All Forum Posts by: Marvin McTaw

Hey @Troy Durrette start slow and see what you like. There are lots of sub-groups with the Atlanta REIA that you might like depending on your strategy.

Hey @Paolo Ruggieri I believe the partners at Shafritz & Dean might have experience in this area and are familiar with the rules. You might also try O'Kelly & Sorohan or Henderson Legal.

 Hi Beth! I remember Frank from the house up in Lawrenceville you had them look at. Can you message me his contact information? I have a ton of pictures and videos of the house I am need help on. Thanks!

 Yeah I did. I actually got a recommendation from another investor. I'll shoot you his contact information.  

I create seller financed notes in the course of business from both the homes I sell via seller financing and notes I create to purchase properties. I am looking for note purchasers of both residential and commercial properties. Please let me know your purchasing/investing criteria so I can better construct the notes we create. If you are a note purchaser, please feel free to let me know your purchasing criteria including: 

• Preferred tenor (e.g. 36 months)
• Target interest rate
• Seasoning requirements (i.e. # of successful payments made) 
• Minimum FICO scores
• Any other requirements you may have

Note: I primarily invest in the Atlanta, GA metro area. This is the area where the majority of the properties securing the notes will be located.

I don't think there's anything wrong with coaching and I'm sure it can help a lot. I wish I had a mentor and am actively searching for one now. Everyone needs a mentor. All that being said, this all ultimately boils down to your actions. You obviously don't know what you don't know. A mentor can not only help you figure out what you don't know but also help you get more educated. 

On another note, you can also figure out all this stuff on your own. Real estate investing, especially wholesaling, basically boils down to taking massive amounts of action. I would recommend you look for free resources online and check out some of the wholesaling gurus out there like Sean Terry, Todd Toback, Stephanie Davis, John Cochrane, Larry Goins, Cameron Dunlap, Kent Clothier, Ron Legrande, etc. and read through their free materials. Many of these people have other ways to consume the information as well including podcasts, YouTube videos and more. 

There are also tons of free educational materials here on Bigger Pockets. I think there's like a "Low and No Money Down" free e-book they make available. 

Instead of investing the $6,500 in a mentor who's basically just going to make you feel good, I'd read through the tons of free stuff out there, network on bigger pockets and get your start that way. You can take that $6,500 and use it for education, marketing, etc.

Hi @Jonathan C. and welcome to Bigger Pockets. Definitely sounds like you've caught the real estate investing bug. Good luck to you as you and your fiancee get started out. If you need any help with anything don't hesitate to ask. Thanks!

@Todd Whiddon - I'm interested in the stuff. Can you send me a list of what's in there? Thanks!

Call Matt Schuurman at Shafritz & Dean. I've used them for assignments and Double Closes and they can help you get your deals done. They also have offices all over the Atlanta Metro area which can be helpful.  

Hi Ammon. I can feel your frustration just from the words you've written. Wholesaling can be really difficult if you let it be difficult. To make it easy, it essentially boils down to the following: 

• Figuring out what true, active, cash buyers want and what they are willing to pay
• Go and find it

It ultimately makes it easier when you know exactly what you're looking for and don't spend money marketing on deals you may ultimately never be able to close. You can find true cash buyers at the foreclosure auctions, in the tax records or do some marketing for them. There are also marketing list companies on which I'm sure you can pull records of active cash buyers.

In terms of marketing, I don't know exactly what you're budget is but it boils down to getting the people to call you. You can do direct mail (effective but relatively expensive), driving for dollars (i.e. look in the areas where your buyers want to buy), bandit signs in your target area (i.e. where your buyers want to buy) and/or contact For Sale By Owners in your target areas. You can also purchase leads or look for other wholesalers who already have inventory and just bring along your buyer. Once again, it just boils down to finding what your buyers want.

I would also encourage you to learn about other ways to do deals besides just wholesaling (e.g. lease options, structured deals, referrals) because you can get a better yield (i.e. more deals and money) from your leads. 

If you're interested in learning more, feel free to send me a message and good luck!