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26 September 2016 | 3 replies
Call a RE attorney, Indiana is easier than Illinois ours is in IL and its a nightmare.
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7 October 2016 | 30 replies
A majority of all those RE acquisitions were closed without basic RE fundamentals as part of the deal causing them to play a major part in the housing crisis as they were not structured properly and/or in fragile portfolios that quickly crumbled with the first sign of trouble.Flash forward 10 years to 2016, minus the banking industry’s participation, we are seeing the same industry practices that played a major role in the last bubble.
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24 September 2016 | 1 reply
Send me a PM and we could discuss in more details
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29 September 2016 | 47 replies
Let's set up a time to discuss your goals.James
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24 October 2016 | 10 replies
Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions.
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28 September 2016 | 14 replies
.* Guru's Seminars; OK they put you on a bus, give you the big tour of some parks, and hand you course-ware, some good some not so good you'll also get some entitled Mentorship Program were you'll discuss leads with your mentor ( who is really a guru competitor, if you get the drift. ) then suddenly your opportunity is gone.
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5 October 2016 | 9 replies
Based on a couple discussions I've had with more experienced people and things I've read and heard, eventually you will just come across someone who will accept your offer, or come closer to your offer.
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26 September 2016 | 9 replies
It isn't fast and it isn't easy but you CAN do very well in RE.
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25 September 2016 | 4 replies
Feel free to contact me offline to discuss further.