All Forum Posts by: Michael Bredthauer

I don't think there is a problem with paying for a mentor, as long as you can be sure that the mentor is in fact doing real estate transactions. I had invested in courses in the past and some were a complete waste of money but I did end up getting into a couple that really changed things around for me. You really need to do your due diligence when making that investment into your education. 

Questions lead to confessions, find out more about why they need to sell and emphasize on how your going to fulfill their needs. Silence is your friend, ask questions and just listen for their answer, listen for the keywords that made them start working with you.

In that case just being upfront and honest about your position, you have to get to the why of the situation. An offer doesn't have to be anywhere close to an asking price, it just has to make sense to both you and the seller. 

You can eliminate your holding costs by finding a Title Company that will allow you to do a same day closing, typically this is going to be your small mom and pop companies, make sure that you are using full disclosure on the purchase and sales agreement and have a real estate attorney look over it before you use any special language. There are deals everywhere, a motivated seller is anyone that talks to you for more than 5 min about selling their property, you just have to be upfront with them, let them know you are a real estate investor looking to purchase properties in the area and you came across theirs. Find out their reasons for wanting to sell, let them know you are going to make an offer that makes sense to both you and them. Ask how much the remaining balance is on their mortgage if there is one or any other liens against the property. Once you have all this info, (ESPECIALLY THE 'WHY DO YOU WANT TO SELL' OR 'WHY ARE YOU NEEDING TO SELL') you can make them your offer. Remind them its a cash offer with no concessions and they can move on to whatever their goals, dreams, or needs are. You will get your first deal with this tactic using a listed deal on the MLS such as Possible Short Sales, Probates, Etc.... or off market properties from places such as Zillow.

@Lee Smith For sure, any specific criteria you are looking for? 

You cared enough to make a pretty massive deal about this

I goto the INREIA meetings 

@Charles Wilson How can you be upset if you are doing great? 

@Alex Hamilton, your sorta making my point that your here to bash @Jason Lucchesi by posting a link to this post that is has a sole purpose to bring negative opinions of Jason.  I took the time to look at the link from ripoffreport.com, and I have to say, it does not help your case. Whomever made the report was upset with Jack Bosch and his Land Profits Generator program, not the program or the person you are asking about in your post. 

@Tyler Shoaf I think it would be worth having a real estate attorney take a look at it just for future deals so you don't run into this problem again. Matthew Griffith with Griffith Law is a great Investor Friendly Attorney here in Indy who could really help you out.