All Forum Posts by: Nathan Paisley

Well I don't have one but my brother does and ever since our business has taken off. If I were you I'd get it just so you learn the basics of re contracts, laws, mls and such. You can always let it expire. The one negative is the never ending fees but small price to pay if it helps you become successful. 

Good luck.

I see your trying to buy your first house to live in. I suggest if you're serious about investing maybe buy a duplex. That way you live in one side and other is rented out which intern pays your mortgage or most of it or even better you cash flow and have a bunch of money left over every month. After some time you should be able to prove to yourself and others if so be it, that you can be an investor. 

Check out the Brrrr method here ----> http://www.biggerpockets.com/renewsblog/2015/04/20...

Awesome @Sheltocks M. ! Keep it up it only gets more fun! Good luck!

Nathan

It sounds like you're stuck with it unless you find another buyer. Next time I would maybe wait to get a signed contract and deposit from the buyer then do a title search.

@Ryan Igbanol good points from above especially what @Chris K. said its a process. Meaning you don't know what you don't know and what you don't realize is you're weeding out the wannabes from the true players. It takes time to build buyers, sellers, agents, marketing etc... 1 thing I learned early on is that if you wanna succeed, you can't rely on others to get things done quick or even the right way (your way). 

It's a numbers game trust me that's why I hate dealing with sellers lol but when you find a motivated one it'll slap you in your face and put a grin on your face as big as the Grand Canyon.

Marketing takes time and money typically months for it to pay off. There are exceptions of course including my first deal but it comes down to trial and error. You've already learned what's not working so now you just need to figure what does work. 

Go to some rei meetings and talk to the people actually buying in you're local area. They have money or they know people with money. 

Welcome aboard @Chris Greer ! Good luck and happy investing!

Try to use a family/friend to finance it with cash than refi after you close and pay them 10% for funding the deal. Personally I would go after off market homes as well. Lots of fish in the mls...

Hey BP I have a serious dilemma... Like stated above my brother (Brandon a licensed agent for KW in Atlantic County New Jersey) and I have to many houses and not enough money. We have funding in place for a few flips at a time but not enough for all or most of them. In addittion we would like to acquire for buy n holds. 

We are getting anywhere from 1-4 properties a month and having to turn some down. Sickening I know. We need to capitalize and stop giving away potentially hundreds of thousands in equity and cash annually. Every property is anywhere from 50-65% below market value. Rehabs range from 5k-60k depending on location and what we want to do i.e. Flip, hold. 

In particular we are NOT looking for hard money loans. My brother and I are looking for partners/lenders who can provide private funding to flip or to acquire for renting. Also looking for portfolio lenders. We are open to any and all recommendations. I'm working on getting a line of credit as we speak plus we have our own capital to contribute if needed. 

My brother and I have been in the business for 4 years and not only bring knowledge of the markets we target but have a trailer of our own tools to do some or all of the work ourselves if needed. We also have good relationships with many licensed contractors in all fields throughout nj.

We're hungry and looking for win wins across the board. If you can recommend someone or point us in the right direction it would be greatly appreciated. We look forward to working with you or your partners.

Any questions or concerns please feel free to inbox me and I will be happy to answer everything to the best of my ability. 

Thank you Nathan 

My brother used photoshop. 

I do get the title search and I actually close on my properties. So I do take title. This way I guarantee my buyers free n clear titles. I have had issues where it takes weeks for clearing them up. Actually the first deal I ever did took 4 months that was not fun.

Although my buyers do pay all closing costs everything is negotiable I try to make everything a win win. 

Was it truly a good deal? If so I would just bite the bullet and chalk it up to learning the game. Now you know and knowing is half the battle :)