24% plus ten points? Outrageous!
BiggerPockets Forums
A few direct mail questions
Michael Quarles – from my observations of you over the years, I determined that you are somewhat of a contrarian. That is a good thing IMO, because it keeps the rest of us thinking differently, “out of the box” as they say. So how better to get a contrarian back than to do something contrarian? Lots of folks posted on your “goodbye” thread, but I managed to get you back here – and that is also a good thing for BP! I still think you miss your influence points 🙂
But please do continue your generous ways, sharing what you know – and some of your other generous gestures, like the giveaway of BP summit arrangements, and yellow letter campaign giveaway.
BiggerPockets Forums
DENVER BP Meetup 10/22
I was stuck at work and couldn’t make it. When is the next one? I know the holiday might complicate it for some people, however it would be nice to pencil it in so I can try to make this one.
BiggerPockets Forums
Is this real or is this just inflated “guru” talk?
Nick it’s a bunch of crap to sell a system. They know many like you maybe have enough to buy a course or something or do a seminar at the least.
These people maybe have completed one or two deals or none at all.
The guru’s realize it’s much easier to hype you up and sell stuff than do deals with the techniques they are pushing.
Think about it this way. A bank has a bunch of crud on it’s books from bad and loose legacy loans from the boom times. They are trying to shed that off the books.
The bank now has say 50 million to allocate to commercial real estate lending for new loans. Do you think they will approve a technique you are trying with no money down with regulators breathing down their necks or do you think they will wait and do a deal with an investor who is solid and has plenty of skin in the game??
I am putting my money on the bank waiting for a solid and strong purchaser.
If you land an incredible deal you can pick up a cash partner but will have to be careful they do not cut you out after showing to them. It sounds like to me right now you have limited value to a real estate deal. You do not have the money and you do not have a deal. What you need to now is get educated and make yourself valuable to others and that will open up doors for you.
There are owner finance deals with no money down but the price is generally inflated and you buy into a bad deal with a balloon note that comes due and the property is still marginally performing. Even with no money down for a commercial deal you will STILL need over 10k to close.
Site inspection, cost reserve stable, phase 1,survey, appraisal (if you want), title search, title policy (if you want), closing costs, etc.
Mentor?
David Thomas, to be honest with you, I have seen a lot of posts here in BP that express the disappointment that can come from a paid mentor. You have to be really careful here. There are quite a few out there that just take your money, throw you a few impractical tips and set you lose.
My advice? Let the team here in BP be your mentor. This forum is full of seasoned investors who are willing to give good sound investment advice. If you got questions – someone here will have the answers.
BiggerPockets Forums
Looking for partners
Hey Justin . . . may I recommend that you make an introduction in our New Member Introductions forum and fill in your profile a little more completely. It is important for people to get a good feel for you — especially online — when partnering up, and I think that would go a long way to help out. Simple things like uploading a personal profile image lets people have a better feel for who you are and tells them that you care enough to fill in the details.
Just a thought . . . good luck, regardless and welcome to the site!
BiggerPockets Forums
- 1
- 2
- 3
- …
- 32
- Next Page »
