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All Forum Posts by: Michael Macklin

Michael Macklin has started 5 posts and replied 157 times.

Post: Should I use the $155k loan I'm approved for now or wait a year?

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Hi. I was reading your post. I currently am looking into investing with Clayton Morris. He buys property out in the Midwest as well as Jacksonville property and sells them as turnkey properties. For the 155 you are approved for you could get at least two properties bringing in cash flow of around 1400. Maybe look him up and see what you think.

Post: Looking to Connect with Raleigh Based Wholesalers

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Jack Nguyen what types of homes are you looking for? Home many beds, how many baths, what price point? Let me know what help I can provide. I am in the raleigh area.

Post: *In Search Of* Eastern North Carolina Mentor

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Sebastian Kressley since you are just starting out I would like to give you step 1 and give you a road map of sorts. Step 1 is to find out what it is you want to do (your niche). You find this out by picturing your end game and working backward. A big part of picking your niche is by deciding how hands on you want to be and how much time you want to dedicate to your choice. Next, you want to educate yourself. There are a ton of books you can read. I would look toward books that mirror your situation. This will help you avoid the shiny object syndrome that leads to over analysis. Once you find your niche and learn about it, you want to set clear goals. Again this is to keep you focused. After you educate yourself you want to network and brand yourself. People have to know who you are and what you want. Don’t be afraid to tell everyone you know. Most importantly put your pride out the equation. You have a goal and nothing should be able to dissuade you if it’s meant to be. Don’t let mistakes, embarrassments, or problems that WILL arise deter you. If you’re hungry show people just how hungry you are. I agree you should have a mentor but, the way to get a mentor is not to ask for one, it is by attracting one. Make their time worth it. What I mean is find a few deals and ask people’s opinions on them. They will be more than happy to give you a few quick pointers on maybe some things you missed or some thoughts on what they like and task you with finding those things. The real estate game and business as a whole is about attracting people with value. To quote Tyrone Taylor “if you have a great deal, people will find you. But, they must know you exist and see value in what you have to offer.” I sincerely hope this helps you get in the right mindset and at least gives you a guiding point in the first steps of the journey you are about to embark on. I leave you with this final thought, success is not a destination but a journey. Every step you take is a step closer to the destination. Enjoy the journey.

Post: Financing BRRR question - commercial or personal loans?

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53

@Justin Bock I used to work at New Penn Financial out in Raleigh.  I could definitely give you some contacts out there of a great group of people who can really help you out.  The main person I would suggest you talk to is Daquan Daniels.  He is a very knowledgeable and helpful young man who will definitely get you the answers you need.  Shoot me a PM and I'll get you more info.  Hopefully this helps you. 

Post: How to find private lending for buy and hold rentals

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Alex Deacon i would like to speak with your lender if possible. I have deals waiting. Just need the shot to start making things happen.

Post: Newbie in Asheville, North Carolina

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Jody Schnurrenberger I’ll see what my wife wants to do. If not there I think we should schedule for the here of us to sit down to coffee or something of the like to see how we can help you.

Post: Newbie in Asheville, North Carolina

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Jody Schnurrenberger welcome to the site and thank you for your service. I am a retired army guy and live in Raleigh. Raleigh is very hot right now. Places are selling fast. If there’s anything I can do to help a fellow investor and veteran please feel free to reach out.

Post: What to do with 40k?

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Sorry I meant well. Benjamin

Post: What to do with 40k?

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53
Will there are many things you can do with the 40k. Depends on how active you want to be in the process.

Post: Newbie from Raleigh, NC

Michael MacklinPosted
  • Mortgage Consultant
  • Raleigh, NC
  • Posts 181
  • Votes 53

pat I have not currently gone in with partners but would be open to discuss it.  Lets set up a date and time to talk.