All Forum Posts by: Roberto Ramos

@Sean McDonnell thank you for the feedback.

One of my leads is a mobile home that the owner is renting. She does not have an official written lease but says the verbal agreement she has with the renters will end in December 2019. Should I pressure this lead? If so, what options do I have as far as the renters? Should I make them sign a lease that ends in December per the verbal agreement?

Are there any other things I should look out for?

@Erin Auman

Definitely understandable, my suggestion would be to read a book called Secrets of the Millionaire Mind By T. Harv Eker.

You will need to change your mindset and this book was helpful to me.

Hope this helps.

I wasn’t sure where to post this but here it is. And it’s long.

A little about me, I'm a newb and after about a year and a half of books, podcast, webinars, REIA meetings, etc. I've finally decided to take action and start off with wholesaling.

A guy I met at a REIA works for a hard money lender. My initial contact with him was me trying to help my father with his property issues. Anyways, he calls me a few months later just to follow up and I mentioned to him that my dad is dragging his feet but I decided to start wholesaling. He stated that they offer help for wholesalers getting started. Explaining that they would provide several list, help from his team with CMA's, skip tracing, double checking to make sure its a good deal before I make an offer and even the buyers list.

You couldn’t grind the smile off my face. This is everything I needed to get started and now there are no more excuses. The only catch was I had to split the first 3 deals with them. I had no problem with this especially because he let me chose how we would split it. I chose 50/50.

So! I got business cards, flyers, signs etc. and start my marketing. The first two weeks were super slow, but the last two weeks have been better! He helped me on my first lead with comps, confirmed the deal was good and sent me a contract to make the offer. This is where the issues start.

I filled out the Contract and sent back to him to make sure I filled it out correctly. He had me make corrections and I resent to confirm. I planned on making the offer that day as it was still early in the day. He didn’t get back to me until the next day around noon. At that time on Saturday I called the seller and he wanted to wait until Monday because he had family stuff planned for the weekend.

Called the seller yesterday and made my offer, seller said he had another offer that was a bit higher than mine. I called my guy to ask for advice, no answer. I txt him about upping my offer to win the deal to see if it was still worth it, which by the numbers it should be, but it being my first deal, I just need confirmation. He said he would call me but never did and still hasn’t.

I have also let him know that I needed to talk to him about offering credit repair, which he told me he had a girl that does it, and also if I have to use the title company that is all the way in Addison which is 45 minutes from my seller when there are several closer.

At this point, I’m confident this is a deal. Comps I did came in lower than the ones he gave me, but he’s from Dallas and admittedly doesn’t know the Fort Worth as well. I will be calling his boss today to talk about the situation.

That being said, I have two more leads that I’ve gotten and now just don’t have the help I thought I was going to have.

All of this will not stop me from achieving my first deal. A friend of mine is worried that I won't be able to sell it if I decide to just do the deal without the help of this guy. But I told him I have BiggerPockets and my local REIA group I can get this deal done. Because if there is one thing I've learned from Josh and Brandon, if the deal is good then the money will be there. I just need my guy to confirm the deal is still good.

To me, this is somewhat of a test to see how bad I want it. Which I do! Wholesaling is what will get me into the game.

@Russell Brazil I appreciate the input Russell

@Ryan Dossey thanks for the heads up on the settings.

So I’m just starting to get into wholesaling houses and it was suggested to me to use A Google Voice account for business calls to differentiate my incoming calls.

Is this something I should bypass and go ahead and spend the money for a second phone line through my provider? My only real concern is that I don’t want to come off as unprofessional and potentially lose a deal.

Any feedback on this will be much appreciated.

@Roberto Ramos Thank you all for your input. To give more information, he has been in possession of these properties since 1997.

My dad inherited rental properties from his dad, my grandfather. Some of the properties are in need of repair but he doesn’t have to money to fix them all. IM NEW TO THIS!! What options do we have to be able to rehab these properties, and get them rented? Convention loans, private loans? I’ve just joined the local REIA to network and I want to help my dad turn his business around. Any input will be appreciated.