All Forum Posts by: Account Closed
Account Closed has started 15 posts and replied 35 times.
Post: Why Doesn't This Qualify for Financing?
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Recently watched this video by Pace Morby, and while on an agent call he mentioned how the seller’s property wouldn’t qualify for financing.
my assumption is the type of property doesn’t qualify, but wasn’t quite sure. Any thoughts? Thanks!
Link:
Post: Thoughts on Paying To Join A Mastermind/Community
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Amir Khan:
@Account Closed I don't have recent experience joining mastermind group, but I can recommend this book as one of the best book to read about raising private capital: Raising Capital for Real Estate - Hunter Thompson.
Just ordered this book! Thanks for the recommendation.
Post: Thoughts on Paying To Join A Mastermind/Community
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Eliott Elias:
Joining masterminds is not about the education, it is about the connections you make. The barrier of entry is harder, thus bringing on more quality people.
Have you had experiences with masterminds/communities?
Post: Thoughts on Paying To Join A Mastermind/Community
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Chris Seveney:
@Felipe Corral Jr.
What you didn’t state is the price of the mastermind and is it led by one person with students that anyone can get in or a group of people who have raised mo eg?
Many “masterminds” are guru groups where the guru takes money and you learn basic education for $10,000.
Personally I would not pay for a course on raising money because the #1 thing people look for is track record, so spend your money doing some deals first then learn to raise money
Great perspective! The course costs $7500.
Thanks for your feedback!
Post: Thoughts on Paying To Join A Mastermind/Community
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Amir Khan:
@Account Closed I don't have recent experience joining mastermind group, but I can recommend this book as one of the best book to read about raising private capital: Raising Capital for Real Estate - Hunter Thompson.
Thanks for the recommendation! I have read a raising capital book, and the only critique I had was scripts, documents, etc detailed.
I am hoping this one does! Thanks again 🙏
Post: Thoughts on Paying To Join A Mastermind/Community
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
This has been weighing heavy on my mind — the thought of paying to join a mastermind/community.
What has been your experience? Has it helped you scale? Was it a waste of your money and time? Is it worth it?
I’m thinking of joining a community that helps educate on how to raise private capital. This is one area I have specially struggled with.
Post: Lead-Gen in 2023
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
How has your lead-generation evolved in today’s market?
Are you still relying on an investor-friendly agent? Are you targeting a specific list? More emphasis on direct-to-seller marketing?
I would love to hear you guys are pivoting in today’s market!
Post: Real Estate Agents with Seller Finance Experience
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Matt "Roar" Gardner:
Quote from @Account Closed:
Quote from @Joe Funari:
@Account Closed I have been involved in many seller finance deals. But to be honest why would you want to pay in the neighborhood of 10% for a seller financed deal? It won't cash flow. Usually these are reserved for people with bad credit. This primarily applies to SFR's. But its rare you see owner financing on multifamily here in the Dallas/Ft. Worth area due to the demand for them.
Great context! Thank you for this information. What's the best investing strategy in the Dallas/Ft. Worth area in today's market?
Thanks @Kyle Momany - Congrats on your most recent seller financed STR by the way! It looked great!
@Account Closed - I've closed seller financed deals, sub2, and working on my first VA loan assumption as we speak. I think creative financing is a requirement to keep properties moving in this interest rate environment! We're negotiating one right now that may land with a 2.5% interest rate!
Best of luck my man! You have a ton of support with anything you need through BiggerPockets. :) Keep asking the right questions!
What is a good email I can reach you at?
Post: Real Estate Agents with Seller Finance Experience
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Joe Funari:
@Account Closed I have been involved in many seller finance deals. But to be honest why would you want to pay in the neighborhood of 10% for a seller financed deal? It won't cash flow. Usually these are reserved for people with bad credit. This primarily applies to SFR's. But its rare you see owner financing on multifamily here in the Dallas/Ft. Worth area due to the demand for them.
Great context! Thank you for this information. What's the best investing strategy in the Dallas/Ft. Worth area in today's market?
Post: Real Estate Agents with Seller Finance Experience
- Social Media Lead at BiggerPockets
- Phoenix, AZ
- Posts 40
- Votes 10
Quote from @Eliott Elias:
I know many in Texas who understand this process. What is your goal?
Goal is to purchase SFR and 2-4 multifamily units via seller finance. I am in the process of generating different forms of lead flow, and would want to talk to brokers who have experience closing on these types of deals regardless of city.
My hope is a broken can update me on market data!