All Forum Posts by: Alice Green

Condos come with a little bit of more risk and the reason for that is that they are tied to the other properties in the existing neighborhood because when you talk about a condo complex, every single unit is typically the same and there are two different variations or a maximum of three different variations. But the problem that you have is you cannot do anything to improve that property. Everything looks the same from the outside, the only thing you can do is interior but you are not going to get a ton of value when it comes to changing the interior unless you put gold-plated walls in. The problem that you have is if someone else lowers their price, it automatically affects your value because there are not enough differentiating facts.

Can't you ask your lender to lend you the repair money as well??
If not then, splitting the profit with a contractor is the best way to make a decent profit. I am sure you must have got excited about the property and bought it without realizing the pros and cons. Try to avoid the similar situation again.

Old methods are good but lengthy and time consuming and if he wants to look for investing in the entire state of Ohio, then face to face meetings will become almost impossible for him. I guess building relationship via these mediums and with the help of technology (like Skype), he can have these face to face meetings as well, which will make it cost effective.

Marketing Ideas - John, networking has been the best source of marketing yourself and reaching your targeted market. Social networks like BP, facebook, Twitter could be a great help. Start with small efforts and lead towards bigger one like developing a personal website and marketing yourself through it.

Monique, if you don't have cash or good credit, then also you have 5 years experience and passion. I would also suggest that go find a good property and there would be lenders willing to lend you on the basis of your property. You just have to make sure that you have checked all the pros and cons related to your property.

I would agree with Danny, networking with the guys in the field is one of the best solution for your situation. These people who don't care for the bad credits as well. As far as, they find the deal attractive. Try building contacts via using BP's listing services.

Just show him about your passion and why you want to be in this business and if you have worked well on some of your deals and you can those to him to impress him then that would be an icing on the cake. Be Confident!:)

Then that's it, if you are helping them with WOM. Don't need to worry about guilt.:)
But I would really like to know how your deal is turning out.

I guess you don't need to feel bad as if someone is getting pre-approved with a hard money broker,, it not always mean that they will going to have business with them. Its kind of getting an approval that whenever needed you will use their services. So, if not now but in future, you can use their services.

TyWes, as far as you have not been in bankruptcy within last 12 months; you can find different private lenders; who would be willing to lend on your property. The ARV (After Repair Value) of your property is far more important then the credit score.

Why dont your start your search by looking into the BP listing. They have some really good lending companies in their database.