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All Forum Posts by: Jim Wineinger

Jim Wineinger has started 22 posts and replied 1256 times.

Post: How to Use BiggerPockets; We Need Your Help!

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Possibly just one simple change. In that no one will be allowed to post to any section on the fourm until they have clicked on the sticky (rules) for that section.

This would serve as a reminder that not all sections follow the same posting rules.

As far as the other options available maybe a simple FAQ section for each option will work. You have some of that in place now but just where to put that FAQ option for each section may be a different story. Maybe as a dropdown menu for each option along the "toolbar" that goes along the top of each page?

Post: Investors cutting wholesalers?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Douglas, are you speaking of the original post as I would think, or of using an NCND.

Personally I have not yet used one because I usually purchase the deals myself that are deals then resell to those that want to buy for themselves or as an investment.

I do not believe in "clouding" a title because that only causes problems and time money for those who need to clear those clouded titles.

Post: Investors cutting wholesalers?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Or you have them sign an NCND before you give them any information that would identify the property or owner so that even if they go around you, you will still get paid in the end.

Post: subject 3 financing

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Its not the post count that counts Nick, its the post content!!!!!

Post: subject 3 financing

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

David I understand what you mean about the 11-7 nights. It seems that is all that I have worked which allows me the time to decide when I want to sleep (till noon) or later.

I can stay up to chase the deal that I want before going to bed. Even as I child I always seemed to stay up most of the night, but was chastised by my school peers because it was not to party, I just liked the night time hours. When you find out what is you and you accept it you are better off.

Your response to Joe gives a lot of the insight and is what I was speaking of in giving specific advise without giving out your "secrets" completely. Those of us that can read between the lines, so to speak, do understand and will probably be willing to take a closer look.

Being different is a determint (a bump in the road to overcome) to the status quo but is not a bad thing.

Post: subject 3 financing

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

David, I think you took that quote the wrong way. I did not say that your stuff was readily available on the net. I said they way your post sounded comes across just the same as those who do sell things that are readily available on the web.

This is why I believe that you got some of the first responses that you did. The way it sounded to us not the way it really is.

Post: Hello

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Welcome Jacob:

It you take the time to read a lot of the beginning posts in each catagory (sticky notes) you will learn a lot just from those.

Post: "Hard to find a Real Estate Mentor"

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Let me add one thing to what Mike said.

Those friends you find will be willing to advise you as long as you are willing to actually do the work needed.

If someone is willing to also give you the financial help needed (silent cash partner) do not be afraid to give them 50% or better of the profits even though you are doing all the work, because without their money and suggestions you would not have made anything at all!!!!!!!

Post: subject 3 financing

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Welcome David, I too hope that you stay around.

While I too agree with the dress issue, I recognize that the world is changing and that some of us "old timers" are often too rigid in that what works for us is the only way to go.

It is nice to hear from someone that in the years to come we might be recognizing as someone who was ahead of the curve in trends.

That being said, I have one problem with your posts. They do tend to sound like most of those Guru's who are selling only what is readily available on the internet for free.

I come here to BP to learn from those here that are giving of themselves freely, like you say you do, and that may be true. I just do not know as I have not checked it out in any way, to be completely honest. But most of the posters here that I have noticed are giving specific examples for others to follow without expecting them to pay anything for any video.

I do believe that you could give specific advice without giving away your system and thereby also wetting the appetite of a lot of us to check things out further.

I hope this did not come across as any type of attack at all, but just the way things seemed to come across to me as mostly an outsider.

Post: Help with Exit Strategy

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Brandon: I would continue to use 7% to evaluate deals. Several economists believe we will be leveling off (near bottom) and maintaining this leve for a while which would put upward pressures on the interest rate.

If it does not not up then you made a little more than your calculations suggested you would, If it does go up you should still be ok because of averages of the years. But if it does go up too fast you will make less.

Once it starts to go I would use 8-10% for future deals. Depending upon the number of years you are considering.