All Forum Posts by: Jay Hinrichs

Just like a slide out in an R V .. thats cool.. 

Eric please send me an e mail at [email protected] I cannot copy and paste from BP website would be happy to send it along

@Patrick H.   

sorry Patrick  46 Aiken is a street on the peninsula.. please take a ride by and check it out Southern charm is doing a peice on it for their TV show..  Its maybe 15 minutes from you.

We are at sheet rock stage 

the only context that I have seen it used was in a company I provided the angel capital in.. It was a traffic control business in Portland OR>. and the WOB portion of the prevailing wage jobs.. the contractors used these women owned flagging companies to hit there WOB or Minority numbers.. And PGE liked to hire them as well.

To my knowledge all flagging companies in ORegon are WOB.. Not sure to what context it would help... could be though a leg up in buying HUD homes or government homes..

Not sure though... I do remember in the day that Certain minorities had a preference for the first week or two that HUD listed a property.. Kind of like the owner occ to investor preference currently. Maybe that is the angle that a WOB will provide a leg up in the bidding process of Government owned homes... Just a WAG on my part of course.. If anyone has any other ideas on the subject It would be nice to know..

If in fact WOB does get a leg up in bidding on house's I can see most Hubbies turning over controlling interest to Mama so they can compete :)

@Account Closed   I think we will start calling you the NOTE WHISPERER  your the only one on the forums who can pick up the phone and talk to all these banks in all these different markets and get a heads up on notes coming on the market... Pretty neat trick really.

@Karen Margrave   I would assume in your price point custom.

We go with whats appropriate for the price point with our base cabinets in starter to mid level once we get up into high end  then its another level of cabinetry.. I like using my local cabinet shop where i know the  owner he appreciates the business and we get great service since we buy 10 to 15 sets a year in the one market..

I know in MS I see the guys here build the cabinets on site... even in higher end and use very cheap hardware.. we use soft pulls on upgraded hardware always... I figure since I am saving money on holding costs ( use bank instead of private or hard money) most of my competiiton is using private or HML the savings I make I can up grade a few grand and have a nicer finish package and get my houses sold all things being equal... Hope that helps

@Martin Yung   careful thinking 2 to 3%  very difficult or impossible to sit in a foreign country and make those kinds of returns.. Locals who live there and are on top of the properties every day can and do do this.. But off shore investors rarely if ever.. And many off shore investors get with the wrong provider it can be a losing endeavor as well..

If you would like send me an e mail to [email protected] I wrote an e book specific for foreign investors.. I think you could get some good tips from it.  

Also I have a Singapore partner who is actually with me this week in the US looking at all of our markets... I will forward your e mail to him if you like and you can probably actually sit down with him in Singapore and get some really first hand knowledge of how to invest safely in the US.

contact them and make your offers

As an aside if I was on BP and I was a newbie in the note business I would most certainly take Dion up on his DD product for NPN.

for a few reasons

1. affordable

2. you have someone who really knows the industry looking at your potential deal

3. you will get an education as you work with Dion or his company on DD  so you learn for future events.

Even if your only mildly interested in the subject I would bet one would get more out of a DD package from someone who is in the moment real time than a canned course.

Or trying to decipher all the varying opinions one gets on BP  be them pro or con.  Just because one has done a Podcast on BP  the audience must always take that information with a grain of salt... After all these are all just people in the industry with their personal experience's and opinions  ... there is usually way more information or knowledge one needs to pull these deals off than can be transmitted in a 60 minute interview.. Although it does get people thinking and that is good.

NPN is like graduate school no one is going to learn this by reading on BP one really needs to experience it and just do it... So many variables and depth of information that is involved in these transactions

HML or private lender