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15 September 2016 | 4 replies
This would be my first sale of a unit so I thought what better way but to reach out to more experienced investors who already have weighed this decision in the past.
16 September 2016 | 8 replies
Be sure to check for all kinds of useful resources and free how to guides.Networking is how to succeed in this space and as such I wanted to give you an open invitation to feel free to reach out to me at any time.
16 September 2016 | 3 replies
Hi @Mike FinduraYou can find and connect with other BP members that are in your area, here: http://www.biggerpockets.com/meet Please don't hesitate to reach out if you have any questions or clarifications.
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26 December 2016 | 19 replies
This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!
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18 September 2016 | 7 replies
Feel free to reach out.
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27 September 2016 | 13 replies
I would suggest just reaching out to people in your area here on BP.
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17 September 2016 | 15 replies
Feel free to reach out anytime.
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15 September 2016 | 3 replies
Feel free to reach out to me if you'd like to grab a beer or lunch sometime.
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15 September 2016 | 0 replies
We reach out at multiple times throughout the redemption period, all the way to the end.Part of me is beginning to think that foreclosure is such a touchy subject to many people, that many would rather just ignore taking any action, and just let the property go, even though our "cash for keys" and offers to list their properties give them a chance to make something good out of a bad situation.Conversely, somewhat seasoned marketer in me wants to stay the course, and keep altering our message until we improve our response rates; after-all, people have been successfully marketing to people in foreclosure and pre-foreclosure for years, which makes me think there is hope to ramp-up response rates.Sorry for all the text, I'm thinking out loud a bit here.Has anyone had any success marketing to mortgagors during the redemption period?