All Forum Posts by: Ron Orr

Wholesaling is great Invest a lot of time analyzing deals for cash flow. Or if the deal is about fix up and the after repair value. Look at a lot of deals online and in person and you will get very familiar in no time. I got in the biz in 2002.

In Minnesota and Midwest the guy to talk to is Todd grill about this

Congrats moving to bigger things is great. I was in real estate investing going back to 2002. I also was in Jacksonville probably 12 years ago when I went to a ron legrand boot camp. I'm very happy for you.

I'm in Minnesota was doing wholesaling awhile years back would also like to connect with others

Yes I saw the video about 50% dti so those who shouldn't get qualified will be

You can go to your local reia or find out who others are using. Also check with some title companies on who's has successful closings. I've met some here in mn and they have always been great people.

Over the years I've heard of people with insurance claims and wanting to do 6 months upfront. You can do a background check on them.

I started in 2002 at the age of 25 and went right for Leverage and appreciation. I don't believe in appreciation now only in cycles. Also I think cash on cash return and cash flow is where it's at. The book missed fortune discusses all cash out and the real estate investors book by KELLER I believe talks about 20% equity plus 20% down. I don't think 100% down is necessarily the way and if you get good instant equity than it may not be too much leverage. I think having $5000mo in cash flow as phase 1 allows people to think more clearly especially if your income derives from real estate. We may see a correction. I don't think it will ever be as bad maybe 30% of that. I saw it coming in 2007. Too many stories from 2008.

The rent always comes. Some haven't taken care of the place as much from my experience.

Mailing again often is good also are they foreclosures? Would they be more motivated now?