All Forum Posts by: Eleasha Counts

Hi Lashinda,

I am not an expert by any means but I have done subject 2 deals and I would be willing to speak with you regarding your deal on a subject 2 basis. As that's one of the strategies that I am using to buy property. I sent you a collegue request.

Thanks everyone! Yeah I am going to follow my gut and not do the deal. I just started using Bigger Pockets and it's paid for itself already!! :-)

No I didn't ask for references. The first day of the conference was held at his office in the Arlington Ball Park Stadium office building. So he has a presence in the Dallas Ft. Worth area. The issue I have is with putting the note on my house in McKinney. It's cash flowing now but if I do this deal then it won't and that makes me more nervous about the "deal". I know you have to be willing to risk something sometimes to get to the next level but this is a little too much for me. I just thought I would ask to see if anyone else had any experience with him and his program.

Actually its a total of $51,000 all in. $44,900 is for me to work with him directly. $30k for one of his consultants.

Here's what the deal is from the email.

OK, lots to cover after our conversation yesterday. Let me see if I can do this
without it getting to convoluted.

1. BillBarnett NOW! would make a Fear Fighter Loan to you using the property
in McKinney as the collateral

2. The Fear Fighter would in the amount of $51,000 would be disbursed as follows:
a. $44,900 for the BillBarnett NOW! 2 Year Executive Consulting Program
b. $ 5,370.72 for the 12 monthly Fear Fighter payments of $447.56 each
c. $ 730.00 to cover any assorted fees our attorney may have for the docs

3. You would still have 2 Fear Fighter Loans to use in the program for investment
property.

This should have you into the program with zero out of pocket.

2104 is going to be a great year for real estate, your big question is do
you want to do this in Houston or DFW and I'm good either way.

Have a blessed Christmas and we'll talk after Christmas.

then I passed on it and this is what he wrote back to me.

Good Morning Eleasha:

I was rereading my email to you and realized that I may have left
an important part out of item number 2, item b: the $5,370.72 is the total
of 12 payments, not the monthly payments. The monthly is $446.56
and is rolled into the note.

This allows you to enter the program with ZERO out of pocket, including
the monthly Fear Fighter payments (which are rolled into the note). All
you and I need to do is make sure we do a couple of deals to retire
your note over the next year.

With you not being totally new to investing I believe we could hit the
ground running and do 4-6 deals anyway...possibly more in the next 12
months.

Something to think about. Give me a buzz if you want to discuss

Yeah that's what my inner gut is telling me too. I am going to pass on it again. I definitely need to find a way to get more money to do deals. But not at the risk of my current property that I own.

Good Morning,

I have been to a couple of training sessions with Bill Barnett. He has a fear fighter program that costs $30k to join. He guarantees that he will fund 2 deals with you cost rehab etc. I turned it down at first. But he has contacted me again with an offer for me to give him a 2nd on my current rental property. That would cover the cost of the program plus I would still be able to do the 2 other deals in the program. According to him once the program started I would get to do the two deals and keep the profits once I paid off the $44k loan against my property. I am not really comfortable with putting the second on my current property for 12 months based on paying it off on the 2 deals that I would do with his company. So I thought I would see if anyone on here has ever done any deals with him before.

Thanks Aaron I did not think of that strategy!! SMH All of the tips have been helpful and will be put to use in our business.

Thank you all for your quick replies. No we did not have a "walk through with partners" clause in the contract. Newbie mistake that WON'T happen again. How do you guys usually get around the seller being there while you bring your buyers? Are you not worried about them going around you to cut you out of the deal? Is there a way to prevent that? I am asking so that I know how to position it with our next deal. Sorry if the questions are too basic. :-)

Hi Derek,

I think my partner did mention that we were going to sell it to him.

Good Afternoon,

I am newly getting into wholesaling. My business partner and I have a deal under contract. We also have a buyer who is interested in our deal. It is in Houston, TX. We have a question on how to get the owner of the property to let us show the property to our buyer without the seller being present. He insists on being there at the property when we walk our buyer through. We have given the buyer pictures, comps etc. But he wants to view the property himself before buying it. The owner of the property has talked to other property owners in the area and he is concerned that he is selling it at too low of a price to us. So now he is refusing to allow us access to the property with our buyer unless he is present. Any advice on how to work this out would be appreciated.