All Forum Posts by: Stephon Meadors

Brandon,

Wow! Thanks man. My partner Ed and I are the same way. Motivated to succeed and willing to help ANYONE who is looking to do the same. Thanks again

Best Regards,

Stephon & Ed

Tracey,

Thanks! I promise we won't stop. See U at the TOP!

Stephon & Ed
RM Equity Investments LLC

Terrell,

Thanks! Whats going on with the Eagles?

Hey Jon,

Thanks! We've been inc. since 8/23. 3 Deals in first 60 days. Awaiting 2 closings next week and one in December. But that's not enough. 10 Deals before 2013 is the goal. Its fun, its exciting, and its really easy! No money, no credit, just patience and determination is all you need. I never thought I could sell a 300K house with less than $5 in my bank account. Only in America! See U at the TOP!!!

You are 100% correct. I send out about 40 letters/wk. Spend about $50 give or take. You'll get about 4 solid leads, 5-10 returns, and the rest no answer. Out of those 4 leads you close 1 deal, profiting 5-10K. Was that $50 investment worth it? Warren Buffet says "focus on the what not the when". Everything takes risk. Don't contemplate, take action. Yiou want to mail out weekly, create a system, so your business and money can work for you

Hey Leon,

Great questions! Our direct mail letters target owners of distressed and vacant properties. Probates/Estate owners as well. We get our lists from driving around(be economical), probate list at courthouse and my realtors (must have a power team everyone). We mail out the letters using a script on yellow notebook paper, attached our business card, and send away. A new tip from an investor we got was to put a $1 bill inside the envelope(dollar bill showing in window of envelope) and inside a statement saying "there's more where that came from, give me a call!" with your card and letter. Creative and has helped him with good solid leads. Finally we find cash buyers with bandit signs(must use), ghost ads, and REI meetings. GUYS u must go to these meetings!!!! Dont listen to the non believers. Ed and I traveled to Charlotte from Raleigh this morning to attend a $3 meeting and we met 3 CASH buyers looking for wholesalers to work with. Self-explanatory. SEE U at TOP!

Hey Josh, great question. I got creative man. I had a yard sale one Saturday afternoon. Made about $250 selling old comics, video games, teddy bears, man it was all kinds of stuff out there. Turned out and ends into profit, instead of making an excuse, I made it happen. By the way, all those things I still purchase from Dollar Tree.

Hey Brandon,

Thanks! Of course we would be willing help anyone looking to get into real estate investing. We are currently using direct mail, flyers, bandit signs(if u dont use them, dont expect to be successful) and other creative forms of marketing. We are selling to CASH buying investors/builders/rehabbers who are investors. Our 6-8 month company goal is to build capital and start rehabbing to sell to retail buyers and make a bigger profit. Hope this helps!!! See you at the top.

Stephon and Ed

Hello ALL,

Its been a while since we've checked in. It has been a very busy 2 months. For those that do not know we are located in Raleigh,NC, the #1 housing market in the US, fact not fiction. We found that out and started wholesaling IMMEDIATELY. With absolutely no experience, no money or job, my partner and I started a company. In 3 days we formed an LLC, in August 2012 and 60 days later we have reached an agreement on 3 wholesale deals totaling over $40,000. We are days away from closing and it is exciting. The ease of wholesaling only motivates us to do more deals. 10 deals before 2013 is a goal we are striving for as a company. Without goals your company has no vision nor path. Last 60 days we've met some incredible people and networked with knowledgeable investors. The TIME is NOW is a common theme talked among all investors we speak to. Now is the TIME to be investing in Real Estate, no matter what your strategy is, we just chose to wholesale. See you at the top!

Stephon and Ed

Hello everyone,

Im Stephon, a newbie real estate investor/wholesaler in the Raleigh/Durham and Wake County area. I grew up in the area so Im very familiar with area. No real estate school or exp. Taught myself through internet and networking. Attended my first TREIA meeting recently and met some valuable people I must say, but I still have some questions I need answered...

1)What does a sample NC RE purchase/sale agreement contract look like? (I know what clauses/contingencies, if any to have, just need a sample i guess(verbiage)

2)Are there any transactional funding lenders in the Raleigh area?

3)Do I need to befriend a Realtor or agent to get comps or continue to research myself? And should I tell them Im a wholesaler because I've read where that may not be a good idea in some deals?

4)So I have buyers(cash) lined up and I know what they looking for, but It seems those properties aren't available. What am I doing wrong or why I am I not finding those properties?

5) Lastly, any recommendations on a title company in the area, one that will double close, if needed as well?

That felt great! Just asking these questions took a load off. Hopefully someone can answer or give some insight on the questions. I have a tremendous thirst for knowledge and really looking to make an impact in real estate in NC for the next 10 years. Thanks to all in advance and see you at the top!

Stephon Meadors
RM Equity Investments LLC