
29 July 2017 | 4 replies
@Jesse Fisher @JR T. makes a good point about trusts, BUT, unless you purchase in the name of the trust, and any mortgages are in the trust's name, it'll be clear who the owner is (you) with minimal research.

14 August 2017 | 5 replies
Oh, yeah, and any input into the best networking (not sales pitching) meet-ups would be appreciated.

16 August 2017 | 19 replies
I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

19 August 2017 | 9 replies
This will minimize your downtime waiting on the government and banks.Second: IF the deal is as good as it sounds, the lender should be able to recognize this and be much more open to working with you.

16 August 2017 | 7 replies
Alright experienced flippers that are kind enough to partner with newbies - how much information do you want from a potential newbie partner when they're pitching a lead on an off-market deal from a motivated sller, i.e. - how much diligence should they have done before approaching you; what numbers should they have, if any; should they have started negotiations with the seller; what information/stage of the deal do you expect them to be in when they pick up the phone or sit down to e-mail you before you'll start partnering.

29 August 2017 | 22 replies
Instead of solving his problem, you went straight into a sales pitch peddling your goods.

8 November 2018 | 7 replies
Account Closed I have no clue if this is an elevator pitch they usually are.. but Sensei has been around for years I might have talked with him once..

8 November 2017 | 20 replies
But ideally make sure you can do it with minimal debt.

23 November 2017 | 9 replies
Given the hotness of my local market and the trust I've built with them, I could probably raise 100k-200k of private money with minimal effort.

25 October 2017 | 6 replies
They typically are some sort of crack in the wall, which get repaired by installing a beam in the concrete slab up to the floor joists in order to minimize the wall span.