BiggerPockets

Looking to partner with bird doggers and wholesalers who have luxury homes at 40-50% of fmv or better, that is nationwide anywhere who wants to partner on a deal. I will find cash buyers for them. Thank You.

I have a luxury property that I'm selling (wholesale). Contact me if you'd like to know more about the property.

I have 2 brand new luxury homes in TX deep discounted for serious buyers. contact me and I will send details. Thanks!
Ron

Originally posted by Carl Kahkonen

Looking to partner with bird doggers and wholesalers who have luxury homes at 40-50% of fmv or better, that is nationwide anywhere who wants to partner on a deal. I will find cash buyers for them. Thank You.

This thread is a recipe for wasted time and a bunch of crap. My point is proven in the responses.

Let me lay out the truth right here: If I find a property at 45%-50% of the REAL fair market value (in today's dollar, not from 2006!), I certainly would be keeping it all for myself. I can find my own buyers with that kind of discount. I already find buyers through the MLS on properties at 70% less repairs.

Please contact me. I have a home that is selling for $1.5M that used to be worth $3M

This statement means absolutely nothing! OK, I have a home right on the beach in Malibu for 2 million and it "used to be worth" 6 million. Do you want to partner? Used to be worth is like saying "will be worth"
As an investor, I am ONLY concerned with what it is worth TODAY, not used to be.

Everybody has a property for sale and claims to have the for sale at exorbitant discounts. The truth is, the values are inflated, the homes are not theirs to sell, and many are just full of crap.
No offense to anybody persoanlly in this thread, I just felt it was necessary to be upfront here and lay it out as I see it.
If you think I am wrong, please post your thoughts on your viewpoint.

Carl,
I could not or would not do deals blindfolded, but tahnks for the props anyways.
I meant no harm or disrespect of course and just wanted to share my thoughts and put them into the light here.

If you are less experienced and ar elooking to do deals, I suggest you read as much as you can here on BP and get as educated as you can via the experiences and thoughts of other investors.
I get emails all the time with folks asking for deals at 50% or less of fair market value. My answer is always the same. If I find one that good, it is mine to keep.
May I suggest a different approach: Pick a buying strategy (REO, short sales, wholesale buys, abandoned or absentee owners, etc) and learn as much as you can with them. Then build a quality team and start going after them. When you get a few deals completed, tehn start searching for others to bring you deals. Or simply buy from a wholesaler to get started. You may in fact get better deals that way, but I can almost guarantee you that you will have a better chance getting struck by lightning than landing a deal at 50% or less of real current market value in the luxury home market.
If the luxury home market is really your game, start networking with the top agents in your areas and let them know what you are looking for. Tell them you want MOTIVATED home sellers for pocket listings (non-MLS), at least in most cases, and give the rest of your criteria along with proof of your ability to take it down (this gives you the initial credability they will require).
Then network at all the RE events you can and speak with other investors. Perhaps some of them also invest in your criteria and regualrly get good deals they could turn you over to.
Just food for thought.

Originally posted by Carl Kahkonen

Thank You Will, I wasn't mad just wish I could be good like you guys who are the best. I look up to you guys.

That is a very nice compliment Carl, perhaps the nicest of all. There is no reason whatsoever that you can not become a successful RE investor and become "one of the best"
With hard work, determination, and the desire to succeed in your goals, you will make it!