All Forum Posts by: Jay Hinrichs

@Pete T. 

  I am all for making deals my point is if your going to do this... then there is a logical order.

and the first order of business is to get your financing lined up.. Or your money partners or your lender.. then go shopping.. ITs a small community if you get black balled for writing offers and tying up properties then never closing it makes it harder down the road.. and makes it harder for others as well.

@Pono Wright 

  I have done a lot of land in Northern California in and around the Steam gysers and one ranch I bought out by the Homestake gold mine... As has been posted ... if mineral rights are not reserved at some point in the transfer of title then they run with the land and the transfer.

Now when I did my deal out at Homestake they were running around putting big metal poles in the ground and claiming unpatented mineral rights.. at that point it got pretty complex and I sold the property and never really followed up.. But I am sure there are more complexities. But if your just buying old desert plats and there is no obvious mining operations I doubt it really matters either way... I remember many of my deals the US government had reserved the mineral rights and some owner would sqwack but ones you explained to them other than slant drilling its so hard to start a mining operation in CA that its a non event.

@Nicole Pettis 

  Ok but if he won't pull the trigger how long are you going to work for nothing?

I now can see why your frustrated..

But then again.. When I used to buy timber land and standing timber I would get calls from Realtors telling me to check this property out  ( this is pre google earth) and I would ask them now you know it has timber right?  and yes they would say its loaded with trees.. Only to drive out and sometimes it was hours away and look at the property and see that the timber was no bigger than Christmas trees or it had been clear cut and there were only 15 tree's left on the 40 acres I finally got them all a small piece of rope I told them put it around the tree at DBH ( diameter at Breast Height) and if there is any rope left over its too small that saved me a bunch of wasted time :).. ...

 So it could be with this guy your not showing them deals that in their mind any good. but he is not up front to tell you that right away or has not put criteria to you in a fashion that you would let know if you hit those metrics .

@J. Martin 

  based on how she describes her slow investor.. saying they will do deals then backing out. I suspect that is not a true investor and she needs to move on.. that would be my gut reaction and based on my years of dealing with these types of people.

Love the old low value land game.. I grew up in it   ... good luck...

@Michael DuVentre 

  I know where your coming from because if you reading on BP this is an accepted practice by many who flip houses...

Being Old school I just personally think its wrong to be talking about doing deals when you have no ability to close.. I know as I said many think this is perfectly fine.. I just personally do not think it is... In my mind if you have funds and good intentions going into the deal that's one thing.. But to just be slinging stuff up on the wall to see what sticks is just not an ethical or honorable way to go about being in the business.. Its just my personal opinion and there are many who think I am full of crap but hey no harm no foul right.

Its this type of thing that drives many of us Nuts.. here you are you have no ability to close unless you find someone.. this to me is just so wrong on so many levels.. I am not sure where others stand.. but from my point of view get your funds together first then go shopping your just wasting everyone's time..  And of course if you can't do it you simply back out this gives the industry a bad name... ITs wrong to go into the deals with no capital lined up in my opinion.

@David C. 

  PG in this instance is not appropriate or would carry any weight for anyone investor that was experienced.

@Nicole Pettis 

regarding your post above.. How do you know if your investor really has any money or access to money.. Has he proved that in any way for you.. IE bank statements showing funds.. Letters from HML or private investors are basically worthless... And or give you address's were you can verify he owns a property or 2 or 10... Or any other references that you can check out..

@Trevor Ewen 

  Many top agents would kill to have a really good assistant that can do all the stuff they are to busy to do.. And marketing is the key... Nicole could simply offer her services to a top producer for free and get paid when a deal closes.. No agent would turn that down. Its no different than putting all this time in for free and getting frustrated at least you would get paid when a deal closes... I worked myself into some really neat positions back in the 80's by working on the come ...