All Forum Posts by: Joanne Eriaku

@Bobby Shell congrats, I'd like to know more like initial investment, ROI, why both versus one syndication?

@Adah N., is there a reason why you as an investor choose to be with a non-inevstor friendly agent? I think the team you choose to work with really matters, they can either help you or hurt you.

Hi John, I'm guessing here @Brian Mason may be a good person for you to know

@Andrew Moran DON'T consider Virtual Wholesale, its too impractical; can you imagine trying to virtually do  proper due diligence? How confident would you be? Unless you have someone who can do it for you in that other state. Wholesaling needs boots on the ground- if not yours, then someone whom you trust or have trained in your due diligence systems. 

I'd also say- if wholesaling is not good for your market then what is? what can a beginner do in your market? is there a gap you can fill?  or could you shadow someone who is successful, learn from them as you figure out where opportunity is and in what shape, form or fashion? Just my two cents....I'm not a pro yet, i too am in perpetual learning mode....

Certified Checks for the stipulated down payment, not for the full amount, usually there is a brief period of a week or so before actual full payment is expected. For example where I'm at, its usually a 5k check that we bidders all bring, then 1 week to complete full pay.

@Giovanni Cardenas, As surely as multiple organs are all working simultaneously...you have to ride those horses simultaneously....never stop finding funding, never stop finding buyers, never stop marketing, never stop diligently seeking deals...unless you chose to retire or have trained someone to do it on your behalf...or both. Also, just FYI, there is something called reverse wholesaling which means first understanding a specific Buyers need then going out to seek deals with his/her need in mind. You curve out your path based upon what works for you but never forget....all your organs are working, always.

Don't wait for the pandemic to end, deals are still ongoing, some slower than others but still ongoing. I would also advise that you consider not just foreclosures but the umbrella term of distressed properties- meaning whether its foreclosure or liens or fire damage or in a state of disrepair or probate or divorce...its all about distressed properties and motivated sellers. 

@Ben Zimmerman LOL, LOL on the Nigerian Prince and the good doctor. But seriously @Ritu Desai, I'm confused too, filing for Bankruptcy less than a year ago and buying a 950k home don't go hand in hand in the same sentence. What am I missing here? 

@Zack Williams I forgot to say that you most likely will have to cash finance. Conventional funding rarely (if at all) works for foreclosure types. But worry not, the sea of Hard Money, Investment Money, Private money is great, especially if the deal is good.

@Zack Williams, They indeed can be a good deal. Remember what makes a deal good is the numbers and conditions making sense, doesn't matter where it comes from- Probate, Divorce, Liens, Judgements, Disrepair, downmarket, upmarket.... whatever the case, as long as the numbers and the conditions are good- you should be ok