All Forum Posts by: Jacob D Cockerell

looking forward to it

@Will Barnard Thank you for the advice, especially reminding me about the 80/20. I've read How to Win Friends and Influence People and Never Split the Difference, so hopefully I've picked up some skills from them. 

I am launching a wholesaling campaign, sending direct mail. I plan to do most of my due diligents and screening in the first call. What are some questions I should ask the sellers who call in response to my letters? 

This might also work in your favor. If it does go to probate and the son does inherit it. In from what I seen drug addicts sale anything for whatever they can get. He probably will sale for what you have in contract or lower. The problem I would have going forward would be do you actually want to give him money? To which talking him into a lower price might actually be better.  

I am trying to get started in my real estate career. Over the past year or more I have studied as much as I possible can. At this point the best way for me to learn more is just to get started and do it. I'm fully confident to start flipping and owning rentals, however I don't have the capital to do so. I've considerd wholesaling but I don't personally like the idea. So I'm looking for an investor to work with. Willing to find deals for or provide any other assistance needed. Basically I'm wanting to get started, learn, and make a little money doing so.

@Dan Gamache is this something you could help with?

oh I see. It seems odd that the appraisals would differ that much. Have you tried talking to the appraiser? It seems like in the podcast show 7. Josh and Brandon talk with an appraiser and I think there is a way you can challenge a low appraisal. 

I'm following this because I'm in similar situation. However I think the answer isn't going to be HML. Your more than likely going to have to use creative financing for these price ranges. Network get a partner, Private Investor, or maybe seller financing .

I agree with @Benjamin Seibert. Don't get in a rush to start investing, build a good finical foundation. Saying that, buying a duplex and house hacking could be a good way to start investing while building your finances. Also check out Grahm Stephan on You Tube he has good videos on how to build your credit. One trick that may work is have someone you know with a good long standing credit card add you as a user to the card. Their good history will add to your credit. Its no real risk to the person because you won't actually have access to the card. Just keep an eye on your credit with credit karma or something because if that person ever starts to default it could hurt you. At which point you could just take your name off the card... but seriously don't start before you're ready even if it takes you a couple of years to build the capital you need. 

@Charlie MacPherson you make a good point about the comps. Personally I wish Zillow would just get rid of the zestiment. I'd rather see a list of all houses sold within the past 6 months maybe categorized by sqft or something.