All Forum Posts by: Del Kelley

Thanks Don. Right now, I'm in the middle of finding a mentor. It's tough to find one.

At the present time, I don't have the cash to buy an reo. So the incestuous relationship with reo brokers may need to wait.

To complicate matters, everyone and there brother is competing for wholesale deals in Jacksonville Florida. However, in Saint Augustine, I see opportunity.

I just need to figure a strategy for higher priced properties. I WILL NOT DO SHORT SALES!!

Jon I appreciate both your input and your awesome gray beard.

And thank you ljace7.

Well, this has been one heck of a thread. To wrap this up, the nasty incestuous world of REO brokers and their go-to investors makes me ill.

P.S. Green Bay Packers will win.

Hold on John,

Anytime you buy from some and resell to another you are ostensibly brokering a deal.

In fact, most investors here are a broker in one shape or form or am I out of line.

Jeff, I think you make sense and because you have the experience, I value your comment.

I live in an area where rents are high and properties are over $200,000. Maybe Land Contract or Subject To

Thanks Will and Jeff. The both of you are smart and funny :)

Well, I live in Saint Augustine and the houses are more expensive there. Maybe I can do some subject-to deals because everyone and there mother is a wholesaler in Jacksonville Florida.

"Luctor Et Emergo"
Struggle and Emerge

Jeff,

Do you have any unresolved issues. My undergrade degree is in phychology. Sorry, I couldn't help it.

Look, I am starting out. I have a great opportunity to by from an established wholesaler and he can even set me up with a hard money lender. But if I buy from him, it will be getto and I become a landlord. I am not intertested at this point in becoming a landlord. I WANT CASH.

So my point is that newbies have it rogh in REOs because the deck is stacked against them if they want to flip.

Thanks Will from California.

I like your idea about marketing to distressed sellers. Maybe a little subject-to or land contract gigi is in order.

Boy, this is both exciting and eye-opening.

excuse my spelling. I meant to say better.

There has to be a beeter way to make a living!