All Forum Posts by: Ljay Jones

You need to have plans to show an investor. You may have
a hunch that your deal will be interesting to investors,
but until you have a prospectus with pro-forma numbers
you do not know how many investors will be interested.

He is now in the "fund raising" period, looking for investors.

If you are financially able to invest, you would request the
prospectus and then invest if you like what you see.

You would be part owner of a retirement village in SoCal
complete with golf course, etc.

No I understand the process of building the plan and then looking for money I am planning this same type of deal with a popular down south business to bring up to my area, the point that I am asking about is when planning I should have an IDEA of who I will pitch my plans to, from this post it seems like this guy doesn't have anyone on board and is almost lost in looking for investors and if he works for a RE development group he should at least have a few "pocket" people or groups that will get him started with the funding. Like I said from his post it sounds like he is lost and has no one and being that he is soliciting on the net where scams run rampant (Remember the poor guy that mentors for a mere 75 bucks?) I am just questioning things...

0 Votes

Originally posted by "wesley":

Well Folks!

Michael has sent me a copy of the prospectus for this
project and it's a sweet, sweet project! 8)

I want to encourage you as you read this forum to
click on the pm (private Message) button if you see
a project talked about and you're curious. People
are real friendly and you learn about some really
cool 'happenings' out there.

I'm spreading the word amongst my contacts about
this project and so can you if you have investor
friends who can afford a minimum $25,000 and at
least 5 years for it to grow.

Please don't interpret anything I've just said as an offer
to sell or an invitation of an offer to buy these shares.
That offer can only be made by the prospectus. This investment
is risky and you can lose your entire investment.

why would a developer plan a 10 million dollar project without having a sense investors to fund it? Please help me understand because these are thing I see here that don't make sense to me.

0 Votes

Originally posted by "r2d246":

I don't know what's wrong with me but I'm constantly flipping my home. I wonder if perhaps this could be like some kind of bad habit. Because I'll move into a house, do some work on it, usually "for me" at first. Then I'll feel like the house is worth so much more and start to feel uncomfortable with having so much dead equity sitting around. So I'll end up flipping it and moving. I've done that like at least 5 times in the last 3 years. Now I bought another house. This time not intending on flipping. However, the basement is in poor shape. So I'm thinking of updating it. So I'm a little worried. What happens if this happens again where I do the basement, and then start thinking about flipping it again. It's always just such easy money though that it's hard to just turn it down. I guess one could always just refinance but you know that's not the same because that's borrowed money. Anyway, anyone else like flipping houses like this, or is it just me who hates moving but like the easy money?

do you have a girlfriend of a wife? for the first time "I AM NOT TRYING TO BE SARCASTIC" but I think this may boil down to commitment issues you don't like being in the same place for a long time. I just think that you have made that aspect pay off literally.

0 Votes

Originally posted by "uniquedesinez":

I keep hearing about approaching sellers and asking the proper questions. Can someone please tell me exactly what these questions are or where to find them. I am in contract now on my first flip. ( not first house purchase) but I found this deal through a realtor. There were a few questions about the property, but that was it. I am already looking for my next deal and would like to find distressed sellers...kinda know how to go about that but not exactly sure what to ask them once I find them. Common sense would be WHY are you selling...but what else do I need to know....offer a purchase price....if accepted, great. if not move on...seems pretty simple...what am I missing??

a combination of question I ask when calling anyone (not in an particular order)
-Why are you selling?
-are you living in the home
-If not when will you be out?
those two tell me motivational level depend on if they are paying two mortgages
-how fast do you need to sell
-how much if I gave you all cash (most don't bite on this until your out to seeing their home)
-will you sell your home for what you owe (forecloser)
-existing financing (how many mortgages)
-repairs need (usually no)
when was the last time you replaced roof, carpet, painted, landscaping?
-listed?

those are a few of the starter questions I ask, now I'm not one of those guys who can buy without seeing so maybe one of them can add on to this list so we can get better at that aspect as well.

0 Votes

Originally posted by "biggerpo":

Hey anna3104 and weber -

I was wondering something. Do you work together or live together? You see, it seems that you are both posting from the same computer. Why would you do that?

If you are trying to help yourself or your friend, that's great, but you should just come out and say so. Now, it looks like you are trying to be manipulative to people.

Please give us all an explanation of what's going on here ASAP!

Annoyed,

**Best Mod Ever Award**

THAT WAS GOOD!!!

0 Votes

1. change your name
2. read 3 RE books
3. read my post on why investors hate newbies
4. go from there...

0 Votes

They have realtor's in bangkok right? Find one :wink:

0 Votes

so if the carpet you were going to replace falls off the truck and you have to by a new one for 200, you'd be 200 in the hole?

0 Votes

correct me if I'm wrong but John T Reed (even though ti dont like him) said it best that people don't need mentors there a waste of money and only a tool that gurus use to suck more money out of you. The reason it works is because of fear, all the info you need is in about 3 gook books (at best 3) after that you have the know how to do RE, but fear says you can't and gurus say to them self "these guys STILL are not doing what they should, let me bring out a person that actually took the info to use and have them go out with the guy who hasn't done anything and I can charge the new guy AGAIN!!" The key to successful business is repeat customers, so if a new and improved course can't get you back in the door gues what can and will "surely" get you over that fear hump a MENTOR buy one now!!!

I may joke but I am for real this wolrd is like the matrix when neo wanted to learn a skill he downloaded the skill and he did it. Us reading is like downloading the skill, what is left is to DO it, nothing more and that is how human learn. Neo never siad ok I've downloaded the info so let me get someone to explain to me or walk me thru a karate class, let me now do KARATE!!!

0 Votes

Originally posted by "SteveGent":

Hi,

Lets say I have prefit credit and 15-20 % down ?

then take your "prefit" credit and 20 percent down to a local bank, why are you asking us simple "what if" questions

0 Votes

All Forum Posts by: Ljay Jones

Ljay Jones has started 4 posts and replied 40 times.

Post: I need HELP !!! :-)

Post: I need HELP !!! :-)

Post: Why do I keep on flipping?

Post: I see why new investors hate newbie’s

Post: Tired, need help

Post: Right Or Wrong Steps?

Post: newbie- inherited apartment in BANGKOK need help

Post: Breaking Even - Is this good?

Post: ever had a mentor?

Post: Where could I get a loan ?