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All Forum Posts by: Christopher Blanco

Christopher Blanco has started 51 posts and replied 483 times.

Post: Meeting with a hml for the first time

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345
I agree with eliminating the 4 point guys. That's highway robbery. 

I disagree that the HML is not interviewing you. They are DEFINITELY sizing you up. Bring documentation that you have including bids and a proof of funds  bank statement to show you have enough cash to make the make the payments.

Originally posted by @Michael P.:

@John Cushing Seems like you're putting a lot of weight on this one meeting. There are So Many HML guys out there. I would probably just call them all, get the best quote, then start seriously talking to the few that have the best rates.

The difference between 2 and 4 points can be so huge you might want to eliminate those 4 point guys right off the bat.  Narrow it down and go from there.  

I personally would not bring any documents with me to a HML meeting. You are interviewing them, not the other way around. That is just my take, I know you are probably eager and possibly at their mercy, they don't need to know that.

Goodluck...

Post: Seasoned investor willing to meet

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Javier, do you network at these events? 

Post: Trapped by fear - Utilizing leverage or not for first deal

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Depends on the kind of leverage. Do you have a deal you are looking at? Want to share how you are evaluating your deals?

Post: Looking for advice on purchase strategy

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

@Chris Schuler, I understand, but what you can do with the SDIRA is amazing. PM me if you want to talk further. 

Post: Looking for advice on purchase strategy

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

@Chris Schuler why not convert your Roth to an SDIRA and invest that way?

Post: Why are good wholesalers so hard to find?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Exactly what @Edward B. says. When your ARV's are $30K or more over and repair estimates are $15K or more under estimated you are going to lose my interest quickly. I am going to do my own due diligence, but I am paying you an assignment fee for your marketing and evaluation time. If your deals are only deals because you inflate the value, YOUR value to me is nothing.

Make the deals a win-win is my advice. 

Post: Why are good wholesalers so hard to find?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

I understand building a buyers list. I do the same thing as I market to probate and will someday get more deals than I can handle. I guess my motivation to sell is not to make a quick buck, but to service the customers in my probate deals if I cannot personally help them. 

Post: Why are good wholesalers so hard to find?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

This is more of a rant than an informational post. Why are good wholesalers so hard to find? My experience thus far with wholesalers has been less than pleasant. I started off with some smaller names, but found out quickly that ARV's are WAY inflated and rehab estimates are under estimated. So I decided to try and go with a couple from one of the bigger nationwide firms and got taken on a two month roller coaster ride, only to be told that the wholesaler decided to keep it for himself.

I am beginning to see why wholesaling has such a black eye. 

Post: HEEELLLP!! How do I find a mentor if I'm overseas????

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Where are you looking to buy, Stephan?

Post: First deal too good to be true...?

Christopher BlancoPosted
  • Real Estate Consultant
  • Cleveland, OH
  • Posts 511
  • Votes 345

Thanks, @John Leavelle for validating what I was saying. @Creighton Bertrand, its tough to hear a deal you like isn't as good as you think it is. Remember, like I said, you need to find reasons not to do deals rather than search for reasons to do deals. If you are trying to talk yourself into something, then its not going to work.