All Forum Posts by: George Maka

@LaTara G. That is not true, not all motivated sellers are short-sales. Motivated sellers are those who are looking for help to get out of a situation. Foreclosures can be motivated, but so are probates, absentee, and just regular homeowners. 

Suppose I own a home and I was offered an out-of-state position with a new company. I start in 1 month and I am not a real estate investor so I want to sell. However, I can't sell within that month, so I now have 2 mortgages. I won't be able to make 2 mortgage payments for too long, so I am now motivated to sell my house for a discount just to relieve myself of the first mortgage payment. 

This is just an example of what some motivated sellers look like. I wasn't in foreclosure, but I was motivated because of personal circumstances. 

Thanks,

George

@Branden Chhuor  @Blaine Stolpestad 

The link for the BP meetup is;

http://www.biggerpockets.com/forums/521/topics/137...

Also, if you go to your "Profile & Settings" and towards the top, hover over the "Forums" menu and then click "Keyword Alerts" set up a keyword for "Orange County Meetup" and you will be notify whenever the meetings post are updated.

Thanks,

George

@Shane Spaulding Audible.com is part of Amazon and they allow you 2 free downloadable books on your first sign up. Google search the link for 2 free downloads and you can use that.

Thanks,

George

@Jaccob Heath As long as you can convey that you understand the process and know what you are doing, they won't question you. You're in the business of solving people's problems. So, if you ask the right questions and figure out what their real problems are, and you can solve it for them, they will be more than happy to sign the contract.

Please feel free to reach out with any questions you may have. 

George Makakaufaki

@Clayton Ballard The answer depends on what you are looking for. If you are looking for a lump of cash, then flip it. If you are looking for monthly cash flow, then hold it and go down that route. 

Personally, if the numbers hold true on repairs and you can rent it for that amount, then I would lean towards renting it out. 

George

@Derek Moya Do you have a question? Are you interested in buying the property? Or are you looking for someone to maybe step in and buy it?

George

@Abou C. Start attending your local REIA's and network with all your wholesalers, realtors and other investors in your area. Apart from that, you can market to owner-occupied and absentee owners by obtaining a list or if you can across a property that looks run-down, write down the address, find the owner and reach out to them about purchasing it.

Thanks,

George 

@Steve Babiak Thanks for the suggestion, but I was just curious on what the formula was and was not aware that it was being gamed. If you were to look through my past post, you would see that I make it a point try to add value to people and not just say "hi and welcome." SO your "maybe" and "hypothetical score" does not apply to me. Please do your due diligence before accusing others.

Thanks,

George 

I was just curious, what is the algorithm for the Bigger Pockets Average Post Score? I want to raise my score so I can be on the top 5 leader board. 

@Sharad M. I haven't used them, but they seem to get a lot of recommendations from across the boards and other investors, www.YellowLetters.com

It's owned by @Michael Quarles and he is on the latest BP podcast interview. He seems to be a nice guy, and heard that he's helpful if you reach out to him.

George