Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: James Jett

James Jett has started 1 posts and replied 12 times.

Post: Wholesaling On-Market Properties

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5

Thanks!

Post: Wholesaling On-Market Properties

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Jerryll Noorden:
Quote from @Hector Rivas:
Quote from @Jerryll Noorden:
Quote from @Hector Rivas:
Quote from @Nicholas L.:

wholesaling on market is not a beginner strategy.


So what do you recommend? Also Is receiving POF's from a HML or PML not recommended in your opinion?


 What the Gentleman said above me is not correct.

Wholesaling absolutely can be an entry to the business strategy. It just isn't a "I don't know anything yet but do it anyways and expect to succeed" strategy.

I started with wholesaling and I do multiple 7-figures a year. So never let anyone tell you no.

Now,  you do need to be honest and fair with yourself.

If you are going to try to play the system, then don't!

What do I mean by this?

What does a POF mean?

Proof Of Funds.

You need to show proof you have funds. Do you? You are asking the forum how to falsify you having funds. That is playing the system. THAT is what you should not do.

Get the funds, THEN submit a POF. That is cool!

Understood?

Transactional Funding. Look into that!

And leave MLS to the agents. Go find off-market deals.


What is transactional funding?

If I’m going to wholesale off market properties what is the best form/way you have found off market properties?

I appreciate the honesty man I really do. I was going to get started but then I see multiple other stuff pop up that can lead to big consequences and I’m glad it has popped up before committing a big error.

 Of course my dude. No problem.

Imagine borrowing money just for a day. Get the deal closed, get paid from the deal, give the money back, keep the left over.


What if I'm doing off market and the seller doesn't ask for POF? Is wholesaling OK then in your opinion?

Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Jay Hinrichs:
Quote from @James Jett:
Quote from @Jay Hinrichs:
Quote from @James Jett:

@Jay Hinrichs

I was presented with the Renatis plan also. I would have only done the $2000 Essentials program and split that with a partner. $1000 Investment for me and the community that comes with it.

Since you don’t recommend this kind of thing what would you recommend for someone starting out who wants mentorship?


 for a cuople grand and you split it that seems very doable.. Just dont want to blow 20 to 40k ifyou dont have that money and its just a small fraction of your cash reserves. 


 Thanks for the quick response! It’s there another mentoring and community situation that you would recommend? I’m in the Chicago/NW Indiana area


 Look up Brie Schmidt in Chicago  she runs a big meet up.. 


 Thanks, will do! Do you know of anyone in NW Indiana also?

Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Claudiu Peter:

Hello BP community ! Just a quick clarification for all that put the weight in their feed back as the "EDUCATION". 

Before i start I DON"T SELL NOTHING TO NOBODY < JUST MY EXPERIENCE IN THE DAVIE,  FL COMMUNITY!!!! If you see it / or experience a different way well i sure is possible! However I am not a "Cheerleader" and i wont be one , but i learn to cut to the noise and find the best of each situation ! so here we go the results 

YES Renatus is an Education company and yes it cost money and perhaps you could find at least 50% of the info online... But you are all missing the point in Here .. you are not paying just for the Education/ Information you are paying is not just for the education (Even if all their instructors are Accredited Investors/ Practitioners , and they are making the money in the same field that they are teaching **** Google any of the names in the list and you will find successful business owners, lawyers, CPA, Financial Advisors , ) is for the communities (more the 40 + communities deal all over US) . You are paying for the support oft he Company communities and even more... ( Contacts, forms, properties, all successful members cell phone ( my fav one - any time o got a question i got a local person can meet me and check on the deal together ) ( JV for deals) .. or EPIC E.ducation , P. roperties , I.come , C. ommunities . .. And yes you could invest the money for a deal ... but lets be STRAIGHT . with 2k you get the basic education / foot in the door. How many deal you can get with 2k? let me just tell you like this i paid 2 k.. the first 2 mo i recover my money with their Referral program and last and most important i got 2 deals as flip and 3 wholesales in 2 year all inside of the community ) all of you just ... PURE MATH! ... Give me you feedback i got plenty of Proven facts and Tax Returns to prove every work i said


 So you're saying that the "2 deals as flip and 3 wholesales in 2 year all inside of the community" were while you still were only on the Essentials for $2K? 

Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Jay Hinrichs:
Quote from @James Jett:

@Jay Hinrichs

I was presented with the Renatis plan also. I would have only done the $2000 Essentials program and split that with a partner. $1000 Investment for me and the community that comes with it.

Since you don’t recommend this kind of thing what would you recommend for someone starting out who wants mentorship?


 for a cuople grand and you split it that seems very doable.. Just dont want to blow 20 to 40k ifyou dont have that money and its just a small fraction of your cash reserves. 


 Thanks for the quick response! It’s there another mentoring and community situation that you would recommend? I’m in the Chicago/NW Indiana area

Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @James Jett:
Quote from @Earl Co:

I am financially savvy and frugal, and although I already have two years of experience with two multi-family short-term and long-term residential rental properties, I recently bought a Renatus education package because I found value in the local network and the education itself. I don't know what I don't know and the lessons I learned so far have already paid for itself. A lot of content from other companies don't go into as much detail or don't provide enough value for the cost. I'm previously self-educated but the Essentials package I signed up for has been so far so good that I will be getting the Advanced Investor Training packages soon. I've saved more than I've spent from the lessons I learned in taxes and the more hours I did not have to spend with a CPA. There are things I learned that I'd have to spend countless hours digging through YouTube and BiggerPockets to find something reliable. At least I know the info I'm getting is good.

People are mentioning the (COMPLETELY OPTIONAL) network marketing side of the business but in reality I'd rather a company pay its students to share their experience than spend 70% of their revenue on advertising. You do not have to market the education to become successful in real estate investing; the education itself helps you keep and grow your wealth. That said, I can't help but recommend it to people I meet who want to get involved and do what I'm doing, because they provide a business system that works. Real estate is a team sport and your network is your net worth so the more people you interact with, the more deals and partnerships you can make. That said, I always encounter people who always wanted to get into real estate investing but did not know how nor did they have the time, patience, resources, and self-discipline to do research on their own. Especially for those people I meet, I can now recommend an education service that works.

Renatus is not accredited by the BBB, meaning they did not pay to get the A rating. BBB doesn't take complaints down, they keep it up along with the status and resolution. As in any investment, do your own research and read every review. The company has nothing to hide, and that's one of the things I like about them. I paid for a product and got more than what I paid for, so overall I am very happy with my purchase. Feel free to message me if you have additional questions and I'm happy to provide more clarifying information.


How much value did you get from the Essentials package? Did it help you do deals? I am considering getting the Essentials and the networking with the local group until I can get my first deal. Do you think there’s value in doing that?

Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Earl Co:

I am financially savvy and frugal, and although I already have two years of experience with two multi-family short-term and long-term residential rental properties, I recently bought a Renatus education package because I found value in the local network and the education itself. I don't know what I don't know and the lessons I learned so far have already paid for itself. A lot of content from other companies don't go into as much detail or don't provide enough value for the cost. I'm previously self-educated but the Essentials package I signed up for has been so far so good that I will be getting the Advanced Investor Training packages soon. I've saved more than I've spent from the lessons I learned in taxes and the more hours I did not have to spend with a CPA. There are things I learned that I'd have to spend countless hours digging through YouTube and BiggerPockets to find something reliable. At least I know the info I'm getting is good.

People are mentioning the (COMPLETELY OPTIONAL) network marketing side of the business but in reality I'd rather a company pay its students to share their experience than spend 70% of their revenue on advertising. You do not have to market the education to become successful in real estate investing; the education itself helps you keep and grow your wealth. That said, I can't help but recommend it to people I meet who want to get involved and do what I'm doing, because they provide a business system that works. Real estate is a team sport and your network is your net worth so the more people you interact with, the more deals and partnerships you can make. That said, I always encounter people who always wanted to get into real estate investing but did not know how nor did they have the time, patience, resources, and self-discipline to do research on their own. Especially for those people I meet, I can now recommend an education service that works.

Renatus is not accredited by the BBB, meaning they did not pay to get the A rating. BBB doesn't take complaints down, they keep it up along with the status and resolution. As in any investment, do your own research and read every review. The company has nothing to hide, and that's one of the things I like about them. I paid for a product and got more than what I paid for, so overall I am very happy with my purchase. Feel free to message me if you have additional questions and I'm happy to provide more clarifying information.


Post: is Renatus the Real Deal or a Scam?

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5

@Jay Hinrichs

I was presented with the Renatis plan also. I would have only done the $2000 Essentials program and split that with a partner. $1000 Investment for me and the community that comes with it.

Since you don’t recommend this kind of thing what would you recommend for someone starting out who wants mentorship?

Post: Looking To Connect with someone in Chicago/NW Indiana area.

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Doug Spence:

@James Jett You should connect with @Jonathan Klemm and @Lucien Perreault. They're both active in the Chicago area and do meetups!


 Thanks!

Post: Looking To Connect with someone in Chicago/NW Indiana area.

James JettPosted
  • Investor
  • Chicago
  • Posts 12
  • Votes 5
Quote from @Nicole Heasley Beitenman:

Go to your local meetups! You can find them here on BP, meetup, Eventbrite, and Facebook.


 Thanks!