All Forum Posts by: Jared DeValk

Sounds awfully accusatory guys... We are not the charity, we use pre-existing charities (rugby teams, churches, outreach programs, to name a few) in our transactions. The majority of what we would pay in taxes goes to the Charities, but that's not why we do it. We do it because banks do not put stipulations on Short Sale flips on charities and because the banks will give deeper discounts to charities rather than regular investors.

We don't do HUDs or foreclosures, only short sales. Regardless, HUDs don't even hit the market in our price range ($300k and up) to cover the spread we need, at least not in the Greater Nashville area.

Next time, it would be ethical and selfless to message someone directly if you want to question their ethics. Not a good forum topic.

Josh and Brandon mention transparency and honesty on the forums and the podcasts, but I did that and now you question my ethics? Not professional or a good show of your ethics in my book.

As an agent that knows the area, 1/1's do we'll in the Old Hickory area, especially in that price range. Despite possible high turnover, it's easy to fill vacancies.

Josh, I'm new to the investing side, but I have experience as an agent. If I can provide any assistance to you on this transaction or any other transactions in the Nashville Area, let me know. This is a tough business and I'd like to be able to learn with someone.

Thank you

We use a variety of different charities, but essentially the charity is acting as a wholesaler in the deal. Our attorney uses the tax and legal benefits of the 501c3 to facilitate the transaction. Then the attorney charges a hefty legal fee to the 501c3 and the attorney pays our company a consulting fee.

He takes care of the details for us, but that's the way I explain it to Realtors, investors and homeowners.

Again, my apologies for the lack of transparency.

Rather not say, it's our competitive advantage, or our "secret sauce".

Shequann Burrwell you'll have to perform a double escrow. Get under contract before an agent lists it, line up an investor, write up a contract between you and the investor and take it to the closing table. On closing day, you close on one contract in one room, then you go to the next room to close on the second contract. Watch out for capital gains taxes on the sale, they will eat into your profits. We use a 501c3 to prevent capital gains taxes. You also need to make sure that the bank does not have any restrictions in regards to "seasoning periods" (you must hold the property in your name for 6 months or show receipts where you rehabbed the property if you're making a profit on the sale).

My name is Jared DeValk and I am a Real Estate Agent/Investor in the Greater Nashville, TN area. I have been licensed for almost 3 years and I have been working with investment properties, personally and professionally, for about 2 1/2 years.

My focus is on:
-Locally
--Short Sale Negotiations
--Commercial Properties
--Single Family Homes
--Multi-Family Properties
--Real Estate Listing and Buying
--REO's, Foreclosures and Short Sales (Listing and Buying)

-Nationwide
--Short Sale Negotiations for properties with market value of $250K and up.

Website his uses for the BK filings:

http://www.pacer.gov

Jason Nickel, when you go the website he instructs you to go to, it takes you to YourFont. It was free, but if you look on the video, he posted that in Jan 2011. You now pay for the service, $10, but you still pay. Here's the link to their site:

http://www.yourfonts.com/fontgenerator/280203.html

@Seth Williams, it's YourFont and here's there website:
http://www.yourfonts.com/fontgenerator/280203.html

You can order yellow paper on Amazon in packs of 500 sheets UNBOUND. Here's the link:

There's also a company out there where you can fill out a template and they will convert your handwriting into a text for typing up letters. I think they charge $10 for their basic conversion (which should be all you'll need). You can then use mail merge to automatically insert their name. You can also print the address directly to the envelope. This will make you 10X more efficient.

Here's their website:

http://www.yourfonts.com/fontgenerator/280203.html

That has been the easiest route for me.