All Forum Posts by: Tim S.

These post are one of the reasons I stop using Bigger Pockets... So many Negative Nancies on here!  So what someone enters this field with dreams of getting rich (or comfortable)?  It's not your money they're risking so why do you have a problem?  If you guys are such experts on real estate why are you wasting time on a forum? Why aren't you out getting more deals!?  You don't see Sam Zell post on forums now do you?

If these so call "wannabes" are seeking help why don't you help them and not bash them!  If someone has enough ambition to take on such endeavor why discourage them!? Why not lend your knowledge?  

I was in the same boat just a couple years ago.  Now my company has over 700 single family rentals under management and growing!  So whoever's reading this don't let these negative people on Bigger Pockets discourage you! Keep at it and it will happen!  Stay off the internet and take action! You'll probably lose your shirt the first time but, you'll learn a valuable lesson that no guru or forum can teach you... EXPERIENCE!

Bottom line is wholesaling is hard due to most people are not willing to sell you their house for pennies on the dollar.  And you need to negotiate a rock bottom price in order for a wholesale deal to work.  These deals are few and far between especially in a stable market where employment is strong and growing.

Hi Everyone!

With good deals getting harder and harder to find (In my market at least) how are you guys getting them funded? Prices have skyrocketed so the 40-60% on the dollar deals have all but evaporated! Hard money lenders are requiring more "skin in the game" and charging 3-5 points at closing along with 8-15% APR! Also, the borrower must have at least 3-6 months worth of reserves!

How are you guys dealing with this?

Hello BP!

Are any of you guys seeing HUGE discounts on certain new homes now that the end of the year is upon us?  Builders do not like carrying old inventory into the new year so I'm looking for opportunities to jump in if the numbers work. I'm also an agent and I'm seeing up to 5% Commissions plus bonuses on homes builders are trying to off before the new year.  

I'm curious to know how some of you structure your financing to make the numbers on new homes work?  I'm considering using a "Commission Advance Company" (finance companies that give agents their commission in advance prior to closing for a fee) to put together creative ways I can supplement cash at closing.

Thoughts and suggestions are appreciated!  

Good Morning All,

To Investor/Agents out there that have used "Commission Advance Companies" like Real Commissions, etc., what was your experience? Is it worth it, was there a bunch of red tape, paperwork involved? I'm thinking about using one on deals I would need to get creative with financing in order to bring cash to the closing table where I'm representing myself/LLC as the buyer.

Thanks in advance!

Does anybody know any alternatives to Go Big Printing postcards, the ones with the "Urgent Notice" printed on them?  I was interested in trying out Go Big services but their website is too confusing and cluttered.  I shouldn't have to spend 15 minutes on their site just to get pricing.  I didn't see anywhere on their site where it said "X amount of postcards cost X amount of dollars"

Also, any company in 2017 that doesn't have a mobile optimized website is an EPIC FAIL!

@Elizabeth Wilson That's exactly what I'm after, a landing page that attracts motivated sellers.  My biggest concern is all the bold text and different color fonts.  Just looks cheap and thrown together. I'm interested in seeing the tweaks you've done to your site.  

Thanks!

@Luc Boiron Interesting perspective, never thought of it in that manner before.  This makes since.

Thanks!

Looking to get feedback from investors that are using template investor sites such as Investor Carrot, Lead Propeller, InvestorPro, etc.  I know there's a ton of post on this topic but nothing recent (2017).

After carefully evaluating these sites I think they're useful for what they are intended for, lead generation.  However, the UI (User Interface) screams SPAMMY, GIMMICKY, SCAM, and possibly something you can catch viruses on!  They look like websites from the mid to late 90's.  Kinda reminds me of those late night infomercial that says "BUT WAIT, THERE'S MORE!  ORDER NOW AND GET 3 MORE BLAH, BLAH, BLAH" Lol

Don't get me wrong, I think these sites are a great idea for their intended purpose.  My concerns are what will your average Joe homeowner think when they visit these sites and they look like this? Most homeowners visiting sites like these already have their back against the wall and are in need of fast help.  This is their biggest investment they ever made in their life, so will they approach with caution and resistance due to how the sites look?

Thanks in advance!

I'm based in Augusta.