12 Days Of Note Investing - Day#2 Note Referral Fees

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12 Days Of Note Investing - Day#2 Note Referral Fees

Tracy Z. Rewey
Investor · Orlando, FL · Member since 2013 · 837 posts · 316 votes

Let’s talk Note Investing! Most of us learn best through real deals. This is Day #2 of sharing a deal where we can review, dissect and analyze note buying strategies.

In addition to making money investing in notes you can also earn referral fees. This is similar to wholesaling real estate where you get an option or agreement to purchase on the note and then assign to an investor for a higher purchase price.

This transaction involved the sale of acreage in the Tampa, Florida area. The transaction had closed with owner financing and the seller had collected one monthly payment when the note was sold to an investor.

Here are the details:

  • Sale Price $237,640
  • Down Payment $ 98,640
  • Original Balance $ 139,000
  • Terms: 6.5% interest, $878.58 per month, all due in 5 years

Deal Analysis:

  • UPB: $138,874.34
  • Amount Invested $: 120,141.27
  • Purchase Price %: 86.5% of UPB
  • Yield To Investor: 10.09% based on balloon and 7.96% based on amortization.
  • Discount: $18,733.07 (or 13.5%)
  • LTV*: 58%
  • ITV*: 51%

*Loan to Value (LTV) and Investment To Value (ITV) based on FMV of $237,640

  • Investor Offered $120,141.27
  • Note Holder Offered $115,141.27
  • Note Finder Referral Fee $ 5,000.00

The investor funded the deal and collected payments to earn their yield. The difference between what the investor offered and the seller accepted was $5,000, which was also funded at closing. This $5,000 Referral Fee was earned for locating a note seller and matching with a note investor.

Referring deals to an investor for a fee at closing will supply insights and knowledge, enabling you to earn while you learn. We all have marketing costs, overhead, and personal expenses so referring notes to “earn a living” or a cash fee at closing makes good sense.

It also provides the marketing machine to generate leads that can be matched with an institutional investor, a partial investor with tail-end opportunities, or your own portfolio. Even when buying a majority of notes for long term holding, it still proves useful to broker a portion once in awhile. Not all notes will fit your parameters and it helps to stay apprised of current market conditions to keep pricing competitive and personal portfolios liquid.

So what does an average referral fee look like? While it varies by transaction size and complexity, referral fees are generally 3-6% of the amount invested.

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y

@Tim Fitzgerald  who was that guy in Denver who was a sell notes and make referral fee guru who ended up getting indicted by the feds... same exact scenario and you guys are laying out here.

of course he charged money to learn how to do exactly what you just laid out on BP for free..

and then you would have massive amounts of craigs list adds with mom and pops offering to buy notes and then you call them and they read right off of their script..

all much easier said than actually done.

there are many true note buyers that won't touch notes on dirt.. and would never pay what this person paid for this note..

FCI exchange is a good place to look at notes for sale to get a feel... and I guess you could just do the old wholesaler trick find notes on FCI act like your a for real note buyer get them tied up then try to resell them for your little finders fee's..

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y

    As Tracy mentions, MARKETING is the big key.... as long as you can find saleable notes, you can get them funded (sold) by simply referring them to an institutional investor AND if you are just starting out, this will serve as a means for you to generate cash while you are learning that ultimately can be used towards investing in your first note for your own account down the line after you've been exposed to a few deals and watch the professionals handle the transactions. It's like anything else-- you become an expert through repetition and experience AND you are not risking any of your own $ by "learning and earning" this way.

    What is not really being said very much on these forums is that, especially when you are first starting out, MARKETING is going to be your #1 task (you can do this on a relatively low budget, too). You can't control the types of potential deals that flow across your desk as a result, but some that do not fit my own parameters (personally, I'm looking for the "gold nuggets" and I have my own criteria for that, i.e., lots of equity/safety) I end up referring-- and, generally speaking, institutional buyers' parameters are typically not as stringent as my own as they are buying in volume.

    You do NOT need to know a lot about notes as long as you can FIND them. As long as you let the professional buyer take over while you learn and earn, you're getting a million dollar education and making money at the same time.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  who was that guy in Denver who was a sell notes and make referral fee guru who ended up getting indicted by the feds... same exact scenario and you guys are laying out here.

    of course he charged money to learn how to do exactly what you just laid out on BP for free..

    and then you would have massive amounts of craigs list adds with mom and pops offering to buy notes and then you call them and they read right off of their script..

    all much easier said than actually done.

    there are many true note buyers that won't touch notes on dirt.. and would never pay what this person paid for this note..

    FCI exchange is a good place to look at notes for sale to get a feel... and I guess you could just do the old wholesaler trick find notes on FCI act like your a for real note buyer get them tied up then try to resell them for your little finders fee's..

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    8y

    Jay I have looked into notes before.

    What I do not see mentioned frequently is WHERE the note the investor is buying is located?

    If you are in a non-judicial state then costs to foreclose or mitigate the note to get performing again can take less time and costs.

    Many of the judicial states the process can be very long and expensive to get anything done. Straight returns on notes does not excite me. Equity growth is where I get excited. I have a friend who buys business notes.

    Someone will buy a business and owner will finance a private note. Example:  300,000 and buyers puts down 100k for 200k note.

    The 10 year note at year 5 the owner of the note does not want to wait for years to get his 150k remaining so will sell note for 80k cash today to other note investor. You get yield on interest rate and equity for discount.

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    8y

    I generally do not like newer notes either. They are not seasoned so should trade at a heavy discount for the increased risk.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Joel Owens  yes many criteria for what to look for in notes as you alluded to .. I grew up in it.. my dad had a land business and did 200 to 300 seller carry backs a year and sold most of those notes to investors this was 60's and 70's and your correct notes on bare land to anyone who knows what they are doing trade at heavy discounts... I don't know the land above and maybe it has some redeeming value that is not apparent but usually a note investor buying that note would DEMAND a return in excess of 20% apr.. only a newb would buy that note at a 10% apr.. I mean we can find great 1st on income property making 9 to 10% all day long.. this note has no income.  So its double newbie one paying for a land note making 10% and another who thinks they have found some new way to make middle man fee's from their computer  LOL...

    Any way

    @Tim Fitzgerald  here is the guy I was thinking about

    https://papersourceonline.com/more-on-russ-dalbey-...

     he ran basically the same add as the OP find notes make a middle man fee.. well yes can it happen yes do most people do just like most wholesaler spend a bunch of time and effort and make zero yes that's a fact...  although I love notes for those that actually have the wherewhithal to buy and hold them great alternative to landlording for sure.

    I basically stumbled on this back in 2010 when I had sold a bunch of m OREO and took back owner contracts and was trying to sell MY PAPER... so I called a few of the craigslist adds when it was apparent these were anything but for real note buyers I finally got a few of them to talk to me.. and sure enough bought the hey make a middle man fee course from Dalbey... so this thread just popped that back into my memory banks.. if there was not the mention of the middle man fee I would never have even thought of Dalbey.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    Opps did not realize the OP works with Eddie Speed I get it now.. :)   all this subliminal stuff on BP and I fall for it every time .

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y
    Originally posted by @Jay Hinrichs:

    @Tim Fitzgerald  who was that guy in Denver who was a sell notes and make referral fee guru who ended up getting indicted by the feds... same exact scenario and you guys are laying out here.

    of course he charged money to learn how to do exactly what you just laid out on BP for free..

    and then you would have massive amounts of craigs list adds with mom and pops offering to buy notes and then you call them and they read right off of their script..

    all much easier said than actually done.

    there are many true note buyers that won't touch notes on dirt.. and would never pay what this person paid for this note..

    FCI exchange is a good place to look at notes for sale to get a feel... and I guess you could just do the old wholesaler trick find notes on FCI act like your a for real note buyer get them tied up then try to resell them for your little finders fee's..

    Jay, you are speaking of Russ Dalbey. IMHO he gave our business a bad name. He had banks of high-pressure salesmen (not necessarily real investors or experienced real estate people) and their MO was 1) tell you [how easy it is to make a killing $ overnight with almost zero effort--i.e. placing one ad in the paper], 2) get you to purchase an "introductory" course for a scant amount, i.e. something like $29 and then sic their telemarketers on you to separate you from your money-- to the tune of $thousands of dollars. He was selling dreams-- not real instruction.

    Actually, during that span of time (from the 1990s until around 2003 or so) I mentored quite a number of people who went through Dalbey's "boot camp" program or whatever he called it, and then came to me later because they still believed in the business itself but realized they had been taken to the cleaners for a pipe dream and were now ready to learn CORRECTLY.

    The note business is like any other business-- you need to work it and your marketing becomes much more effective after a # of months because prospects need to see your communications, on average, at least 7 + times before they will take an action. Lazy people who want something for nothing and who are not willing to put in the effort will fail at this or at any business.

    As for the "massive amounts of Craigslist ads" you alluded to, I seldom if ever have looked at those but I do not doubt that's what went on because Dalbey would tell you that all you had to do was put one ad in the paper and you would make massive amounts of money because people would be responding in droves and lining up to sell you their notes. What a joke. Why do you think we ended up with "daisy chains" of junk notes that were circulating around the internet with (as you also alluded to) wannebee brokers trying to pass themselves off as buyers. The investors I dealt with were weary of all of those [junk] quote requests that were essentially flooding in-- they would see the same ones over and over.

    Now that the "gurus" are no more, it seems to me that the note business in general (to those who are exposed to it) no longer evokes an image of slick-talking "snake oil" salesmen and that's so refreshing to me because I'm a long-term note guy.

    Of course there are AND HAVE ALWAYS BEEN many true note buyers "who won't touch notes on dirt" as you stated. In fact, they never did.

    Regarding FCI, I have never gone there or even registered. I'm pretty sure that there are wanabee brokers registered there looking to pose as buyers, but since proof of funds is required there to do business, I would imagine they would have a fairly tough time.

    As an aside, I get the sense that, when you mention "your little finder's fee" (BTW it's not "little" when you consider the relatively small amount of work needed to earn one), your overall tone is one of negativity. Why? Would you suggest a new note person put up their own money (and taking on risk) and learn by the seat of their pants?

    And/or are you somehow questioning the legitimacy of the finder's fee? Take a look at Tracy's post today. She's been in the business a looong time, too and she outlines some really good examples of this very thing.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  very good post.. I retract the "little fee" my bad .  I just see that putting in the finders fee as leading the wanna be BP audience who is full of no money how do I make money in this business with non of my own  into thinking this is much easier than it really is.. as you know deal flow in the note business is key and you have legions of folks all looking for that cream puff seller carry note :)

    Anyway once I realized she works for or with Eddie Speed I understand the reason and tone of the post.. 

    had I clicked on her website first I would never even have commented on the thread. 

    Guru business is a live and well. we all know Eddie has his version and you can pay for his coaching and its big money... I am not anti guru at all I make a lot of money on guru students over the years.. 

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y
    Originally posted by @Jay Hinrichs:

    @Joel Owens  yes many criteria for what to look for in notes as you alluded to .. I grew up in it.. my dad had a land business and did 200 to 300 seller carry backs a year and sold most of those notes to investors this was 60's and 70's and your correct notes on bare land to anyone who knows what they are doing trade at heavy discounts... I don't know the land above and maybe it has some redeeming value that is not apparent but usually a note investor buying that note would DEMAND a return in excess of 20% apr.. only a newb would buy that note at a 10% apr.. I mean we can find great 1st on income property making 9 to 10% all day long.. this note has no income.  So its double newbie one paying for a land note making 10% and another who thinks they have found some new way to make middle man fee's from their computer  LOL...

    Any way

    @Tim Fitzgerald  here is the guy I was thinking about

    https://papersourceonline.com/more-on-russ-dalbey-...

     he ran basically the same add as the OP find notes make a middle man fee.. well yes can it happen yes do most people do just like most wholesaler spend a bunch of time and effort and make zero yes that's a fact...  although I love notes for those that actually have the wherewhithal to buy and hold them great alternative to landlording for sure.

    I basically stumbled on this back in 2010 when I had sold a bunch of m OREO and took back owner contracts and was trying to sell MY PAPER... so I called a few of the craigslist adds when it was apparent these were anything but for real note buyers I finally got a few of them to talk to me.. and sure enough bought the hey make a middle man fee course from Dalbey... so this thread just popped that back into my memory banks.. if there was not the mention of the middle man fee I would never have even thought of Dalbey.

    @Jay Hinrichs Do MANY people 'spend a bunch of time and effort and make zero"? Sure. Because they re not going about it the right way ans/or are looking in all the wrong places. How do you find the notes that you actually buy with your own funds? Are you not expending some time and effort into locating those? It's NOT effortless, as I am sure you'll attest to. And when you find a good note, you buy it, right? And, if YOU will buy it (assuming it's a good note with favorable parameters), it might be reasonable to assume that other people might buy it also. That includes institutional investors.

    Learning by earning finders fees  certainly does not take any more time or effort than buying them yourself.  You are NOT buying the note yourself so you are taking zero risk. If the investor you take it to will not buy it, you lose nothing but gain valuable experience by learning what NOT to chase.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  preaching to the Choir .. I get all manner of direct mail to buy my notes I get telemarketed by companies in new York all the time to buy our notes.. etc etc.. just like I get direct mail to buy our properties.

    however from someone like myself perspective you get so many people contacting you that are beginners and reading from scrips you just stop listening or responding or picking the phone... but yes everyone has to start somewhere .. and like all things real estate 

    10% make 90% of the revenue be it real estate brokerage,,, wholesalers ,  note finders etc etc.. just the way of the world.

    I have funded a ton of stuff for the TV guru's over the years and been to their big events... and granted there will be 400 folks there all pumped up.. but maybe 20 to 40 will come out of those seminars and take action the rest well they just spent their dough and never do anything.. I guess we could say this about almost anything in the sales realm.. be it selling cars or computers.. 

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y

    @Jay Hinrichs 

    Thanks, Jay
    To me, "guru" is kind of a "blanket' term that tends to evoke an image of [almighty seer/knower/knowledge imparter] which is thrown around in the real estate business a lot because there are and have always been many "find and flip" course salesmen everywhere you look. Those you would be wise to avoid. On the other hand, there is solid, legitimate instruction to be had for almost anything if you know where to look.

    As far as Eddie, I do like him and have attended a couple of his live classes. He's got some really good instruction going on there with respect to the non-performing sector and the opportunities involved along with the numbers and the research-- however, the initial classes seem to me to fall short and you'll need to shell out for their training for somewhere around what a new car would cost you to advance [to the next level]. Joining up will also grant you the 'privilege' of being able to buy non-performing notes directly from their own investing arm- after they teach you how to do it.

    I did not attend Note Expo-- I did read one person's comment that it was more [organizational] in nature than instructional but I would like to hear from anyone who actually attended it to get their opinion.

    P.S. This is kind of a tangent, but regarding institutional investors that are looking for referrals from finders-- if you attend PaperSource or Noteworthy you will find those types of investors there who are looking for your business.

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y
    Originally posted by @Jay Hinrichs:

    @Tim Fitzgerald  preaching to the Choir .. I get all manner of direct mail to buy my notes I get telemarketed by companies in new York all the time to buy our notes.. etc etc.. just like I get direct mail to buy our properties.

    however from someone like myself perspective you get so many people contacting you that are beginners and reading from scrips you just stop listening or responding or picking the phone... but yes everyone has to start somewhere .. and like all things real estate 

    10% make 90% of the revenue be it real estate brokerage,,, wholesalers ,  note finders etc etc.. just the way of the world.

    I have funded a ton of stuff for the TV guru's over the years and been to their big events... and granted there will be 400 folks there all pumped up.. but maybe 20 to 40 will come out of those seminars and take action the rest well they just spent their dough and never do anything.. I guess we could say this about almost anything in the sales realm.. be it selling cars or computers.. 

     No doubt. This is, I believe, why most people looking to start a business of any kind fail. Many of them are looking for 'easy" or they just do not have the drive or wherewithal necessary to make it happen. They want "easy". They do not want "hard". When they find out that they have to do real work in order to make it happen, or they get no calls after placing one ad, they get discouraged and quit. (When, in reality, they have just begun the process). In my view, a great many people quit prematurely and end up leaving a lot of money on the table. But those people will never get it anyway and do not tend to be real achievers.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  could not agree more.. I grew up in a real estate family.. and it never changes you have the top sales folks U have the plodders and you have the one and done.. 

    the allure to this though is mainly spawned out of the internet and free exchange on info .. along with the get rich infomericals etc etc.. I mean you see it everywhere you can make money with none of your own and no credit and so on and so forth.. I am not sure those are great messages to folks. Not that it can't happen but it sure is better in my mind to take care of your personal credit so its remains stellar and to get a great job or what have you so you CAN save some money so you have liquidity to invest with etc.. I mean we all started somewhere .. I had nothing when i got my real estate license at 18.. but I was a top producer making commissions and it took some decades but I finally got to where i wanted to be. Of course very much different in my day no computers no cell phones fax machines were just coming in.. my first gig at a HML we were still using carbon paper on our docs LOL.

    and that goes to your thought process of people wanting it all because someone is telling they deserve it.

    Just listen to any pitch it always has a get the things you Deserve somewhere in the pitch..   this all comes from MLM pitchs Amway and all those others like that. 

    And of course I fully understand how much money is made by those that sell information especially at an Eddie Speed level.. this is Huge money and If i could do it I would in a minute  LOL... I funded hundreds of deals for Montalongo clients over the years and Vertucci was one of my first clients in 2001 when he was just starting out selling turnkey in Detroit now he is making millions a month.. and I am very happy for him and proud to say he is a friend and Colleague

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y

    @Jay Hinrichs You're right- and the pitch seems to always begin with "I'm just like you" or [I'm just a regular guy] and [I've-been-where-you-are-andhere's-how-I did-it-and-now_I'm-going-to- REVEAL (that word "reveal" is always in there somewhere)-to-you-the-SECRET (this word is almost always in there as well-- and, if it WAS a "secret", it stopped being one the moment he mentioned it!

    As an aside, I do WISH I could make a killing financially with little work. Sounds great to me!

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  and of course when you go to a live event the speaker usually leads with a nice picture of he family and kiddos  because that Is the entire reason he or she is doing this.. so they can spend more time with the kids.. not to mention the kids once they get about 8 don't want to spend much time with us LOL.. like is said rooted deeply in MLM marketing techinques

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y

    @Jay Hinrichs Or a picture of someone relaxing on a beach.

    Remember a guru named Dave Del Dotto, by any chance? He had some kind of a RE mentoring course and he had John Davidson singing a song "I'm giving you a rainbow..." which absolutely evoked the "Pie in the sky" pitch.

    Back then, seems to me, RE gurus, generally speaking, were much more blatant about making over-the-top outlandish claims that no sane person should believe in their right mind, but nevertheless a great many people would buy into those anyway I think, in large part because the economy was booming at that time and people who hated their jobs were much more willing to drop a few hundred or even thousands for a lick and a promise and then whatever they bought (even though it wouldn't work anyway if they did work it) ended up sitting on their shelf.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tim Fitzgerald  to funny I know Dave Del Dotto  he has two wineries in the Napa valley one right across the street from my house.. ( moved a few years back) but when I lived there I would go over and end of he day share a bottle of cab with him and he would regale me in lore of yesteryear.. he has killed it in the premium wine business though and if you ever to out to Napa do check out his wineries the one on Atlas peak by my house has great caves and he does experimenting with different kinds of barrels and barrel tops.. to create some interesting blends..  I did not know him during his hey day though but he was also instrumental in the whole infomercial being a thing early adopter.. 

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  • Tracy Z. Rewey
    OP
    Investor · Orlando, FL · Member since 2013 · 837 posts · 316 votes
    8y
    Originally posted by @Joel Owens:

    I generally do not like newer notes either. They are not seasoned so should trade at a heavy discount for the increased risk.

    Joel, I absolutely agree that seasoned notes are preferred to newer notes.  While this was a note we did not want to purchase in-house it was brokered to an institutional investor that was happy with the yield due to the large verified down payment (over 42%).  The payor also personally guaranteed the note and had good credit.

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  • Tracy Z. Rewey
    OP
    Investor · Orlando, FL · Member since 2013 · 837 posts · 316 votes
    8y
    Originally posted by @Jay Hinrichs:

    @Joel Owens  yes many criteria for what to look for in notes as you alluded to .. I grew up in it.. my dad had a land business and did 200 to 300 seller carry backs a year and sold most of those notes to investors this was 60's and 70's and your correct notes on bare land to anyone who knows what they are doing trade at heavy discounts... I don't know the land above and maybe it has some redeeming value that is not apparent but usually a note investor buying that note would DEMAND a return in excess of 20% apr.. only a newb would buy that note at a 10% apr.. I mean we can find great 1st on income property making 9 to 10% all day long.. this note has no income.  So its double newbie one paying for a land note making 10% and another who thinks they have found some new way to make middle man fee's from their computer  LOL...


    Hello Jay,  

    Hello Jay, I just want to clarify that this note was sold to an institutional investor and not a newbie.  I personally would want the higher yields on a new land note but if another (experienced) investor is happy with the returns I am happy to make a referral fee.  Most of my examples for the 12 days of note investing are as an investor.  However, I also want to show people that you don't always have to be an investor to make money in the note business.  Yes, there are purists out there that won't touch a deal unless they are the investor. And yes there are people that think they can make thousands sitting in their underwear from a computer.  For my 30+ years in the business the reality has been somewhere in the middle.

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y
    Originally posted by @Jay Hinrichs:

    @Tim Fitzgerald  to funny I know Dave Del Dotto  he has two wineries in the Napa valley one right across the street from my house.. ( moved a few years back) but when I lived there I would go over and end of he day share a bottle of cab with him and he would regale me in lore of yesteryear.. he has killed it in the premium wine business though and if you ever to out to Napa do check out his wineries the one on Atlas peak by my house has great caves and he does experimenting with different kinds of barrels and barrel tops.. to create some interesting blends..  I did not know him during his hey day though but he was also instrumental in the whole infomercial being a thing early adopter.. 

    WOW, that is far out! Outrageous-- I'd love to check it out! Too coincidental that I would even have mentioned him. And, yes-- you're right-- he was most definitely an early adopter

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    @Tracy Z. Rewey  got it I figured that out late in the thread... being some what thick on this social media stuff it takes me a few minutes to figure out whats going on.

    @Tim Fitzgerald  google Del Dotto wines you will see his great facilities.. the one that looks like an old stone farm house was the one next to me.. its right in front of the Silverado Country Club were I lived.. which by the way was devastated in the CA fires.. about 100 houses around the course burnt down many friends of mine.. its all good.... worse thing we have to do is banter back and forth on BP life aint all bad.. 

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  • Tim Fitzgerald
    Specialist · Chicago, IL · Member since 2015 · 75 posts · 43 votes
    8y

    @Jay Hinrichs I just did Google it. Beautiful country out there. I have been there, but only once and that was way back when I was about 13 years old. If only CA weren't on fire so often. It's such a beautiful state.

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