All Forum Posts by: Jonathan Casillas

welcome to BP. Soak it all in. This site is full of info. Take it at your own pace. It can be like trying to drink from a fire hydrant with the amount of Information on this site and its podcast. Ask questions and connect with people. Its a fun place to be and learn.

Well personally I have not done triple net so I cant help you there. On the commercial or mortgages I have to say it depends on your personality.  I have done both commercial and residential sales. I now do both commercial and residential mortgages. I stepped away from the sales side becuse I LOVE numbers. I love helping people find the right fit for there properties. You can find the right properties for your clients in sales. I just personally love the mix of sales, numbers and people that mortgages gives me. This being sed the ability to market yourself is very important no matter what field you choose. For the most part you will be a 1099 (self employed). There for most if not all of the deals you get will depend on how well you can market/sell yourself. On the question about goin/ on your own or with a  brokerage. That's a two part answer. First check your local laws on what is and is not allowed. Second as a beginner I would say with a brokerage (what size depends on your wants and needs)  its faster and easier to learn from someone who has been there and done that  as well as has a somewhat of a vested interest in you succeeding. I say somewhat because they do make money when you do but have many like you and its a numbers game to them. No body has as much vested in your success as you. No matter what path you choose. Hope this helps.

welcome to BP. 

Personally I would RUN away from these people and find different people to work with. Loan fraud caries with it a 30yr federal prison sentence. As well as over 100K in fines. This is not how you want to conduct business. The down payment situation varies depending on more factors then the information you have provided.

As a lender I would have to say no. A smart investor would run the numbers without the basement income. If the numbers work then they MIGHT purchase (I would not. To many issues walking into the deal).

I would have to agree with @Brian Gibbons. Your whole team ( Real estate agents, title companies, Loan officers ext.) need to be people who are familiar working with investors. There is a saying 'If your the smartest person in the room your in the wrong room". This is especially true when first starting out. Surround yourself with people that you can learn and network with. 

I woul need some more info before I can give you a intelligent answer. Please feel free to contact me.

A bit off topic but I think its important to understand that someone can bring a dog (including a APBT) in a non pet friendly house under the FHA laws as a ESA (emotional support animal) or SD (service dog). As per the breed I would worry about the mind set of low income tenets more then the breed of dog they have. Responsible people are responsible no matter the breed of dog or any other pet for that matter. Full disclosure my last service animal was a APBT he was great.

 If it where me I would go after the absentee owners first (more of them). I would then when income allowed go after probate lawyers. The reason for the lawyers is simple the are up to there necks in probate. So if you become a resource for them they can become a valuable part of a lucrative funnel for you. I do something similar with loans. Instead of going for first time buyers I go for house flippers and rehabers. The reason is the same they are up to there necks in homes there for they become a great funnel source for my LO business as long as I maintain my usefulness as a resource to them. I hope it was if some help.

 The numbers vary greatly by list, contact type (yellow letters vs post cards), message and industry. But a good rule of thumb is to hit the same list a minimum of five times (spread out at least two weeks apart. This to is subject to the different factors) and a maximum of 7-8 times. After that the law of diminishing returns hits hard.