All Forum Posts by: LaQuadra Neal
LaQuadra Neal has started 8 posts and replied 15 times.
Post: Strategy for First Time Buyer, 760+ Fico, $100K DP in Los Angeles
- Posts 15
- Votes 4
Invest outside of California
Post: Which Real Estate Office do I use in Minneapolis
- Posts 15
- Votes 4
Originally posted by @John Woodrich:
@LaQuadra Neal I don't think anyone at the city will have this information for you, they don't really have a need to track it. Sounds like your goal is to start a buyers list, I would work on networking at all of the local meet-ups and let people know what you do.
So which office records the sales transaction of a property? Does the sheriff's office records auction sales or somewhere else?
Post: Which Real Estate Office do I use in Minneapolis
- Posts 15
- Votes 4
Hey Investors,
I need your help with identifying which office in Minneapolis and Hennepin county to utilize to identify cash buyers in a particular zip. I am a new wholesaler so I want to get the lay of the land of which offices to use for what transaction.
First, I went to the office inside the government building Real Estate Services and they said the do not record that information. Then I went to the City of Lakes in Minneapolis building and he said they only have information about homestead and property appraisals. Then I went to the public works building which I'm not sure why they sent me there. Lastly, I went to Public Service Center Building and then my meter expired so I was not able to speak with the receptionist in that office. I called a number and they suggest I contact the sheriff's office especially for auctioned properties.
Where should I go?
If I want my co-workers to attend but they do not have a Bigger Pockets account can they still attend?
Post: Networking at MNReia
- Posts 15
- Votes 4
I am attending the MNReia event tomorrow. I am looking forward to connecting and networking with other investors. If you are going we should connect.
Post: Best Wholesaler in Minnesota
- Posts 15
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Who do you believe is the best wholesaler in Minnesota? Why do you consider them the best? How many deals have you done together?
This is great advice! Thank you.
Originally posted by @Sam Hickey:
@LaQuadra Neal
I always start by explaining to them what my goal is and why...
“Mr seller, I buy houses at wholesale prices.... my goal is to bring your house back to its prime and make this a very nice home for the next family that needs/wants it. In that process I also plan to make a profit when I sell the home. In order for me to accomplish that, I have plans to spend approx 25-30k ( example) on renovations in order to update/fix/repair the roof, kitchen, floors etc.. and after the house is complete, I am hoping to sell the home for around 120k ( example) for all of that to work, I would need to buy the house for 65k in its current condition.
I approach this conversation from a teacher/educational point of view. My tone and body language is from a place of respect and professionalism. I want them to know i have done my research and I’m not just “lowballing” them for the sake of starting low. My offer is based on a formula, market research, business model, etc.. I haven’t bought as many houses as a lot of people on the forum but I have never had a home owner get offended at my offer or take it personal when I do this.
I also try to add value that isn’t monetary... for them.
Example: “you mentioned that it’s gonna take you a long time to go through all of grandmas old stuff and clean the house out..... what if I put a dumpster in the drive way for you at no charge.... or better yet, just take the stuff you want to keep and my team will take care of the cleaning after we buy the house... “”.
Giving them permission ahead of time to not fix anything or to just leave the mess as is can create a relief for a seller who is selling moms house after she passed etc...
I also offer to let them come back and have a private showing when the renovation is complete. If the house was a family home, this can be moving for some people who want to see “grandmas house” all fixed up again. They may even get excited that the house is going to “get its sexy back”
Good luck.
I'm going to bite the bullet and purchase some bandit signs. What number should I put on the sign? I was thinking about having one dedicated Google Voice number on a bandit sign and different number on car magnets. Is it better to have one number for everything?
@Michael Lewis Lee thank you for responding.
Post: Establishing Credentials as a Wholesaler with a Business Name
- Posts 15
- Votes 4
Thanks for the feedback.