All Forum Posts by: Account Closed

@Lisa R. Maybe give the folks at the WA Real Estate Commission's Regulatory and Enforcement Division a call and see if they agree with you. Just because some "guru" on a YouTube ad said it's ok, doesn't make it so. Good luck!

@Rafael Kyle Well done!

Thanks @Jay Hinrichs, they were hoarder houses, my favorite! The ones so bad that you won't know the extent of what you're getting yourself into, until after you buy it and clean it out.. so the purchase price reflects the risk 

@Bryan Barry  @Charlie MacPherson nailed it again.

The SOONER you realize that assigning contracts is a dead-end route in real estate, the better off you'll be. I too drank the kool-aid when i was getting started, and i still to this day feel like garbage for the first and last deal i "weasel claused" my way out of. Fortunately for me, I heeded the advice of some folks on this very post and found that doing it the right way is:

1. Less risky (criminally, personally and professionally) 
2. Less stressful
3. More profitable

I 100% guarantee you that If you can find deals, you can find money to buy them. If the deal doesn't have enough meat on the bone to cover financing costs, learn how to get on title. 

Two no money down deals closed last month. $0 out of pocket. No assignments. Bought one with OPM, and the other took title Sub2.

Forget assigning contracts. Do it right. Hustle your face off at it, and it will work. 

@Bryan Barry It's really reeeally simple: Don't lie to people. 

@John Thedford  The OP in that post @Brett Snodgrass  was on Podcast 231 talking about the right way to wholesale; buy/get on title, and sell. It's actually one of the better podcasts on BP and should be a must watch for new "wholesalers"!

@Mack Campbell  Have a listen to that podcast if you haven't already! 

@Will F.

Im using InvestorFuse right now and i'm not overly impressed so far. 

The good: 

• Easy integration with InvestorCarrot
• .. um.. im sure there's something else..

The bad: 

• Its still Podio
• $197 a month
• Customer support is garbage
• You pay per email/text/call through the system
• Emails are text only, no media

• There are a lot of "fluff" apps.. there to make it look like you're getting your money's worth, but with absolutely no use/functionality:

"MLS Deals" app. I get expired MLS leads emailed to me. I wanted the leads imported into that app, separate from the main "Seller Leads" and then direct mail from the App. No-Go. The app is to store/keep track of leads only. No automations included..unless you pay them extra $$$

"Deal Marketing" app. You would assume that this is the app where you take your deals.. and market them..right? Wrong. Again, it has absolutely no use outside of "keeping track" of your marketing. 

"Offers" app. Where you would expect to click a few buttons and shoot an offer to a Seller. Wrong again. For "keeping track" of offers only. Like "Deal Marketing" its something i assume would be done within the Seller Leads app.

If you ask customer support for anything other than quick fixes or questions, they divert to the "CTO" and disappear. 

So bottom line.. it sucks. 

@Marty Summers I would say go ahead and mail whoever you like, but i would avoid any language in the mailings suggesting they ditch their agent and sell to you. If you make a habit out of attempting to poach listings, it will get back to the agents and brokers, and they all talk... it's not going to be received well.

So ask yourself, is one good deal worth gaining that reputation? How many more deals could you get by working with an agent?   

I've found that the best strategy is to avoid investing in significant others at all. They're quickly depreciating assets, TONS of upkeep and maintenance, always negative cash flow! Unload it as fast as you fast! 

@Account Closed
First move. Build up your saving and cash reserves. Put away 6 months of living expenses, plus a down payment, plus cash reserves before you should even consider buying a rental. 

Your local REIA is where you're going to find someone who might be willing to partner with you. But with no capital and no experience, you're going to need to have the patience to build rapport with local investors .. or have one hell of an elevator pitch to convince someone to do so lol. Work on both.

Be prepared to answer: Why should i bring you on? What value would you add to my business or deals? What skills do you bring to the table? 

Good luck and keep at it!

- Lloyd