All Forum Posts by: Mitch Messer

Quote from @Dominic Joseph Jean:

@Mitch Messer 

I understand, 

Where are you in your real estate journey? 

For the next three months, sunny México! 😁

Quote from @Dominic Joseph Jean:

Hi Mitch, 

Thank you for your response I very much am grateful for the wisdom you gave 😁Did you use to mentor people in the past?

Yes, in the past I have both mentored (unpaid) and coached (paid).

Now, I just focus on doing deals!

(Much less stressful and waaay more satisfying...)

Quote from @Dominic Joseph Jean:

@Mitch Messer 

Thank you for showing me the ropes I appreciate it. 

I don't want to be a taker, but a giver 😁

@Laura Navaquin and@Jaycee Greene both provided real good support and advice! 

For support how can I give support? Do you mean providing value to people? 

What are you looking in a mentee?

Thanks, 

Dominic Jean

@Dominic Joseph Jean Nicely done: I see your votes!

And, that's really what I meant by "if you WANT support, you've got to GIVE support."

One of the best ways you can show your support here is simply to give a post a vote if it helped you.

Also, for the record, the best way to get great mentors ... ISN'T by asking for them!

You get mentors by just getting started TODAY however you can, in whatever capacity you can. Then, when you hit an obstacle or roadblock, post asking for help to solve that ONE challenge.

When you get responses, remember to say "Thank you!" to those who offer solutions, and then actually go APPLY the advice you were given.

Once you've done this, post and tag those who gave you their advice, tell them (publicly) how you APPLIED it to overcome the obstacle, and then continue pushing until you hit the NEXT obstacle.

Then, repeat. Forever!

The main reason I stopped being active here on BiggerPockets is that I got SO tired of folks asking the EXACT same questions over and over, and then never once taking any action!

This community is PACKED with wise and experienced members, but none of them is gonna waste their time if their counsel is never heeded.

Best of luck to you!

@Dominic Joseph Jean You've overlooked a crucial step that will absolutely torpedo your chances of success, guaranteed!

And, both @Jaycee Greene and @Laura Navaquin are likely too kind and polite to tell you.

So I'll be THAT guy.

When folks take the time to respond to your post with thoughtful responses and sincere encouragement, the LEAST you can do is give them a vote. It just takes a click!

As of my posting this response, you've not given a vote to even ONE of their responses to you.

That makes you look like a "TAKER," and I don't believe you want to be THAT guy!

On this platform, votes are how you say "Thank you!"

And here, as in life, if you WANT support, you've got to GIVE support.

Now, you say you're looking for a mentor. Well, let's see if you're actually coachable...

Quote from @Paul Whitney:

Hello,

Selling a rental in San Luis Obispo, CA and trying to redeploy equity in 1031 exchange to a better price/rental rate ratio location.  Ideally, looking for something along the lines of a 200k purchase price with 2000/month rental income.  Anyone know of locations within the states where this is possible?

If you'd settle for two $100K properties that rent for $1000/mo EACH, then you might want to take a good look at Tulsa, Oklahoma! 😁

Quote from @Lisa Spencer:

Mitch - What a BP Profile? 

BP (= BiggerPockets) profile.

Mine is here: https://www.biggerpockets.com/users/mitchblade

It explains how to reach me, since I cannot DM.

Quote from @Lisa Spencer:

Hi, Can anyone recommend a reliable contractor in the Columbus GA area?

Possibly. Specifically what type of contractor do you need (electrician, plumber, carpenter, etc.)?

Or, do you mean a general contractor?

Would love to help, if I can!

Quote from @Eyal Goren:

I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. 

How do people work with the clause and make these kinds of deals?

First, let's be very clear here.

The mortgage your speaking of is a private agreement between the seller and the lender. The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.

Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.

But no laws are being broken here.

So, subto is neither legal nor illegal.

Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.

But, it can work, provided seller and buyer are both on board and the proper process is followed.

Quote from @Jacob Luong:

Thanks every one for your recommendations. 

Hey Jacob, I'm happy to share recommendations and contact info with you. You will need to reach out to me, though. (I can't DM here.)

My BP profile page explains how.

Quote from @Nathan Frost:

Hi all, curious on any advice or tips here.  Inspection was schedule for today but when the inspector / my realtor arrive the power is off.  They also noticed the furnace and hot water tank is missing / stolen.  Seller agreed to install a new hvac, hot water tank, and furnace before I can do the do the inspection now.  So the inspection is pushed back 10-25 days until those items get installed.  Sounds good since everything will be brand new but is there any other leverage I have.  This could take 2-3 weeks to get done since the seller is out of the country.  Can I get them to come down in price or get them to install motion lights / fake cameras?  What should I do?  Be nice to get them come down in price or give me seller credits.  Bonus is I am getting new HVAC, Furnace and hot water tank.  Just trying to see if I can use this to leverage my deal in any way.  Thanks.

If I'm you, the last thing I'd want is the seller installing an AC unit, water heater, and a furnace right before closing.

There's ZERO incentive for them to do the work with the same "love" that you would. Plus, you'd have no control over the brand, size, or capacity of any of these units.

First, I'd want to see quotes from reputable contractors. And then, whatever the seller was planning to spend, I'd have them pay that amount to me as an cash allowance at closing.