WTF is wrong with investors these days?
Engelo RumoraBusiness Member
Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votesWTF is wrong with investors these days?
Most Popular Reply
Jay HinrichsBusiness Member
Real Estate Consultant Ā· Summerlin, NV Ā· Member since 2014 Ā· 45k+ posts Ā· 66k+ votesEngelo Good Morning !
I would like to take a stab at this.
I suspect a lot of these folks reaching out to you read BP forums.
And such they like the thought of infinite returns and are OK with max leverage etc.
So keep in mind BP folks are reading the BRRR books and building their Core 4 which has been coined by the folks who man the podcast and wrote a book on remote BRRR ( one of the absolute Riskiest endeavors one can take in real estate by the way).
So to that extent they are reaching out to you to build the Core 4 you just happen to have all 4 of the Core under one roof.
This IMHO is why your getting calls like this. Or e mail requests like this.
Your thoughts ?
261 Replies
- 2yJay HinrichsBusiness MemberReal Estate Consultant Ā· Summerlin, NV Ā· Member since 2014 Ā· 45k+ posts Ā· 66k+ votes
Engelo Good Morning !
I would like to take a stab at this.
I suspect a lot of these folks reaching out to you read BP forums.
And such they like the thought of infinite returns and are OK with max leverage etc.
So keep in mind BP folks are reading the BRRR books and building their Core 4 which has been coined by the folks who man the podcast and wrote a book on remote BRRR ( one of the absolute Riskiest endeavors one can take in real estate by the way).
So to that extent they are reaching out to you to build the Core 4 you just happen to have all 4 of the Core under one roof.
This IMHO is why your getting calls like this. Or e mail requests like this.
Your thoughts ?
- Investor Ā· Charleston, SC Ā· Member since 2011 Ā· 606 posts Ā· 413 votes2y
It's so true. So many people are asking the wrong questions and just hoping for an easy push button way to get into your real estate but that is not how it works or how it will ever work. You have to get in the trenches and do your time and get out there and actually buy something to get the experience that is necessary. I also get many investors calling asking about properties that I am selling with owner financing and they just waste my time because they've never taken the time to understand how seller financing works or how to go about the process. I am more than happy to help someone out that takes the time to initially be resourceful and learn as much as they can first and then go out and ask questions.
- Investor Ā· VA Ā· Member since 2015 Ā· 21k+ posts Ā· 19k+ votes2y
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Glad to see I am not the only salty one this morning. I had this going through my head the other day when someone was asking me to do due diligence for them on my competition.
7e investments53 Reviews - Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @Jay Hinrichs:
Engelo Good Morning !
I would like to take a stab at this.
I suspect a lot of these folks reaching out to you read BP forums.
And such they like the thought of infinite returns and are OK with max leverage etc.
So keep in mind BP folks are reading the BRRR books and building their Core 4 which has been coined by the folks who man the podcast and wrote a book on remote BRRR ( one of the absolute Riskiest endeavors one can take in real estate by the way).
So to that extent they are reaching out to you to build the Core 4 you just happen to have all 4 of the Core under one roof.
This IMHO is why your getting calls like this. Or e mail requests like this.
Your thoughts ?
Hey mate,
Correct, mostly pinging me here on BP.
Gotta love those books...
So I guess we have moved on from "How to make money with no money or Zero Down" to "Getting everyone to work instead of you and not charge a penny for doing it..." hehe
What's next?
"How to get your own AI robot to find, buy, renovate, tenant, manage your real estate and at the same time to make love to you" hahaha
Thanks mate and always a pleasure hearing from you šš
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @Chris Seveney:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Glad to see I am not the only salty one this morning. I had this going through my head the other day when someone was asking me to do due diligence for them on my competition.
haha,
Yep, woke up on the wrong side of the bed mate hehe
Gonna hit the GYM and puff on a cigar so that will help lol
Well isn't that cute, doing due diligence on your competition...
Never had that one before
We should start a review thread and post operator reviews on other investors and some of the requests they make.
I mean, if folks can post dirty laundry about real estate service providers, why couldn't we reveal investors dirty laundry also...
I'm on a roll today hehe
Cheers mate
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @Randy Rodenhouse:
It's so true. So many people are asking the wrong questions and just hoping for an easy push button way to get into your real estate but that is not how it works or how it will ever work. You have to get in the trenches and do your time and get out there and actually buy something to get the experience that is necessary. I also get many investors calling asking about properties that I am selling with owner financing and they just waste my time because they've never taken the time to understand how seller financing works or how to go about the process. I am more than happy to help someone out that takes the time to initially be resourceful and learn as much as they can first and then go out and ask questions.
Thanks for your comment Randy.
Nothing beats going in the trenches and loosing money.
Those are the best lessons that no book, guru, video, blog, event, etc... can teach.
"Hands on" doing and experience make perfect.
Learn from mistakes, don't repeat and try again
šš
- Investor Ā· Malakoff, TX Ā· Member since 2017 Ā· 2k+ posts Ā· 2k+ votes2y
Quote from @Jay Hinrichs:
Engelo Good Morning !
I would like to take a stab at this.
I suspect a lot of these folks reaching out to you read BP forums.
And such they like the thought of infinite returns and are OK with max leverage etc.
So keep in mind BP folks are reading the BRRR books and building their Core 4 which has been coined by the folks who man the podcast and wrote a book on remote BRRR ( one of the absolute Riskiest endeavors one can take in real estate by the way).
So to that extent they are reaching out to you to build the Core 4 you just happen to have all 4 of the Core under one roof.
This IMHO is why your getting calls like this. Or e mail requests like this.
Your thoughts ?
Exactly. And years of very low interest rates and fast rising real estate values have gotten a lot of people wanting to get into real estate.
- 2yAJ ExnerPro MemberLender Ā· Springfield, MO Ā· Member since 2023 Ā· 648 posts Ā· 310 votes
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
- Real Estate Broker Ā· Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH Ā· Member since 2013 Ā· 30k+ posts Ā· 20k+ votes2y
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Throat punch um bro.
- Rental Property Investor Ā· Brooke Park Drive Ā· Member since 2018 Ā· 1k+ posts Ā· 2k+ votes2y
Following - Real Estate Broker Ā· Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH Ā· Member since 2013 Ā· 30k+ posts Ā· 20k+ votes2y
Quote from @Account Closed:
Following
What's it look like though? Pics or it didn't happen.
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @AJ Exner:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
Wow mate,
Thatās gut wrenching
When something like that happens, it still stings me to this day and Iāve seen and heard it all over 12 years of running various RE businesses.
Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhh
Has cost me millions but worth the price for not having to kiss A$$
Life is too short for that š
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @James Wise:
Quote from @Account Closed:
Following
What's it look like though? Pics or it didn't happen.
Wait, let me write a book on it firstā¦ - 2yMichael SmytheBusiness MemberReal Estate Agent Ā· Metro Detroit Ā· Member since 2023 Ā· 4k+ posts Ā· 3k+ votes
Totally feel you man!
Newbies are looking for free everything:
- Education about RE investing
- Software for PM and accounting
- Money!
- Property Management: we laugh about this one!The shocking part about it is how ignorant and lazy they are about RE Investing, but someone, somewhere hired them and is actually paying them to do something!
Some of them actually have successful careers, but are totally clueless about learning RE Investing.
Just remember, a fool and their money are soon parted.
BTW: we're always figuring out polite responses that either get them to pay us or make them go away - either way, we win!
Logical Property Management4.9441 Reviews - Real Estate Broker Ā· Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH Ā· Member since 2013 Ā· 30k+ posts Ā· 20k+ votes2y
Quote from @Michael Smythe:
Totally feel you man!
Newbies are looking for free everything:
- Education about RE investing
- Software for PM and accounting
- Money!
- Property Management: we laugh about this one!The shocking part about it is how ignorant and lazy they are about RE Investing, but someone, somewhere hired them and is actually paying them to do something!
Some of them actually have successful careers, but are totally clueless about learning RE Investing.
Just remember, a fool and their money are soon parted.
BTW: we're always figuring out polite responses that either get them to pay us or make them go away - either way, we win!
Why do you need to be polite about it?
- 2yAJ ExnerPro MemberLender Ā· Springfield, MO Ā· Member since 2023 Ā· 648 posts Ā· 310 votes
Quote from @Engelo Rumora:
Quote from @AJ Exner:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
Wow mate,
Thatās gut wrenching
When something like that happens, it still stings me to this day and Iāve seen and heard it all over 12 years of running various RE businesses.
Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhh
Has cost me millions but worth the price for not having to kiss A$$
Life is too short for that š
You are not wrong!
Glad its not just me though, Iāve learned over my professional life that knowing your value and being confident in that is both a value and a skill.
Iām getting too old to mess with that kind of stuff.
- Real Estate Broker Ā· Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH Ā· Member since 2013 Ā· 30k+ posts Ā· 20k+ votes2y
Quote from @AJ Exner:
Quote from @Engelo Rumora:
Quote from @AJ Exner:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
Wow mate,
Thatās gut wrenching
When something like that happens, it still stings me to this day and Iāve seen and heard it all over 12 years of running various RE businesses.
Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhh
Has cost me millions but worth the price for not having to kiss A$$
Life is too short for that š
You are not wrong!
Glad its not just me though, Iāve learned over my professional life that knowing your value and being confident in that is both a value and a skill.
Iām getting too old to mess with that kind of stuff.
Sounds likes some of ya'll don't tell enough of these BP terds to F*** themselves. If I don't tell at least 1 investor per day to F*** Off I get too antsy. Triple that for Agents lol.
- 2yAJ ExnerPro MemberLender Ā· Springfield, MO Ā· Member since 2023 Ā· 648 posts Ā· 310 votes
Quote from @James Wise:
Quote from @AJ Exner:
Quote from @Engelo Rumora:
Quote from @AJ Exner:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
Wow mate,
Thatās gut wrenching
When something like that happens, it still stings me to this day and Iāve seen and heard it all over 12 years of running various RE businesses.
Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhh
Has cost me millions but worth the price for not having to kiss A$$
Life is too short for that š
You are not wrong!
Glad its not just me though, Iāve learned over my professional life that knowing your value and being confident in that is both a value and a skill.
Iām getting too old to mess with that kind of stuff.
Sounds likes some of ya'll don't tell enough of these BP terds to F*** themselves. If I don't tell at least 1 investor per day to F*** Off I get too antsy.
James, honestly, when I see that great blue avatar on a forum, I know weāre going to get some truth.
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @Michael Smythe:
Totally feel you man!
Newbies are looking for free everything:
- Education about RE investing
- Software for PM and accounting
- Money!
- Property Management: we laugh about this one!The shocking part about it is how ignorant and lazy they are about RE Investing, but someone, somewhere hired them and is actually paying them to do something!
Some of them actually have successful careers, but are totally clueless about learning RE Investing.
Just remember, a fool and their money are soon parted.
BTW: we're always figuring out polite responses that either get them to pay us or make them go away - either way, we win!
True thatā¦
Nothing against newbies mate, etc..
But been around the block long enough to know when someone is trying to take advantage of us.
Since we are both in the PM business and since we talking smack on investors in this thread haha
You know what also sucks haha
When investors think the PM is a bank and will happily go into overdraft until they top up their maintenance reserve account.
I have an idea, we can do the above and act as a bank as long as I am allowed to take an investors girlfriend for a date if they arenāt in the mood to take her? š
Just like when they arenāt in the mood to top up the account hahahaJokes everyone
Kisses š
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @AJ Exner:
Quote from @Engelo Rumora:
Quote from @AJ Exner:
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
Just had a pretty good one of these the other day. Found a lender that worked around some pretty big implications, helped manage their entity, switched lenders for them when an implication came up, took flack from realtors, got extensions, and then when we got them to closing they asked why we had a feeā¦
Its interesting that we talk about the Core 4 and building a team, but the folks that I see who do the best understand that to sustain the C4 that it needs to be worth everyoneās time.
Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I've seen so far this year.
Wow mate,
Thatās gut wrenching
When something like that happens, it still stings me to this day and Iāve seen and heard it all over 12 years of running various RE businesses.
Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhh
Has cost me millions but worth the price for not having to kiss A$$
Life is too short for that š
You are not wrong!
Glad its not just me though, Iāve learned over my professional life that knowing your value and being confident in that is both a value and a skill.
Iām getting too old to mess with that kind of stuff.
Here here mate. Too old and and tired to deal with privileged behavior haha š - Real Estate Broker Ā· Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH Ā· Member since 2013 Ā· 30k+ posts Ā· 20k+ votes2y
Quote from @James Wise:
Quote from @Michael Smythe:
Totally feel you man!
Newbies are looking for free everything:
- Education about RE investing
- Software for PM and accounting
- Money!
- Property Management: we laugh about this one!The shocking part about it is how ignorant and lazy they are about RE Investing, but someone, somewhere hired them and is actually paying them to do something!
Some of them actually have successful careers, but are totally clueless about learning RE Investing.
Just remember, a fool and their money are soon parted.
BTW: we're always figuring out polite responses that either get them to pay us or make them go away - either way, we win!
Why do you need to be polite about it?
People are always asking experienced investors to give back and help out the newbies. The very best way to help someone is to tell them their stupid behavior is stupid. Don't shield them from how stupid their behavior is. They may not thank you, but you helped them. Makes you a saint in my book.
- 2yTheresa HarrisPro MemberMember since 2019 Ā· 15k+ posts Ā· 11k+ votes
I would have turnaround and asked them if they work for free?
- Investor Ā· Toledo, OH Ā· Member since 2013 Ā· 4k+ posts Ā· 2k+ votes2y
Quote from @Theresa Harris:
I would have turnaround and asked them if they work for free?
Unfortunately Theresa thatās the expectation
āI want the best dealā
āI want the best priceā
ā I want the best areaā
āI want the best serviceā
āI, I, Iā
And some folks seem to be satisfied deep down inside if they get all of the above and the other suffers financially and pulls out the shorter stick per se.
Many donāt know the concept of āWin/winā
Many donāt know that if āIā win also and make money also, āIā can hire more people, invest in tech, make things faster, cheaper and better.
Making them win even more then they would have in the first place.
Itās a shame but it is what it is.
We take it on the chin and keep moving forward
I could have exited the biz many times over last 10 years and sailed off into the sunset while leave investors hanging.
But still here and always doing our best for all šš
- Real Estate Consultant Ā· Evergreen, CO Ā· Member since 2018 Ā· 1k+ posts Ā· 723 votes2yThey have been guru'd. Over guru'd. I would even say they have been Pace'd!
Quote from @Engelo Rumora:
So I get investors reaching out to me everyday and it goes like this:
"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.
Also, do you have any contractor and lender referrals?
I'd also love to work with your property management company"
Diplomacy left me a long time ago so how would you guys reply?
Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...
Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe
I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha
How about those analogies above... lol
Have a great weekend guys and much success with your investing š
- Real Estate Consultant Ā· Evergreen, CO Ā· Member since 2018 Ā· 1k+ posts Ā· 723 votes2y
See all of the above!
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