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All Forum Posts by: Olga Fomenko

Olga Fomenko has started 6 posts and replied 28 times.

Post: Land leads in Maryland - looking for builder, developer

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18
Actually Annapolis Thanks, i will

Post: Fortune Builders

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18
I haven't done fortune builders but i have done rich dad education - these are the 2 biggest giants of the industry and while i have learned a lot and met many exciting people, i believe the best training you will get - from your local coaches and REIAs Most REIAs out there focus on sales pitches but if you shop around, you might find a local apprentice program or coaching or classes that will give u a better understanding of LOCAL market and perhaps provide you connections with local industry PROs especially if you are just getting started and haven't built your power team yet. In any case - do not rush into buying expensive education programs, but do go to the initial 3 day, im sure you will pick up some nuggets and get a better understanding of what the company has to offer.

Post: REI Blackbook vs. Freedomsoft

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18
I find podio very complicated, although I did figure it out with help of tutorials and investorfuse didn't work for me as well - very easy to break, impossible to fix without customer service which I also didn't have much luck with. So I'm back to my AllClients CRM which works for me perfectly http://bit.ly/2egrrCB

Post: Land leads in Maryland - looking for builder, developer

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18
Thanks for your feedback. I thought if the houses in the area sell for 1.4 mil it could be worth looking at it for someone who specializes in this. If the purchase price is right, one could make a deal out of those leads, i believe. Im sure the buyer pool is not huge here but thats is why Im hoping to get recommendations on this forum.

Post: Land leads in Maryland - looking for builder, developer

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18

I have a few vacant land leads in Howard county and Montgomery. Looking for a builder who would be interested in processing those leads. I do not have them under contract, but I'm willing to help in any way in return to some learning experience. Any recommendations?

Too bad :) far away from me
Is this a live or virtual event?

Post: ​Skilled Finish Carpenter Crew Wanted!!! (MD,VA)

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18

Basement Masters, a general contractor who specializes in basement finishing projects. We are looking for a professional and reliable finish carpenter crew to take care of all of our projects.

We offer up to 2 basements a week to someone who can handle the load.

This is a great opportunity for those who want to grow their business to a different level.

Immediate Start!

Requirements:

  • Skill to install baseboards, doors, trims, walls, windows and ceiling molding; cabinets and vanities; stairs and railings
  • Have proper hand tools to perform work duties
  • Excellent quality is #1 priority
  • Exceptional reporting skills
  • Ability to meet timelines: must be able to do one job after another without delays and breaks in the schedule.
  • Ability to keep job site clean all the time.
  • Detail oriented Reliable transportation to get to and from work.

License/insurance requirements to be discussed at the interview.

Please call on 443-221-2323 and leave a voicemail with your information, and we will give you a call back to schedule an interview, or email us to [email protected]

Hi Jacob,

First you need to know what people buy in the area you are targeting before purchasing a property for a rehab: you price points, house size and type and any other information that a good real estate agent should be able to provide. But that's for your next project. Also find out the average DOM for the houses like this in your area and get a better idea what to expect. If the av DOM - 180 days, than you are still fine. But normally that's another thing to learn prior to getting into a project!

Normally 2 bd/ 1bath is not the best deal for a family, of course it depends on your market but usually people want 3 bd/ 1 1/5 - 2 bath. 

Also keep in mind that it's always good to have a 2nd exit strategy in case the house doesn't sell!!! What is yours? Maybe you should target landlords (other investors) or even keep this property as a rental yourself or do a lease option on it... 

In terms of increasing the agent fee, I don't think it will change anything. You have enough showings. But the question about dropping the price, is the one only YOU can answer. Can you afford that? How much did you spend? How much are you loosing each month by letting the house sit on the market? How much longer can you let it sit there? 

And can you afford to spend anymore on fixing the layout? And will it give you the results you want... No one knows, so consider 2nd exit strategy, I think

Post: Collateral Assignment of Note and Mortgage

Olga FomenkoPosted
  • Washington, DC
  • Posts 35
  • Votes 18

Doing my first lending deal and the borrowers attorney sent us the paperwork that doesn't have property address nor it mentions the title company that I'm instructed to wire money through. Can someone who has experience is these sort of deal or is an attorney tell me if these things are normally on the paperwork or they aren't? Seems weird to me but I do not know how these these documents supposed to look.

Thanks