All Forum Posts by: Account Closed

Works great..... And yes that is the ad icluding circles.

TC ask me again because I cant remember you ever asking a question I didnt answer...

And if you notice I am not selling anything... The FREE books on my website are guess what FREE...

A Spammer... That almost sounds like a bad word...

Jon I dont buy rentals, I buy and flip... and Do a ton of deals... Also help as many as I can...

Some here get offended that they cant do the deals but there are always cry babies out there...

Myself I just do deals... And i dont brag I just say how it is...

Michael Quarles

Here is my ad copy of one of the two classified ads I run....

I agree Mike however when you get to over 200 deals in a SINGLE year using your method let me know then we can talk on a level playing field since I accomplished over 200 using mine. Until then I will stick by my statement that the best way to buy houses is without cash or credit...

For a Moderator on another forum I am surprised you don’t know what "Over-Leveraged" Means...Since you’re buying them at "pennies" on the dollar you aren’t over leveraged... However there are investors who didn’t buy at steep discounts and who now are upside down and their properties have declined in value and they can’t sell them, now the investor is facing a financial hardship..

And Congrats on the find, it sounds like a good one... I wouldn’t have used my own money or my credit and if you would like I can show you how that is accomplished... You are going to hit a wall before too long and won’t be able to invest using your method...

Happy Investing...

Michael Quarles

Ken I have to disagree just a little... Although the split is advertised in the MLS that in itself doesn't require the Agency with the listing to honor the split and in fact some will not honor it with "discount" companies.

And on the listing agreement although it has a place to indicate the split to the selling side the verbiage is so vague that the listing company doesn’t have to honor that commitment.

Which is why it is common to see a commission agreement signed prior to submitting an offer on a property.

Weird little rule but I guess in the past it was determined that it was a violation of fair trade..

And in order for it to be MLS friendly the listing broker is only required to send via certified mail a letter stating that no commission will be paid to "X" company...

Michael Quarles

I have a better suggestion...

Buy a bucket load of equity, without cash to purchase and without using your credit...

Lets face it.. The investors who over leveraged their portfolio are the ones in deep trouble, can’t sell and are damaging their credit.

With that said you if they are cash flowing who cares. As long as they aren't cash flowing because of an ARM.

As for personal residences and whether to leverage them or not... I don’t use my HOME as a tool... I use my tools as tools... If you have to have a mortgage on your personal residence that fine but don’t go and pull out everything to buy another property.. That’s foolish..

And yes the older you get the more important the idea of security is...

Answer youre telephone when it rings... My goodness. If you cant hire a service... Mine cost 125 plus 2 bucks a call and they ask my questions...

Imagine ordering a Pizza from a voice mail system... You wouldnt would you...

Sellers in distress, the only kind we buy from, will call until they find someone to solve their problem... You must be that person or they are going to call your competition...

I have been on contract signings when stupid investors call back...

Michael Quarles

On the other hand get out there and start doing some deals.... I make more money in one month then my wife, with her seven years of college, does all year long...

Go get them

Michael Quarles

I would agree asking hte "Right" questions is extremely important... Having the information about the prospect is extremely important... Understanding how to make a presentation is extremely important...

But make your presentation in person... You can find the "Rat" easier in person... All I care about is that the seller is in reality land...

Michael Quarles