All Forum Posts by: Account Closed

i was never a fan of "staging" until I listed one of my properties - the agent did a great job, the property looked so much better - and it sold within a few weeks for a price I was satisfied with.

• The rugs, lamps, tables and all the other stuff came from Rent A Center, it wasn't all that expensive - it made the sale.
• You may want to consult with them to stage your house - they will deliver it and put it where you want it in the house and remove it when you are finished.

Remote investing - yes I have been doing that. Just closed a transaction in Ohio, controlled it for $100,000 and sold it within 11 days for $145,000. 

• I was going to have an auction, but I always run some ads first; got lucky, had a bidding war. Netted $45,000.
• Just purchased (controlled with a skinny contract of sale) from the sister her interest in a 77 acre property.
• Her brother was unreasonable and nasty to her, so she sold me her interest subject to me selling it.
• I now am a partner with a nasty unreasonable bully who lives in Tennessee, I am in Baltimore and the 77 acre camp site and tavern is in Missouri.  
• I may file a partition suit and sell the property at auction
• I have also done deals in Jacksonville, Pennsylvania, Virginia, West Virginia, New Jersey, Delaware.
• There are more moving parts, but it can be done if you follow a few simple rules.  

Leads - from the internet or run ads in local papers.

• Negotiate the price on the phone
• Make a trial offer - a trial offer is an offer well below what they wanted - a TRIAL OFFER  will smoke out their true motivation.
• Always ask for contract candy - that is anything they can add to the deal - all the furniture, owner financing, interest free note for their balance or part of it, a car, money back at settlement etc.
• Send a skinny contract for electronic signatures
• Get it inspected, have agents look at it, get comps
• If my offer is too high, go into second stage negotiations (lowering the offer).
• Advertise the property for sale - if no takers - have a public auction.

With remote investing the United States is your market - learn how to do it and you will always have leads, deals and settlements.

Good luck,

Charles

Our next meet will be the first Tuesday of August -- at our last meeting we had a panel fielding questions on  -- LET'S GET PERSONAL - what's your problem, your issues, why aren't you meeting your full potential in real estate? Many questions were answered and the members had a good opportunity to learn from others with similar problems; their fears and their success. The Quick Pitch is a great way to connect with others and expose your needs.

We had a large turn out at that open forum, lots of learning and real estate education - we discussed some creative Control and Roll system; this system is used to flip properties -- within 3 weeks without ownership; as reported to me, the CEO of the REIA and auction company, our members settle hundreds of transactions for short term profits.

I suggest you become a member of as many REIA's that you have time for - they are a great place to network and learn from other -----WARNING - some of the REIA's have guess speakers selling courses and seminars - make sure you check them out before you make a decision to buy their programs - there are lots of local mentors and professionals right here in Baltimore Maryland who will hold your hand, teach and mentor you - no need to buy a course from someone 3000 miles away - STAY LOCAL!

If you are considering paying for a mentor you should be sure you will get what you expect - so check them out before you take out your credit card.

• Do they own properties now, where, how many? What's their net worth - prove it- look at their financial statement. (talk is cheap)
• Ask if they can mentor you on how to write an offer, use a skinny contract, and necessary protection clauses - look at their forms before making a decision to take a mentor on.
• Principal mortgage, delayed settlements, subordination mortgages, possession clauses, legal assignment forms and agreements, wrap around mortgages - how to stay legal and honest in your real estate business.
• Prospecting - negotiating, hybrid offers, long form offers, commercial contracts, joint ventures, piggy back offers, raising funds.
• Public auctions - how and where to profit, where to stand, how to bid, when not to bid, conversation with trustees and auctioneer before the live out-cry action, farming for commercial properties.
• Title companies - credit lines how not to use HML's, and tenant management, local rental requirements - staying legal - eviction and and tenant retention.

I always suggest that when hiring a real estate mentor you interview them as if you are an employer for your corporation - if they don't pass the smell test  - you should pass - find a reliable mentor or coach who has a track record of continued financial success.

Charles Parrish

have discounted waterfront house in Essex, $89,000. Bargain. 

Mike, I run the oldest REIA in Baltimore, mdreia.com, feel free to give us a call - we'll be meeting tomorrow.

Charles

I may have some marketing tips for you - call or write when you can. Charles Parrish

Also have a cheap waterfront in Essex, you may like it. $98,000

I could be interested in this deal - need details - give me a call.

Charles Parrish

I may be able to help you, give me a call or send me an email.

Charles

Forget HML, get a credit line, this way you can write your own loan. I Washington, lots of opportunity there. My son and I were museum hopping a few weeks ago.

Give me a call when you can, be glad to help you --- we also have a REIA in Baltimore.

Good luck.

Hey Chuck, we auction and invest in your area, I use to live in Bel Air about 40 years ago. I'll send you an email about our MDREA, you may be interested in meeting up some day.

Good luck,

Charles