All Forum Posts by: Zap Martin

Hey @Account Closed... and here are my two cents on how to prevent this in the future:

1) Connect with someone experienced in Louisiana to review what you got going BEFORE you start your next deal. Take them out to lunch, buy them a drink, or whatever... but being brand new, someone should have "reviewed" your work for you before you did your first deal

2) (Especially when dealing with buyers you've never worked with before) collect some money up front so they have skin in the game. This scares away bad guys.

3) As Darrin mentioned, you can have your assignment fee escrowed at the title company. 

4) Maybe do a little background check on your buyers? That can happen in the real estate community and at the St. John the Baptist Parrish Clerk of the Court - checking court records to see if he/she is a names defendant in any law suits...

5)  Even though this buyer is bad, bad, bad... remember to Love your enemies, pray for those who despitefully use you. Your buyer will eventually get what's coming to them...

Good luck! 

Blessings,

Zap Martin

Hey @Account Closed... and here are my two cents on how to prevent this in the future:

1) Connect with someone experienced in Louisiana to review what you got going BEFORE you start your next deal. Take them out to lunch, buy them a drink, or whatever... but being brand new, someone should have "reviewed" your work for you before you did your first deal

2) (Especially when dealing with buyers you've never worked with before) collect some money up front so they have skin in the game. This scares away bad guys.

3) As Darrin mentioned, you can have your assignment fee escrowed at the title company. 

4) Maybe do a little background check on your buyers? That can happen in the real estate community and at the St. John the Baptist Parrish Clerk of the Court - checking court records to see if he/she is a names defendant in any law suits...

5)  Even though this buyer is bad, bad, bad... remember to Love your enemies, pray for those who despitefully use you. Your buyer will eventually get what's coming to them...

Good luck! 

Blessings,

Zap Martin

Hey @Andrew Harker!

I commend your decision to move forward in real estate. I recently got licensed (this year) and it's opened up a world of connections that I didn't previously have as an investor in San Diego. Let me know if you have questions about the license test process - I even still have my study guide if you want to borrow it! 

***Also - when filling out your BRE paperwork, make sure everything is exactly correct (for example, I am the Zap Martin III, and my process was help up 5 weeks because I put "Zap Martin" and not "Zap Martin III" on ONE of my forms...) ***

Good luck and inbox me if you have any questions!

Zap Martin