All Forum Posts by: Mark Williams

I am upset to meet someone from Biggerpockets that I found to be rude. I recently posted in my forum about starting a team out of state specifically in San Antonio, tx. And this guy commented on my post. He also sent me a message. I was browsing his profile in BP but there’s not much activity. He has his own recorded youtube about him in his BP page that says he has been doing this for years that he does not only coach but he offers partnership with 100% financing from him. I decided to give him a call and I finally was able to talk to him. He said “tell me about yourself” and so i started telling about myself. In the middle he cut me out and said “so you reached out to me because you want a coach?” And i said yes. He started telling me what he does that hes not only a coach but a partner that he finances 100% of his deals blah blah and he said ‘it costs 15k to join our team is this what you want?’ And I said ‘well yeah i would like to learn but i dont have 15k’ and he sounded irritated cutting me again telling me ‘forget about the 15k Im asking you is this what you want?’ And of course i said well i want it but i don’t have that money and he asked again ‘is this what you want’ i just said ‘yes but not now’ and he just said ok thank you and we hung up. I’m like upset because Im trying to understand that most of the people here are experienced investors and I respect that you guys dont have time for any BS and would like to continue to invest but I don’t think there’s any need to be that aggressive if we newbies are undecided especially if it involves that big amount of money. We are not millionaires who have a lot of disposal money. We are not BSing either. If we have some amount to invest it’s from our hard work and we understand that there are risks involved in investing I just am not ready to pay 15k or installments to that amount for coaching yet. I would like to meet investors who are willing to be mentors who are a little kinder but with good intentions too. Good day all.

 I get 90% of me deals from wholesalers, so I do not submit offer, I can get as many as I want. Holding off, why?  

I hadn't thought of it that way. Tho, I've read that 80% of real estate agents make it one year. Some make it two years.

Currently there are about 48,165 active agents in Maricopa County, AZ. Redfin says only 1,347 homes were sold in the last 30 days. That isn't very many homes. Some real estate agents aren't eating, just are not enough sales.

Let's assume there are two agents for each sale, one selling agent and one buying agent, that means 0.05593% or that's about 5 1/2 % of agents participated in a sale last month. That doesn't mean they will participate in a sale this month or next month.

One Facebook group of “would be” Creative Finance "investors" has about 115,000 people signed up. They do about a dozen deals a month all told. That's about 0.000104 % Some of those people purportedly pay $8,800 or more to be part of a "special group" where other people who also aren't doing deals are telling them how to do deals and making them "feel like part of a community".

So, your comment: "I bet its below 5%." I think that's very overly optimistic.

The thing about it, the right personality with the right one on one training, makes a fortune.

Oh boy have we come a long way in just 6 years! I think I posted this my first week on the job at BiggerPockets. 

Not only do I still have that first property I mentioned I was looking for in this post, I have 16 MORE doors with my husband

I'm also still in publishing at BP 😉

I'm currently looking for my first property that I plan to rent out for 8 months as a STR/MTR and live in the other 4 months. I am curious wether buying a townhouse vs a stand alone home will change the amount of revenue it will bring in. I understand a house may be more appealing but is that worth it when townhomes are usually cheaper per sq/ft

since youre in that DMV......I would extend my reach out to about an hour away radius.......hit code violations, probate attorneys and preforeclosures HEAVY.......also throw some driving for dollars. 

I would also find an aspiring Wholesaler too who may have done 1-5 deals......offer them small equity play for good deals as well as mentorship on flipping. youll get the deals without the wholesale fee that way. 

@Jennifer Wood Unless you have good connections and establish boots on the ground in those "less strong" markets I'd advice you not to try flipping RE there. I don't even like the words less strong. That just implies less market demand and less buyer pool. It's already hard enough to find profitable deals let alone qualified buyers in the current market. It's impossible to predict next year but the odds are favorable rates stay high, prices high, and this continues applying pressure to buyers (your client). 

Build something in your backyard. It sounds clever to invest in OOS or in other cities but I'm telling you it's not. I'm friends and acquaintances with investors from OOS. None of them started out that way. The first deal they did was local and easy to manage. They got their feet wet then attacked another markets. Cheers.