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All Forum Posts by: James Williams

James Williams has started 3 posts and replied 66 times.

Post: Davidson Students and Local Investor Meetup

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

@Ramon Sorto there are several local meetups. Go into the BP meetups and put in Charlotte and you will see several. @Chris T. Hosts a great one every first Tuesday at Resident Culture Brewing. I won't be there this month but it's a great group.

Post: Any experience w/ Max Maxwell's "REI" Rail lead generation?

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46
Originally posted by @Tracy D. Garrett-Numa:

@Felando Merriweather thanks for the response.  I think i will get propstreem as well. 
Has anyone used Rei Rail lately.  Has the bugs been worked out 

I just started with it and it seems to work pretty smoothly. Does exactly what it says it will do. Only thing I have not figured out are the landing pages.

Post: Any experience w/ Max Maxwell's "REI" Rail lead generation?

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46
Originally posted by @Iven Stevenson:

I’m going to start at the end for Feb 2020. I’ll keep you all in the loop of what’s going on.

I just started it a couple days ago. I had been considering for a couple months and decided to pull the trigger. I went into it with eyes wide open and realizing that this is ground breaking software and it will take time to fine tune. In fact, it will constantly evolve throughout the life of the product. 

That being said, my experience so far has been good. I think people should manage their expectations. I listened to Max talk about the product many times and one thing he always said is that they use RVM as a supplement to cold calling. It allows for one more potential point of contact. I have chosen a 4 part marketing approach. SMS, RVM, cold calling and targeted direct mail, (particularly for leads that o did not get a number for). I love that I can pinpoint which numbers are not cell phones or numbers that RVM works for because I can focus on those and use the rest for SMS and RVM. I love the feature that gives me the caller and property info as calls come in. My test campaigns have shown a pretty good response rate. I believe I will be able to convert 1 or 2 deals out of every 1000 VM drops. I'll take those numbers considering the time saved on making all of the initial calls. 

I will come back and update my results!

Post: Charlotte Newbie - Where to start??????

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

I love my Charlotte peeps!

Post: New Member /w Questions (Charlotte, NC)

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

You may actually have an advantage. You are able to view every home objectively. Make every decision without emotion. 

Post: Looking for a General Contractor in Charlotte, NC.

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

I definitely have a great one for you. I will message you.

Post: Why are my friends so against me investing in Real estate?!

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

@Russell Brazil PREACH!!!

Post: RVM drop Question from a newbie

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46

I can't believe you didin't get any responses to this.

Post: HELP!!! Deal financing issue!

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46
Originally posted by @Odie Ayaga:

6.5 points sounds extremely unusual to me as well. How many lenders have you asked about this? As a loan officer 4 tends to be the cap unless there are extenuating circumstances.

Its definitely extremely high. Plus an additional 1.5% a month interest. That is the price you have to pay for anyone to risk 100% financing on a rookie with insufficient reserves. It actually makes sense to me. I'm just not willing to pay it. 

Post: HELP!!! Deal financing issue!

James WilliamsPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 73
  • Votes 46
Originally posted by @Javier Rosales:

@James Williams 82,000 X 12% interest for HMoney = 9,840 divide by 12months of the year = 820 X 6 months for the duration of the loan = 4,920. Now 82,000 X 1% 1 point for the coast of loaning=820 so for 6 months it will coast you 5740. Monthly payments would be 956.66 cents.

I say you can afford it. But due your  do diligence. Get the book by J Scott the book on flipping houses.

Can any one correct this if wrong thank you

The full loan amount would be about $136K, maybe a little more. Gotta factor in closing cost and the 6.5 points of origination fees plus the cost on the back end to sell the property.