All Forum Posts by: Account Closed

Thank You once again. I am the buyer. I have worked for companies who processed them, but I was never a part of the process to learn. The agent got in touch with me finally, and they are walking me through it. I appreciate the feedback!!!

The Purchase Agreement do I get that from the bank or from the company processing my short sale? I am doing it tomorrow :)

Thanks

Do I need to do anything besides show POF?

Whenever I marketed 1 bedroom apartments I always invested in one near a college or downtown near jobs. I have noticed a higher rate in offers from college kids, and those who just graduated, got a job, and it is downtown near all of the jobs. The majority of the time you will not find someone to rent for more than 12-24 months, however the traffic is always there. Also, use postlets to advertise, you may find more tenants that way.

Thanks everyone, I think I will just continue to use my hard and private money lenders.

I was recently asked about Personal Guarantors being used to back lots properties. Has anyone ever tried using PG's as a strategy to purchase more properties? I was doing research and I just cannot see people or companies backing properties with their assets. Anyone know anything about using them or is it just better to continue to use lenders?

The podcasts here are great. I also find it easy to find a mentor/guru and subscribe to them on Youtube and watch their videos. I have Than Merril's contact from networking, but he also posts Youtube 15 min. videos of all of his conferences, so you can learn from there as well. However, BP has more than enough information as well. Mike G is in your area I would network with him to get started and build your list of buyers/wholesalers to send properties out to. When I first got started I networked, then began co-wholesaling which is you see someone who is selling a property for 100K you go find a buyer for 105K and make 5K on the deal. Once you learn the basics get your properties under contract so you can make a bigger buck. I love to help people, so if you ever have questions you can let me know as well and I will get back to you asap.

@Na Miller

Do you have an idea of what type of properties you're interested in? Another great way to get information is Linkedin. There are tons of SoCal Real Estate Groups. Learning how to market yourself property is key. I have been doing marketing for 10+ years and once you network yourself and get enough connections everything will come a lot easier... your network = your networth

I have received messages like that before and I am always willing to help others. I would respond if I was you. It is all about network marketing, what if that 1 person came across several investors who wanted to buy 5 properties from you? The more people/bird dogs you have working for you the quicker you find properties allowing more time for you to get other things done. I was networking with 1 guy last week and he brought me a friend who is a manager at a hedgefund on wall street. So not I have a big lender and investor in my network. The more people you know the easier it is to get deals done.