All Forum Posts by: Sam Sagor

If you know what you want register it. You'll be doing it anyway. This way you don't lose the name while building it.

It's available online ... don't know for your state but it should be pretty easy.

Now the secret is out! That's quite a story. I see that's why people use a pawn brokerand pay 80-90% (instead of going direct). That's in another thread that popped up after this. Don't let it discourage you from saving - dealmaking is an art. You put something into it - knowledge ... not easy to obtain. Corner cutting is something different. Avoid corner cutting to not spend a dollar on saving a dime.

I like it. One tip before you do rehearse what you want to get across until you feel prepared to answer any questions about it. Avoid needing to refer to business plan. Before anything else just listen. This is basic interview stuff but its pays off.

Maybe edit : "but performs smaller tasks as well." <-- slightly reword that everything from complete rehabs to ....

I don't think you need to for that. It's when you start taking on liability for other people and charging a fee. You can do a lookup based on state.

I second this question with asking : Can I do that for family where I do receive fee? Now following that train of thought: in managing a commercial apartment? I assume that's license territory.

How do you find the PR online ... how do I check if that's available in my state?

People don't have to like you ... and that's OK. Why does it matter? Don't sweat it and don't make it overcomplicated. Take that one off your list by maybe cross running the number tough the internet phonebook of your choice or see if any of your records contain it. Match them indicate it on blacklist.

logo B there's reason people don't remember it. They accept it. Add the website in underneath the logo on a business card etc because even if it looks like people should get it - someone won't.

This thread has been rather an interesting debate. I admit it is a grey area and sometimes it is probably outright illegal. I would like to do wholesaling for experience purposes but I suppose I'd never try to sell a deal I didn't want to buy. For other investors point of view why sell junk? It means your out of business really fast. Deal worthiness is going to vary with the wholesaler as it does with all walks of real estate professions. Diamonds are in the rough. Due to it being entry level wholesaling is just going to be a lot more rough.

Wholesalers jumping in at this point are inexperienced. I think the difference is if they stay that way. Wannabe wholesaler is a sad place to be it's possibly the gutter of real estate investing but that changes when they make their first deal. The first deal on their own quite possibly using knowledge that extents beyond the course, book, hype or legitimate source they picked it up from. If they learn then they have a hope of working their way up from that gutter. That's the beauty of real estate investing you can build and wake the next day a little smarter and a little stronger. I see it as a giant stepladder - wholesaling may just be the bottom rung. Everyone starts somewhere and if they know it for what it is it's up to them. the only way they are going to make it is to hold themselves to standards that make investors want to buy from them. In other words they are going to need Talent and people who believe in them.

""This is really hard. You'll invest a lot of time and money to get your first deal. Here's how I did it.""
I am thinking about starting a website that actually addresses that. I will tell them the truth because I don't need to sell them anything. I will start by actually doing a wholesale deal. Wish me luck

I would like to say power to you if you can pull this off. You should be aware that tenant-wise college students make for a yin-yang situation : they are plentiful which is great easy to install some, etc ... But they can live in horrible conditions because they don't know how to take care of themselves. This is not easy street and if you're aware of that you'll be better prepared.

2nd concern is what about other property mangers? Are there some that consider this building their territory? They are condos I would think there would be. I don't know how that works but they won't like a new guy muscling in on them... are you dealing with out of state owners that don't have property management? Seems like a better idea if so. Just my 2 cents.

15 year loans are great but you might want to start with 30 years. You can then pay them off faster effectively it might take 15 years but you would still want the 30 year loan for leeway. Additionally interest rates are low and it's a good idea to lock them in if you can.

Depends on your business model but for buy and hold ... would go with 30 years because I could get more properties leveraged.