All Forum Posts by: Jay Hinrichs

@Alexandra King Rip off report works as well

@James Wise Ok got me!!! But now you will see this as a new offering on the net..... we need to be careful what we let loose on this site fertal minds could run with this idea :)

@Corey Davis @Account Closed and others I would like to meet with Yall as well.

I can't meet this week going to Vegas but the next meet up I would like to attend.

any place to meet works with me.. Or maybe we could look at fellow investors projects meet on site and chat as well.

@James Wise NO way James... that is not a legit use of a proof of funds letter.. I will give them to clients and sometimes as a courtesy..

Talk about another scheme.. have a front company charge people monthly fee and let them create their own POF that is really out there from my perspective.

@Vance Petersen do you need to be NMLS licensed to do loans on 1 to 4 unit loans in NV? or if the loan is to an LLC on a 1 to 4 and for commerical purposes are you exempt from being NMLS licensed? thank you in advance for your reply

@Mark Ferguson

Mark I should have couched my comments with someone as old as Me does not have the energy to be a top producer and top home flipper!..

I would expect with a team of 8 that your production would be substantial. Nice to see things coming back so nicely. Many realtors I know here in the PDX area had the best years ever last year. With lower prices and ridiculous interest rates,, now our issue is no inventory.. Multiple offers and making buyers understand this is not 2009 when you could look at 20 houses low ball a few and the buyer was in the drivers seat..

Keep up the good work... Real estate and REal estate sales is all I know and it has treated me well that's for sure.. However to be as successful as you are it takes a commitment drive and some smarts...

In many markets 20k on a flip is a very good day I know a lot of people talk about 40 to 60 to 100 but those are far and few between in our ultra competitive market..

@Account Closed

Good point Patrick what is lucrative to some is not so much to others.

top agents on the west coast will get into 7 figures for sure.. and many make 200 to 500k.. And all that with no risk of borrowing money.. they get paid for time and a service. So I would call that lucrative.

to make a million a year flipping houses would be a very intense and bizzy job.. say you made 20k net ( which is a high figure in this day and age) that's 50 bought rehabbed and sold per month.. I have no doubt there are those that have and do this.. I did it back in 01 to 05) Stu fox on this site did it as well.

but you need a boat load of capital behind you and its far more risky than being a RE Agent and or top producer.. I keep my license's current in CA OR just as a back up and I do get referral commission every now and again. Especially referring buyers to my buddies in the BAy Area were prices average 500 to 1mil a nice referral fee of say 20% can be 10k for just sending a name along...

Someone who is rehabbing and making a million a year is to busy to be a RE agent and someone who is making 250k to 1 mil or more as RE broker is too busy to be a full time flipper. At least from my perspective

@? I can find you anytime your all over the world

@David Beckman

if you had 50% of cash for the project.. you should be able to find any number of reputable HML to finance your deal.. 50% skin in the game mitigages tax returns fico etc.. Its when as HML we are funding 80 to 90% of costs that one needs to underwrite the borrower not just rely on the collatoral

@Corey Davis

just send me a PM I will be glad to explain our non recourse product. but really its pretty simple. you find a deal you get it TK and tenanted we loan 50% of what you have in it for 5 years.. gives you time to hopefully ride the market up refi or sell for massive profits :))