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All Forum Posts by: Vince Mayer

Vince Mayer has started 7 posts and replied 315 times.

Post: Will COVID-19 Cause a Recession?

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

Check out WalMart's earnings report when it comes out for this quarter. Anecdotal evidence suggests that the stimulus deposits that have started hitting are really stimulating Walmart's earnings. If true, the bills aren't getting paid however TVs and phones are flying off the shelf!

Post: Will COVID-19 Cause a Recession?

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

Is it true that unemployment checks are being supplemented by an additional $600.00 a week? That's $15 an hour for a 40 hour week. That's more than most retail employees make! 

If you get $500 +/- for unemployment and then an additional $600 a week and the stay at home orders are lifted within the next 4 weeks, I really don't see how we go into a recession/depression.

I also don't see us ever paying off the national debt.

Post: Wholesaling in St. Louis

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

True Title, Investors Title. You need to call title companies and ask them if they do what you want to do. Are you going to double close? Assign? Creative financing? Ask them what they expect of you.

@Joshua Jackson

Post: Wholesaling in St. Louis

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@Barry Pekin @Joshua Jackson

You would win that $50 Barry.

Post: Hoping To Close My First Deal But Confused

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@P.R. Romain

You are trying to buy a foreclosed FHA loan. Go to the link below to get your questions answered.

https://www.hud.gov/faqs/hudhome

Post: Debt, no money, decent income - how to start

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@Trevis Kelley See my contact info to discuss your situation. As you can see, I am in Missouri also.

Post: Debt, no money, decent income - how to start

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@Jas Evans Cold calling? That's calling people and asking if they want to sell their property. You obviously need a list of people that have that have a motivation to sell but you are calling them, uninvited, so you need to clear the list of people that are on the "no call" list.

Post: Debt, no money, decent income - how to start

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@Trevis Kelley have you thought about cold calling for a RE investor? Cold calling is not fun for a lot of people, 

including RE investors so I'm sure you could negotiate a payment plan that might get your foot in the door to

where you eventually want to go.

Post: This economy feels like 2007. Am I wrong?

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

I know the Dow isn't the market but it's easiest to understand my example.

Was the Dow cheap or expensive at 5000? Cheap or expensive at 10,000? Cheap or expensive at 15,000?

Cheap or expensive at 20,000? Or is it all manipulation and the little guy doesn't have a prayer of winning?

Post: How to find wholesalers

Vince Mayer
Posted
  • Wholesaler
  • Arnold, MO
  • Posts 348
  • Votes 183

@David Keefer What is your criteria? Message me please, I may be able to help.