All Forum Posts by: Jake Kucheck

J Scott- not sure if you are a Falcons fan or not, but being the most prominent member of BP I'm aware of that is from Atlanta... thought I would offer a friendly wager...

Loser of Sunday's NFC Championship (even, no spread) makes a donation to BP... amount can be confidential or public... your call. Thoughts?

How come no one is giving her credit for coming up with such a clever advertising ploy? People come on here shilling their crap, and it always gets immediately taken down because the moderators are awesome. Yet, she managed to evade moderator detection and perhaps even stirred up some interest in this pub. Kudos, Emma T.

I didn't go to a meeting in Irvine... I was referencing Shawn's club which meets in Orange. I've never been to the InvestClub for Women, although I've heard good things and was impressed with the founders when having met them. From what I've seen first hand with Shawn, and heard from others with regard to the Women club, neither are pitch fests, and neither sell you anything (besides your entry fee).

Some of the best RE networking I've been involved with has been at the "meeting after the meeting" at the conclusion of Shawn's meeting, where everyone goes to the bar. I even got Bruce Norris to laugh. It was pretty sweet.

www.investorsworkshops.com

That's the right url... not sure why the link isn't working.

Looks like you found yourself a great deal Tim, that's precisely what I was looking for in the other thread.

There is one more component that remains to be seen- what did your end buyer end up having their rehab cost and resale price be? Will you be willing to share this with us, too?

Actually we all agree on that... my issue is with the folks that have no money, don't intend to use money that they control, and still consider themselves to be, and represent themselves, as investors. Because they aren't.

Joshua Dorkin I'll help make calls to have this in So Cal if you'll comp my travel and lodging (kidding... obviously).

Seriously though, if you think that might have legs, we can round up the REIAs and get several hundred people "in the know", then through that find a venue. I know the Norris Group puts on a swanky event each year (I was an attendee) and I'm sure they have way more of the connections you are looking for, but if you need some "feet on the street" to go scout venues, meet with contact people, etc, I'm down for the cause.

If the useless wholesalers of the world (specifically not you, Jerry) would stop calling themselves RE Investors, and in so doing, negatively influencing the public's opinion of the term, then we'd have a lot better shot.

I never meant to indicate exploiting market inefficiencies was a bad thing. In fact, I take pride in my ability to exploit market inefficiencies. I don't, however, think that the execution of most wholesalers does a very good job of exploiting a market inefficiency. In most cases, it makes the process far less efficient. That's the distinction I was making.

I look at wholesalers as, in theory, exploiting a market inefficiency. They are able to find sellers, who for whatever reason, are willing to sell their properties for less than their true value. As such, they are able to provide a valuable product for an investor that is able to do what they are unable to do (close the deal with their own cash). Thus, they took a problem for everyone and turned it into a win-win-win situation. You know, in theory.

The problem is that wholesalers don't know that they are supposed to be doing that. The gurus teach them how easy it can be, and so of course they try to manipulate the numbers into being attractive instead of finding attractive numbers to begin with. Sad, but true.

Will some people be effective at doing this? Sure. Is it a respectable and profitable business model? Maybe. Is it investing? Not any more than selling used cars or snake oil is.

I think wholesaling has its place, and when done properly, it can be a great market inefficiency to exploit. The trick is finding a wholesaler whom has done it properly. And there, I'll definitely agree with Rob K. Post your numbers wholesalers... we're all eager to see it in practice.