All Forum Posts by: John Corey

If the deal makes sense even if the 'shell' was removed, fine. If the deal only makes sense if the shell remains in place, look at the bond as a cost of your bid. If you can find someone to sign the right document for less than the cost of the bond and you are sure they can sign, then you know how much you can pay them to complete the paperwork.

People make profits when they solve problems. Even if you end up not bidding on this one or you are out-bid, you will have learned a bunch about the process by which a manufactured home can be converted into real estate once it is permanently (legally) affixed to the ground.

A smart real estate lawyer will refuse the work if you are pooling funds and claiming you do not need a SEC or state filing. They will say it is outside the scope of their practice. They do not want to lose their license to practice because they took on legal work they are not competent to perform.

The state regulator for real estate agents could be the best place.  

Marketing will require the reader to engage. Think about how things look, how they are said and how the receiver of the marketing will respond.

Grammarly and other tools will help a lot.

Age does not matter unless it is an excuse for why something is not working.

Love the story and how you have shared. Well done and keep going. 

What are you cold calling about? Is it truly a cold call or did the other party indicate they want callers?

First, drop the all CAPS. It is seen as shouting. Or, it is a style used by someone very naive with computers. Neither are good impressions

There is no one form or marketing that works best in all cases. If there was, we would all be using it and there would be no need to ask.

Using multiple marketing channels and tracking the results is the solution. Knowing the journey you want to take people on, being clear how you will move them along (conversion points) and then tracking progress. A channel or platform might be better for specific niches, avatars or other ways to indicate a specific sub-group.

There are no mistakes in marketing. There is only test, test, test to learn, learn, learn. You are dialling in your campaigns so you can achieve better and better results for less time, money or effort.

Everything is negotiable. You do not need a down payment if the seller is OK with not receiving one. Most want to see cash. That does not mean you personally need to come up with the cash. The guy wants to travel and he does not want the hassle of the property. You can relieve him of the responsibility independent of how he gets paid. As a traveler, he might like a steady income (seller financing). Focus on what he needs and what he wants. Figure out what he will do it he does not get what he wants yet he gets what he needs.

Brian has offered some good ideas for getting started.

BTW, I would not say that trading is the focus. 'To trade' implies buying and selling pretty rapidly. There is a lot of friction and associated costs when you buy and when you sell. A very inefficient process compared to buying and selling shares online. There are people who do buy and sell rapidly yet rapid is not like a day-trader int he stock market.

What I like about using software is the ability to reduce the mistakes. You can run Due Diligence (DD) in a consistent fashion. You can also improve the process over time because you keep repeating the process.

Lots of people working on algorithms. You could say that each investor who does their own manual DD is using an algorithm if they follow a list of questions, steps, etc.

Can people find deals which are mis-priced or where the seller is motivated to take a lower price that the property should be worth? Certainly? Has there been an algorithm invented to automatically spot deals? Definitely. Do they work all the time? No.

Buying requires capital. If the asset is honestly more valuable than the agreed price, it might, just might, be able to structure a nothing down deal. 

I have a degree in computer science, I worked in Silicon Valley for just under a decade, I studied AI at Stanford, I worked for multiple investment banks when algo trading started to be a fad. Sifting through data to find a deal is very old news. That said, you can make money if you sift better than the competition. At present, I am a non-executive director at a UK based company which has a functional algorithm for finding distressed sellers.

It is sexy right not to claim you are using AI or similar. Even companies which could not 'spell' AI want to claim they are using it.

Happy to discuss right in the thread what some of the possibilities are. Just understand there is a fair bit of smoke and mirrors being used to promote various ventures.