All Forum Posts by: Jaša Rot

Hello!

My name is Jaša but feel free to call me Jack.
During my wholesaling "career" I had found a couple of guys who are fix&flippers and are looking for capital.

Therefore, I am looking for private lenders that would be ready to help me out here because I unfortunaltey have the funds yet - hence I started wholesaling due to low investment-high reward ratio.

I am more than happy to present the idea - please reach out (925) 209-2248 or [email protected]

Thank you!
Take care,
Jack

1 Vote

Los Angeles County, California

Quote from @Josh Klein:

Hi BP,

I’ve been active as a real estate consultant and fix and flip investor for about 10 years now, but I’m now expanding my hard money fix and flip lending business. I’m hoping to attract experienced investors and/or new investors who might otherwise not qualify for traditional financing. I operate in the Indianapolis market and have a general contractor on the ground that does phenomenal work. I’d love to connect with anyone in the market!

I've sent you a DM

0 Votes

Indianapolis, Indiana

Quote from @Ryan Coon:

If by "contact the agent" you mean the sellers agent, then you are going to run into conflict of interest issues with the agent. You can bet that the agents agreement with you to lowball the seller (the agent's client) is a conflict of interest for the agent and a breach of the agent's fiduciary duties to the seller. Thus, any real estate agent who values their license and does not want to be held personally liable for losses in sales price on the property will run the other way if you contact them with such an offer. And to be frank, they would be right to do so.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, or financial advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Yeah, I was thinking the same. They would be in conflict of interest, however, I still wanted to ask just to see if I think in the right direction

0 Votes

Grand Rapids, Michigan

Quote from @Nicholas L.:

Hello - that will not work in 99.9999999999999999999999999999999999% of cases

Can you house hack instead?

Good luck

Thanks for your reply.
I cannot house hack at the moment because I do not own any property yet. So, I focused on wholesaling because it is a low investment strategy with nice profit margins if I put enough work into it

0 Votes

Grand Rapids, Michigan

Hello!
I am Jaša and I am wholesaling real estate. It is said that wholesalers shall avoid on-market properties.

However, I had the following idea:
is it possible/legal for an agent to work as a JV partner with wholesaler?

For example, I see a listing that has been listed for 100 days. Then I would contact the agent and honestly tell them that I am wholesaler and if they want to work with me. We would low-ball the seller, lock it up and assign it and at the closing split the assigning fee 50/50.

If I run some numbers, the agent's fee would be way higher than usual 6%

Thank you for your help.
Jaša

1 Vote

Grand Rapids, Michigan

Hello,

has anyone thought about European markets?
South of Spain would be my first thought due to high volume of tourists. And then of course France and UK but they seem more expensive.

1 Vote

Quote from @Chris Williams:

Quote from @Katie Holmes:

Jealous you're off to New Zealand! How amazing! I try to automate as much as you can so you don't have to worry about time zones, etc. Best of luck!

Yea time zones is something I have thought about. I am not 100% on NZ I am also looking at Iceland, Norway, Switzerland and Australia. I am thinking it wouldn't be that much different than being out of state outside of the time zones. I live in Missouri and work in the ATL market.

If you do not live in Switzerland, you cannot own property there because they are trying to limit foreign investors that buy properties and then keep them vacant.
You need to get a residence permit first, and then use it as a proof and buy property afterwards.

0 Votes

Hi, this might be a little bit off-topic, but let me know if you are interested in rental market in Madrid, Spain. I am based there and can help you as boots onthe ground

0 Votes

Quote from @Rick Pozos:

I think you just found out the hard part, which is to find the lower interest lenders. Most people do not want to lend out money at 5% or 6%. Sometimes even 7 or 8% lenders are had to find for 3 or 5 years much less for 15 or 30 years.

exactly

but im sure its possible because people are doing it

0 Votes

San Jose, California

Hello Marshall,

thank you for your reply.

my idea was to sign a trust deed and promissory note with the borrower so that the loan is secured by collateral. And then I would use trust deed and promissory note to get a loan with lower interest rate

0 Votes

San Jose, California

All Forum Posts by: Jaša Rot

Jaša Rot has started 4 posts and replied 11 times.

Post: Looking for Private lenders

Post: Expanding My Lending Business

Post: Working with wholesalers

Post: Working with wholesalers

Post: Working with wholesalers

Post: What about EU Market?

Post: Doing Real Estate out of the US

Post: Doing Real Estate out of the US

Post: Arbitrage in private lending

Post: Arbitrage in private lending