All Forum Posts by: Tahir Slater

Im usually driving all day so typos are abundant, lol.

@BrentSeehusen wow! What a way to start this discussion Brent! Good for you! That may require an industry wide retrofit. The auto industry suffers from the same sickness. With enough backing (mabey private fund) could one purchase a mass amount of policies, then serve as a then offer them to the corresponding title company as needed and mabey seek profit through offering advertising on the platform to offset this? Figure out how to offset the loss, or offset it by hopefully getting the policies at a deep enough discount...IDK just rambling, lol. 

Im sure with a week long think thank one could pin point exactly where the disruption would occur!

I somehow knew the first response would come out of either California, New York, Boston, Seattle or Austin, lol. Thanks agin for first response!

Hello BP! Im sure we've all had a "darn, why isnt this easier", "there has to be a faster way" or"there has to be a fix for this" moment. I am currently pursuing a fix for one of these annoyances via mobile app development. I'd love to know what issues the BP network wishes there was a fix for. Please feel free to share the story where the problem was most prevalent, or where you "jimmy rigged" or innovated a solution. PLEASE BE SPECIFIC, TO ENCOURAGE DISCUSSION WITH OTHER BPers I AM DISCOURAGING GENERAL COMPLAINTS PLEASE ADDRESS A TOPIC, A MOMENT OR PROCESS THAT YOU THINK TECHNOLOGY OR A REVISION IN POLICY OR THE WAY THINGS ARE DONE IN THE PHYSICAL WORLD COULD BE BETTER SERVED. THANK YOU ALL IN ADVANCE!

Not sure how to do a proper update or take an ad down, however I did successfully post this twice originally lol, in turn Ill paste this exact update on both post. I apologize for not updating my profile yet (as my estranged partner was tasked with profile completion when we first started profile) and my 3 week late update on this property. In less than 1 week on BP and CL (with mimimal views I might ad!) I recieved 14 phone calls on the property, 7 of which are Principal buyers, 4 of whom are local to the Realtors to the subject property and only one of the 14 was a "Crazy". I elected to pursue business with the 4 local Realtors, I recieved formal offers from all 4, 2 of which were for purchase without a interior tour, and 2 at my asking price. Non of the offers came in below 10k less than asking. So needless to say this property is no longer available!

Not sure how to do a proper update or take an ad down, however I did successfully post this twice originally lol, in turn Ill paste this exact update on both post. I apologize for not updating my profile yet (as my estranged partner was tasked with profile completion when we first started profile) and my 3 week late update on this property. In less than 1 week on BP and CL (with mimimal views I might ad!) I recieved 14 phone calls on the property, 7 of which are Principal buyers, 4 of whom are local to the Realtors to the subject property and only one of the 14 was a "Crazy". I elected to pursue business with the 4 local Realtors, I recieved formal offers from all 4, 2 of which were for purchase without a interior tour, and 2 at my asking price. Non of the offers came in below 10k less than asking. So needless to say this property is no longer available!

@ Cal C. I get it. The point was to encourage unguided conversation regarding the question; which is a proven mwthod of research, let those answering frame thier the specifics THEY think should entail their answer, and see what the general concensus are. Questions like these are good, as the responses help people understand if their specific motive can be served on the forum, which should in turn limit inappropriate request.

I think every member here is a superstar, being a quasi tech guy, this is one of the best member regulated sites that exsist. There will always be an unbiased member ready to jump in an offer guidance. And the MODS do AN EXCELLENT JOB NOT MAKING IT ABOUT THEM. Sure they may have product they sell or subscriptions, but the stuff actually has value, they don't force it on you, abd it doesn't upstage the sites core function.

Ps, I was just adding to your statement, confirming I agree with your POV and adding to it!

Forgive my grammer, Galaxy 5 spell check is working against me tonight, lol.

Looking at the responses I think the question should've been asked more concisely, ie "what dollar amount of profit have you made or funding have you raised DIRECTLY with other Biggerpockets members you've initially met on the site?"

Having a background as a consultant in several fields, I must agree with the majority. As a consultant I expect to be paid for my time, this is non negotiable, performance clauses are a must, but I cannot force a client to listen to me or take advantage of the plan and position I put them in.

Essentially BP is invaluable, members are allowed to basically "consult" AT NO CHARGE with industry vets, that my frien is priceless, it's up to you to monetize the info for profit or to combat losses.

In my humble opinion...

Oh, and dont worry about it being your first, investors are people, sharing your credit report to a potential investor is no different than what youd have to do to acquire hard money, so use that to youre advantage. Share with them tour other business experience. People generally understand, whether its lemonade, cars, homes, small boutiques if you've dealt with a level of responsibility in one area you generally can be trusted to remain honesty and ethical. And thats half the battle. 

I've raised more money than I've made, lol. Partnerships in most cases are great, because you can return to the well if needed, for better or worse. I like (and so will your future partners) that you have "skin in the game", that is probably your biggest selling point...and yes solicitation of partnership has every bit to do with sales as marketing a home on the MLS. You're also, from what I can tell articulate and transparent to a fault. I think you're asking the wrong question. You should be asking WHERE to find Investors, other than that the only quality I'm unsure you possess is charisma. If you STAY LOCAL, Craigslist is good, heck even your local starbucks, or luxary dealership is good. If you spend a week hanging out where investors hang, and using the antiquated method of simply saying hello and passively shooting your pitch, you'll have a partner in no time. If you really want to fast track it, simply visit your areas real estate professional meetings, breakfadt etc. Pound the pavement. I prefer the former as people outside of real estate will typically accept less aggressive returns, and sometimes on an annual bases, allowing you to turn over the principal invest several times over. Just remeber even with the most solid investments, squat happens so always under promise and over deliver...

happy hunting