All Forum Posts by: Sherman M.

How do you execute a JV after a contract offer is already submitted? I found a partner that I'm working with now but not sure how to go about it on the contract side of things.

Wish I had that problem when I was an agent.  My phone barely rung and when it did, it was people looking for rental properties. 

Great points.  I admit I may have not been trying hard enough in one particular area but instead bouncing around.  I should probably find someone to partner with as well, it can be overwhelming trying to figure everything out on my own.  If had to pick one way to find a deal, which way would you guys suggest? Direct mailing?

You guys all have given great insight and advice, thank you!  So to add a little more background, I have been a Realtor in those 2 years as well, but didn't really give much effort to that after realizing it wasn't really what I wanted to do.  I kind of got the license just to get involved in real estate and possibly learn a few things about laws an such.  As for what I have been doing towards the investment side, I signed up for guru trainings/seminars (nothing more than $100 per session), did direct mailings (postcards, hand written), made phone calls/text, bandit signs, drive for dollars, researched auctions.  Had a few people respond but I believe mainly because they wanted to know how much I thought their homes were worth since they knew I was a Realtor.  As far as money goes, I feel I have enough to make something happen but when I spoke to my loan officer that I used on the agent side, he made it seem that my work history (sales commission) needed to be two years solid at the same place in order to get approved for a loan.  And since I had switched companies a few times, I have held off on trying. 

Thanks for the kind words and encouragement, everyone!  I know great things take time, so I will keep learning and keep trying.  @Jim K., I ultimately want to become a developer long term, but in the mean time I'd like to start flipping and land-lording. @Account Closed, I'm sure I could probably go that route, just need to find some financing.  

So I've been at this real estate stuff for almost 2 years now and I still have not had any deals yet!  I tried wholesaling but Florida seems like a waste of time.  Any other recommendations on how to get my foot in the door?

Does it cost anything to join Distressedpro.com?

If you were looking in Central Florida, I would say use a Realtor.

That's awesome!

Sounds like an opportunity to pursue, if anything it's practice for you to learn something new. I just had a property out of state in PA that ended up being practice for me as the person trying to sell really didn't have rights to sell the property as she thought she did. I would do like others have mentioned and figure out what the ARV would be and see what's the lowest he will let it go for. If you never ask, the answer will always be no.