All Forum Posts by: James Staples

Hi Jason,  I live in Clarksville TN.  I do not have alot of important skills or experiance as I am just beginning.  i want to focus on Wholesale and Tax liens, as well as Notes. i join the Charter Financial note Brokering but due to a medical tsunamie have not been free to do anything till now.  i would like to discuss with you to see if there is anyway we could be of value to each other.  i and my wife especially go through R/E listings daily and often find really good deals but have no clue how to bring them into making money. But I want to learn. Hope to hear from you.  Thanks  James

Thank you for your service Kyle. I too live in Clarksville TN. and am brand new to R/E. i also just want to do wholesaleing, Tax Properties, and notes. I am wanting to join a group of people or be mentored. one thing I wish to do regardless of help or assistance is to start an LLC in hopes that other people, experianced or not, will be willing to become a part of it in order to build themselves and their goals and dreams with it. i have finally cleared up some financial issues and have money to work my first property, but am kinda clueless and hope for some local mentoring. i have seen alot of amazing deals go to others because I do not know what to do really. I look foreward to meeting you and hope we can build a good foundation for you new life.

I think one of the first and most important thing for me is to have my credit repaired,, living under $30k per year, and crushed my medical desasters has really wrecked what should be the most basic articles of prosperity.  I have used homeloan assist-  they were ok till the end.  I am wanting to know if anyone has better companies in mind.

Thanks

My name is James Staples V .  I live in Clarksville Tennessee.  I am 56 y/o and have been on SSD for 20 years.  i am married, my wife  [ 60 y/o ] is also disabled due to no kidneys and is on Home Hemo Dialysis, but she spends hours everyday looking through real estate , and though we have found several great oppurtunities, we have no been able to capitalise on them due to out low income and crummy credit ,  [although when i moved here i had 621 score until when I tried to refi through Loan Depot, they really messed me up and I am not sure what my score is now.]

I think the first thing I need to do is repair my credit as best as I can, as well as see what kind of assets and value I have to help me get the investing process going. [ kinda long story packed with lessons there]  

Due to a small windfall we have $5,000 earmarked for beginning real estate investing in hopes of getting our of our crushing poverty trench.

I want to begin by doing non rehab wholesaling,  but am also wondering if Tax Lien investing might allow me more bang for my few bucks.  I have tried to research the concept- but for some reason find it confusing.  I think it is just the presentations because it just does not seem like it should be that difficult.

If there is anyone who feels they can assist me in learning and puttingthings into action I would greatly appreciate being contacted.  I am home 24/7, have lots of time to put into work.  I think I would do better with hands on and personal training as I get distracted when going through Web videos etc.   I am sure one I get the "Mechanics and processes"  down I will be ok.  I have been to college, am reasonably intelligent,  chronic reader and studier,  just late getting to the party.

Thanks

James Staples V

I am in my mid 50's.  I have $5k set aside to begin R/E  Investing.  I want to do Wholesaling, just simple find the property, flip it to a rehabber.  This small bit of money is all I have to get going,  I am disabled and desparately want to get out of the  "under $25k"  economic prison cell.  I live in Clarksville Tenn.  I also feel to look into Tax lien property working but for some reason find it confusing.   Please help me if you can.

  I also wish to begin by  Fixing my credit, and gathering whatever Assets and value I have.  i have missed several great oppurtunities by not knowing what I had to work with.

Thanks

James Staples V

This is kinda a weird query. but what is your favorite email source for doing biz. Yahoo, Google outlook ? They all have things. In your experience and opinions which has the most for your needs on a free basis.  I like Google and Google +  but thinking maybe I should look outside my box just in case.

Greetings;

I have been here for abit, trying to learn Wholesaling, and trying to get going. Had such a golden oppurtunity slip through my grasp and do not want that to happen ever again. It happened mostly due to my attempt to get a Refi through  LoanDepot.com.  [WHAT A CREDIT WRECKING NIGHTMARE OF FAILURE !! ]

Anyway- yesturday i was surpised by an unexpected " 'cuz I love you dad'   gift "  from one of my sons of a brand new HP laptop. 

I have decided I want to dedicate its use for the Beginning, Building, Growing, Prospering my Wealth Stream of Real Estate Investing.

Other than wanting to begin with Wholesaling; I have not done one deal yet, but would very much appreciate a chance to be mentored by someone with experience in the Art, and learning how best to use this laptop as a power tool I believe it can be. i am not really awesome in the computer field yet, but trying and needing to learn.

I would appreciate anyone in Tennessee and or more specifically the greater Nashville-Clarksville area who would be willing to help or mentor me in how to accomplish this.

I have been on SSD for 15+ years, and this month had a surprise $700 reduction [just for this month] for some unknown reason, and i am so sick of it. I was delicate before- struggled hard to get me and my credit to where I could begin doing something, and now feel like some giant money vampire has decided to feed on me. i can't do this any more. i have a wife with no kidneys and on home hemo dialysis 5-6 days per week 6-8 hours per treatment, and getting unwanted pay cuts is no way for a 54 year old to live. I am willing to work, and work long and HARD. But most importantly, I Want To Work SMART !

Thanks ever so much.

widows son

AH, ok excellent! betting that was part of my problem(s).  Thanks I will get right on it!!!

I am trying to find a way to lessen the effect of my 664, somewhat scarred credit so that I can obtain whatever  financing I need so I can secure a property flip it, pay  back the funding, then move on to the next.

About 6 years ago I was working on a project with some guys and we agreed I would pay for a corporation formation, then we would all go in on our own specialties for the project. I knew that if we had a CFO with a 640 score, he could apply for the business funding without any of our low scores being an issue [the proposed CFO was very well off and above 750 score]. As soon as I got the Corporation in the mail,, everyone backed out; and the entire project crashed. I was only out $400, including the cash I put in the bank. But it was an S corporation, i didn't know the differance.

So I am wanting to form a LLC, in hopes I may be able to have it provide something which will assist me in obtaining the funding I need for simple wholesale flips ; since my 664 but dinged up credit seems to be a barrier for finding funding.

I am not looking to make alot. Actually, I am allowed to make $700 per month on my SSD and not have it affected. $700 per month would be huge fat city living for me, as well as it would help me pull all the dents out of my credit in a short year. If there were others in the LLC, anything else of proceeds could be piled into it and divided among whoever is involved.

The first flip i have targeted is $24k but cash only. Its appraisal is $65k, we could flip it fast in this area for $50k, leaving some equity for the buyer. But until I find away to bypass my credit, I go nowhere.

Would an LLC help me in this issue? I am wanting to avoid snags in the future as the area I am in has hot and fast wholesale and rehab flips if someone has cash in hand.

 Wow was I pissed!  Thanks Brian, I will.  As for education, can't get too much more, just needing a mentor and financing for an excellent flip I am hoping won't get grabbed up before I get it. That was why I was so upset. Funding for Flipping contacted me and said "no your credit score isn't an issue we just pull it for a formality"  then thwwack!  Thing is, the very issue they did not like- would be permanently solved with this one flip. Somehow they think disabled impoversihed people whoo have had their life and property stolen out fro under them by conmen and medical disaster are going to have perfect credit-(my 664 was not good enough for them). i just had a renter find a loophole and sold my 80k property out from under me, at the same time my wife with no kidneys was nearly killed by her Dr.-  yeah- we have some nicks in our report.

  but i have simmerd now and have a plan and when I get to the point I am advertising to help finance and mentor people- of course I cannot take them all, but when i say credit does not matter and you can use my cash to get going- it will be very easy and heavily provable. The world is broken and suffering, the 4 Noble Truths and Noble 8fold path is a financial work available to all who have the morality to apply it.

I am looking foreward to it. Underdog- will go from my favorite cartoon to my favorite In your face Corporation- never more will those who are willing to reach up for a hand -up and not a hand out be shamed and slapped down by some discrediting and character assasination of credit bureaus.

Just gotta get this machine kick started. This WidowSon is stoked with terminal victory attitude. So Mote It Be!!!