All Forum Posts by: Robert Burns

This is why I find wholesaling a challenging niche. I'm working with some sellers of a really nice inherited property that needs significant cosmetic work. ARV: $205,000. I talked to a rehab/flip couple I've worked with before and they came and looked at the house. They want to offer $93,000. I went to them 1st because I thought they would make a better offer and streamline this process. but they "low balled"! I'm in S. Louisiana and we had a horrible flood 18 months ago and we were making offers like the one above on flooded and gutted homes. Should I just expect this as being part of the wholesaling niche or just move on to a different niche?

Does anyone have experience with Than Merrill's Wealth Fit program?

Has anyone had experience with Justin Williams mentorship program?  If so, I would appreciate any positive or negative feedback!  Thanks in Advance!

I was wondering if anyone has had success using a Probate Lead provider?  I have been collecting probate leads directly by going to the county clerk of court website and going into the probate files to get the info I need to do my mailings.  What are the advantages, other than saving time, for using a Probate Lead Provider?  Thanks in advance for your replies!

Have a Great Day!

Bob Burns

I've been an investor for about 8 years and have done relatively well but I'm going to get my real estate license so I can take advantage of leads that now I pass up and make money in so many ways that I can't as just an investor. For instance my marketing brings in a lot of calls from sellers who want retail or very close to retail price for their property and therefore are not investor property prospects. If I had a real estate license I could immediately shift gears into listing mode and get a listing contract and work to find a buyer for their property which I could not do as just an investor. I also can get fees for referrals, collect buyer's agent fees. Also a huge benefit is having complete and constant access to the MLS.

I've been an investor for about 8 years and have done relatively well but I'm going to get my real estate license so I can take advantage of leads that now I pass up and make money in so many ways that I can't as just an investor. For instance my marketing brings in a lot of calls from sellers who want retail or very close to retail price for their property and therefore are not investor property prospects. If I had a real estate license I could immediately shift gears into listing mode and get a listing contract and work to find a buyer for their property which I could not do as just an investor. I also can get fees for referrals, collect buyer's agent fees. Also a huge benefit is having complete and constant access to the MLS.

I've been an investor for about 8 years and have done relatively well but I'm going to get my real estate license so I can take advantage of leads that now I pass up and make money in so many ways that I can't as just an investor. For instance my marketing brings in a lot of calls from sellers who want retail or very close to retail price for their property and therefore are not investor property prospects. If I had a real estate license I could immediately shift gears into listing mode and get a listing contract and work to find a buyer for their property which I could not do as just an investor. I also can get fees for referrals, collect buyer's agent fees. Also a huge benefit is having complete and constant access to the MLS.

So I'm getting my license and believe it will benefit me greatly!

I have been running my real estate investment business for a while focusing on wholesaling and lease options.  I periodically consider getting my real estate license and I know there are pros and cons so I thought I would ask the BP community for feedback.  Thanks in Advance:  Bob Burns

Brian, Thanks for the reply. Do you know if a custodian is required to report prohibited transactions in the IRA in which they are custodians? I am being proactive but I was just wondering how these things are "figured out" as you said?

I made my custodian aware and their reaction is to close out my IRA and send me a 1099. That's all they've said they would. They made no mention of helping me with the prohibited transactions.