All Forum Posts by: Mark Pantak

Unfortunately (now think about this  carefully) thIs former non profit group of over 25 years for the benefit of members that I helped support & build for many years was “taken over” By people with only their own interests in mind. As far as I understand, they not only stole a group that belonged to the members & turned it into their own for profit group, they then stole the monies out of the bank accounts that was the members money, and stripped the club of it’s assets and then SOLD THE GROUP to another investor who has since changed the name. I know of some former members who are really pissed off by all of the unethical behavior & have been working behind the scenes to see what can be done. One of the first things they did is run off or kick out all members with any opposition or ethics, so they could steamroll as they did. We now run several meetup groups which are free which help people. 

I am an experienced investor in Houston, very busy, I don’t think they let me leave my phone number or email? You can find me on LinkedIn or Facebook (under M Ray on Facebook) 

Just listen to investors like Warren Buffet, 

'Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years'

As experienced real estate investors, we are always buyers for quality long term product, where the demand is there, and we buy at distressed price / terms which favor us for the long term. We do NOT speculate, we invest, and we “structure and buy based upon worst case” and NOT best case speculation. We are buying now, and we enjoy helping others “buy right” Investors make money when we buy. Feel free to contact us, we speak all over the country for free, which brings us deals, private lenders and JV investors. 

Hi Tony, not sure if I can leave my phone number and we are all busy, best to just call or text me. I am old school. Will be speaking in Birmingham, Atlanta, Charlotte, and Raleigh next week. In a training all day this Saturday, we are all busy. Let’s schedule a time to talk. 

The game is silence people …

(if anyone has the guts to contact me or do their homework … I can prove my side of the story) 

Guess Marshall Hooper is NOT capable of “reading the rebuttal” or perhaps … (you have been asked to post this by the Rich Club?) anyone who does their homework will see that this is how they now operate … they have their people go after anyone who questions them … (just like the politicians) 

Or maybe you have “never been a landlord and had to deal with tenants who LIE and don’t pay rent” and it is pretty obvious what your intentions are here … 

So don’t be surprised when complaints show up on Ripoffreport about you … by the way … the company that posts this SCAM … they will REMOVE it for a “large fee” 

They are a Ripoff company … anyone can say anything about anyone … and good luck getting it removed off of the internet … facts don’t matter … and some people are foolish enough to believe anything they read online … just look at FB and Fake News … 

Listen to Jeff and Ned, BiggerPockets has a lot of free information and I have a free meetup group here in Houston and can point you in the right direction of a lot of local resources

It is not like it used to be … back when I was on the board of directors at the Rich club, back when it was a non-profit for the members benefit and I used to bring LOTS of people there and pay for my membership by bringing new members. I have been told (some time ago) that I am no longer welcome there, me and everyone with experience who have worked to help protect people … now I warn people about most of these groups … just start with the structure … it was taken over as a “for profit” group … all you have to do is look to see who is making most of the profit … it is no longer for the benefit of the members … 

There are plenty of other groups to check out, many are free or very inexpensive … 

What I can tell you about most of these groups in 2018 is “watch out” and be careful … the gurus will tell you anything to get your money and you don’t have to pay $10,000 or more to get help … 

Having been a "professional wholesaler " many years ago, in Houston, then on the board of directors for one of the largest REIA groups in the country in that same city. At some point you learn to train others how to do wholesaling right, by the real numbers, with a complete & real package as I taught them to prepare to sell me their deals. For many years I taught the Wholesaling Focus group & would leverage my time by speaking & teaching & buying in that one Market. The bottom line is many people are self centered & lazy & don't want to do the work. I get all kinds of emails from "wanna be wholesalers" who I do not know? & their deals are crap? Have bought zero from any wholesalers all of this year. When it gets this bad, like in 2007-2008 & people are bragging about the money they are making doing no work? And everyone has become a guru selling crap to newbies. We are close to the end of a market cycle. There are always wholesale deals & when there are too many people willing to pay too much money, you are not going to see many real wholesale deals. You have to go get them yourself. That is what I do, then I buy them myself. There are always deals, you just have to know how to find them, not on the MLS, not on the internet, not with a wholesaler. My best deals have no competition & are word of mouth. You can sometimes find a deal from any source & when I can put a junk house on the MLS & have multiple offers above the wholesale price? Why wholesale what I got?

Hi @Brad Kesell and welcome! I am an experienced investor, over 300 deals over almost 30 years. have made and lost money in most market cycles. We are over due for our NEXT Market Cycle? so be careful! Prices have run up to new highs in most markets, true wholesale deals are harder to come by?

They are National Gurus pitching over priced training around every corner. BP is one of the best places to get help and get your questions answered. At this point, if you are going to get into a rehab to retail flip? make sure that you have multiple exit strategies? including holding as a rental if you have to?

Make sure that you know the landlord-tenant laws in that state before you buy! Many newbies have been watching too many reality TV shows about how easy all of this is? then they 1) Pay too much!

2) Hire the wrong team / realtor / contractor / and lose money 

3) The house can not sell for what they projected and sits? something is wrong? 

it can be the location? hard to fix! or the price? often the case? or the agent? or not a good rehab?

It needs staging? it needs marketing? it needs something! make sure you go slow enough to cover your bases? and if you are a buyer? maybe I can find you a wholesale deal? Which markets are you looking to buy in? Feel free to let me know how I can help? I am new to BP too! Best wishes, Mark

Hello Everyone, (I have been buying houses & creating & selling notes & partials for about 25 years)

My specialty is creative finance & seller finance in Texas since I love that I can foreclose quickly!

Partials can be a good investment, just be very careful that you understand EXACTLY what you are getting into? make sure that you have ZERO Assumptions and the right attorney on your team.

Be prepared to go worse case scenario of foreclosing on the lien.

Make sure that you like the collateral, that you know & understand your documentation?

that you have had your attorney review the documentation to insure that you can foreclose if you have to? and that you understand how much it may cost? how long it may take? and the required laws in that state so that you are compliant with state and federal laws.

Make sure that you start out with a PERFORMING First Lien and not a second lien or an NPN?

NPN stand for a Non-performing note which means they are in default and not paying.

Also make sure that the property taxes are current? the status of fire insurance and if the lender is an insured party? (You could lose all of your investment right here?) 

and make sure that you understand the risk and what you are required to do to protect your investment?

You do not have to spend a lot of money with some National Guru in order to buy notes! Hang on to your money! and the one place who i do recommend for good, honest training is PaperSource and their National Convention is coming up in Las Vegas in April! You will find that Eddie Speed, Note School and most of the Note Gurus will NOT be speaking there! you can come to your own conclusions regarding why this is? Be careful about anyone making their money selling $10,000+ coaching / mentoring / training programs! BP is a good source of information! 

If I can help in any way please let me know? I am always looking for notes to buy & buyers or notes. However we must establish a working relationship before I do business with anyone.