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All Forum Posts by: Joe McCall

Joe McCall has started 7 posts and replied 72 times.

Post: Getting license online?

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233
Originally posted by @Ryan Billingsley:

@Joe McCall
I noticed they offer many different packages. I was wondering which package you chose and why.

 Just get the cheapest one.  I think it's $299?

Post: Getting license online?

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

Hey Ryan - I am in St Louis and I got my license thru realestateexpress.com.  It's a great site.  I know a guy who knows the guy who owns that site.  They are the real deal.  I recommend them. 

I didn't read all the responses....  I hang my license with Keller Williams in the Chesterfield office.  I like them a lot.  They are investor friendly.  And they have agent training second to none.  You will find a lot of really good agents there to refer your deals to.

Joe

Post: Peter Vekselman and Joe McCall

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

Justin - give me a call.  Let's chat.  I just sent you a PM with my cell phone number.

Post: New guy - St. Louis, MO

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

Ardie - welcome to BP.  I also am in St Louis.  Haven't been as active here on BP as I should be.  This is a great place to learn a lot.

When I get back from my vacation, we'll have to meet at a REIA sometime. Look up this one... It's really good.

http://lifeonairereiastl.com/

BTW - I too am a former Civil Engineer. Left my job in 2009 to do REI full-time. Check out my podcast in the signature below.

Post: Wholesaling Profits v. Marketing Costs

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233
Originally posted by @Michael Quarles:

First Tom Krol and his brother Todd Toback are excellent people. No one can go wrong with the guidance.  

Agreed - You should check out these podcast episodes from Toback and Tom Krol:

http://www.realestateinvestingmastery.com/episode-...

http://nolimitsrealestateinvesting.com/nlp-020-do-...

http://nolimitsrealestateinvesting.com/nlp-014-do-...

Joe

Post: Wholetaling...

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233
Originally posted by @Russell Ponce:

@Michael Quarles gives his 'wholetailing' formula in reim podcast #3 i think (google joe mccall podcast).

I imagine you need some private financing to close on this thing.

Here's a link from that interview I did with Michael Quarles...  It is a little old, but still very relevant:

http://www.realestateinvestingmastery.com/episode-...

Joe

Post: What should I do with this negative cash flow rental?

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

I really like what @Chris Clothier  said. If it was my personal property, I would not do a lease option. I would sell it and take my losses.  The sooner the better.  But talk to a CPA so you can do it right. 

Post: A postcard with more than 2% response rate exists

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

@Michael Quarles  - Your direct mail system and postcards rock & I highly recommend your website (www.yellowletters.com), but it wasn't your Urgent Notice postcard that I was talking about. I got mine from a friend in Florida who wrote it himself. It's a great postcard, but it also generates a lot of angry responses. I always get deals from it. But it's pretty vague. It doesn't go right out and say, "I want to buy your house." It just says "I've been trying to reach you about your house at 123 Main St.  It's important that you call this 24 hour recorded message." 

I've promised the guy who gave it to me not to publish it or share it.  It's pretty simple and people shouldn't worry about getting the same exact postcard to copy it. The key is to be creative and write your own. Make it personal and make it stand out from your competition.  Make it different from what everyone else gets. Leave some mystery in it. And always do a 24 hour recorded message. You will always get more calls with that. 

And for heavens sake, send something!  Something something is better than nothing. 

Post: Richard Roop - Free and Clear

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233

I know this is an old post, but I have a question (concern) with putting the seller in 2nd position.  What happens if buyer / investor defaults on the smaller 1st?  What if the investor in 1st position forecloses, and wipes out the larger 2nd (with the seller)?  

Also, does anyone else have any concerns with taking their profits early?  Don't mean to stir the pot...  Just looking at the pros and cons here.

I think Richard Roop is a brilliant marketer & copywriter, and I have learned a ton from him.  This is just one of those things that I have really struggled with.

Post: 323 Ronbar, St. Louis MO 2Bed/1Bath Investment Property

Joe McCallPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 83
  • Votes 233
  • 816 Square Feet
  • Taxes were $738 for 2013
  • Occupied, can vacate quick
  • Rents for $700 month
  • Needs $5000 repair: paint/carpet/cosmetic
  • Property Manager Available
  • Available for Quick Close
  • Rental Analysis provided
  • Seller is licensed Real Estate Agent in Missouri
  • visit our website for more info at www.StLouisCashFlowDeals.com