All Forum Posts by: Mark Durham
Mark Durham has started 2 posts and replied 169 times.
Post: Direct Mail - is it still working?
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
DM has & still does work, but it's not a silver bullet. Try different targeted lists with DM & do other types of marketing as well.
Post: WANTED: Wholesale mentor
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
Check out REISGA.com
Post: Wholesaling Real Estate
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
An attorney (or maybe another experienced wholesaler if you know one) and no.
Post: What a Doozy! Need some clever help 🙏
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
You should just approach the bank(s), HML's & Private lenders anyway.
You should never quit or give up until you've tried.
Post: How to structure a deal using OPM?
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
Originally posted by @Jeffrey De Los Santos:
Hi, my name is Jeffrey. I am a new investor. I just closed on my first door and am already looking for another deal.
My first deal I did it with creative financing, so I'm looking to do the same on my second deal. However, I would like to use private money this time around.
My question is, if I do find a family member or friend that is willing to loan me the money, hoe do I go about setting up the financing? Do I write up a contract and have the person sign it? And if so, is there a standard contract im able to use for this kind of financing?
Your answers are greatly appreciated!!
It could be done with a hand shake, but I don't recommend it. Best to write down EVERYTHING so if there are any disagreements later, you can look at the written, signed agreement. Each deal is different, so there's not really a "standard" contract. Since you're new, you should find a good attorney who's experienced with this and have them advise you IMO.
Post: Hard money questions
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
Find the HML(s) first (unless you've already found a great deal). Interview as many as you can find. Many have different requirements, experience, limits, etc. Try to get referrals from other investors.
Post: *New Atlanta Real Estate Investor needs guidance for wholesaling*
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
Originally posted by @Tamika Barnes:
Hey BP community! I'm new to real estate investing and want to dive into wholesaling but I'm overwhelmed by the # of ways to find deals (driving for $, probate, tax liens, craigslist, pre-foreclosure, etc.). I'd love to work with (or under) someone who's been successful and open to hearing advice from others. Thank you!
You can work with or under GA Home Buyers. Go to Georgia Home Buyers
Post: Assuming loan and owner financing questions
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
1. Several ways to do this. Which way is best depends on several factors. I would not use cash.
2. In my experience, banks don't care where $ comes from, they just want to get paid.
Post: Bank Statement Loan for Self-Employed
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
There are MANY, MANY examples/methods of CF including Private Money (too many to discuss without writing a book - which I'm working on).
Until my book comes out, search here on BP & Google it.
Post: Bank Statement Loan for Self-Employed
- Specialist
- Atlanta, GA
- Posts 179
- Votes 100
You don't need banks. Learn CREATIVE FINANCING strategies/techniques then focus on finding MOTIVATED sellers.