All Forum Posts by: Steven Mitchell

 whoops, i thought i was in the memphis forum.  ill try and repost

We are calculating 1.4%, is that accurate?

Anyone have one they like? We are from out of state and would like someone local to take out commercial loans on our SFR portfolio.

Someone youve used REPEATEDLY and is on the up and up.  Local.

@Wayne Smith thank you for the reply

thank you for the replies guys.  i was just sitting here staring at my computer, wondering what i was doing wrong and why i couldn't make basic math work.  so frustrating.  

and wondering what we are doing wrong. 

Twice now.  We have found a wholesaler either on Bp or at a networking meeting.  

We will talk.  They will show us a deal.  We will disagree with their numbers and tell them exactly why we do.  Thinking that if we communicate all this we can find a way to work with each other.  

Then we never hear from them again. It just happened for the third time today, we had a wholesaler contact us that we found on back page. Her ARV was horrendously overvalued. We showed her our comps hoping to start a dialogue, and then she's poof, gone. And this particular property had a ton of comps all around the same value so we have no clue how we have a different opinion.

We don't understand.  If they are passing on us because they believe we are rookie, why not hash out the numbers with us so we see where they're coming from in the hopes of doing more business?

Or is it the opposite and they are heading off to find a less sophisticated investing group?

Any input would be appreciated. 

Recently one of my completed projects on the market was broken into and the staging furniture stolen. What do you fellas do to protect against this?

we ended up going with reisolutions.  they give you a phone number where you can attach a voicemail.  then it electronically files it for you. 

thanks guys