All Forum Posts by: Sam Mayberger

Thanks @Jay Cam and @Chris Seveney. I found a few RMLO's, but its been difficult descerning if they meet SAFE act/Dodd Frank, it seems like it can be the wild west a little bit. However on the servicing side, Madison management has been great. They can even service wraps and subto deals! 

Hey Jay, I'm here in the KC area as well, I'm looking for someone to intake documents and assist with screening of applicants for seller financed homes while meeting all the necessary legal and compliance needs for this type of transaction. I came across this older post. Were you able to find someone that could help with both MO and KS properties? I'm hoping to find an option that can do this and possibly service the notes as well. If you have any good recommendations or insights I'd love to hear what you have to say. 

@Meghan McGill I'm really excited for you, what a great learning experience. I'm glad the lessons you learned weren't too expensive and I love that you just dove in and started without overanalyzing yourself to death. Best of luck in your future deals!

@Antonio Cucciniello

I appreciate your reply! I'm probably way over thinking things and just need to more connected in my target market here in KC. I'll be looking at partnerships, turnkey providers and wholesalers moving forward. Thanks again! 

@Tesho Akindele

Thank you so much for your reply. I agree that it would be better to get started rather than wait out a pending market correction, It's never stopped me buying stocks so I'm probably just a little out of my comfort zone is all (great place to be for mindset growth). Also, I appreciate the name drop, I'm not well connected in my market as of yet so that really helps. 

Best of luck in 2021!

Hey Joseph! 

I really appreciate the reply. I read your post back when you posted it originally. Congrats on the deal!! I honestly hadn't read up on the turnkey strategy up until now so I may have to bug you about the process and how it turns out after the dust settles. Looking at it now, it may be a great way to get my feet wet and learn as I go. 

Thanks 

I've been lurking on the site for some time and would like to get some direction for my axe sharpening. Currently working 45 to 70 hours a week in health insurance sales and am looking to build a passive cash flow of 10k a month to eventually replace my current career and another 10k a month to replace my wife's salary.

A few opportunities that I can work with:

1. I live in Kansas City

2. Will have between 50-80k to invest each year starting 12/21

3. Have a strong desire to become financially independent

4. I have grit

5. Have 60k in primary residence equity

6. Have proven sales experience

With that said, I have a some questions for the BP community:

1. What is the most efficient way to create my desired cash flow with my limited weekly time restraints?

2. How scared of the impending market correction should I be?

3. Would it be more advantageous to wait to invest in order to stockpile cash to purchase multiple properties when prices come down or should I get my feet wet and get started with less than optimal numbers to get experience sooner?

4 What is my very first course of action outside of podcasts and books?

I appreciate any responses and am grateful for being able to post here. If anyone is in the KCMO area and would like to have coffee or meet up give me a shout!

Sam