All Forum Posts by: Jeshua Patrick

@Jerryll Noorden finally you spill the beans on the system you use. It works for you because either you know how to set it up or you paid someone who does. Either way it cost you money and/or time or a little of both to set up.

SEO’s effectiveness, when done right, is proof that times are changing. To say you don’t have to follow up is a bunch of malarkey though. What are you doing when you call or email the leads? What do you do with the leads that tell you no or not right now? Do you just let them fall into a hole never to be seen again? If so, you are probably leaving a lot of money on the table.

BTW, you want numbers? I don’t really need to give them to you because they are already written down. Go pick up a couple best selling sales books that were first written at least 50 years ago. I bet if you could actually collect all the data behind your success rate you would see that the numbers apply to your model as well but you don’t have to work as hard to get the results anymore.

One last note. You said people that use DMM are "only" getting a $500 return for a $300 investment. I don't know what planet you are from but if I could show people that I was consistently getting a 40% ROI I'd have people lining up a hundred miles to give me money to invest for them. Just saying.

@Jerryll Noorden obviously you have a method of getting leads that works for you; however, to say that DMM is terrible or that it sucks simply because the conversion rates are small shows you do not understand sales as a whole. Sales is a numbers game that requires a thick skin. Individually most techniques are difficult and frustrating; however, if you pool a few together AND work them consistently then you will eventually build momentum and have more leads than you can manage yourself. It’s like a loaded freight train, it takes a long time to get momentum but, once you have it, it’s nearly impossible to stop.

@Andrew Schulz you ask why you are having trouble finding work but failed to post some critical information about yourself and your situation. What are your exact skill sets? What is your experience (years) and in what specific field? Are you applying for jobs that have requirements you don’t meet?

You have mentioned that you feel you have many years of experience but did you know that you need to have 11+ years experience to be considered to have the equivalent of a HS diploma and 16 years experience to have the equivalent of a Bachelor’s degree?

An example of how “similar” experience might not be viewed that way by employers is my experience trying to transition from the motorcycle industry to the automotive industry. I spent a decade in the motorcycle industry selling parts but no matter how hard I tried I couldn’t convince managers in auto dealers that my experience was relevant; however, after moving to manufacturing, I was able to convince my employer that my experience turning wrenches at home qualified me to be a technician even though I had no professional experience and hadn’t satisfied their alternative time on the job requirement. I have since obtained a 2 year trade degree and used that to obtain a significant pay raise in a related field.

@Jay Anderson credit score isn't everything, it's only part of the equation. Taxable or W-2 income is another big factor in how large of a credit line you may be offered. Other factors include but not limited to DTI ratio, current available credit vs income, etc.

@Chris Mason USDA is owner occupant only and pretty sure it’s more than one year occupancy requirement but I’d have to recheck that. Usually limited to certain areas as well not sure about small multi’s though but I’d be surprised.

I refinanced a car to buy my first house. It was secured debt so the bank didn't care as it didn't move my DTI enough to negatively impact the deal. I would caution this approach as I ended up needing to replace the car before it was paid back off and it took me a few years to recover from that.

@Samuel J Gonzales IV haha. Not so fast. You still have to show where the money originated from if you are taking a loan and it hasn’t seasoned. Also, some states do not allow only one party in a marriage to be on a loan so you better check that if it’s not a commercial loan.

@Jay Anderson banks typically have seasoning periods for unsecured funds not obtained as part of a verifiable income source. It may be possible to use those funds after say 6-12 months. Others may be fine with it so long as it doesn't significantly impact your credit score or DTI ratio AND you already had a sufficient amount of cash or liquid assets to begin with. If the bank requires 6-12 months seasoning on the cash but only 6 months seasoning on the refinance it may still be a workable option so long as you get your numbers right.

@Charlie Moore most likely this is a FHA violation as you are discriminating against anyone who is not Sec 8. It might be ok to say Sec 8 welcome but I would avoid saying only for many reasons this being one of them.

@Kesha Myrick as I said that is really all I know. I was only privy to a small portion of the conversation which I summed up for you. While you seem to have the upper hand legally, I am not an attorney and do not understand the intricacies of lis pendens only that my attorney friend mentioned in that conversation that lis pendens is not usually a cut and dry thing and is often very tricky. I would imagine it varies some state to state and also depends on who the judge is that hears your case.

One side note, I think it’s been mentioned already but it seems like you may have allowed yourself to get too emotionally attached to this deal early on and, as a result, chased it to a point of feeling financially married to it. You even went so far as to refer to yourself as a visionary at one point. I have no idea how much you have spent chasing this deal so far but you may need to seriously consider how much you have to lose by walking away vs how much it will cost you to continue chasing the rabbit down its hole. I used to play poker quite frequently and there is a wise saying in the game that says “sometimes folding is the best play”. I don’t know if you are there yet or already “pot-committed” as we poker players call it but don’t be afraid to pull the plug if the odds of winning without losing your shirt are too low.