BiggerPockets

Blah, blah, blah!

Thank you Christopher.

What you said is certainly more constructive than the first post, lol.

I'm going to look into it further, for my own curiosity, and will get the info as you suggested. I've not closed any deals with him and was introduced to him by another investor who wholesales- whom I trust. They are personal friends and this banker would let him know of deals from time to time. The banker just got a job promotion and was recently put in charge of this trust.

I was told they are FHA and Fannie Mae properties.

I'll definitely look into it further to get more info.

Thanks for your suggestions Christopher.

Cheers,
MH

Originally posted by Christopher Lippincott

Originally posted by Michael Hall

I wanted to pass this info along as I've not dealt with bulk REOs so not sure what to do with this connection. Thanks all,
Michael Hall

Ask him to submit references of past closings before asking for a POF...

How do you know this person?
Have you ever closed a deal with this person?
What is their position?
How long have they been liquidating assets?
How many closings have they accomplished?

Cool. I'll email you within an hour.

MH

Originally posted by Christopher Lippincott

If you think you've got an opportunity email me...

We buy assets and I'm very quick at determining a fake

Will do Stacy. As I'm learning more about this, I begin to realize what an amazing source it is.
With my connection with it, if people are qualified, I can get them in front of the principles. Just be better behaved than the last fellow- haha.

( just kidding u Christopher ) :D

Originally posted by Stacy Dieckman

Michael,

If Christopher gives you the thumbs up please put me on your list.


Stacy

Josh,

How about BP Elections 2009!
I vote for Christopher L as Sherriff of Bulk

In all fairness their reply this evening was that there was a miscommunication?

There isn't one any longer!

We'll see what transpires tomorrow.... :mrgreen:

Originally posted by Denise Shannon

Christopher, Thanks for taking the time to put the truth out there for all to see...
I am curious, how do you determine a fake? What do you check on? How do you check? Anything you would like to share?

I start with what God gave me

2 ears
1 mouth

I listen twice as much as I talk .......

Beyond those starting points it's easy to understand someones level by their offerings. Asking for personal information upfront is asinine! People need your information because they need it to have access they themselves do not! The primary concern I ask is "What is your value add"......if there's nothing they offer I cannot do on my own there's no need to partner up!

Brokers are needed at times and I've done a lot of it in my days so trying to pull a sheet over my head is going to be easily discernable!

Common sense is a must!

I concur with you Christopher. I saw their 'list' which, to me, not even knowing anything, looked generic and could have made myself.

Thanks for the great education I got from you in the process! Real life stuff. :D It was nice to see it in action. Look forward to an actual deal.

In the meantime, you can use me for an example, I don't mind - just be gentle- haha.

Thanks again Christopher - Love ya man!
MH

Originally posted by Christopher Lippincott

Originally posted by Christopher Lippincott

In all fairness their reply this evening was that there was a miscommunication...??? We'll see what transpires tomorrow.... :mrgreen:

Well tomorrow falls on deaf ears

I was sent a list that was not going to get me to even respond but Michael (bless his heart) spent a lot of time to make ends meet...

Michael is a great guy but his cohort team of we want a POF and LOI so we can get you to the mandate level is so representative of what's wrong with this level it's scary

I even sent three tapes of my own with "full disclosure" in hopes of getting them to send me one... :roll:

I got the usual poached, bank site, listed price, BS


Michael is a great guy and I'd be honored to work with him in the future but his current association is not someone or something I will pursue

The funny thing is the "tape" came from Citi

So all I was going to get out of this garbage effort was provide our companies financials to a broker who in turn would have taken it to a bank we have been dealing with at a "very high" level!

My boss would have been tickled at the colossal waste of time!

This is one of my biggest pet peaves...

Everyone is so damn scared to say where they're getting their list....I mean c'mon

Like Citi only has one desk?

Last I checked there were hundreds!!!

Michael,

Thanks for taking the time to put up with me... :wink:
I hope it was educational!

Everyone is so damn scared to say where they're getting their list....I mean c'mon

Exactly!
I have a direct contact at Wells Fargo and his name is Jeff Bridges. He is the security guard. I am not scared to tell you my contacts Chris! :lol:

But seriously,
This IS the thread that the BS will be called out, and if ANYONE can actual provide proof they closed a real deal, either seller of product or buyer of product, this is the thread to share it! :lol:
Happy hunting all on our never ending run in circles.