All Forum Posts by: Ryan A.

In the last year I have found in general that 9 out of 10 lenders/loan specialists/consultants either don't call back or don't produce.

What is with this? Currently I am resorting to going to local banks and credit unions to talk to people face to face. Can't ignore me then.

I also thought maybe it was something I'm doing wrong, so if there are lenders here that can give some insight, tell me what it is you don't like so that I can stop doing it.

I'm doing my best to have everything ready when I make next contact: taxes, stubs, assets, prospectus, exec summary, etc. What more do they need?

Thanks for the list guys.

I know we can browse members by occupation and State.

How about using Google Maps to map member location?
It would be interesting to have a page where we could visually see member locations on a map as pushpins.

It would give a quick view of BP's influence and saturation across the states/globe.

Thoughts?

Hi Russ

You're about 90miles from me. I'll be honest there doesn't seem to be many biggerpockets members in this area...
Maybe because our area can be a little tough as it is quite inflated compared to other parts of the country.

Well, stay informed, ask questions, make a plan and jump in! There's a ton of great resources available here and many experienced individuals who can answer questions you might have.

Welcome!

All great information.

Another great idea I learned from Mr Landlord -
Work with your tenants prior to move-out so they can GET THEIR SECURITY BACK. Meaning, be pro-active and do a walk-through 2-3 weeks prior to moveout. Point out any deficiencies and discuss them with the tenant. Explain that you want them to get all of their money back so the unit needs to be as it was at signing. Most people will be more than willing to work with you just knowing they will get all their money back.
Also during this period you should start showing the unit to potential tenants. Work with your current tenants to ensure the unit is show-able. A $50 bonus for getting a new tenant signed will motivate even the most stubborn people.

Whats in it for you? 0% vacancy. Don't underestimate the cost of THAT.

Wow. That's very specific.

I think you are talking about direct mailings? Who are you targeting? Buyers? Sellers?

I don't have any campaigns at the moment but if you are looking for some good feedback from others you may want to be a little more descriptive and reveal some more info about yourself.

You are right, a 'decent' score we take for granted.

It still has to be assessed subjectively, for instance my girlfriend is a resident alien, so she has 0 established credit in the US. With no delinquencies her score is 640-ish. I imagine one simple mistake could put her into the 500's.

It would depend on why the score is so low. In my girlfriend's case, she has no history. For someone with 2 pages of history it might take 4 delinquencies and unpaid revolving credit to put them in the 500's.

Nice subject line. I came in thinking 'what a silly question'.

Feel it out - its just one part of the big picture. Personally I'm more worried about the applicant with 2 pet rats. Or the applicant with no car, no checking account & no job. Or the applicant who had the cops called at their last place of eviction - I mean residence. Credit score won't tell you that.

Makes perfect sense. I know exactly what you mean - trolling the beaches as a kid looking for parties I encountered many family vacationers who would stay 2 or 3 weeks.

Where is your beach property if you don't mind me asking?

Totally true. When they are legal.

I'm sorry - I didn't read every word of the last few posts because it makes my eyes hurt, so somebody may already have said this - but....

Vikram - your theory about cheap labor and how 'more workers does not mean less jobs' may hold water when you talk about legal cheap labor.

But these illegals are not integrated, don't pay taxes, aren't putting back into the economy, and are probably sending the money back to their own country. If they truly intended to integrate and participate in our economy they would be working towards residency or citizenship and would at least have a work visa.

It seems the debate keeps going back and forth between cheap labor and illegal immigrants and there is a very distinct difference to keep in mind.

Originally posted by Vikram C.:

Many people, like me, believe that these people are good for the country and therefore there is neither a moral nor a financial incentive to refuse to hire them

I'm confused. What people are good - illegals? How are they good besides for your wallet? This is exactly the issue. Let's not get confused- they may be good people and do good work. Its not the person but rather their status that is the issue.