All Forum Posts by: Daniel Smith
Daniel Smith has started 8 posts and replied 42 times.
Post: This is crazy
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Jay Hinrichs:
@Daniel Smith TOO FUNNY there are probably thousand upon thousands of BP members that would love to make 100k plus a year.. and your telling folks your broke..
I get it.. .no more help for you .. your smart enough to make that money your smart enough to pull this off ... LOL good luck do the right thing and you will be fine. !!!!
I'm not smart enough to pull this off without help. I want to take in any advice I can get and I will learn from successes and failures. When I posted this I hadn't educated myself at all about real estate. Since posting I have talked to investors read up on several legality issues and will be contacting an attorney to make sure everything is legal and fair. I appreciate your input and I'm going to have to get chewed up and spit out a few times by people like you to really help me understand that I need to continue to educate myself and take things slower so I don't screw everything up for everyone.
Post: This is crazy
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Jay Hinrichs:
@Bill S. most states have passed those laws.. Oregon WA and CA for sure... and OR and WA did it way back in 07 I think... it was at that time I stopped cold turkey working pre foreclosures... I qualify as a foreclosure consultant under the law here in OR IE I am a licensed mortgage banker.. however the laws have way more teeth than just that.. in our state the equity is protected and must be shared. that right there makes most pre foreclosures a non starter from an investor stand point. and a quick way to get into problems .. the OP will be wise to freshen up on the laws .. and not just trust someone.
Also just antidotially @Chris Martin I agree with Chris broke in need of money desperate what ever you want to call it.. is not a good scenario in most instances this will lead folks to take risks that could harm themselves or others... regulators could give a DOODOO about your peronsal issue when you violate the rules... LOL...
I appreciate the input I'm not as broke as I made myself seem (commission salesman making 100k+ yr just isn't enough for me) and I am learning a lot talking to local investors and attorneys. I will get this figured out and I'm not going to make a poor mans mistake and screw myself or other parties involved. I'm studying up on legalities and how these processes work.
Post: Sounds crazy but...
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
I appreciate everyone's advice. I will take everything into consideration. As of lately I've been cramming my brain with every BP podcast I have time for yesterday I listened to six. I'm learning very quickly but I have a lot to learn.
Post: Looking to network
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Cashmere Robinson:
Nice to have you with us. Let us know how we can help.
If you could check out my other post the link is above your comment I could really use help in that situation.
Post: This is crazy
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Chris Martin:
Given that you state that you are clueless, I'd suggest talking to an attorney that can protect your interests and possibly make this deal work. I'm not trying to be harsh, but what you've said: "The owner of the home is incapacitated" and "I'm broke and I have bills to pay what is my quickest and safest way to money here?" These are parameters for a disastrous result if you are not careful.
Disclaimer: I am not an attorney. This post is not legal advice and is for entertainment only.
Feel free to be harsh I'd rather hear "Daniel you sound like an idiot don't proceed that way" than getting myself into a bad deal and screwing myself and or other parties involved.
Post: This is crazy
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Chris Martin:
Given that you state that you are clueless, I'd suggest talking to an attorney that can protect your interests and possibly make this deal work. I'm not trying to be harsh, but what you've said: "The owner of the home is incapacitated" and "I'm broke and I have bills to pay what is my quickest and safest way to money here?" These are parameters for a disastrous result if you are not careful.
Disclaimer: I am not an attorney. This post is not legal advice and is for entertainment only.
I agree and I will I am now working with a partner who won't let me screw this up. I won't make a quick and crazy decision and will be contacting an attorney. At the end of the day I know my bills will get paid I just want to end this deal with a fantastic result for everyone involved.
Post: Looking to network
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Corwin Hernandez:
Where would I find that post?
https://www.biggerpockets.com/forums/311/topics/277086-this-is-crazy?page=1#p1806022
Post: Looking to network
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Corwin Hernandez:
I like your attitude! I feel the same way. Although I don't have much now, I plan to build a very big empire and have always known success would be part of my future. Learning about real estate, I'm sure this is the vehicle that will lead me to that success
Yea I'm always seeing progress and I've only been doing this for a week. Check out my other post titled "this is crazy"
Post: Looking to network
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Corwin Hernandez:
I'd read some books on syndication and also Brandon Turner's book on he bought his. He used some creative finance to get the deal done. That'll up your mind on how to invest even further, especially for larger projects
Thank you for the advice. I will do what ever it takes to be successful. I'm excited by the idea of taking nothing and making something and that something will be huge with the right knowledge and game plan.
Post: Looking to network
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Ned Carey:
Welcome to BP @Daniel Smith A willingness to reach out and talk to strangers is a strength that will serve you well. I believe one of the top things that holds new investors back is fear of talking to a strangers about buying their house.
I appreciate the feedback, I understand without asking for what I want I'm never going to get it and that's why I love talking to strangers. So far I'm loving the bigger pockets community!