All Forum Posts by: Jared Benson

Check out dfwreiclub.com. I go there when I can and am signed up for their class on wholesaling dec 6. Only $220!

Welcome! Send me a connection request(im on the app and can't right now). I'm kind of in the same place and am looking at making my first purchase(maybe this week, fingers crossed). It would be cool to meet someone local who is learning like I am. Also, I work for a foundation repair company so feel free to send me any questions about that you may have as well.

Sorry for the typos 1. Who is lending the money 2. Who are you making payments to 3. Will they put* a lien on the property 4. What happens if* you don't finish paying by the end of the 24 months

I'm not sure exactly how it works for that specific vendor, but for my company(foundation repair) we have a third party company that provides the financing and they get approved for something "like" a temporary credit card account. We compare it to getting a best buy credit card with the intro "no interest for 12 months" type thing. The obvious difference is that this is not a revolving credit line like a credit card. It's good for a specific amount of time. To make an informed decision you should read the info and understand the fine print. 1. Who is lending the money 2. Who are you making payments to 3. Will they out a lien on the property 4. What happens of you don't finish paying by the end of the 24 months If you can figure all that out you should be able to make a good decision

The upside for contractor is: 1. that when you don't pay it off in 24 months they can back charge interest for the full amount. 2. They have an account with a third party financing company that will pay them(the contractor) the full amount(minus a financing fee) and then the third party will collect the back charged interest when the full amount is not paid during the agreed term Both of these situations only benefit them if you don't actually pay everything off in 24 months. I don't know their exact terms but this is generally how "zero percent" financing works. Many people don't pay off the FULL amount by the end of the term and end up paying 15%+ when it is all said and done. If they offer financing it means 1 of 3 things generally. 1. They have amazing margins and will cover the cost in the first few payments 2. They are large enough to eat the cost to add a benefit for their customers 3. They are large enough to have an account with a financing company Hope this helps!

Great thread! I've just recently discovered BP and would love to attend a local meetup. I'll search the other forums as well.

I've been to DFWREIClub.com many times with Greg and Robin and I've really enjoyed it.

I agree with both zach and jon, unless you are going to do all the major repairs you are probably better off lowering your price and aiming to sell to an investor.

Also look at "tribes" it's all about creating super loyal followers and how well that works. Think apple fanatics. He is the same guy that wrote "purple cow." They are some really good marketing reads.

My dad has shared some great advice with me. "People want to see you do well, just not as well as them." While that seems pretty petty, a lot of people are exactly like that. I think it really comes down to the individual person. Some bosses are great and want the best for all of their employees, and some are insecure middle managers. I realize I'm the flip side from most of the other commenters, but I work for a small company and I see some petty BS occasionally. When I finally get going(looking for my first buy and hold right now) I will most likely not let my bosses know, if at all possible.

Daren H. Tim Bishop is right, you never know exactly what is gonna happen in a lift or what work was done before hand. That goes for both windows and tiles.