All Forum Posts by: Chris M.

Dexter on Showtime!!

Sons of Anarchy is good too.

The few who want to hold that property, clean it and market it will do exactly that. Most want to move on past it and appreciate the help of wholesalers.

As long as the wholesaler is doing everything legally and honestly, I don't see how helping someone sell their property is a bad thing?

Hey Sarah,

I'm also a member of CFRI! If I ever see you, i'll be sure to introduce myself.

I'm very familiar with mobile home's and Lonnie deals (owner financing), so if I can do anything to help please feel free to contact me.

When I get a wholesale deal under contract in your neck of the woods, i'll be sure to let you know so we can make some money together!

To get started, consider making offers with no funding in place.

A Proof of Funds letter is easy to come by with some help of fellow BP members.

For the funding issue, make sure you stick to your numbers and don't bid over what you know is the right price for you. This way, you can take advantage of the Inspection period (7 or 10 days usually). You must market your butt off during this Inspection period using every technique you know (bandit signs, craigslist, etc.) If you absolutely must, you can back out of this contract due to your inspection contingency.

I almost forgot, you will have to come up with a $1,000 (refundable) deposit to escrow. This you'll have to pony up.

Voice Settings > 'Calls' tab > Call Screening OFF (Directly connects calls when phones are answered)

I love Google Voice. We use it on all of our bandit signs. It's very effective

P90X is great for those who are already in great condition. However, i've learned that most people quit somewhere within the 90 days because it's so tough.

In my opinion, Power 90 (P90) is better to start with. The work outs are slightly shorter and not quite intense. More importantly, physical fitness is more about being consistent that having a drastic change in a short time frame.

I'd recommend to start with Power 90 for the first 90 days then move on to P90X for the next 90 and maybe INSANITY after that.

One step at a time..

I actually only sold 1 mobile home and am in the process of selling a second. I've been focusing on obtaining short sale leads the past few months. Every weekend we put out 50-100 bandit signs and currently have a couple of deals going through the process, 1 of which is a bird dog to our very own Nick J.

Most recently, I bought the e-book from Steph at FlipThisWholesaler.net and have been putting bids in to bank owned properties to wholesale them out to cash investors. No bids have been accepted yet but I am also currently working on finding a cash buyer for another wholesalers property and split the commission.

My plans are overall the same, just slightly different at this point. I want to take advantage of the overwhelming foreclosure market here in Orlando and do as many short sales as I possibly can. But I have no money for marketing for direct mailers or any other approach. I currently have a friend buying blank bandit signs and I am going to split any profits I make with him included, along with my partner. I just made fliers that I am going to walk around and put out in the neighborhood to try to get some leads that way.

I want to wholesale REOs to cash buyers because there is no risk and quick cash. I want to use this money to pay for marketing for more short sale leads. Then I want to use some money from the short sales and invest in some Lonnie Deals/Mobile Homes to create passive income.

Last but not least, I want to set up a team that does all of this for me and then invest some (10%) of my earnings in other things like stocks or funding a small business.

My overall success has been mediocre. I have learned a lot and feel like my positive mindset and my burning desire for success will most definitely lead me to it very, very soon. However, I haven't really collected any money which just makes it hard to keep going when i have no money to support myself or the marketing that I need for this business. I will not give up and I will incredibly successful very very soon.

Thanks for your interest! :)

Actually 6 BP members are in on this deal! Johnny and I are partners in FloridaPropertyRescue.com :)

Maybe we should switch the name to BiggerPocketsMembersUnitePropertyRescue? lol

I love BiggerPockets for bringing everybody together and providing so much information all in one place. Thanks everyone (especially Josh)

Thanks in advance.

That's the great thing about the investing in mobile homes is the owners move out, continue to pay lot rent, and become incredibly negotiable on the price. Be firm on whatever price you decide to offer them. They will sell it for cheaper than you may think.

When selling, be careful on quoting a specific amount for a down payment. You definitely don't want to only ask for only $500 down if they have say, $1200 to put down. Your main goal is to obviously get your ROI back as soon as possible. When potential buyers ask what the down payment is, just tell them it's open for reasonable and negotiable consideration. Find out what they can afford (within reason of course) and you may be surprised at what they may say.

Also, make sure to ask them what appliances will be left with the home. (ie. washer, dryer, fridge, stove)

I can recommend some good blogs and articles (mainly from within this site) from some investors that have some awesome tips for this exact thing.