BiggerPockets

I want to have a little fun with this post...what are some of the signs you see when dealing with investors that tip you off they are wasting your time?

I'm sure this will get pretty humorous! :mrgreen:

When they say there is this class, seminar, or bootcamp I simply must attend.

Yes when they say "trust me" all the time. It goes back to my bellhoppong days. The people who kept saying, "Don't worry, I'll take care of you, were the worst tippers.

TIME WASTERS are What My GRANNY Call (Fo-Nos) BEFORE You Say Something They Already KNOW.... People That Know EVERYTHING...

^ knowing this is in fact the case when dealing with someone who's too scared to make investments, and you want them to bring you deals, whats the return you're looking for?

what is something that you're willing to invest in? average you're piece of the pie you would want?

@motiv8

Nice conversion method of turning them into bird dogs! LOL

In Texas they say,"Big Hat-No Cows." LOL

The worst ones are the ones that want all of my financial statements that could ever exist.

Sometimes, it's an investor that wants to see the five year pro forma for a property I have an offer on. Then, they want the "best" and "worst" case scenarios for the pro forma. Then, they want ten-year documents. They want all the other pro formas for my other properties, the rent rolls, what my projected and actual rents are/were, twenty comparable properties in the area, a detailed description of every tenant in the property, the possible effects of the place being a rooming house versus an apartment versus an owner-occupied versus an airplane or whatever else they can think of.

Then, there are sellers that apparently can't take me seriously. I like to move fast with my deals. If it's logical, I do my best to pay cash for a property. I don't put contingencies in my deals. I've worked with inspectors before, and I know that they are worthless enough that I can look at basement walls and see the roof on my own when I drive past the place, I don't need to spend a few hundred dollars and lose a property because I wanted to waste my time with some "inspector" who has a flashlight and a checklist. I have your rent roll, your expenses, and I've been through all of the units. That is plenty to make a decision.

Typically, it isn't even time wasters that they won't ever work with me, it's that they aren't the trouble. I won't put weeks into scouting and negotiating one property, I could do several deals in that time. People need to understand that investment isn't like choosing the house that they want to live in, there's less time to act.

I know I have found a time waster when they are talking amount no money down deals and asking newbie questions like what is a good deal and where can I find them.

When they needed an approval or proof of funds letter yesterday but refuse to fax you a contract or escrow info...