All Forum Posts by: Jerry Puckett

@Stephen Nicholson 

Honestly, you are best off just being honest with him. Tell him to call you back when the property is worth that much. "NEXT!"

(Of course I do tend to follow up with people until they actually tell me to go to hell or something similar....you'd be surprised at how often people's circumstances change)

 And so I did Jake. Not sure if you caught it or not, but the last time I posted in this thread was a few years back. I've since gone on to succeed in a very tough market and helped a half dozen newbies (in 2015) become successful enough to leave their Jobs and go full time into RE. Me and @Will Barnard buried the hatchet a LONG time ago. Turns out he and this thread are exactly spot on and probably one of the greatest resources to wholesalers on BP.

I see you're over in Arlington.....give me a buzz sometime and we can talk shop.

Ever feel like you stepped straight into a commercial? Nothing like the old one two punch.....

Hi @Brie Schmidt, 

I believe the early bird passes were $200, and slightly more at the door. It was a two day event; all day Friday and Saturday. There was a VIP meet up for the speakers and sponsors on Thursday that I somehow got invited to (I was one lucky dog!)

Josh had arranged a great deal with the Hotel across the street and I think that was about $100 a night.  All in all I think I spent around $700 including meals, drinks, souvenirs, etc.

I can't even begin to tell you how many times over I've gotten paid back from the connections I made there and the things I learned. I'd gladly pay twice that.

Are you thinking of pulling a J Martin in Chicago? 

 Judging from the last summit, the types of Speakers that Josh lines up don't have "materials" to sell. They were (are) real world pros offering up their knowledge and experience.  Guys like @Will Barnard  @J Scott and @Ryan Webber (rest in peace my friend) don't have programs or product. There were a few, like @Chris Clothier that have something substantial to offer, but Turn key properties are not something that is easily sold at the back of the room :-). In fact, Memphis Invest was a huge help in sponsoring the event.

I do, however,  absolutely agree that BP did not charge enough for admission,  and most would be happy to pay more. 

That said, I'm pretty sure that money is not the issue or a factor in the decision (so far) not to repeat the event. Considering all the growth and change in BP since the last summit, I'd  say it's more a matter of priorities. 

 My standard is "if your property is currently listed please have your Agent call me"

1) Just because it's listed doesn't mean it's non negotiable

2) Maybe you can provide a buyer and split a commission 

3) Gives you a chance to network and add another pro to your contacts

4) Assures all involved you're not trying to poach.

Hi Katherine

Many of my clients are uncomfortable with the "we buy cash" model. If that is not part of your exit strategy, don't say it. But you do need to give your prospects a reason to call. So let them know you can buy houses in several different ways....including cash if the price is right. 

You won't be locking yourself into any one particular exit and can freely make offers as best suits your needs....and theirs. 

Sorry Matt, I had no intention of singling you out any more than I did Jeff or John when quoting their words earlier in this thread. I try not to get personal and appreciate other forum vets who do the same.  Yours was simply the most recent lawyer comparison, something I've wanted to address for some time now.

Incidentally, since I do not know you from Adam I have no way of knowing for certain if the comment about being heard was intended to be snarky or if I'm simply missing your point (again?), but I would think as a matter of course those posting in a public forum would want to be heard, right? Otherwise why bother?

So maybe we can all get down off our high horses, starting with me. 

 Because of course all of those professionals are ethical, altruistic and flawless.... Lawyers don't turn down cases, or try to convince people to take pleas so as to avoid time and expense. Having a license and regulation obviously ensures that said professionals will never do harm, and I suppose we should whatever they say because they know better.

Curious....what is it that makes you think any sympathy on anyone's part would be required, expected or for that matter desired in this circumstance? Are you saying that Fitz because he is not licensed is not a professional and cannot assist? 

And can we just lay to rest once and for all the comparison of lawyers to RE licensees? Let's see.....4 years of law school, bar exam.......to a few hours of classes and a couple grand in dues. Law books accessible to everyone at any law library to a closed system (MLS) that keeps the best information away from the public.....no comparison.

I think a better analogy would be a stock broker. They don't care if you're buying or selling,  or if the market is up or down. Either way, they get paid. How many of you Investors have ever been sold a hog by your broker? Just sayin' 

Before getting all smug, let's compare apples to apples. Better yet, why don't we just say great job Fitz! I sure would love to have a 50k payday!

 Making money and having a heart are not mutually exclusive. You wouldn't do what you do if you didn't turn a profit. 

Just curious, do you often sink your own money into these options of yours? For instance, would you pay the taxes on a home without clear title?

And really Jeff,  that's not directed at you and certainly not meant as a springboard for you to tell us about your business. Just goes closer to the heart of the matter. 

Agents who hate on wholesalers and cry predator don't seem to be willing to put their own skin in the game, yet they seem to expect wholesalers to be very altruistic and help a seller beyond what is reasonable.

I don't believe any of the Agents I've heard from so far would have taken this on. They'd see that tax sale looming 5 days away and say Next!.