All Forum Posts by: Jody Young

Sounds like it @Jon Holdman and I will decline! I've already been nicer than I wanted to be and more open than I probably should have been for the sake of quickly clearing myself.

Thank you @Karen Schimpf and i gotta say J Scott's video post opened my eyes and yea I'm done talking! That's scary stuff!

Great job @John Horner 

I recently saw an interview with Barbara Corcoran where she said the difference between successful people and others was the amount of time people spent feeling sorry for themselves when things didn't work out. You obviously kept on trucking, thanks for the inspiration!

This may help @Spenser Harding page 13 mentions the 88% of value. Lenders tend to stick to the 88% because that's the limit to their claim.

They are most likely looking at the net sale proceeds to be more than $117, 040 based on the appraised value. If your offer $120k, and there's a deduction for a six percent sale commission to the agents, the net sale proceeds are reduced to $112,800. Too low.

If their appraisal was too high, you'll have to demonstrate why and request a new appraisal. I've seen out of town appraisers come in and make a few mistakes.

@Jim M. I did call them, still in my shock phase, and I don't think they the guy was interested in having any part of a conversation. Just distant.

@Jon Holdman The whole can be used against you but not for you opened my eyes. 

@Account Closed I hope those two were finally exonerated and vindicated. 

It occurs to me this morning that the more they talk to me or ask me to polygraph or anything else, then that's just more time that they're not actively catching the real criminal(s). What a waste.

My reaction in my head when the detective started talking was the same that you lead with @Ben Leybovich 

To your first point, I agree completely but I'm not there yet and always agreed with the sentiment that it doesn't hurt to ask. My feeling is you have to hustle every day as nothing comes easy so do the hard work and get the education daily.

As to your second point, I understand your observation. But if your standing at ground zero holding in your hand the first few building blocks of your business without a (significant) track record, would you agree that it's difficult to partner with someone this early for apartment purchases (maybe even plexes purchases)? Or does it depend solely on the figures in the deal?

Thanks @Aaron Mazzrillo The time lapse of no contact was very short while I was working on other potential deals. Even when we met face to face, I told them I value their time and if I understood what they were looking for then I would try not to waste it with bad deals.

@Ned Carey I like that. Would you also add appreciation and/or forced appreciation to cash flow and equity?

I was all for taking a polygraph @Karen Margrave until I saw J Scott's video. I will definitely do business with integrity and let that stand good.

It's funny because even when I talk to motivated sellers, I always let them know that I have a real estate license (as required by state law), but also that I'm also intending to make a profit through the transaction. I've even got it typed into my purchase agreement and emphasize it before executing the agreement to ensure full disclosure.

Thank you for the encouragement Karen!

@Jean Bolger Without a doubt, I do hope they catch the criminal(s) as I expressed prior. I am compassionate for their loss, and also concerned considering their house is only about a half mile or mile from my residence. 

But I have four daughters to feed, and reputation/credibility in a small town does affect your income. Like Zig Ziglar said, "if people don't trust you, they won't do business with you." Additionally, flipping is a incredibly tiny niche in a small town. So I can not afford for colleagues to refuse to do business with me based on what happened to this couple. Therefore I feel like I have to take it personal, at least until the police catch who did it.