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All Forum Posts by: Patrick Lee

Patrick Lee has started 3 posts and replied 7 times.

Post: Seeking Advice On A New Client Who Wants to Work With My Company

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1
Quote from @Bruce Woodruff:

@Patrick Lee Time for a reality check. @Stuart Udis gave you a perfectly honest and straight-forward opinion...which I think is what you asked for and wanted? You should want an honest opinion, whether you like it or not. I do not personally know Stuart, but I've found his posts to be well thought out and honest (even though I have disagreed with a couple of them :-)

Here's my take on your post - you say  "As an experienced contractor of three years".....seriously? That is next to zero experience, you don't even have the required 4 years 'Journeyman level experience' that it would take to even get a General Contractor license.

There are several GCs on the Forum that have had their licenses for decades, if you want $800 a month plus $250 for a site visit, then how much would these extremely experienced GCs command as a fee? Hmmmmm, maybe I need to rethink my life....

And don't get upset, we're trying to help you set a realistic business model so you don't have a built in failure plan.


 Thanks but no thanks. You guys were raised on one sides ideas. Im cool please if no one has nothing good to offer on my post please dont use my post as a bouncing board for your rudeness. Or I will report you to bigger pockets for it. Who knew bigger pockets were full of virtual pricks.

Post: Seeking Advice On A New Client Who Wants to Work With My Company

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1
Quote from @Sebastian Bennett:

@Patrick Lee You are the reason why Attorneys eat well! How can you not see the writing on the wall! If someone disagrees and wanted to offer you a different answer/one you like why hasn't a single person come forward....crickets.


 This is not professional of anyone of you to piggyback on me, to speak to people like this in such a respected forum and website. Your two are very rude.

Post: Seeking Advice On A New Client Who Wants to Work With My Company

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1

Enjoy your life and please ignore my posts. Thanks, rudeness is a quality I don't take heed to no matter the advice.

Post: Seeking Advice On A New Client Who Wants to Work With My Company

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1

Did you ignore the fact that I mentioned I have a contractor background, and I am applaud by your answer that having an LLC is irrelevent. I think it matters if I never worked with this person. As an attonrney your response is pretty cold and offers me no helpful insight. I am distracted by your language and cant see your helping words. I thought I could reach out and get some guidance from professionals on this site.

Post: Seeking Advice On A New Client Who Wants to Work With My Company

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1

Hello,

So I recently was given an opportunity by an associate of mines who referred a client to me that needs a "holding-hands" sort of speak professional to help them do fix and flips on their portfolio investments.

I will be speaking with them later today around 2:30pm EST. As an experienced contractor of three years and having a college background in Porject Management.I am ready to work with this potential client. I need advice on what I can charge and if its a reasonable offer. Keep in mind this investor lives in Texas and I am from NYC, meanwhile their properties are in PA. My target market and only 1hr and 55mins away.

What I will be offering to this potential client is a 6 month coverage at a rate of $5000 with a "boots on the ground" at $250 per visit each month to check on the progress of the property and project .If the potential client can not pay in full, I will offer an installment payment plan with a down payment of $1750 or one month plus 3 visits. Then the remaining balance of $3250 can be paid out over the remaining five months of coverage at $650/Mo.

My plan is to pitch this offer to my potential client with 2 months free of coverage and 2 free monthly visits included in our contract agreement, saving them an estimated $3000 or more in additional expenses. I found out through my own research that low scale as a project manager the fee or rates can range $8000 to $10000 and upscale as far as $20000 plus 10% of the profit. 

I think this gives me a chance to open up the consultant side of my own business while exercising the use of my skills and knowledge as a project manager. Seeking feedback. Thanks in advance. What terms can I add or change and if you was the potential client, could this be a reasonable offer knowing I dont have prior clients for this kind of work and just by going off my college and previous contractor experience and credentials. Also keep in mind I do have my articles of organization and my operating agreement for my LLC.

Post: How to Find Landlords to Pitch Deal?

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1

Hello,

So I am curious on how to find landlords to pitch to if I found a good enough property? The strategy I was given was to look up the address and then look at places near by to see whose renting, and then pitch my deal to those landlords to offer convenience when it comes to selling them the deal? Is this a good approach/strategy? 

Post: Hello: New Member to Bigger Pockets

Patrick LeePosted
  • Wholesaler
  • Philadelphia, PA.
  • Posts 7
  • Votes 1

Hello Everyone,

My name is Patrick Lee and I own and operate at PLB Investments LLC. I started my journey about 1 year and 8 months ago into the world of selling Real Estate. As an entrepreneur with a background in business goal orientated goals. I gained a passion, for placing my college degrees in Business Management and Project Managment into Real Estate, as a way to release my knowledge and expertise. Since then, I have establishe4d my brand and company as a company that assist in most, if not, always Real Estate. After taking a few months, from 6 months ago, I found Bigger Pockets on YouTube and after discovering the connections made on this website. I decided to join today.