All Forum Posts by: Jana Landreneau

Hey BP,

I’d like to know if any rehabbers in the Lake Charles La ( and surrounding) areas are looking for a maintenance person to help with maintenance on their rentals or even help rehabbing. I know light electrical, plumbing, sheetrock repair and can fix nearly any appliance that needs fixing, including minor repairs on a/cs . I’m looking to break away from working for someone, to working for myself.

I’m not sure if it matters when you’re rehabbing, but I am not a licensed tech, I’m just looking to help out (for a fee) where my help could be used.

Thank you.

Jana

@David Mathews

Hi David. I haven’t had much luck in the wholesaling thing. I’ve tried every avenue and have done nothing but spend money and not made one single penny. So, I’ve taken a break from the whole real estate thing for now. I just lost my dad Dec 3, so I kind of just put the breaks on my hustling for a while. Have you had any luck? What do you do?

@Huso Akaratovic

If your contract stated the home is sold in “as is” condition and the buyers were to complete their own due diligence, then you are NOT responsible for anything after the closing.

I would ask the buyers to review the contract they signed with you and ask if they got multiple bids on the sewer repair. They could simply have a backed up line.

You didn’t sign up to be a landlord, where you go running and pay for whatever gets broke (or they break) in their home. You SOLD the home to them.

If your contract is written properly and solid, stick by it don’t set yourself up for multiple calls in the future whenever something breaks in their home, especially if you flip houses for a living. Word will get out that you’ll come back and fix whatever breaks after the sell and then what? How many houses will you be going back to fixing things? And for how long? Are you a landlord or a flipper...best of luck to you!

@Anthony Rosa that’s your opinion. Because one of the reasons I’m doing it is to see communities come back up again. I don’t rip people off and my attorney looks everything over to make sure everything has been handled properly. If I’ve had an overage somewhere that I overlooked or my numbers weren’t right, that overage went to the seller. I know there are so many out there operating their businesses illegally, but that’s pretty much in any line of business, there’s tons of shady people out there, I’m not one of them. I am completely honest to the seller about what I’m doing and don’t hide my assignment fee from them no matter the dollar.

Most buy and hold, flippers, property owners, residents won’t go through the process of trying to find out who these vacant or run-down houses belong to. That’s where I help. I find the owners of those homes, offer them some money to take it off their hands, then ultimately turn it over to a buyer that wants to fix it back up and rent it or sell it himself. I don’t see the wrong in this.

I do see the wrong in twisting the truth of what you’re actually doing, I see the wrong in gouging unsuspecting homeowners just to make a bigger profit. But like I said, I’m not one of those people, I’m honestly doing it to try to help the community and the homeowner of vacant/abandoned homes that they didn’t realize they could possibly get money for. I also am trying to get into pre-foreclosures. I realize the emotion behind this but the way I see it, I’d rather try to help the homeowner by getting them out of their situation rather than them losing their home, being forced out to start all over again with nothing and ruining their credit in the process.

If people (specifically wholesalers) would operate in the correct way, would licensed realtors still find a problem with the way they choose to make money?

@Irina Belkofer thank you for clarifying. This is why I asked. I, myself, see what happens on fb and cl everyday.

I have morals and ethics, which is why I usually try to find owners of these houses that someone has abandoned. The houses that have trees growing all around them that no one can see from the road anymore. Vacant ones that maybe someone didn’t know they could get a little bit of money for. Instead of just letting it rot and getting nothing for it.

I have read the comments here and realize the frustration of those wholesalers that bug the living daylights out of people. I’m not that type of person.

Thank you for clarifying to me what I obviously didn’t understand about the mls.

@Patrice Boenzi I understand your point of view, and the laws. However, What I don't fully understand is vacant or run-down houses can't be put on the MLS, not that I know of, or they just don't put them there. So why are most realtors against wholesalers? I know there are quite a few of them out there that don't take the owners feelings into consideration when trying to make a buck, nor do they abide by state laws. But what about those of us who are just trying to bring communities that have gone down, back up again by wholesaling homes that have been abandoned, normally those are sold to fix and flip investors that make the home livable again and turn around and sell to someone who needs a place to live. Wouldn't that HELP realtors sell more houses in those areas due to the market coming back up in the bad areas of towns?

Or not. 🤷🏻‍♀️

Hi! And thank you for the welcome @Robert Leonard!

Hi all! Green REI here! Just wondering if there are others here in Lake Charles, La like me that use this site? (If so, say Hi!)

I studied and watched as many videos as I could get my hands on, and today I finally jumped into picking up the phone and trying to get some sells. I ended up leaving at least 30 voicemails and got 2 people on the phone with a promise to call back if they are interested in selling. So, after at least 60+ calls in my 3 hour limit, I’m wondering...am I doing this right? Is this how it goes when you make the calls? Do you leave more voicemails than talk to people? Tell me your stories...