All Forum Posts by: Jeff Fairchild

I would probably buy $100 million dollars worth of apartment buildings and use the money as a 10% down payment, then have them managed by a property management company.

So you are saying that if I'm the wholesaler that the buyer who will pay me the assignment fee is not going to expect that I pay for and order an inspection before he decides if he will do the deal?

Thanks Mike, that helps. Oh, by the way, how are you financing your deals? I've heard that regular lenders don't want to lend you too many deals. Are you finding that you are able to show a lender that you have say 30 properties and their net cash flow total and they will take all of that into account? Are you going to regular banks? Do you do a few deals with one lender and they shut you off and you have to find another?

Jeff

You are constantly having investors who fail call you and tell you to take a deal off their hands because they are quitting real estate?

So you pay an assignment fee for most of your deals then? If not, why are the investors calling you with deals?

wholesaler,

I searched for "Make Deals, Find Partners, Mentors & BirdDogs" both as a forum title in the main forums area, and in the search. The search seems to not really be working. The search results tell me that i found it but when i click on it it's something else.

If you want a list of books to read check out my wish list at amazon.com. They are the highest rated books that I could find.
Go to your lists, then wish list, then type in jeff fairchild

All Cash,

You say that price sells houses then you tell us that you bought a listing off the mls and raised the price by $15k then resold it the same day. So I'm guessing have an alternate method of selling in which price doesn't matter.

I've read that finding rent to own buyers is a good strategy rather than regular renters. What are the pros and cons to what you prefer (owner financed sale) rather than lease optioning it out?

Thanks,
Jeff

Ok, so if I'm just starting out, and you guys are saying that agents may tent to have inaccurate data, where do I get all of the data to enter in to my spreadsheet?

Ok, but what exactly is the bird dog doing? Are they buying bandit signs and putting them up to get leads? Are they mailing out their own direct mail pieces? If you are only able to pay them per lead, then how do you determine whether they just took phone #'s out of the phone book and gave them to you asking for $50 per lead? How do you determine how much you will pay them per lead? Does an investor usually pay one bird dog who gives him good leads $50 each while paying another bird dog $10 per lead who usually provides low quality ones?

If a buyer calls the bird dog from a bandit sign that they put up, what would they tell or ask the buyer?