All Forum Posts by: Matthew Kimball

@Cynthia Williams I would love to connect with your business partner here in Lake Stevens. Please have them comment on here or message me. Thanks.

Hi @Jacob Jones.

Don't remember the policy on sharing companies so just message me if you want websites, but here are a few companies.

1. -Evergreen Print and Mail. The mastermind group I am a part of uses them a lot and I hear they provide great service.
2. -YellowLetterHQ. This is the one I have been using for my mail (though not a ton of mail yet) and they have been quite easy to use. Decent price and good selection of mail.
3. -Yellowletters. Another regular mail house.

Figure out the quantity of mail you plan to send. The type of mail (postcard, letters, etc). The style of mailing you want to send if you are doing non-custom mail. Then do a price comparison. I think most of them are pretty reliable for regular mail. It's when you start doing a high volume that the specifics and penny savings really start to add up.

Welcome @Cynthia Williams.  I am a wholesaler and flipper in Lake Stevens, WA so I don't do many deals in that area, but if you want to reach out to me I have a good friend who does a few different things down in that area. I think one thing for you would be to dive into one or two specific strategies to focus your energy on. Most investors are keeping an open mind to all sorts of ideas, but I would say the more successful investors are more clear on what primary method that want to push forward with. Good Luck!

@Jacob Jones  Here are a few more thoughts as well about mentors.  This is a post that one of my Mentors did recently somewhere else and I think some people will find it helpful. I'm sharing it as additional food for thought. I hope it will help someone as they look to those who are where they want to reach.

"Here are some things to think about when looking for a mentor (from my experience at least).

1) No one is going to mentor you for free, it doesn't have to be money but it certainly won't be because you said "hey, I see that you are successful and I NEED a mentor, will you be it?"

2) Going back to step one, instead you will need to add value with nothing expected in return. And don't ask what they need because that is just another "to do" that gets added to a successful persons list. Instead, know your skills and your abilities and use that to help them and propose what you could do to help. That stuff gets noticed and you will slowly work your way in.

3) Going back to step one, pay for it as there are a ton of great coaches, trainers, mentors out there. But it's up to you to find those that you should personally work with. That decision is likely different for everyone, and if you keep reading I'll show you why.

When you are looking for a mentor, coach, trainer, etc... who do you pick?

1) You need to pick someone you align with, core values will drive you there. Figure out who you are and then who out there has similar values to you.

2) Find someone who has done what you want to do and replicate it. They should have gotten to the place you want to get or are ahead of you on the way there!

3) When you find that person that you see yourself becoming or following, go all in and follow them. Listen to them, buy their stuff, dig into their material, don't get distracted. This goes for someone you pay or
someone you help. Don't question it and execute and take action.

Sorry for the rant, I just see a lot of people looking for mentorship but just aren't willing to put in the time or the money. Actions, that's what speaks loud right? It's just like wholesaling or business in general, we need time or money and who better to invest either in than ourselves."

Sorry my phone wouldn't let me edit... Jacob!  My son is Jason so it autocorrects. :)

@Jacob Jones You can reach out to me Jason with questions. I'm in Lake Stevens. Happy to share some experience.

@Theresa Gordon I applaud you for taking action and getting a deal!  Nice work. Did you end up doing the deal? Let us know what happened.

As far as your questions, have you done some good searching on the website and on other websites? I'm not trying to skip answering, but there are likely many posts on these topics.

1.Without seeing a property in person or with lots of pictures you can only truly guess at the numbers.  this can be done, but you, as the wholesaler, need to determine if you are going to provide "strong" numbers or allow the end buyer to start from scratch and not provide a starting point. End buyers (investors and flippers) are always responsible for doing their own due diligence, but you may be best to at least provide a best estimate of numbers. See the property or get pictures, look at comps, review your local assessor, mls and other listing sites and get an estimate.

2. Have you looked at any comps? This is one of the best ways to see what land is ACTUALLY selling for.

3.) Again look at comps.  Remember to include the demo costs if you are expecting a flipper to demo the house, or consider doing the demo yourself to have a piece of raw land to sell.

good luck!

Overall I agree with @Jerryll Noorden

Design #1 appeals most to me.  Take it from someone who spends much too much effort on stuff like this... if one particularly appeals to you, then go with it. I think it is an important decision for YOU, but not as much for others, so go with your go and keep moving forward.

@Sergey Lomakin I would be very interested to learn more about this deal. I am in Lake Stevens and have not come across any deals that actually "qualify" for BRRRR so I would love to see you numbers if you are willing to share them on here or you could message me. Would love to connect if you need any assistance with the design for the property or if you might need help in the deal.

As far as the specifics of the deal I am not familiar enough with tax strategies to offer specific advice, though a seller finance seems like it would be a great option if possible.  Do either of you have a CPA or tax professional you could speak with directly?  How long has she held the property?  That would certainly make a bid difference.  Perhaps there is some way she could transfer the gains into the annuity with less tax hit?

Good luck for sure.

Looking forward to the meeting Jennifer and can't wait to hear some stories of your amazing trip!  Looking forward to having some good discussion.