All Forum Posts by: Douglas Skipworth

Thanks, @Corey Melkonian.

The video's been viewed over 200,000 times now!

Hi, @Jacob Greer.

Welcome to BiggerPockets!

Be sure to check out the blogs and podcasts in addition to the blogs.  You can learn a ton from all of the real estate professionals on the site.

As for lenders, you should talk to Steve Bighaus (http://snmcloanteam.com/stevebighaus/) and Tim Atchley (http://www.evolvelpo.com/tim-atchley).  They do lots of investor loans and our clients have had great success with both of them.

All the best,

@Cynthia Calhoun said it well.

Here's what I've always heard about learning lessons.

"Experience is what you get, when you don't get what you want!"

I've also heard this one a lot.

"When a man with money meets a man with experience, the man with experience walks away with the money and the man with money walks away with experience!"

Thanks, @Mike E. for sharing. BP is an awesome place for all of us to learn together!

@Michael Mcghee,

I'm going to shoot you a private message.  We'd definitely like to get on your deal list.

As @Patrick Scifres said above, we love working with professional wholesalers!

Thanks,

Great post, @Patrick Scifres!

I literally once had a local insurance agent tell me that you can gain a sizable long-term competitive advantage over most folks in the real estate business if you are (1) honest and (2) competent.  Unfortunately for the profession, I have found this to be true.

The situation you described is a great example of what sounds like dishonesty and/or incompetence.  And, it clearly demonstrates why wholesalers as a group have a less than glamorous reputation (clearly, there are some great wholesalers on BP...they seem to be the honest and competent ones!).

Thanks for sharing.

I'll be interested to see if any wholesalers want to defend their honor.

Hi, @Emmanuel Reyna.

Welcome to BiggerPockets!

You are definitely on the right track with your investing and your learning.  Just keep listening to the podcasts, reading the blogs, and participating in the forums.  You will learn a ton for the real estate experts on the site.

Best of luck to you!

@Maleeka Plummer,

Thanks so much for your kind words!

Hi, @Maleeka Plummer.

Welcome to BiggerPockets!

Be sure to check out the blogs and podcasts as well as the forums.  You can learn a ton from the real estate experts on this site.

Best of luck to you!

Thanks for the reply. 

I did a little research this AM and here's what I found out about our experience with Frayser.

We have 173 properties under management in 38127.

The 173 properties are owned by 68 owners (none of whom manage the properties themselves, in fact 42 of the owners are non-Memphians).  

I personally have an interest in 31 of those properties so that leaves 142 for 67 owners, which averages just over 2 properties per owner.

Only 10 of the properties in Frayser are For Sale right now.

All that to say, there are plenty of non-locals who are doing fine in Frayser.

My contention is that the most important part of investing is purchase price and manager.

By the way, the Ellen video has now been viewed over 120,000 times in the last 24 hours!

@Andy Mayer,

I just heard back from our client and he used Greg Ziskind at http://www.closetrak.com/.  Greg has an awesome reputation in town.  You should consider reaching out to him.

Thanks,