All Forum Posts by: Melodee Lucido

@Joe Demonte 

Yours is such a good comment on this topic. Granted, we are all the same and yet different. My intention is to treat people with integrity and honor. It may not look like that to them at the time or to others but with time they may see.

I lost a home in 1994 that just sold for 3x what I paid. I got in a very rough spot. It was hard to think back on that time but I get it now. Life happens; it just does. The sad part??? I didn't have anyone contacting me about any kind of hep because I bought through the owner with a wrap mortgage. I wasn't on a preforclosure list----and I paid her every dime and gave her notice that I was unable to keep my commitment.

So, do I believe in what we are doing here in CREI?? You bet. It was such a hard time I would have been happy with 5-10k on a $250k house. A truly motivated seller? You will know it when it happens. And hopefully, as you mentioned Joe, we will be in integrity. It makes for a very good night's sleep ;-)

Hi Gordon,

If your properties are priced right the ads on CL should bring you buyers---and fast.

The biggest part of this crei business is getting the right price with the seller. So many tell you they are motivated---but they really aren't. If you can't find a buyer at the price you originally negotiated you can always go back to the seller and say, "I'm sorry I thought we had a good price but the buyers aren't interested at this price. How much lower are you willing to go to get this sold quickly?" 

If they say no thanks, just stay in touch with them once a month or every two weeks depending the seller. Sometimes a stubborn seller isn't really ready to let go right now---no matter WHAT they say. But they will be at some point----or not. Next!

Michael Quarles  just did a great presentation on the BP podcast on negotiating. I have far to go to be good at it.

Best of success to you!

Russhell, Take what Dean said above to heart. He is absolutely right on. Memphis is a great market; I love it. But it does seem like each and every house has it's unique challenges.

Many will give you advise but always listen to Dean and you will be glad.

Best of success.

Wow, Jose, Thank you. That was a great explanation. I can see and feel it now :-)

I laughed, I cried . . . fun was had by all :-)

I am fascinated by NLP since listening to Michael Quarles on the podcast. I have got to look into this more. I'm looking on Youtube and maybe there are audio books. Thank you Andreas for sharing about the books!

Russhell,

Great to be in action! When you are first starting out it would be good to have a local contractor---or two---walk through with you and give you an estimate. I like to have more than one estimate just to be sure I'm not getting gouged.

Maybe your investors that you are turning your deals over to has a contractor they like to work with. I have a great wholesaler that does my walk throughs, repair list and initial pictures. If it looks good enough then we have a contractor go and confirm the repairs.

Reading those books Haider mentioned will be very helpful. But sometimes go getters like you need to learn while running---you can read when others are sleeping :-)

I love to help if you get stuck.

Best of success!

Ro'Maine,

It's great that you are checking in at BP as part of your due diligence. It is wise to take your time and scout out the possibilities. I talk to people every week that have sad stories of deals that have gone very wrong or they're trying to sell properties that they bought that were WAY over priced.

I don't know why anyone would buy a turnkey from the mls unless they found a rockin deal. Why pay retail? There are many good turnkeys available in good areas that have good tenants, property management in place and are still 20% under market value.

 Best of Success to you

It's sleek & lovely. Its clear that so much love and creativity has gone into it. 

Thanks for all you do for all of us!!

Yes @Ameer Alexander there is that tone here but for good reason. I talk to people every month that have spent thousands of dollars on some course, (a friend of mine spent $35,000) and still don't know how to get started or maybe they are just scared.

I didn't spend money on Sean Terry's course but went through his very generous step by step guidance in his podcast. It gave me the boost I needed in the beginning when I lost my confidence often.

I may go to one of his awesome events some day for the experience of it. He is the real deal.

Best of success to you