All Forum Posts by: James Green

I went to a free seminar with my wife to meet and hear this guru and his wife that flip houses in Nevada. They have a tv show on cable, you may have seen it (LOL). Well anyway, they weren't there, we heard a pitch from 2 presenters. I learned about wholesaling and decided I wanted to do it.

It got us excited, so we decided to do the 3 day $997 or $1997 seminar. Went to that, needless to say on the 2nd day they started hinting about further training. The last day, after lunch, they spring the 3 levels of advanced training on the group from 10K to 30K. We were new & wanted to "get rich in REI" and took the midlevel course (20k+). To make a long story short, all we were taught was how to fill out contracts, how to use bandit signs, & how to put offers in on the MLS for distressed or REO properties.

This all happened over a course of about a month, but in the meantime I found this site, I started listening to REI podcasts on iTunes, and my knowledge and confidence level went up astronomically.

Would I suggest the guru courses, HECK NO! Do I regret, yes & no. Yes -I regret the money spent, but No- because I would have never gotten into REI. Spending the money just made me more determined to earn it back as quick as possible. I also made some connections that will be fruitful.

There are some "smaller" gurus that I believe are worth the investment, because you have to spend money to learn from someone. Period. In my market, they have a ton of great local events and local mentors.

I personally joined Sean Terry's "Flip 2 Freedom Academy" which has been awesome.

My 2 cents.

James Green

@Paul Thompson

 If you go, be sure to leave your checkbook in your room. Not that I know anything about these guys or if it's a rip off or anything, .....I've been to a seminar like this, and learned a lot of information that I didn't have the knowledge or experience to implement without necessary the add on packages.

Just my 2 cents.

James

The properties are on West 29th St, on the bus route & near the College of Little Rock. House is half way rehabbed.  I'll have the lots under contract and off to escrow this week. 

Serious inquiries.

Thanks,

James

I'm in talks with a seller that has a lot with a "house" on it that needs to be razed?

The "house" was used to store the gentleman's tools & boy does he have a zillion of them. The house/structure has water & electrical, but the house will have to be torn down to build a new house.

Are there any formulas & such to come up with a wholesale purchase price. The lot is in a great neighborhood & there is actually a house being built next to it.

Thanks in advance.

@David Kosiorek

Great job David. BTW, you're in my neck of the woods. I work by the military base there, and wholesale also in Howard, & Anne Arundel county. I have a buyer that is looking to buy in Howard. Maybe we can connect and JV some deals.

I'm looking for a few good referrals that anyone has used in specifically Charles county.

I have one already, but looking for at least 1 more that can do assignments and double/simultaneous closings. 

Thank,

James

2315 E Federal St 21213 Baltimore, Maryland

3 beds 1 bath 694 sq/ft, end unit built in 1914

$15,000 Purchase Price

$ 3,000 Rehab

$30,000 ARV

Comparable Sales:

$42,000 SOLD 03/25/2015 1420 N Milton Ave

$17,458 SOLD 03/17/2015 1410 N Gay St

$30,000 SOLD 12/1/14 2513 E Federal ST

Looking for your next rental?

This vacant off-market gem in the Broadway East neighborhood is the perfect buy and hold. JHU is already moving into the neighborhood with their revitalization effort (http://hub.jhu.edu/2014/09/30/broadway-east-historic-homes). For those with vision, this is a steal. Median rents are $800/month. Very light updating needed for a rental.

$1500 EMD is required to take property off the market. Must use our title company.investor must be ready to close with cash within 2 weeks. If we haven't worked with you before, please provide a POF for an showing. Showings will be by appointment only!

Email: [email protected]

Realtor’s add whatever fee you’d like for your cash buyers

Access Vacant: Please call 703-731-2744 for Access!

Do you have any bigger multis & do you do JVs?

Thanks, I'll be signing up.

Hello everyone,

I'm a wholesaler in MD. I have several cash buyers that want to purchase MultiFamily (5-20) in Charlotte and Cleveland. I'm actually working with an aquisition manager of a investment firm, so these buyers are serious and know what they want. They should be turn-key with a cap rate of at least 9%.

I'm looking for a JV partner that has the properties UNDER CONTRACT & I have the buyers in place.

Please let me know if you are interested. There are several other east coast cities they want to invest in, but I'm starting in these 2 cities. The properties must be under contract, b/c my buyers don't take long to make decisions.

Thanks,

James