All Forum Posts by: Jared McNeel

 @Cornelius Garland

@Zoran Stanoev

I really appreciate the input. Coming from a place of service is a great way to get people to listen and not shut the door on you. I also think it's very important to come across as you don't know their situation; this is great advice. In regards to leaving something behind for the home-owner, would you recommend explaining in detail the seller finance option on the pamphlet or would you just list the term 'seller financing' and require the home-owner to call for more information so you can explain what this means and how it can help them? I'm just trying to get a feel for what information is best to leave behind. 

@Jeff Carion

Creative financing is creative ways to secure a deal and property and to create win-win scenarios for both you and the homeowner, not to mention the many others you usually help throughout the entire transcation. I come from a the traditional background of flipping and renting and it's frankly annoying to have to put down 20% with a traditional lender to secure a property, not to mention the additonal costs it takes to eventually get the property re-listed. In creative financing such as a seller finance, your only dealing with the seller and usually an attorney from beginning to close and it usually requires much less money down from the seller. I would recommend some youtube videos from Chris Goff on seller finance and lease options to learn more on the subject. 

@Tyler Bodi Thanks for the advice. I feel the same and think it would make a bigger impact with the home-owner to knock the door. 

Hi everyone,

I have a realtor that is willing to knock doors of distressed home-owners (e.g. pre-forclosures) and explain to them creative financing options to help them in their situation such as doing a seller finance, all cash (wholesale deal). Has anyone ever handed these particular homeowners a paper and/or pamphelt explaining the options the home-owner can use that can help them and save their credit? Is it better to knock the door and hand them a pamphlet rather than send direct mail? Just wanted some thoughts and to see if someone had something simple and professional that I could have this realtor hand to these home-owners. 

@Aku Thomas Thanks Aku for the welcome!  Does the rental calculator give the numbers you provided a green light to move forward? Keep me posted on the deal going forward I would like to see if you get the property or not. I would love to get into multi-family units one day. That's were the $$$ is!

Hi everyone, 

I am looking at a rehab property and did my own comp analysis with comps near the subject property and came to a overall market valuation of 225k but the county assessor has only 174,500 for 2017 market valuation. I was having trouble finding '17 comps but a property that is almost an exact match to subject sold in '16 for 212K. Overall valuations have risen since '16 in my area so I belive it's > 212k. Can anyone explain the disparity in valuations? I want to make sure to get my numbers right if I will be making an offer. I am still very new at RE investing.

Thanks to anyone willing to pitch in!

@Sam Newell: Congrats on the 2 rentals! I hope to reach that level with in the next year. I would appreciate any info you can share. Please PM me or I can give you my contact info if you feel another mode of communication would be better. 

@Garrett Vita: Thanks Garrett for the welcome! 

@Account Closed: Thank you for your warm welcome and recommendations! 

@Benjamin Ervin Welcome to the BP community! I understand how you feel; entrepreneurship is beautiful! I am new as well and just closed on my first deal. I encourage you to network as much as you can here on BP and locally in your area. Reach out to the BP community when you need help or get stuck; people here are very willing to help those that are new. Also, always make sure to be actively engaged in finding deals and to act when a deal is found.

Good luck and may your goals come to fruition!

The deal on my first property was so good that a flip is very tempting after rehab but my wife "tells" me we are rehabbing then holding and renting for appreciation, which I'm sure you might know how that goes! Just always be on the look-out for deals and always be a "doer" and someone that acts when a deal presents itself. 

Welcome to BP @Matt Eckler! I just purchased my first RE investment property and am new to RE investing as well.

I encourage you to network as much as possible on this site; people here have your back and will do all they can to make you successful. When you have question or get "stuck"reach out to the BP community for help. 

Happy investing!