All Forum Posts by: Shawn Greeves

I have bought100's of houses.

You need to get used to talking to sellers and making LOW BALL offers.

Call the seller and go look at the house. Ask them whats going on with the house. Like why are they selling it How long have they owned the house. You know just general questions. What are they asking for the house. I tell them if I can close in 2 days what's the lowest you can take for the house.

Tell them you're are gonna figure out the numbers and you will get back with them

Here's my secret.

After I leave

I down load an app called Slydial. There you can call them and it goes straight to their voice mail. 

Slydial them 2 days later and make them a stupid low offer. They may call you back and say OK or they will counter or you'll never hear from them again.

Either way is non-confrontational.

You just need to get used to making offers and talking to sellers.

I teach my students to do this when they first start out.

Shawn Greeves

Tom,

If you don't have $50k - $100K saved up you need to be in the cash accumulation mode.

NOT BUY AND HOLD. What are you going to do if you have a major expense? You are going to spend all your money. If you do have that kind of cash DON'T buy property! Be a Private Lender and make mailbox money and you don't have to deal with tenants and toilets.

OR

Buy and sell houses and Sell on Lease Options with a large down payment.

I teach my students to buy and sell in 30 days and make $10,000.00 - $20,000.00 a house.

Sell at a discount. You can get RICH on Singles and Doubles!!

Shawn Greeves

I recently had 83. Managed them all myself. (A LOT OF WORK!)

DJ

If you're just starting out you should do single family houses unless you have a boat load of money to make tons of repairs on multi family's Really think about it if you do buy a multi family you're either gonna get it at a discounted price which means its in need of repairs or you will pay top dollar and barley make any money.

I teach my students to do smaller houses that need lite fix up and sell off to CASH buyers in 30 days or less. We make $10,000.00 a house and move on to the next one. THERE ARE SOME MANY DEALS OUT THERE! THERE"S NO COMPETITION!!

Shawn Greeves

Hi Bob.

Don't tell the Dream Busters out there what you are doing. Because when they see you're doing good and getting RICH then they have to look at themselves and realize that they should be doing better and Bob took action and took control of his Universe instead of the Universe controlling him.

Besides they don't want you to succeed. They want you to fail so they can tell you I told you so.

So don't listen to those people. It your world NOT THEIRS!!

Here's an assignment. Go to you tube and look up "Choosing your future" by Les Brown. It's free!

There are 6 recordings go listen to them over and over again.

Hi William,

I'm a HML in St. Louis only. If you want to find a private lender or a HML in your area just go to every title company in your town and ask the who are the Private Lenders and Hard Money Lenders that they do business with. You will find all the money you need. Ask the lender what their terms are.

I specialize in the $50,000.00 and under loans. I lend strictly on the value of the house. No Application or Credit Checks. I LOVE doing equity loans! They are a lot safer than purchase loans.

I will only lend to an LLC also. The reason is when a borrower doesn't pay and they own the house in their personal name they file for bankruptcy claiming that fixer upper as their personal residence. (very dishonest) But it happens. So 9 times out of 10 they wont file for bankruptcy trying to claim that fixer upper as their personal residency.

Keep in mind with a HML the money is expensive so you don't want to use that money for long term hold financing. Be sure you can refi out at a lower rate and a longer term loan.

Close at the end of the month. That way you will be making money the next day (if the rent is due on the first)

Same to you

Absolutely use a Wholesaler.

They spend their money to find deals so you don't have to.

Plus they are very motivated to sell. More than a home owner. Make low ball offers and be willing to walk away. Many times they want to get the house under contract before they have to buy it.

They are on a time clock to get a buyer before they have to buy. The closer they get to the closing day the faster the sale price comes down.

Me and my students buy tons of houses from wholesalers and we don't spend a penny on marketing.

Try to find Private Money.

I cant imagine any regular mortgage programs will do your deal.They want good collateral with a supportable appraisal.

Call local title companies and ask if they have closed any deals with private lenders (not Hard Money Lenders). Ask the title companies if they could hook you up with these people.