All Forum Posts by: JImarcus Blanding

As Fred said, Run..Run..Run. They will give your money back however to find one good source you waste time on about 60. Then the one you finally get is not what they say it is and mentions credit scores and etc. Same criteria as traditional banks pretty much.

I'll take a stab and say go with your 65% rule, can't hurt but definitely know your rehab cost and leave room for if you have to hold longer than expected if you trying to do a flip. If you pay too much you definitely could end up stuck.

Are you going to wholesale it to another investor or retail it?

Also, I would ensure that the cemetery across the street has not hindered other houses near from selling. That could also lead to an issue in my opinion if its too close for comfort. I had a buddy the had a real time selling a house here in Atlanta because of a cemetery being too close for comfort.

Good numbers Brian. Nice job and hope you sell soon. Not bad for your first at all.

great article by far and to most of the degree accurate. I have done a couple of seminar's in the past only for the free educational part. I did do a rich dad $199 3 day but I knew of the speaker from another whom he mentored. Long story short, the information and networking with others was well worth the $199. The speaker was from right here in GA and was different then any other guru speaker when it came to his home state.

The experience inspired me to seek out my local REI club and the rest is going great, and I am now a member of the BP family, one of the best RE resource I have seen in a long time.

I agree with Jon, wholesaling is definitely note as easy as some of the guru's make it seem; however, Jean Norton provided an excellent reply on doing it in other area and how.

My 2 cents is that from what I am experiencing now with 2 wholesale deals I'm trying to wrap up, Jon is correct on you do have to have some skin in the game(marketing, putting deal together, etc.) so while you may not actually use your money to purchase the property and flip it for quick sell you still have to put in a lil skin.
An idea: speak and try to network with some local investors who do not have time to look for certain type of deals and offer to find them deals based on their qualifications for a commission on the deals they actually close on. May or may not work but its an idea to earn you some cash.

I have a pdf file that simplifies wholesaling for starter if you would like it, shoot me an email and I will send it to you. Hope this helps.

Seems its just easier to assign contracts then dealing with all these headaches, however, guess it depends on the deal. I do have iflips but I didn't have to pay 1k. So far it seems to run pretty good with several benefits like the birddog system and buyers page. Of course I'm still using my other methods of marketing, locating properties and etc but so far iflip is fine by me. I'll post later if I get into using their transaction funding but I do know of 2 people that it went well for which is what made me sign up and check it out.

Oh me oh my. Yes I dealt with fortune builders. Let me start out by saying I was someone's guest and was very disappointed for them to pay even $199 for foolish, sells hype. I'm sure if your have the money they may teach you something you can learn in a book and with a side by side mentor. You would probably get more from investing that 25k with an investor and divide profits.

I did learn new things about wholesaling, but the rest was selling their mastery program after the first day. Several people didn't return by the 3rd day. The thing I found even more interesting was how the moods and attitude changed toward those who wasn't interesting in shelling out 25k and the so called guru group became a rude crew.

My colleague actually called and got a refund because it was that bad and the sold it as an investor training course which was hardly that.

I will say this. I did a three day for 199 with rich dad and got more than my money's worth. They trained every day as promised and even gave a bonus in asset protection. Of course they were selling their extra training and software as well but it was a much better offer than fortune builder, neverthess, I feel shadowing, networking, and stay current is the best teacher and didn't buy theirs either although I am a student and study their concepts with all the free material and training that Came with the $199. Their rss software is great tht my friend did purchase for like $1497.

Fortune builders grade F.

Hi Blair, welcome. I'm in the Atlanta area as well and a Robert Kiyosaki student as well. Always good to learn new marketing strategies. Could you post the link to the thread John is referring too in his post, sound interesting.

Newbie to BP but definitely not to business. Started out in business with my newspaper route when I was 8, a year later figured out I could have other kids work for me and pay then $20-30/wk and keep the other $70-80. Long story short, I took over another route in downtown Greenville, SC, where all the top notch people of the city worked (millionaires, bankers, architects, etc.) while still having my help do my original route at now a 50/50 split. I learned a lot from the downtown folks. Fast forward, I continued that until about the 8th grade(got heavier into football and track) where I let another kid buy me out for $200 and 30% profits for 8 months. Getting the route downtown was big business for kids our age then because no one wanted to give up the downtown area. Glad, he didn't default because at that age I definitely didn't think about writing it on a contract, LOL.

After college, started my own clothing line and moved to atlanta since that’s where most of my team was, but still worked as Financial Research Analyst for ACS on a state contract for about the last 7 years. The clothing company eventually went south because in the fashion industry you have stay at the top of the game but I learned a ton about having my own business. At that same time I was taking money putting it into some real estate deals with an investor, but that wasn't promising after a while (my lack of education in real estate at the time but not anymore) and he wasn't too great of a businessman so had to cxl that before I lost too much and now after properly educating myself over the last year I am back in real estate because I have never been big on what I consider Corp. America and making someone wealthy instead of myself and others around me.

Interest: wholesaling, lease-option, rehabbing, foreclosures

Need: Good buying agent, attorney, good reputable contractors.

I must say BP has already provided me a great deal of knowledge and been a big confirmation for several things or question that I still had pondering. You guys rock.

READY TO ROCK AND ROLL!!

Newbie to BP but definitely not to business. Started out with my a paper route when I was 8, a year later figured out I could have other kids work for my and pay then $20-30/wk and keep the other $70-80. This allowed me to be absent several days and do kid things and still make money. Long story short, I took over another route in downtown Greenville, SC, where all the top notch people of the city worked (millionaires, bankers, architects, etc.) while still having my help do my original route at now a 50/50 split. I learned a lot from the downtown folks with being fascinated at how young I was and I already thought of having others work for me. They provided me at a young age a wealth of free, priceless knowledge. I was very good at sports and that helped because several of them where fans of the youth leagues with kids of their own playing. Fast forward, I continued that until about the 8th grade(got heavier into football and track) where I let some other kid buy me out for $200 and 30% profits for 8 months. Getting the route downtown was big business for a kids our age then because no one wanted to give up the downtown area. Glad, he didn't default because at the age I definitely didn't think about writing it on a contract, LOL.

After college, started my own clothing line and moved to ATL for marketing purposes and thats where most of my team was, but still worked as Financial Research Analyst for ACS on a state contract for about the last 7 years. The clothing company eventually went south because in the fashion industry you have stay at the top of the game but I learn a ton about having my own business. At that same time I was taking money putting it into some real estate deals with an investor, but that wasn't promising after a while (lack of education in real estate at the time but not anymore) and he wasn't too great of a businessman so had to cxl that and now after properly educating myself over the last year I am back in real estate because I have never been big on what I consider Corp. America and making someone wealthy instead of myself and others around me.

Formal Ed:
BS- International Business
MS- Software Engineering Mgmt.

sorry so long, talking about business motivates me.