On my last leg and willing to pay for a helping hand.

On my last leg and willing to pay for a helping hand.

Wholesaler · Lithonia , GA · Member since 2009 · 3 posts · 0 votes

I have been a newbie to real estate investing for the past year, with no success. I have 16+ properties in my portfolio, at this time, and I am willing to pay anyone or any company a 45% incitative for helping me close deals, i.e. if I make $20,000 from a deal closing, $9,000 will go to the person(s) or company that walks me through the entire process. I have a Pay-Pal account and would advise you to sing up for one as well, as this is the method I would prefer transferring funds after the deal(s) closes. Now I know many of you will say that this is a hugh waste of time and money when I could just as easily close the deals myself by doing a little more reading and studying up on my own, but like I've stated earlier I have been down that road before and I'm running out of options. Reading forums, books, study guides, etc. on your own is nowhere as near as effective as having someone on your side that has been in your shoes and made all the mistakes that I can't afford to make. That's why I'm asking and more then willing to pay for help. One of the houses in my portfolio belongs to a personal friend of mine, and he has been trying to sell his house for 2-3 yrs with no luck. I stepped in to help him out and have all the neccessary info, but I have been held up by my lack of know how. I've signed up for countless websites, bought countless programs, and spent way to much money on things and ppl in the past that has done nothing more then pull me deeper into debt. If you wouldn't mind making extra money and having someone else get the true skills it takes to become a Real Estate Investor......... Please feel free to contact me. Thanks in advance... Jimmy L. Doss

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Real Estate Lender · Philadelphia, PA · Member since 2009 · 216 posts · 112 votes
17y

At what stage of the investment process are you in with your 16+ properties? I have gathered info on hundreds of properties, but would not consider any of them to be part of a portfolio, and could not even begin to do anything with them until I have them under contract. Do you have any under contract? And if so, what is your intended exit strategy? If you don't have any under contract, is that where you are stuck right now? Are you looking for help in how to get them under contract?

I understand that you need help, and so do the others on this forum. However, most of us do not live in your area. Therefore, the only kind of mentorship that anyone can offer is a long distance one. This forum is a great place to receive the kind of mentorship you are looking for, but you need to supply everyone with more information in order to get the help you need.

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  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    17y

    I don't quite understand what you're saying.

    You have 16+ properties in your portfolio. I would normally interprete that statement as meaning you own 16 rental properties. But I'm not sure what the "+" means. Nor does it sound like you actually own these properties.

    It sounds like you have 16 properties you're trying to sell. Is that correct?

    Sounds like you're looking for a mentor to help you with the process "if I make $20,000 from a deal closing, $9,000 will go to the person(s) or company that walks me through the entire process." What process do you mean?

    You want to pay via paypal? I think most people would expect to be paid as part of the closing.

    Anyone who's been trying to sell a house for three years has it overpriced. Unfortunately, the market has tanked over the last three years and a price that would have been cheap three years ago may be grossly overpriced right now.

    Are you trying to wholesale? Fix and flip? Sell retail? I'm confused.

    Welcome to BiggerPockets, by the way. I think we can help you.

  • Real Estate Lender · Philadelphia, PA · Member since 2009 · 216 posts · 112 votes
    17y

    Also, let us know what areas specifically you have had difficulty with in the past. It will help everyone here to focus on answers that will actually help you out.

  • Residential Real Estate Broker · Payson, AZ · Member since 2009 · 3k+ posts · 1k+ votes
    17y

    Jimmy, are you seeking help selling your friends house?

    I would be interested in taking your money but I would be worried that you will still lack the ability to take action based on all the courses and books etc that you have already paid for and still are looking for help.

  • Wholesaler · Lithonia , GA · Member since 2009 · 3 posts · 0 votes
    17y

    Please do not take this the wrong way at to the 3 that just responded to my post. I said that I have 16+ meaning that there are 16 properties that I have accuried info on, and more to come, plus my friends (1) property. Hint the statment 16+. Yes I am looking for a mentor, that's what the 45% payment would be for. What did you think I would just give money away if I'm stating that I'm on my last leg.....? Let's be serious ppl. If there's nothing you can do to help me or would be willing to mentor me through the PROCESS OF EMPTYING MY PORTFOLIO OF PROPERTIES THAT I'VE GATHERED INFO ON( NOT THAT I OWN, NEVER ONCE SAID THAT I OWN ANY PROPERTIES) then this post wasn't aimed at you. Thanks again for your time, but I would prefer only ppl that wouldn't mind MENTORING( HELPING/ SHOWING MAGNAMINITY WITH FUTHERING MY REAL ESTATE INVESTMENT CAREER) a for a fee, which WILL BE PAID AT CLOSING. Not before...... How else would you make money if the job isn't completed....?

  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    17y

    OK, 16 properties you're acquired information on. What sort of information do you mean?

    What are you trying to do with these properties?

    What process do you want someone to help you with?

    All caps is considered shouting and there's no need to shout.

  • Real Estate Investor · Phoenix, AZ · Member since 2009 · 1k+ posts · 1k+ votes
    17y

    This is funny. I thought the previous posters offered to help you, and you seem upset about it!

  • Real Estate Investor · Lawrenceville, GA · Member since 2009 · 12 posts · 3 votes
    17y

    Jimmy,

    I understand you're looking for a mentor.
    Try this first.
    1- Post properties on rotation on Craigslist. You can put some pictures on service like postlet.com or classifiedflyerads.com. Best time to post on Craigslist are 11:00 AM and 5:00 PM
    2- Post ads an usfreeads.com on a daily basis an put link to properties.
    3- Put signs around properties area.
    4- If you have a little money use ebay classified ads section.
    5- Post a little description in youtube using good keywords. The use of a flip camera is necessary.
    I got 10 more ideas but these should get you started.
    there is no magic bullet. Consistency in building your wn buyers' list will go a long way.

  • Wholesaler · Lithonia , GA · Member since 2009 · 3 posts · 0 votes
    17y

    I apologize if you mistook me using caps as shouting...... I promise you there's no need for me to shout when no is here but me, nor was shouting. Using Caps is also a way to help you see things that would have other wise overlooked and or mistaking for something else. I started out by saying please don't take this the wrong way and I'm guessing some ppl did. @ Jaques Columbo and John Holdman, Thanks for your responses, which seems to be the only helpful info provided...... which is a major part of what I am asking for. To all others, if you were offended, I really don't know what to say to you. When ppl use words like please and help, I think those are words showing kindness, not envy or even coming close to being upset. Then again it may just be me that use that definition for those words. Keep the post coming.

  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    17y

    You have yet to answer my questions. So, how about just one. What are you trying to do with these properties? There are lots of people who can help you with anything you possibly want to do with them. Just tell us what that is.

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    17y

    Okay, here's some help...

    If you're trying to sell a property, and it's not selling, it's likely do to one or more of these things:

    - Location
    - Condition
    - Price

    Since you presumably can't change the location of the properties, I would recommend either/both improving the condition or lowering the price.

    I can promise that if you improve the condition enough and/or lower the price enough, you will have no problem making a sale.

    If you want to provide more information, perhaps we can all provide even more help...

  • Real Estate Lender · Philadelphia, PA · Member since 2009 · 216 posts · 112 votes
    17y

    At what stage of the investment process are you in with your 16+ properties? I have gathered info on hundreds of properties, but would not consider any of them to be part of a portfolio, and could not even begin to do anything with them until I have them under contract. Do you have any under contract? And if so, what is your intended exit strategy? If you don't have any under contract, is that where you are stuck right now? Are you looking for help in how to get them under contract?

    I understand that you need help, and so do the others on this forum. However, most of us do not live in your area. Therefore, the only kind of mentorship that anyone can offer is a long distance one. This forum is a great place to receive the kind of mentorship you are looking for, but you need to supply everyone with more information in order to get the help you need.

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    17y
    Originally posted by James Harkness:
    However, most of us do not live in your area.


    And I actually do live in his area! So if he could provide more info, I actually may be able to help locally...
  • Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
    17y

    James,

    For a newer investor, you have certainly developed an understanding of these items. And if the OP - Jimmy Doss - could answer your questions, the site's members could definitely offer some real input. Congrats, you got my vote.

    Jimmy Doss,

    I think that your possible (mis)reading of Nick's response that I quote below, is due to the reply from Nick not being clear enough.

    Originally posted by motiv8td:
    Jimmy, are you seeking help selling your friends house?

    I would be interested in taking your money but I would be worried that you will still lack the ability to take action based on all the courses and books etc that you have already paid for and still are looking for help.

    You see, Nick offers to mentor people, and as such he would be happy to take your money in exchange for the mentoring; but he has concerns stemming from lots of training that you mention that has not yet led you to results. Where Nick's post was unclear is that he did not explicitly mention what he would be willing to do when he said he would take your money; and I think that you read that as if he was looking to take advantage of you. Hopefully, this post will help to clarify matters.

    My suggestion to you is to read the questions that other posts here have presented to you, and post back here with your best answer to them. Good Luck.

  • Residential Real Estate Broker · Payson, AZ · Member since 2009 · 3k+ posts · 1k+ votes
    17y

    Thanks Steve for that.

    my 'mentoring' consist of my slapping you in the head and making you grab your eggs and chorizo and take action.

    I don't have a problem taking you through the steps to complete a deal as I do that for others and they pay me from the profits of the deal. It allows me to earn additional monies while I'm still doing my own deals.

    The problem is like I mentioned and Steve pointed out that I said, I'd be worried you would waste my time like so many newbs have and the fact that you already have purchased so much education and still lack the ability to follow through with a deal.

    where I lacked clarification is simple, I asked you a question and before I would have offered anything, I would need to know what it was you were trying to do. I asked and I'm not even sure I got an answer.

    Regardless, like on one of my new favorite shows called 'Shark Tank' their famous saying goes:

    I'm Out

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