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All Forum Posts by: Jonathan Rexford

Jonathan Rexford has started 15 posts and replied 245 times.

Post: Can someone please explain sub3 financing to me?

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Secrets vs HOW TO.....

This has not been done before I can attest to that and before someone jumps down on me just be sure you know what you are talking about.

My deeds are recorded in public record.

Post: Can someone please explain sub3 financing to me?

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Good grief....another book of bashing David Alexander and the SUB 3 program.

PS let me say, that I am a student of David's......:)

Post: Does direct mail really work?

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Longest one I had was 2 years and it was a flyer/letter from one guru course that I said did not work.

Post: subject 3 financing

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Whatever folks. I am done. Bantering this.

and done with this forum

Post: subject 3 financing

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Nick....It was for the other Nick I suppose. I am not offended. But David Alexander is David Alexander. You have to know the guy. I would not call what he is minimum success. I am going to Blow some Wind about the program and so forth. When I signed up for biggerprofits I thought it was a good networking site. But here lately it has been name calling. That stuff is so elementary and yes I jumped on it also.

Shame on me. I have known David for about 8 years. Just google his name in conjunction with Sub 2 deals. You will see what comes up.

He is the type of person that likes to make the money on the property without ownership and liability. I will just leave it at that.

If I offended someone with my post that is not my intention. I think we are all grown ups and can take our candy to another sand box.

Nick & Nick I have joined his sub3 program. There is nothing like it.

I guess someone else posted while I am writing this.

Post: subject 3 financing

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Nick,

I guess I will draw the line on this one. I know David very well. His program is very unique. Taking useless pot shots at the guy and other people is not very productive. You seem to be a bright person.

I can tell you that David Alexander is probably one of the most creative investors I have ever met. He was doing sub2 deals probably before you could even spell sub2.

Some friends of his coined Sub3 because it is just an extra step.

I will post. The guy you are in referenceing to owns Banditsigns.com Hey the guy has long hair. So what.

What is wrong with Billy Ray Cyrus.

Post: subject 3 financing

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

You people are a riot.

Post: Calculating ARV

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89

Comparable Sales are like kind of properties within a certian geographic. If you have to fudge then a variable of 10-20% in size can be used based on Square footage and distance. I am not an appraiser but in general I always look for price per square foot and back into the deal.

If you have values different than across the street then something is different about the subject home.

If you get a chance get a hold of an appraisal and really study it.

Post: pulling current information a property I am looking to purchase

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89
Originally posted by Michael Sherwood:
Is there any way to pull information on the current mortgage on a property? I want to find out how much of a balance they still have on the mortgage or if there is a mortgage at all? This will help in determining a bid. what other ideas do y'all have on placing a bid?

thanks!

Here is the easiest way....ASK THE SELLER.

Post: Time Management

Jonathan RexfordPosted
  • Real Estate Investor
  • Vero Beach, FL
  • Posts 268
  • Votes 89
Originally posted by Robert Burns:
I've working fwith my REI for a few months and find the most challenging aspect is finding the time to do all the detail work necessary while holding down a full time job that often involves overnight travel.

I would appreciate any feedback from others who are now or prior to going full time in REI (which is my goal) on how they managed to do all the things necessary to make deals. I am focusing on wholesaling as my main REI strategy but am open to any and all suggestions.

I am determined to be successful in Real Estate Investing in that I want out of the "Rat Race" after 40 years and "do my own thing" with Real Estate.

Thanks in Advance for the great advice!

Bob Burns
RAB Enterprises LLC
Baton Rouge, LA

Mike hit the nail on the head. Work your butt off. But you need to have a plan. It is hard to do Wholesale Full time as sometimes inventory runs out. So I would look at other investment opportunities with real estate. Wholesale is a JOB.