All Forum Posts by: James Yoder

Is it legal in Indiana for me(investor) to advertise that I will pay someone a "finders fee" for referring someone to me who wants to sell me their home? I wouldn't pay them until after closing and would disclose that.

I've attended one REIA meeting which was last month. IT was HUGELY beneficial, and I think I was pretty lucky that I went to that specific meeting as my first one. Made some connections that have helped me over the past month, and will go back when I can.

I do prefer more of a smaller group though, like 5-10 people, coffee and food at hand! I'm available on Wednesdays and Sundays, Saturdays do not work well for me. I'm down to meet up with anyone and just talk REI, our market, opportunity, etc. Message me on here for my cell number or email me, contact info is on my profile! I live SW Fort Wayne.

Camilla Sauder, pm'd!

Thanks @Brett Snodgrass! Need more interest from us Hoosiers! 

Thanks @Joshua D.!

Where you are is definitely encouraging! Keep getting it man! 

Welcome @James Warren! Just like you my interest skyrocketed after reading RDPD! About to start Cashflow Quadrants this weekend!

The way you look at your finances, and really past decisions is wide eye open. I'm at similar stages as you and honestly feel the same about my future from here on out. Hustle!! I'm hungry 😋 

See ya around! 

What @Austin Fruechting said about "House Hacking". It already sounds like you might be taking advantage of this type of financing. 

Only if I knew what House Hacking was four years ago before I purchased my first personal residence...😩

@Mitch Messer, he gladly gave me a list of three people to talk to. All said positive things, and insured that for what you receive it is well worth the money spent. One "mentee" said one of his major take-away was he learned how to run an actual business, and that he was actively doing deals outside of the course because he had three years of experience prior to taking it. All of them said there is tons of value there, and that he makes himself available whenever you need assistance with a deal or even someone to come along to a showing. They all said "It is a rewarding course if you listen and apply what he tells you.". Two of them were currently being coached and the other was a colleague that has known him for over ten years. I did some investigating into his business as well, idk how accurate Manta is but they stated his company's annual revenue at $321k.

@Larry Turowski, I completely agree! A huge part of wanting to do this is because he is doing what I want to do, so we will be speaking the same language, and I can apply everything from the get-go.  

I believe you search public files or your county assessor for their address which will bring up the owners name. Not sure if that includes phone numbers. Then search names in white/yellow pages and social media for possible contact information. 

I'm new so I'm just throwing out a semi-educated guess here lol.  

A local successful investor/mentor was referred to me by our REIA. The program is $2,000 - it consists of a one-on-one session per week which last 1-2 hours. He walks you through your deals step by step, and includes you in on his own personal deals. He will go to showings, make offers, negotiate, and go through pretty much the whole buying process with you. I'm responsible for finding funding. He says you should have three buy-n-hold deals by the end of the year. He focus's on a lot of owner financing, and other techniques to keep you from putting money down if possible, or little money. He specializes in multi-family and mobile homes which is the niches I want to focus on. He helps set up your business entity. The three deals are a minimum of $300 cash flow, and the cash flow for the first six months are split 75/25, 50/50, and 25/75. After six months I get 100% of the cash flow.

He's recommended by the gentleman who runs our REIA, but three other investors here locally have not heard of him. I met with him yesterday for our first introduction session which was free, and he didn't try to over-promise or over-sell his course. If I have at least three properties by the end of the year averaging $900 of cash flow, the education, and potentially having him on my "team", then I would say the value is there.

I am where I am today because I've had mentors, and it really helps with efficiency and speeding up the process. I know there is "free" information out there, but I think there is value here for the money spent. Any advice or questions I should ask before committing?

What worries me is some other local investors do not know of him, but our head of REIA recommends him which carries some weight I would think. After meeting him yesterday he seems like a hustler, but very reserved, and low key.