All Forum Posts by: Philip Tun

Welcome Jon,

I live pretty close to you, make sure you listen to the podcasts on wholesaling and how to wholesale. Ill be more than happy to meet up and network together. 

Nice break down on negotiating. I would check every month or every other week to follow up. I met with a seller telling me she had multiple offers on her property and its about to be sold, but I check the title every week to see if it ever changed and it never did. Im going to follow up on her for the 3rd time and give her a different offer. I think being persistent and following up is the key in this business. I heard people end up getting sales after a few follow ups. 

Good luck!!!

@Ashton AstilleroI inquired about this loan before because I was interested for my current business (non real estate). They are private lenders but your'e approved based on your annual gross sales for your business. Your credit score does take a small factor in the process.  

@Stephanie D.

 Congrats on your first step to investing. I agree what @Clay Manship said "Are you more scared of what MIGHT happen if you don't invest in real estate, or what WILL happen if you don't?" 

I think every type of investing is a learn as you go. You will always learn from your mistake. When I purchased my first investment i lost a lot of money the first few months but have to come to realty that this is part of the game. Congrats again. Wish the best for you.

Hello,

Can you tell me how the market is in Henderson? Ive been thinking of investing out of state again and Henderson is one of the cities I am considering.

@Dan Bee I am very new to REI but Listen to Podcast 081 it tells you how to advertise to look for sellers. I can tell you that I started doing maybe close to 1 month and 3 sellers contact me and i viewed 3 properties. I was able to propose 1 seller an offer but she rejected because she wants market price. If your really looking for a deal you might want to network with people from REI clubs.

I never heard of that area but It can possibly be true, do you have the address? I can look it up for you. 

@Adrian Chu

 Some parts of Corona are sketchy and some parts are really nice. I know North Corona is a desirable area. You might want to look into Eastvale not too far from Corona but more desirable. Eastvale is about 5-7 years old.

@Ryley Marble

 Welcome to BP. I dont live too far from you. I know North Corona has been developed and it is a desirable area.

I appreciate for the insights and advice. After reviewing the post I'm starting to think my offer might be a little too high. I'm going to give her a lower offer and see what the outcomes are. If anything I will continue to follow up with her in a week