All Forum Posts by: Wes Tuinstra

Any mortgage brokers or loan officers from Lincoln, NE want
to jump in here and offer to talk to him offline?

Anybody in Lincoln got any deals for an owner/occupant?

Is there some way we could help this guy? I like the advice
that's been given, and it's really spot on... but it's also a
bit depressing. Sort of raining on his parade.

But isn't an "objection just an opportunity wrongly phrased?"

Hey DannyK!

Welcome to the forum! It's great to have a land developer
in our midst. Watch out that you are not mobbed by posters
peppering you with questions. :mrgreen:

This board is just getting better and better and the
discussions are more and more likely to lead to doing
real deals.

Again, welcome.

Indeed! This forum is a godsend.

Welcome DSmith!

It is a pleasure to have you here.

Thanks for the quick response!

The first thing that hit me as I went through the process
was that there were no googlads. This is your first
monetization step. Depending on traffic flow you could
pull in $2 - $3k a month.

Another subject: I was able to answer the questions about
"south of here" "north of here" because I live here and
know. But if I was using this tool for, oh, say, Tampa I
wouldn't have a clue. What then?

I'm not an expert at options on homes by any means,
but I hate to see your question just sitting here unanswered.

By "double closing" you mean that you exercise the option
and buy the house, but at the close you bring *your* buyer
to the table and they actually buy.

The easier route, it would seem to me, would be to sell the
option outright to the new buyer.

Suppose you optioned a house worth $100k for $95k. In
theory, the option is worth $5k. You will have paid for the
option, and anyone buying it from you realizes that.

Suppose you paid $1k for it. (these are unrealistic numbers but
play along...) Now you offer it for $4k. The buy gets a deal,
the seller gets his money, and you make a profit. 8)

Anyone else care to chime in?

Hello Michael,

Let me be the first to welcome you to the forum.

I checked out the spillzone and looked up my house and
it tells me there's money in my future! 8)

How are you going to promote/market your site? How
will you monetize it?

Just curious.

Dave,

You are too funny! I had to laugh when you said that being 26
was too old to get into real estate. LOL! But, I think I know
what you mean.

Buying notes is indeed one aspect of REI. And no, it's not a scam.
There is a whole section of this forum devoted to it.

If you hang around this forum, you will meet people who make their
livings buying and selling notes, buying buildings for next to nothing
down and then renting them out, etc.

There is no degree needed for any of this. That's the cool part.

Hello Jeffrey,

And yes...this IS the correct place to be! Count on it.

Welcome to the forum. As for being a property finder,
I'm going to sit back and see what the others say about
it. Kind of thinkin' of becoming one myself!

Great Idea!

I've always thought it was the new member's duty to perform
welcome wagon duty. Kind of "pay your dues" sort of thing.

Besides, new people like to be greeted by other new
people so they know that they are not the only newbie
on the block.