All Forum Posts by: Lori Valene

Hi Aaron,

I like your enthusiasm! 

I think you are going to be great at this because you are a possibility thinker!

Yes you need to get some knowledge and experience under your belt, but you already have the "it"

factor!
I do have a question, what condition are these apartments in?

Have you walked the property? 

I need boots on the ground from time to time. Are you open to working together once in a while?

Take care,

Lori

Hi Mario,

Thats a well thought out plan. Do you want to structure any other types of deals?

I need some boots on the ground there. Maybe we can work together a bit.

Take care,

Lori

Hi Dionte,

I would suggest calling the local real estate clubs and ask who they use. 

I live near Seattle and we have an attorney that works with several investors from our local club.

Hope that helps.

Take care,

Lori

Semi truck "trailer" parking.

Hi Mallory,

You are going to love this group.

We have 3 meet ups a month in 

Kirkland-Troy Fisher runs that one.

Seattle- Tiffany Plovie

Lakewood-Kevin Carbone

I go to all of these. There are no meetings in December.

We can meet up for coffee if you would like to.

Take care,

Lori Valene

Hi Omar,

 Want you to know there is a BP meet up tonight in Kirkland at 7pm if you can make it! 

A wide range of non experienced to very experienced people go to our meet up.

 It will be held at the Wilde Rover Irish Pub & Restaurant 111 Central Way, Kirkland.

Come say hi!

Hi Nick,

Everyone wants free. lol I don't believe in paying $20,000-$50,000 for knowledge. Lots of answers are in BP. Most becoming successful people I know go to "A LOT" of real estate networking events. Usually through meetup.com. When you are new, no one knows you, so why would they give all their valuable knowledge to you for free? 

Go to a bunch (10-15) real estate meet up groups every month. Let people get to know you. Don't be in a hurry. There are many sharks just looking for newbies they can take advantage of! Guess how I know that? lol 

It will cost you some money. Proper marketing about ($1,000) per mailing, splitting deals, usually 50/50. 

NEVER sign away all your future deals!!! None of this 10% of all future deals!!! Unless your married to your mentor lol!

In order for someone to teach you, the fastest way to make that happen is to have a deal you want to wholesale and work something out with the buyer to mentor you, but still get 50% of the profit.

Another tip is watch out at the meet ups that have a sit down training every month. Don't get sucked into buying every training that comes up. You can easily become a professional student! Always learning/never doing!

Let me know if I can help you any more.

Take care,

Lori Valene

Hi Mike,

I am in Washington state so there may be some differences in the answers for your state. Here are the answers I am familiar with,

1. If you are wanting to wholesale, why not assign it to a buyer before the 14th and only pay one closing cost? If you close on it and then turn around 1 minute later selling to someone else, you will have a whole new set of closing fees. Either you or the buyer will be paying.

2. Basically double on taxes and closing fees. Two transactions, two fees. In Washington its about 3% total of the purchase price.

3. You are buying from a realtor? How do you know its a deal a wholesaler would want? Is it a killer deal? Personally, I don't buy from realtors. Owners only. My attitude is why would I pay an extra 4-6% to Buyer/Seller realtors? If you would like help with more answers let me know.

Take care,

Lori Valene

Hi Hyunmin,

First of all, thank you for your service!

I am a wholesaler in the Kent WA are. 

If you need help in King/Pierce counties let me know.

Lori

Meeting the right people and getting deals done! Son! lol

Lots of financial intercourse going on!!! 

I heard that term from Grant Cardone! lol 

Listen to his freak'n podcast in here, you will see what I mean.

These meet ups are very powerful for networking.....lots of podcast speakers go to these meetings.