All Forum Posts by: Michael Quarles

To lie or not to lie?   

Obviously the answer is no.  Who in their right mind asks that question.  I would have rather you asked me 

Do you ever think about hurting someone?   That’s an easy question to answer.   EVERYDAY! 

I don’t  walk, park, visit, meet someone, or do anything without thinking about hurting someone.  
I’m always aware of my surroundings from a fight perspective.  

But would I lie for someone.  No.  

Does Nevada have a TDS requirement.   Here’s California's 

https://www.car.org/-/media/CAR/Documents/Transaction-Center...

page 2 item 9.  

Quote from @Michelle Nevarez:

Quote from @Michael Quarles:

I’m going to disagree on the house hack.  You should never chop up a house.  See what I did:)

I would make sure my investment business was separate from my personal business. That VA should be saved for your personal use. Btw thank you!

Learn sub2 and/or seller financing and go buy a few 100 homes.  Sell five keep the sixth free and clear.
Investing isn’t difficult however not easy either.  It’s like learning jujitsu.  

 Ha. That is a good one! 

No need to thank me. I will keep that in mind as well, in separating both investments :) 

I hadn't heard about a sub2, I'll have to look into this a little more. If you're not assuming the loan, only being added to the deed does that mean the seller is unable to sell without your approval? How long are terms usually set to continue payments? Would the mortgage need to be transitioned to you at some point in time? 

I wrote a book on sub2.  

Sub2 isn’t rocket science. The seller is no longer a party to the deed only the note.  The note is being guaranteed by the real property you would own.  The benefit to the seller can be enormous.  Heck my payments help build their credit.  I could go on.  

happy house hunting. 

Hi Joe.  I haven’t been in the mail business since Covid.  

I still mail MY OWN mail. Cluster marketing still works well.  I imagine it will always. The key is negotiation.  It’s like asking a pretty girl to dance.  Most guys will watch, some will fail at the first impression and very few will buy her a ring.  

If I had to help all over again I would spend less time on marketing and more time on courtship. 

You would be surprised.  People get bored with what they’re great at and some are really good at doing things we find difficult   They just don’t need to do it anymore. 

I remember vividly the time I was training with my fighting coach and said to him that he couldn’t hit me.  

And then he did.  

There’s an investor out there who is done who still wants to help. 

Quote from @Ned Carey:

Normally I would remove this post as self promotion- the original poster is a lender. Since others have already replied I will call her out. This is both spam and a really bad idea. 

Sounds like a follower of a recent popular Guru spreading very bad ideas. 

If you don’t have enough money for an earnest money deposit than you shouldn’t be doing the deal. 

I agree about the post being weird, even Chat generated. however of the hundreds of deals I’ve done rarely do I put money in escrow until I’m set to close.  A deposit can be a promise.  My agreement always calls for prior to close of escrow not a date specific. 

Joining the thread again 

I’ve read all of the responses and then reread them. I’m surprised how many direct mail experts are on BP.  It’s really cool.  

Personally I’ve mailed what must be in the many 100s of MILLIONS pieces of mail   I have filled up my fair share of landfills across the country with postcards and unopened letters. 

The question is.  Does direct mail work?  

Simple answer. Yes and maybe and no.  

I can blow a phone up with motivated callers.  However I can do that with TV and billboards.  I can even do it with grocery store carts.  

The reality is an investor needs to first know what type of investing they want to do and understand presentation and negotiation before they do any marketing.  If you don’t it’s like taking condoms to church. Why? 

If you don’t understand pace, mimicking, reinforcements, buy signals, Neuro-linguistics and  closing techniques, who cares if direct mail works. 

my inbound script for when the phone rings is nearly 50 pages long.  Filled with if this then that scenarios and I can have someone who has never wanted to buy a house buy houses after 4 hours of training  

absolutely use direct mail however not too soon.  

Just posted this to a different thread with the same question. 

Stop searching. Put the want need wish emotion down and step on it like it was cockroach.

I’ve coached easily 500 student from a cost anywhere from 999 to 50k each. I’ve traveled the country and spoke to crowds of 4000 people at one setting and gave 3 day boot camps.

Don’t hire a coach. Don’t pay a coach don’t get sucked into spending credit card money on dreams and promises.

However if you still need a coach imho the only arrangement is to have them come to you and “Show” you. Let them come to your city and pick up your telephone and close your deals.

If they say that’s too much it’s because they’re not enough.

That’s the only coach you need. Do that for 60 days and your world will change. Assuming they’re can actually close deals.

Stop searching.  Put the want need wish emotion down and step on it like it was cockroach.  

I’ve coached easily 500 student from a cost anywhere from 999 to 50k each.  I’ve traveled the country and spoke to crowds of 4000 people at one setting and gave 3 day boot camps.  

Don’t hire a coach.  Don’t pay a coach don’t get sucked into spending credit card money on dreams and promises.  

However if you still need a coach imho the only arrangement is to have them come to you and “Show” you.  Let them come to your city and pick up your telephone and close your deals.  

If they say that’s too much it’s because they’re not enough.  

That’s the only coach you need.  Do that for 60 days and your world will change.  Assuming they’re can actually close deals. 

Quote from @Don Konipol:

It’s my opinion that many investors have the wrong mindset when it comes to real estate investing.  This is evident when they express their goal as “ I want to own enough real estate to provide me a $10,000 per month income to replace my salary”.  While financial independence is a worthy goal, defining it this way leads to investing that’s (1) too restrictive , (2) too heavily emphasized on cash flow and (3) too heavily reliant on only one way to achieve financial independence.

I always stated my goal as “ I want to have an investable net worth of $x in 5 years while utilizing a maximum of 50% leverage.  This allows for a wide variety of ways to achieve the goal thru all aspects of real estate; investing in assets that have great capital gains potential but may not cash flow (options, land, redevelopment, gentrification, etc. ) utilizing “fee income” to build my estate (syndication, brokerage, partials, participations), and “creating” high yielding notes, and “creating” wealth through creative real estate buying, selling and exchanging. 

I’m a firm believer in that before one masters any creative or wealth building strategy in real estate investing, they need to master three things; (1) real estate PRINCIPLES, (2) real estate LAW, (3) real estate FINANCE.  Once the investor understands these three FOUNDATIONAL aspects of real estate investing, they can comprehend the creative and wealth building techniques and strategies and successfully apply them to individual deals.  It is precisely because of mentoring programs that teach strategies and techniques to people who do not have any grasp of the three afore mentioned fundamentals that we have such a mess with “wholesaling” and “subject to” that governmental authorities are figuring ways to heavily regulate or outright ban these activities in the residential real estate field. 

Let us know what you think.  What are or were your goals in real estate? Have you achieved them? Or are you on the path to achieving those goals? 

 Everyone needs to read this again everyday for at least 30 days.  

There are jewels written within those vowels and consonants.  

although I jumped in not know that they would try and cash my deposit check having a very good understand of principles, law and finance is paramount to success.  The three are only missing ethics.