All Forum Posts by: Erik Jensen

I agree with @Tony Castronovo here. 

Your investments, typically, are fully dependent on your money needs/goals and whether you are staying in that one market. Another thought you should have; Don't compare your market to another market as they are almost always different. For example, your great deal above cost : return doesn't make sense to me. But, that's because I invest in a different market. I'm happy with 10-14% yields with much lower entrances(40-60k & net $5-600mo.).

That was a roundabout way to say ... Research your options, and make sure you identify your goal. 

The perk to having properties in your backyard is that you don't have to rely on someone else. 

If someone guarantees something, turn around and run; don't walk. :) lol.

Good Afternoon !

I'm seeking hard money lenders, and private lenders for my projects in Cleveland Ohio. I will be purchasing my first two rentals, my partner secured from tax liens, this week and closing by the end of the month. Double - digit yielding, performing in 90 days units in B-C neighborhoods we know and trust. The reason I'm seeking lending is like many investors, I'd rather leverage capital and build relationships with more lenders, so I can do more deals!

I look forward to the feedback and if I'm not on the correct forum I'm sure I will be told that quickly. lol.

I'm with Mr. Erez on this one - The homeowner has clearly had a past and present littered with skating the inevitable payments. I also agree with his 3 points.

1. In my 2 years as a licensed agent in Massachusetts my father and I sold 3 or 4 short sales. All of which started my first year. The key to a short sale - can be a great flip deal or note.

2. The problem is timing, headaches and overall money : time ratio

     Is it worth the headaches, time and constant tearing at your moral compass? Then I say continue to pursue these deals! 

---> Contrary to popular belief there are far more deals, than short sales, for investors coupled with great returns. Unfortunately for many; investing remotely requires a large leap of faith!

Being overly optimistic, I believe the realtor is acting in good faith on the sellers behalf. As should all!

I would like to hear this Podcast. Does anyone have a link? 

Thanks!

Here's something I got from today - may serve a purpose to someone 💰👏🏼🤔 I spoke with two colleagues, both with extensive marketing insight backed by many years in management, and instead of investing a lot of time and money in creating a website, they advised me to continue developing my network with Facebook. "The Book" is concise with minimal customization. Information is the value. I'll focus on building rapport with renowned groups. Simply liking, sharing, and commenting when you have beneficial information to contribute. These groups will parallel from searches with keywords "lending, flipping, etc." In order to cultivate my craft I will ensue groups compromised of accomplished investors. My involvement links directly to my rapport. Scratch your back you scratch mine; essentially. Instinctively, investors will begin to "click" my pages when it pops up. After a large amount of contributions I assume... Then as I expand, I'll hone in on a set of skills I have leveraged and exploit the benefits - why am I doing what I do - then the domain + website follow. For now I'll pay 5 dollars a month for a Google biz account to assume a professional approach. Purchasing tools, such as an email domain, proves you have skin in the game. A value unrivaled in business. I have a background in Real Esate flips, cash-flow and securing funding. I have many, many resources I love to share!

Thank you very much for your response @Steve Vaughan ! I will put the information to work.

Would it be safe to say the best way to procure or lure these people out is through word of mouth, or social media? Simply just marketing myself? Or is there a tactic you or another colleague has proven to be worthy?

Good morning, afternoon and evening. I'm new to investing myself. I have worked alongside my father for the past 2 years listing, cold calling, door knocking etc. (whom has 30 + years of real estate experience, NOT investing). 

Simply enough my question is; ARE THERE PROPERTIES WHICH HOLD PRECEDENCE OVER OTHERS? Foreclosed, pre-foreclosure, FSBO, or listed with an agent. I realize there are more options I just listed a few.

After contacting, realizing their home holds a good value and could be a workable deal, what is the next step? How or what is the simplest way to tie the knot on the deal. I already have a pool of buyers and investors awaiting deals.