All Forum Posts by: Jeff Fairchild

"someone please help me find funding"
sorry, but you're gonna need to find funding yourself, people won't find funding "for you" unless you pay them a fee for their services.

You may want to buy one of the private money courses out there to learn how to attract it.

Jeff

John,

I'm sure you have been an investor much longer than I have, but from my knowledge, it is not true that "private money" will only work on good deals. I believe there are many people out there who would loan at 8 to 10% interest rate, and with no up front points, you don't need an awesome deal.

I sent out an email blast to my buyers list in Outlook but I was not able to see if it even sent it out to everyone on my list. Anyone know of a way that I can verify who all it went out to when sending mail w/ lots of ppl in the bcc: area?

Also, I had a guy the other day tell me that he saw that he was bcc'ed and that I was sending the message to someone else. Should I be worried about other investors having access to my list if they have some program that is telling them the emails I'm sending mail to?

I just had a broker email me. She has a client who is interested in one of my wholesale deals. What are the issues that I need to think about when allowing agents to be involved with my deals? I'm guessing I need to make sure there is enough profit to pay the agent's fee. Should I tell her that the buyer needs to use hard money or cash?
What about with regard to her contract vs. mine? What about else is there to think about?

I thought I already posted this message, but guess I forgot to do it, or it was removed.

I recommend that you listen to the mp3 webcast here:
http://www.camerondirect.com/kathywebcast_replay.html

I sort of agree that it may not be the best idea to say desperate to sell, simply because you don't want to have their expectations be that you will offer a low price.

Instead maybe have your directionals include the very best feature in the house like

"Home For Sale
>>>>>>>>>>
Large Backyard!"

Then the sign that you place in your yard could offer the phone number to access a free audio report where you would have a description of the house on a voicemail as well as website where they can download another free property report with photos of the house.

Wear a green or blue shirt, not black or red.

You want a middle of the road car, not a junker, not a flashy $100k car

Jonathan so you're saying you've tested handwritten vs. pre-printed?

I've heard that others have had success even w/ buying with the signs. I'm beginning to think that some areas they work better on than others.

What are you using them for, finding rent to own tenants?

I'm thinking of taking over a house subject to and then lease optioning it out. The only problem is that the current tenant still has 3 months left on his lease. I know that I could bribe the tenant to leave.

Could I sign some sort of contract that would bind me to the deal but that I wouldn't be taking it over until the lease was up in 3 months, but still have it be a subject to contract?

If I was able to do this, I'm guessing that I could start looking for a rent to own buyer at the 2 month mark to give me a month to find one right?

Ok, so what are the pitfalls to buying a property subject to and then offering owner financing and reselling it right away for a higher price and higher interest rate? Ex.

I have one now w/ $127,000 mortgage, $759/mo 5.875%
I put $10,000 in repairs
then sell for $209,000 w/ $12,000 down from new buyer (to pay for repairs) at 7.75% for $1411 / mo

Would this deal work? What would I need to keep in mind? What happens if the seller demands that I get the mortgage out of his name in 3 years?