All Forum Posts by: Stephan Roberts

So, if someone has been successfully using bandit signs for several years, should they stop? If they have helped a few dozen people get rid of a property and they specifically said they were so happy they called the number on the sign because they didn't know where to turn, should they be called back and told "sorry you got helped by that sign"?

Just curious? 🤔

I have used bandit signs for years. There are definitely proper ways to use them. And, I DO use them myself, and have gotten some great leads through them. I've seen some of your youtube videos and have liked the information in general. If bandit signs are not your thing, then don't use them.

There are several investors I've done business with here in GA who still use them to this day.

I'm a wholesaler and a cash buyer! I'll JV on wholesale deals with you anywhere in the country, and I'll buy GOOD leads in the Atlanta Metro market. Lets connect and do some business together!

If you are a Buy and Hold investor who is interested in a 2/1 fixer upper in the 77701 zipcode that has a great ROI as a rental, please reach out to me asap.

Asking: $53K

Pics: https://www.dropbox.com/scl/fo/59ejpfyv1ccc50wz00wn5/h?rlkey...

Stephan Roberts

[email protected]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $90,000
Sale price: $100,000

This was one example of dozens of No Money Down wholesale deals I've done.

What made you interested in investing in this type of deal?

It fit my numbers.

How did you find this deal and how did you negotiate it?

It was a probate lead, and talked directly to the seller after pulling my comps to come up with an offer price.

How did you finance this deal?

I didn't. It was a No Money Down Wholesale deal.

How did you add value to the deal?

I was the one who located the deal, negotiated the terms with the seller, and got it under contract. So, my end buyer was pleased with the terms and I assigned the contract to them for a fee.

What was the outcome?

I made a $10K profit.

Lessons learned? Challenges?

Two lessons learned on this deal:
1) A 'NO' today, does not mean a 'NO' tomorrow. The seller originally turned down my offer, but called me back two months later and was ready to deal.
2) Trust your numbers. The reason I wasn't willing to go any higher with my offer was because I knew my numbers were accurate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Just other investors (and of course the closing attorney).

@Marissa Turrubiates I think most of the comments on here have basically answered your question. But, just to give you a reference point, this is what I payout:

- Per transaction I pay 10% of the Wholesale Fee or $1,000 (whichever is greater).

- Per transaction I pay 15% of the Wholesale Fee or $1,500 (whichever is greater) if my Acquisition Specialist (AS) has to do any "Ground Work" (I define "Ground Work" as having to go to the property to take pictures and put a lockbox on it).

Here's what my expectations are:

- I provide the leads, and my AS makes the calls (I provide a phone script and a list of questions that need to be answered).

- Once my AS has someone who wants an offer, they update the file to alert me, then I follow up with the lead to make the offer.

- If the lead agrees to my offer, then I go to the property to take pictures and put a lockbox on the property (or my AS does this if they are also willing to do Ground Work duties) {if my AS is handling leads for me that are in another state, then they have to be willing to do Ground Work if they come on board with me. I am in the Atlanta area}.

- I send out the contract to be signed by the Seller (The Acquisition Manager (AM) could also do this), then I present the deal to my Buyer's.

- Once I've got the deal under contract with a Buyer, I follow up with the Closing Attorney/Title Company to make sure they have everything they need to close the transaction (also potentially done by the AM).

- Once I've received payment from the transaction, I send payment out to my AS.

So, basically, all my AS is doing is making phone calls.

I also have different payout arrangements if my AS: 1) Brings a lead to the table, 2) Wants to learn more of the process and is willing/able to handle more responsibility, and 3) Is performing well and would like to move up to an Acquisition Manager (AM) and oversee some of the Acquisition Specialists (AS).

I hope this was helpful,

Stephan

@Demitrius Moment I agree with the other two comments before mine. You'll want to invest some time into learning your craft.

Is it possible to find a Seller, find a Buyer, and profit on a Wholesale transaction within 60 days of starting your real estate investing journey... Absolutely. However, USUALLY it takes longer than that because of not knowing what you don't know.

If you want to hear my two cents and discuss it further, you can feel free to send me a direct message. I'm in the Atlanta area. Either way, I wish you the best in your real estate investing adventures!

Hi Marisa,

I'm a Renatus student in Atlanta. I agree wholeheartedly with Scott's post. Whatever you choose to do, you want to do your due diligence, but my experience with Renatus has been a very positive one.

One of the posts on here said "why would you pay for information you can get for free?". Well, I've got two comments about that, 1) You usually get what you pay for, and 2) Why would someone buy a McDonald's franchise if they already know how to make a great hamburger? You buy a McDonald's franchise for the SYSTEM.

I recommend you do ONE thing... MEET some of the students who are CURRENTLY doing some LOCAL deals, and ask to see PROOF of those deals. If you were in Atlanta, we would be able to do that for you EASILY. As a matter of fact, we have a property caravan happening at the end of this month where we are going to take interested students around to show them some of the local deals that are being done (some Wholesale deals, some Fix & Flips, and some Lease Options).

Renatus is not an MLM, and Renatus does not follow the business model of many of those other "guru's" (i.e. 1) free afternoon workshop to sell you on the 2) paid 3 day workshop to sell you on the 3) expensive Mentorship program to just 4) give you an 800# and leave town). Just last month, I was with some of the investors I've met through Renatus and we attended one of the local foreclosure auctions where I got to witness them bid on and purchase some properties.

So, I wish you the best in your real estate investing endeavors. Just as Scott said, I don't get a penny from you joining Renatus. So, I've got no vested interest in whether you become a student or not. It may be for you or it may not. There are plenty of companies out there that are great companies, but they are not for me (that doesn't mean that they are not still great). I just like it when people are able to make an INFORMED decision based on CORRECT information.

Hope this helped,

Stephan