All Forum Posts by: Dennis Marshall

Oh I definitely am. This site is like free mentoring.. What beats free? Your a real estate man so you should know.

Free and clear....LOL

You have to like that one.

My name is Dennis. Im a real estate wholesaler in the Tampa Florida area. Im very new to the business and loving it. I wouldn't say I was forced into it, I took one big risk to get in it. I was so miserable at my job that I ended up getting fired because I just didn't want to be there anymore. Well I had been getting mentored in by my buddy Chris Bruce for about a month before beginning the rest of my life as I see it. He's also out of the Tampa area. When I found out I was getting fired, i decided that I was never working for anybody else again. EVER! He always told me that success favors the bold and boy was I bold. Now nearly a month later, I have one deal in escrow, a probate under contract and table full of great leads. I haven't closed my first deal yet but im making some big moves and loving every step. I am getting ready to start my own corporation and Im currently running my own website where I teach people what I'm learning and how they can make money online. That's [LINK REMOVED] check it out. I would really appreciate some feedback as Im trying my hand at informational marketing as Im doing real estate.

I knew one day I would be successful but didn't have a clue how. Could never find the door and had no access to the key. Now I've found the key to success and Im getting ready to open it

I appreciate you reading this. Hope you enjoyed.
Dennis Marshall
CEO of Dennis Knows
[LINK REMOVED]

I understand where your coming from. I really appreciate the advise Mr Warren.

The buyer is willing and ready to pay the 22k. I just havent come to him yet with the new additions. I'm going to call him today and ask him how he feels about paying a few more thousand but if not, I'm walking because there's no way I can sell the property for more because it needs rehabbing and get them some money to help with the moving process.

Chaulk this one up as an for Learning experience huh Mr Warren.

Thanks again

I assumed it was closed the minute I turned in the paper work to the title comp. It was a great deal. It was a duplex property worth around 60k. The owners say they owed 17k. Showed me the paper work for that loan. I originally had it priced at 30k to sell after I got it under contract, but after like 3 days I got a really interested buyer and decided to come down to 22k to get it over with. The owner would get 3k after their mortgage was paid, and I would get 2k. Well about a week later, the title office calls and says that there was a private loan on the property from 96 that was never satisfied. I asked the owner about it and she said that the loaner sat in the yard one day and told her it was paid up because her mother in law had been pocketing the money. After tracking her down and seeing that she recently went through a foreclosure, she immediately said that she was owed 5k. Well after getting release forms signed, she said that she was really owed around 30k but she would settle for 7.5k.

The reason this was a good deal was because I got the buyer to agree to buy it and let the tenants stay there so renovation wasn't even a question. Now it's jumped from a 22k deal to a 27k deal. It's a complete mess. That's why I don't know what to do.

Can I just walk away from the deal siting not being told about all mortgage obligations?

If I leave the deal, who will have to pay the title company?

And I take it a deal isn't closed until you get the check. While the title office is doing what they do, is that what you mean when you say "it's in escrow"?

Im fairly new at investing but i had a good deal. The title office said this happens all the time where unsatisfied mortgages pop up right when the deal is so close to being done. Hate that it happened to my first deal.

1-advertise in newspaper/craigslist
2-yellow postcards
3-estate sales
4-bandit signs
5-Search local section 8 database for buyers


[b]-I did this and only got calls from 2 people who had already been approved for short sale and out of my range.

-offer referral fees: This doesn't last to long because they get you a few homes and when you can really do anything with them, they stop sending you leads

x rolls/lis pendens/liens (RW)
obituaries: Got to try this

connect with divorce lawyers/bankruptcy lawyers: Definitely going this route

connect with burnt out landlords and out of state landlords: trying this now. Almost had one this week but he wanted proof of funds and bank statements
-bail bondsmen

Im fairly new but in doing this for the past couple months I've learned where to put more focus into. I started with the yellow letters and that wasn't too good. After closing my first official deal, I will be trying the post card campaigns and after that, what ever brings in the dough, I will be doing

Dennis Marshall
[LINK REMOVED] :cool:

I recently closed on my very first deal and was so excited. I was going to make $2,000 quick and easy after 2 weeks of work. Well come to find out there was a previous landlord that had a private loan on the property. She was paid but now that she's in hard times because she didn't invest her money right in the real estate crash, I believe she needs some cash.

The dilemma I'm in is my deal that I originally got with a 17k mortgage to pay off, then 3k to the seller and 2k to me (22k in all), has now come to $24,500 and that's not including my assignment fee. I want to just walk away from the deal so bad but the home owner's calling me wanting to know whats going on, im almost sure the buyer wont want to pay another 6 grand including closing costs and the title company has to be paid for their services. I don't know what to do. I have a probate that Im currently working on but do I even bother taking this deal to the that title office or should I just go to another?

Im so confused. I'm just in this business to help people and make money. I don't want to ruin my name. Anybody with any advise, it will be greatly appreciated. Pass some of that wisdom on to a young man.

Thank you
Dennis Marshall