All Forum Posts by: Pierre A.

Hey I am also going through an issue with a seller with Caliber home bank who services the loan for an investor named “LS F11 Master Participation Trust”. They claim they do NOT do short sales because they’re private investors. We have been trying since 2019. Has anyone had any luck getting in touch with someone from that trust?

@Brian Garlington would you mind sharing that lender, most lenders I’ve come across won’t touch certain neighborhoods on the east side

@Uri Gofman what area do you invest in?

@Daniel Goldfinger I can help you with that

@Brandon Rush @Jamila Thompson just to piggy back off Brandon I would definitely start with a FHA program. I used NACA to get into my first multi family and my entry fee was right around 40k. Great way to start building wealth, appreciation, gain the tax benefits all while learning to be a landlord (if you don't hire a PM) and live either free or pay way less than you normally would for rent.

@rick 

@Rick Corbett Jr. 100% agree. NY, NJ, AZ, OH, GA, FL

How about yourself

@Rick Corbett Jr. I agree. Definitely better to have more tools on the tool belt. I am currently learning from my mentor Pace Morby in his subject to program. A ton of invaluable information.

Following

@Erik W. That’s not quite how sub2 works. Look at it as another tool on your tool belt. Some deals won’t work for wholesale and this may solve their problem while creating a win-win. I would only present this option after they have exhausted or at least considered all other options first. There is also a performance deed in place that basically gives the house back to the original owner if I miss a payment or late one time. I feel like you’re going to face harsh rejections regardless when you’re cold calling 500 ppl and you’re looking to find wholesale deals. That’s part of the game and if you don’t have thick skin you may be offended by some peoples response. I wouldn’t let that deter you from actually taking action and calling.

@John Farady Thank you for sharing that in detail. You make very valid points especially when getting started in real estate in general. Those are absolutely a must to have when joining a mentorship program. In my opinion, Pace Morby (person teaching the course) has not only walked us through the steps, showed us his systems, gave us access to his team of lawyers, transaction coordinators, acquisition managers, and dispo managers. He has even went as far as calling our sellers and providing us with a list of motivated sellers for specific markets. He wants to see everyone win and not have any excuse not to succeed. That to me is priceless!!