All Forum Posts by: Anthony Henderson

Hey Joe,

Glad you asked I am a REI in Los Angeles and through my various marketing efforts I have meet and established relationships with motivated sellers who own property out of state. Some have acquired these properties through inheritance while a a couple folk have owned them for years and are looking to get rid of a burden. As stated before I'm in Los Angeles and don't buy what I cant see or touch and figured I'd market these properties to an end user as opposed to disregard the lead. I have also listed these properties on Craigslist as well as Zillow in hopes of attracting a buyer. Are you working in one of those markets? If so are you interested in any of opportunities? Thanks.

I also have a property for sale at 

1. 3605 Beacon St, Kansas City Mo

There are 3 parts to every job,

1. Time

2. Cost

3. Quality of Work 

You only get 2 out of the three. What do I mean, you ask?

a. You can get the job done efficiently in a short amount of TIME and in good QUALITY but its gonna COST you. This is usually a professional job. With a licensed contractor, and warranty on the work. Most often by a company that specializes in that area of work.

b. You can get the job done efficiently or a good COST and in good QUALITY but its gonna more time than you are likely willing to wait. This is usually a professional job. With by a contractor or handyman working small jobs. May or may not be licensed but has several years experience.

or 

c. You can get the job done in a short amount of TIME and for a good COST but the QUALITY of work will suffer. This is usually a job done with several short cuts, by a guy who says he knows what he's doing. 

In my experience A and B are acceptable however "C" is never an option. 

Hope this helps.

One sure fire way to motivated a distressed homeowner is to buy their furniture. It works! At the end of the day all business gets done. 

Hi BP I am a recent posted long time listener and active investor in the SoCal area. I am meeting with a motivated seller for a 7 unit apartment building and am looking for a limited partner to finance a 2nd trust deed aprox $250k @ 6% ROI and a 50/50 partnership on the equity split. Preferably someone with experience and resources.

The value is the crux of any real estate deal. The properties sale for what the market bears. It doesn't matter if the property is for sale by homeowner direct, via agent/broker or wholesaler. No one person is responsible for inflating the market. I do agree that untrained real estate consultants may not be the best deal makers but its the job of the seasoned pro to enlighten them on the ins and outs of deal making and like everyone else they will learn and improve in skill over time. BP is a great form to facilitate that. In the mean time teach the novice wholesalers how to structure deals that work. Without BP form there would be a lot more folk who didn't know what they were doing. #KEEPWHOLESALEFORM

Hi BP I am a real estate investor in the Southern California area I have several leads of motivated sellers who live here in CA but have property out of town. 

2405 St Landry St, Opelousas, LA 70570

619 Booker St Hamburg, AR 71646

1517 Stewart St, Youngstown Ohio

150 Avondale St, Youngstown Ohio

Hi BP I have a hot lead from a motivated seller for his 7 unit apartment building. I have done several small rehabs, some wholesale and a would very much like to apply no money down investing skills to secure this deal. Does anyone have any suggestions about how to structure this deal w/ no money down. Heres the numbers 

Front house - 4 bedrooms -  2 baths $1600p/m

Rear house 3 bedrooms 1 bath $1300

(4) - 2 bedrooms -1 bath $1200 x4

(1) 1 bedroom - 1 bath $1000

Total rents $8000 p/m the guy owes less than $500k he bought the property in 2006. His original asking price was $850k now he's ready to negotiate. I have a lender to finance up to 80% of the PP and likely need seller financing for the other 20% and closing cost. I would like to create a win-win-win for the seller, tenants and myself where I get ownership and control of the asset. I do have some experience with tenants and property preservation and maintenance.  Looking for partners and advice. BP please help thanks. Let me know if there are any further details that would help.

The deal is the deal. If there is no deal there is no reason to get a loan. Also the lender will need basic info regarding the house and your plans with the property. You may want to look into no /low money deals. Finally look to get the property for the right price and financing will not be an issue. Try asset based lending.

People generally don't care what you know until they know that you care. After introductions ask why they are selling and listen. Take the time to build report. Let them know you care and are here to help. Finally seek to make to appointment.