All Forum Posts by: Jerry Stanford

Hi Senica,

Hope things are going well for you. I too am a new member in BP. Perhaps we can connect and work together some time soon.

Welcome Tim,

I too am a new member in Chicago. Hope you are finding a wealth of information and network opportunities. Perhaps we can connect and work together some time soon.

Welcome Kevin,

I too am a new member in Chicago.  Perhaps we can connect and work together sometime.

Good morning all,

My name is Jerry Stanford and I am born and raised resident of IL.  I became interested in Real Estate Investing many years ago and had a great mentor. Unfortunately, my mentor got taken by some of the mentees he was helping and ending up in some serious financial jeopardy and he had to focus on that.  I began to get a good understand of wholesaling and lease options using some cash and credit partners.  Since then I haven't been very active in Real Estate until last year. I began mentoring with Cody Sperber and began to learn again but I had to stop due to financial difficulties of my own.  I did get to the point of speaking to sellers and negotiating and getting to the point of contracting signing. I did not get a chance to get them signed as I couldn't determine how to overcome a few objections. Since that time I have continued to search and try to determine how to find a mentor/coach and a blueprint/plan for real estate investing.  No particular strategy in mind although I get the impression that wholesaling may be a good entry point.  I've gotten my real estate license for IL because I was not successful in finding a broker who was willing to be investor friendly and decided I wanted to be my own broker and to be investor friendly for those investors in IL or those looking to invest in IL.  I've been perusing courses to develop ideas and strategies that I may use in investing but as has been noting multiple times on BP, the costs of some can be prohibitive.  I find many suggest reading BP and gathering information and asking questions in the forum as an inexpensive way to invest and network. I do see the value in doing that and plan to do so quite extensively. I have yet to do a deal and I would like to have a mentor/coach that is local to Chicago, but doesn't have to be, that wouldn't mind walking me through investing from beginning to end...someone that can help me with find motivated sellers, marketing to them, speaking and negotiating with them, analyzing the property, finding the motivated buyers and using all the right forms that are legal and will protect my business and myself. I am find with virtual coaching as well as local as long as the mentor/coach is willing to be accessible to answer questions, review deals, etc...in a timely fashion as time is truly money in real estate investing. Thank you for allowing me the opportunity to be part of this community as I have already seen great value in it and hope to add even more value in the very near future....

-Jerry-

Is there something posted in a forum on BP that gives a neophyte a step by step process from A-Z with some go to info for resources when it comes to wholesaling or rehab??

Ditto Anthony Ellis...

As a newbie, I can see both sides and I believe it depends on the individual. Sure, no one wants to pay exorbitant fees for the same information that is already out there for a fraction of the price or free but how does someone new know where to start?? How do I go from A to Z?? Who is going to walk me through the steps?? Who do I ask question to?? Sure, I can find a multitude of information and piece it together and put it into action, but then what?? Who will answer my question?? Oh, there's Dave, I can ask him, he doesn't mind. Got my answer...oh, got another question. Crap, Dave's not available who do I ask now?? How do you call on people who don't know you and you don't know and say "Teach me to be an investor?" I tried to get a couple of real estate agents to do comps for me. One was too busy, another wouldn't return my calls, a third wanted to charge me $50 for each one. I told each of them that as I grow they would be the ones I would want to work with for any deals that I cannot wholesale. You see how interested in that they were, so I went and paid for someone to teach me how to be a real estate broker and I got my license. I don't want to go through in REI what I went through in just trying to find a broker to work with. I don't want to pay thousands of dollars to buy this and that course, who know if these guys and gals are giving me what I need anyhow, but would it be any different trying to rely on a network of people who I don't know and don't know me and I don't know if they have the time, patience or even desire to teach me anything let alone hold my hand through a few deals. There's definitely pros and cons to both, just a matter of choices and perspectives.