All Forum Posts by: Lorraine G.

Hey Guys!!! Seeking some help. I am in the process of building my power team and I have recently connected with a RE agent. I have let him know I am interested in us working together for a mutually profitable relationship. We connected via facebook but I know him as the RE agent who rented my current home to me and we had a brief discussion at the lease signing a few months back about my desire to set out as a investor/wholesaler. Now that the door is open I dont want to make the mistake of presenting with nothing to bring to the table just yet. I am still in the process of building a buyers list and marketing to sellers and I have not gotten anything under contract yet. What is the best way to to approach this without sounding like a complete noob..lol He has access to MLS. What strategy can I present with to ensure he sees me as an asset and not a liability? Any help on this is very much appreciated!!! Thanks so much you guys!

Hey BP! I have a question and I thought I get your perspective first before taking action. 

I currently rent from a multi unit apart complex out of Newport News. It has been hell from the start but I am imprisoned by my lease agreement and cant move or at least that's my understanding. My home is currently a literal construction site and my fenced in back yard is full of debris, rusty nails, ladders left propped up against the walls and my patio furniture and BBQ grill thrown about as if they were trash. I work from home and take customer service calls for a living and must have a noise free workplace. I am the management office aware of this at time of lease signing and and let them know that I would need advance notice of any actions that would effect my work day so I could make the necessary arrangements and ensure my job was not jeopardized.  

The day before yesterday contractors began ripping up the wall right outside my window in my back yard with no notice which could be heard on the calls I was taking. I contacted the leasing office immediately and told them the men would have to stop and come back at 1:30 and would have a one hr window while I was on lunch to work. I was told by the leasing office that I was not allowed to tell them to leave but as they we putting my job at risk I told the to leave and comeback and they were very nice about leaving. Well they never came back but left a several serious safety hazards in my back yard. This morning they came and took their ladders and tools only and left all debris so when I took my lunch break today I went outside to remove the debris because I was scared my 4 yo son would venture outside and step on something or have something fall on him and in the process I stepped on a huge nail that went right through my shoe and now I am leaking blood and in terrible pain and still had to return to work so I don't have loss of wages.. 

I currently pay $950 per month for frustration, broken central air, a faulty fridge and stove but was told I am not allowed to have/purchase my own appliances, things in the house randomly fall apart as if shoestring and bubble gum pantomime just to satisfy me for the walk through at lease signing, Jeopardizing my income and my ability to provide quality of life for my family, and now personal injury and endangering the safety of my son and my family! 

When is enough, enough? What ground do I have to stand on legally when I signed a 1 year lease? At this point I am not even looking for financial compensation which I should be but I just want out of the lease and to get as far away from here as possible. Any advice is greatly appreciated. 

Thanks so much for reading.

@Account Closed

I cant tell you how much I needed to see this. I am now asking myself a lot of questions and really questioning what I have truly prepared for. You asked some hard questions that I have not asked myself when I call myself setting out to become a REI wholesaler I realized just how amateurish that is and the reality is anyone, especially REI newcomers who plan to be successful in closing morally sound deals need to be asking ourselves the hard questions and preparing to deliver greatness to those we serve!

Thanks so much for sharing your perspective! 

This information is awesome! Thanks to all who posted here I have many valuable takeaways! I am a newbie and was a little confused about the legality of the process with regards to the contracts for seller and buyer and assigning the contract. I have more clarity now! TYTY! 

This is wonderful advice! Thanks so much for posting. I have been a little stressed with what to say to sellers and building confidence on calls, this will help soooooo much! TY! I am already making plans to put this strategy to use!  I am actually looking forward to 5 failures! LOL!

@Brian Garlington

This is AWESOME!! Thanks so much for the info on John Bryant's Operation HOPE website! I will surly look into this! Also really appreciate the "first of many" line! lol That is exactly what I'm aiming for. I am going to find a few articles on the FHA loan process and benefits and really appreciate you pointing me in that direction!

Thanks so much!

@Michael Williams Your advice has added more perspective for me. Education is key and like so many others I initially had my focus on a fast start over preparation and the slow and steady theory! The Education offered here is beyond anything I expected and I decided to go pro to benefits as much as possible! I will be checking out Cody Sperber also! Very excited and looking forward to acquiring better a financial and REI education!

@Robin Wilk I love the way you think! I realize that this makes perfect sense. I can do all three. It is most likely that I should begin the credit repair process first and branch out into wholesaling and creative financing options as I gain more education. I had a bit of what I think is called analysis paralysis lol but In doing all three it eliminates the frustration in trying to pick just one route and also very empowering. Thanks so much! 

@Brandon L. I agree. Having a good credit standing will be such a great asset. I am going to take your advice put my focus on improving my credit, increasing my knowledge and building my network. I am reading your blog today and will be sure to ask any questions in the comments! Thanks so much for your guidance! 

Hey BP! I am new here and loving all the wonderful information. I am struggling to figure out if creative financing could be an option for me to fund my first investment. I currently have a 430 credit score and student loan and inherited debt. So traditional routes are just not an option. Initially I was thinking fixing my credit but that looks like it will take years and recently I have considered wholesaling as the road to building the funds to finance buy and hold. 

I am very new to REI any insight as to what route might be best for the fastest way to raising a down payment.. credit repair? wholesaling? or type of creative financing? I would love to invest in my first buy and hold towards the end of 2017.

Thanks so much for reading!

Hey everyone! New to BP and seeking a mentor local to Newport News VA or Hampton VA. I am seeking someone who has experience with Wholesaling and buy and hold in VA. Since joining BP I am so excited about all the education provided here but I am definitely noticing a trending warning to new investors about the importance of having a mentor when first starting out. If you are local and would like to talk I would love the opportunity to discuss goals in business. Looking forward to hearing from you and thanks for reading!