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All Forum Posts by: Jon Collins

Jon Collins has started 15 posts and replied 93 times.

Hi, from time to time I get emails from people who claim to be Private Lenders.  Has anyone else gotten these?  They ask if I have any properties I'm looking for finance.  How would I determine if its a scam or real.  How would I vet these people?

Post: Saint Louis

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

@Chasen Todd, yes that would be cool.

Post: Mentoring programs for people who may want extra help

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

@Lisa Webby, Exactly! In the end you're mainly funding someone else's business. I've been investing for about five years now. I have wasted a ton of money on programs. In the end they all say pretty much the same things. You might find a thing or two different but the majority of info is the same. However the one thing I definitely learned is the money isn't in finding cheap properties, the money is in learning all you can, becoming and "expert" and putting out education then using that money to purchase. There will always be new people coming in willing to pay for knowledge. I've seen people who only been investing a year or two and coming out with education. That's because it's all repeat info. I'm just saying. I just came across Doug about a week ago and really like his videos. There's a few things he's said I thought, wow thats a good idea. But the majority I've heard before. But I go to a lot of Meetups and REIA's and a lot of seminars.

Post: Tenant Turner or Show Mojo for rental showing?

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

Hi, is anyone using Tenant Turner for showing properties?  I'm considering using them or Show Mojo to show my vacant properties.  If so, what has been your experience with either company?  Thanks

Post: Rently vs. Showmojo vs. Tenant Turner

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

@Edward Lawrence, hi I was reading your answer from a few years ago about Rently.  Just wanted to know if you are still using it?  Have you tried any of the other showing sites?  Thanks

Post: Line of Credit?

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

@Rick L., HI, I was just reading your question from looks like 7 years ago.  Did you go ahead with the Line of Credit and has your business grown since?

Post: Any landlords forgiving rents during COVID?

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

Most Landlords can't afford to just say "hey, don't worry about".  But I know there are some who can.  Me however I am not in that position.  I have only one tenant that has not paid.  However she has not lost her job.  She claims she lost her online bank card.  Which to me makes no sense as far as her paying her rent.  Practically every month she has some kind of excuse.  Right now I'm just waiting for when I can evict her.  I'm going to get the ball rolling when i can.

Post: Hard Money Lenders During COVID-19

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

If I were you I would join a local real estate investor facebook page for your city.  And ask local investors to give you names of some of the Hard Money Lenders they have used.  Then call those lenders and just ask them if they are lending and what are their terms.

Post: Inheriting bad tenants during Covid-19

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

Great to hear you are factoring taking over someone else's problem as part of the price.  I'm not sure anyone knows about evictions right now moving forward?

Post: Long Term Leases During COVID-19

Jon CollinsPosted
  • Investor
  • Saint Louis, MO
  • Posts 108
  • Votes 31

I think Covid is forcing a lot of investors to re-think their model.  I always would hear its better to lock up a tenant for a couple of years if possible.  Fixup from a tenant moving can take all your profits from the previous year.  For me I'm re-thinking Section 8.  I have three homes that are Section 8 and at least I know I'm going to get their portion every month.  With my other rentals I'm not sure.  My goal moving forward is to add Section 8 but in good neighborhoods.  But you have to do what you think is best for you.