike Alder Congratulations on your success with private money lenders, and yes treat them like gold as you said so eloquently the PML will brag to other people with money, then shortly you truly will have more money than deals. Our mindset should be that there are a lot of people out there with money who have set up a self directed IRA, they have liquidity, etc. and are around us daily, but we never have conversations with people, hang out at cigar shops, as their is money in those shops, if not there take up golf, go to country clubs, and sit in the lobby, surround your self with people who make more than you.

I want to leave everyone with a script I use daily(everywhere) with everyone, as you never know who your next lender is. Always listen to people speak, don't be so quick to speak, after you have asked what they do for a living, and then they ask you. ( You say) I put together lucrative real estate transactions so that my investment partners can make safe consistent profits. 

(qualify question) You do like real estate don't you? If not hey it was nice meeting you, have a great day, if yes, here is my card let's have coffee next week, I can explain in detail how your money is protected, and how you can continue making safe returns on your money. Call me Friday to schedule a time we can talk. ( always get their number) but thus far 93% of the time they call me.

Mike, and others another great idea we use is every single week do a video of the progression of the house to show your investor what has been accomplished. The other side of the coin if there is a challenge with the property ( you fired contractors, discrepancies, whatever always let the PML know as soon as possible, but have a solution for the complication.

John, hey this is Bernie we had to fire our 1st set of workers, because they stole material, but the good news is we have already replaced them, and we won't miss any progress.

It truly is not difficult to find money, we must change our mindset, and believe we are doing them the favor, not the other way around. I pray that helps you folks to take action

@Tarquinn

I live in Long Beach, and bought my 1st rental duplex in 2008, it cash flows but I also bought it very cheap. Long Beach is a great area; however you are better off trying to find off market stuff( doing your own mailings) than to find something on the MLS, just my opinion.

Feel free to reach out to me if you need any ideas, or help down in LBC.

Bernie

Joshua 

We will do lots in LA/Orange County that are over 5,000 sq ft, have utilities to the lot, and there is no septic tank on the property.

We can do hillside as well