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All Forum Posts by: James Danchus

James Danchus has started 48 posts and replied 188 times.

Post: No family support, only negative comments. What to do?

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

Sorry, to hear that man. I am in a very similar situation myself. Prove them wrong and remember  "Success is the best revenge."

Post: Back Taxes on a MLS Property?

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37
That's weird. She said the seller cleared up all the liens.

Post: Back Taxes on a MLS Property?

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

BP, 

Got a question for you. I've been working with an agent on a property she listed on the MLS.

After we agreed on a price, she said she did a background check on the title. Anyway it turns out the deal is dead because one of the people on the title is in jail. But she recommended that "I try and see if (I) can get it for the back taxes."    

What does that mean?

Post: Deal or No Deal?

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

I would take it to a buyer and ask their opinion. If you're humble and new, someone in your area will help. Do you have anyone around that you trust?

Post: REIA groups in St. Louis

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

Southside Investment Club, Lifionaire has 2 or 3, you can find them all on Meetup.com

Post: Need help finding wholesale properties

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37
See the countless articles, videos, forum posts on BP, and elsewhere...

Post: Need help finding wholesale properties

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

yellow letters 

Post: Can wholesaling replace my 9-5?

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37

I wouldn't. If you really want to do it then why not do it on the side? That's how most successful wholesalers start out, it seems. Being a good business person isn't just about opportunity, it's about finding opportunity while minimizing risk. I've been hustling part-time off the MLS for four months and I still have yet to get my first deal.

Post: A Question on Follow Up on MLS Deals

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37
Originally posted by @Bill Turner:

Call the agent that list the property so you can see property. They will write a contract for them. They will not that you seriously with a email and a price if you have not been shown the property.

Yea. I've kind of caught that but the fact is if you are going to find deals on the MLS, you have to be putting out dozens of offers a week since I am offering them at prices were 90% of them will get rejected. The secondary benefit is that you are networking with agents, which is important.

Post: A Question on Follow Up on MLS Deals

James DanchusPosted
  • Saint Peters, MO
  • Posts 193
  • Votes 37
Originally posted by @Account Closed:

If you made an official offer they should have given you feedback on it. Yes contact them again.

Thank you Stephen. I'm not sure what an "official offer" entails. What I do is write up a letter in MS Word and send it in an email with a POF. I'm not currently working with an RE Agent because I want to offer the agent I am sending this to a double commission.

What do you subject in the follow up? Simply re-emailing the original offer? Sending an offer with a different price? Just simply restarting the conversation?

I appreciate all your help!