All Forum Posts by: Joe Calderon

Loan is a thing that is borrowed, usually currency. Like giving someone gold, but to reinvest and then pay back.

Excellent earnings! Force a bubble around you when you encounter a negative person that is a conflict to your goals. At first sight they should no longer influence you in any way, anymore. Remember, arguing is a waste of time. "It takes up your time and energy and doesn’t produce any tangible results."

"My financial advisor (who is also an alumni friend of mine) is not a big fan of real estate"

Haha, what...get a new financial advisor.

Talking to everyone you meet is a new window of opportunity. Sometimes you meet someone at a gas station, begin a conversation and somehow by the gift of the gods he happens to have what you want. Make sure to attend REIAs (real estate investor associations) in your area; they're meetings where people with an interest in real estate discuss what they do and build their network.

"I realize the #1 way people find a deal is by sending out direct mailers"

....no. It's by making calls. Because receiving a call (listening) involves more investment on the seller's part than reading, it's a lot harder to ignore than a direct mailer. Make enough calls and you'll find a seller.

"sometimes you can spend hundreds and thousands of dollars and get zero deals"

is this some sort of hyperbole?

Yes, the first meeting between you is supposed to "act as an introduction and plan for future meetings" to see if you are in accordance with what the mentor expects of you and what you expect of the mentor. It's a vocal contract of sorts, but can be written.

@Chris K. Explain what's the difference between being an agent and investor.

You may someday transfer funds from a personal account to the rental deposit account by accident. Although it can be undone, it's still against the law. Therefore, I would use a separate bank. To be safe, always ask your lawyer.

Hi Kevin, BP is a wonderful place to connect with others. In fact, BP has a lot of resources to use ranging from the blogs which offer splendid advice (always remind everyone what you are, whether it's a contractor, agent, landlord, etc.) to the marketplace where deals can be sought and made.

BP is where I met my mentor that is showing me what it takes to be a successful real estate professional. Most importantly a commitment must be made to the field. However this applies anywhere. With commitment and discipline doors will open up.

We look forward to learning about your goals as @Patrick Noel stated. As Brandon Turner, the VP of BP said, "real estate is like a box of chocolates". There's so many options it's impossible to be bored. Joe

He could rent for 1500 for no flow. This is silly.  If rental comps are 2k then this is a circus. Have you asked the renter why so low? This is an important qualifying question.  

It is entirely possible to rent out the house for a higher price. List the positive aspects of the house. Is it a spacious house? How big is the bathroom? Does it have a jacuzzi? Can dogs roam in the backyard freely?

It is entirely possible to find new tenants agreeing to rent for new rates. These rates will be higher, obviously. Can't wait to hear what the seller says. You'll make a lot of cash flow off this.

Advertise the four unit apartment.