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All Forum Posts by: Lokesh W.

Lokesh W. has started 23 posts and replied 155 times.

Post: myFICO.com score. Is it accurate??

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8

I called several credit repair companies and they told myFICO score is the actual credit score. One of the credit repair companies told that Credit Check Total dot com could be giving the business credit/loan companies a cheaper rate for credit checks and that’s why these companies recommend Credit Check Total.

Post: myFICO.com score. Is it accurate??

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8

I pulled out reports from Credit Check Total dot com. The score on Experian was lower by 70 points. For Trans Union, it was close. Well, I can see why business credit companies recommend a particular company - possibly they are getting some affiliate commissions.

Post: myFICO.com score. Is it accurate??

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8

Travis Sperr, Ned Carey, Russell Monson,

I will try out another company. It is hard to believe that MyFico would increase the actual scores by 60 points!

The business credit company recommended credit check total dot com. I will try this out and see.

Post: myFICO.com score. Is it accurate??

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8

I got my credit scores from myFico.com. My scores are as follows:

TransUnion: 773
Experien: 778

I called one of the business credit companies because I am thinking of obtaining a business loan and the manager told me that MyFico reports inaccurate scores. They are usually 60 points more than the actual score because the credit score companies like TU and Exp pay them a monthly fee. If ordered a credit score from Experien, then my score would report 60 points lower (Ex. Experien Score would be 718 instead of 778). Is that true??

Before I go crazy ordering credit scores from various companies, please let me know if you (or someone you know) have experienced this is different credit score companies. Should I order credit score from other companies??

Any suggestions are greatly appreciated!

Post: Peter Conti and Jerry Norton's $10,000 FINDER'S FEES!

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8
Originally posted by James Gefke:
Hi Lokesh,

I really can't comment on that program specifically but don't really understand why one should have to pay someone else money to find them deals. Seems kind of backwards to me.

Most likely their program will give some formula on how to evaluate properties and they can simply reject deals you bring them if they don't like them. You can find out plenty of similar info on this forum for free.

I am an investor in Milwaukee and I will gladly pay you a finder's fee of $10,000 if you negotiate a good enough deal that leaves enough spread for that to occur.

I agree with you. I promised my realtor that I would ask other investors' opinion hence I asked in BP :)

I work in Madison as a computer consultant so the RE work I do is in Madison. We can find properties in Madison. I will PM you...

Hi,

My realtor wanted to enroll into this program of Peter Conti and Jerry Norton where they would offer a $10,000 finder's fee for finding properties for rehab. While I had posted a question about their Residential Backflip program and did not get a good feedback, I wanted to post this for my realtor, who is curious about the program.

In this finrder's fee program, we have to buy some prodcuts from them for $1000, which will list some criteria about the properties and pay $7 a month to stay in the program. Once we find a property, they will rehab and resell it. We get a finder's fee equivalent to realtor's commissions.

Anyone tried this system (or someone you know tried this program)?? PLease provide feedback...

Thanks

Post: stacy Kellams meter drop method

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8
Originally posted by Lily Chen:
I bought it and I am trying it out. Instead of selling leads to others I plan to use them myself since I am a realtor & beginning investor. Without giving it away, i will say it has to do with searching for bankruptcy filings and identifying the homeowners. It's another source of leads. The program does give you some marketing templates but I just use my own yellow letter. It also has a section on how to get lead buyers. Your mileage may vary.

Thanks for the info. In that bankrupcty website, a good number of them are renters.

Before when I was doing short sales, I used to get bankruptcy homeowner leads and I have sent postcards. Not much luck with that. A couple of homeowners called back to enquire about how I can purchase their property but that never converted into a deal i.e. the homeowner was NOT interested. Do you feel Stacy Kellams' marketing method to bankrupcty homeowners is something unique that has better chance of acceptance??? Currently, I am looking into doing lease options (selling properties on rent to own basis) and I need some more motivated seller leads.

Post: stacy Kellams meter drop method

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8
Originally posted by Keith Lutz:
Looks like an Internet marketer to me! try and leave the page and get a $30 discount... woo-hoo!

Lately, every real estate course is like that. I you try to leave the sales page a couple of times, you will see the deeper discount...

Has anyone tried the system? If there are motivated seller leads, then they are great!

Post: Sean Whalen and property 23

Lokesh W.Posted
  • Milwaukee, WI
  • Posts 163
  • Votes 8
Originally posted by Kyler Rice:
working under a new name now http://marquisinvestmentproperties.com/
and was blue mountain group before property 23

Can you please verify this info? I checked out their website. It shows that the CEO is Chad Deucher and not Sean Whalen.

Nerissa Vento,

I have Dave Lindahl's and Ray Alcorn's course. Both seem good. I read them at a high level. Since I am currently focussing on single family lease options, I have not tried to implement the multi-famly real estate strategies.

In one of the real estate lease option bootcamp, I met one of Dave Lindahl's students. He mentioned that Dave's course is good but whenever the student finds a private lender, they have to share their (private lender's) contact with Dave's office so the students at Dave's office also can contact this private lender for their deals (Dave's private coaching student's deals) as well. I'm not sure if this is good thing or a bad thing. Dave's office told this student that they will jeopordize his deal. How many of you will share you private lender contacts with others??? Any new student will not be comfortable sharing a private lender info with others.

I like Dave Lindahl's books - Multi-family Millions and Emerging Real Estate Markets.

I believe both Dave and Ray are actively involved in doing real estate deals and thier knowledge is current, which is good thing when compared to some gurus who have not done a deal in the last 10 years.