All Forum Posts by: James McGovern

I am seriously lacking good deals being brought to me. I am typically seeking single and multifamily (commercial) deals with no structural issues and I use ARV * 0.70 - Rehab to calculate the worthiness.

The wholesalers I run across in Connecticut continue to bring garbage to me.

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99.99% of " wholesalers " are full of BS. You need to market for end users. YES vet them. I never even send a prop without talking with the buyer and seeing a POF. I have had clowns try and sell me my own property,

All the best

Tread carefully with this type of guidance. As a known investor, I am not certain that I want to go back and forth with a wholesaler to prove myself without having a viable deal on the table.

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Lexington-Fayette, Kentucky

Can a Commercial Real Estate Agent explain why a buyer of a multifamily apartment pay high interests on a property with a current low cap rate?

1 Vote

Hartford, Connecticut

I have flipped four houses and have never gotten an inspection. I believe it is important as an investor to develop an eye for inspecting real estate

1 Vote

Quote from @Michelle Masters:

I'm seeing wholesalers here in AZ asking 80% ARV flat (no reduction for repairs). Even a light cleaning would take at least 1 month of holding + closing costs on both sides. Almost every "deal" that's hit my Inbox needed $45K to $60K in repairs. I've started asking myself, "Who's training these folks?!?!".

seeing the same thing here in Connecticut.

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Phoenix, Arizona

Welcome to the layoff club. I worked for Oracle as was also laid off in July. I know the feeling.

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So what can a landlord do proactively to convince their tenants to not participate in the creation of such laws?

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Worked as an Executive Architect at Oracle until impacted by mass layoffs

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My intention is to for once and for all shut all these gurus up and enlightn you all with what truly works and what is just luck!

Takers?

GO!

What is the secret to finding wholesalers in Connecticut that have correctly priced deals?

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I know of several foreclosures that did not sell at auction and would like to contact the bank directly. I cannot identify any direct contact information. Is there a master list of banks and contact information anywhere?

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All Forum Posts by: James McGovern

James McGovern has started 116 posts and replied 326 times.

Post: Is it worthwhile for me to encourage out of state wholesalers?

Post: Finding Buyers as a Wholesaler

Post: Can a Commercial Real Estate Agent explain why a buyer of a multifamily apartment?

Post: Do investors get home inspections?

Post: Are you wholesalers asking too much?

Post: Is Pace Morby a Scam?

Post: Best Practices for Political Activism

Post: What was your regular day time job while you started acquiring properties?

Post: Want to learn Wholesaling , Lead Generation The Right Way?

Post: How do you make contact with the Bank REO Officer