All Forum Posts by: Jim Keller

@Todd norms the advise you give about Craigslist is very good advise and frankly part of what every investor should do as part of the do dillagents.  

Because to write off cragslist as nothing but scammed will limit you from great deals like this........ I found a 3/2 1456 Sq ft home built in 1957 with a pool that was in very poor shape the seller wanted $149,000 because of some other buyers I paid $154,000.  We expect $40,000 in rehab and last week the home 3 doors down sold for $286,000.

The moral of the story is you just never know.... do your homework and deal can and do just fall out of Craigslist.  

I mean what a country we live in.....something I didn't mention after doing many flips in the last year I showed my 23 year old daughter how to find this type of properties and She found this Craigslist deal that I'm going to make up words of $60,000 on.  Never give up people the deals/money is laying in the streets it's up to us to pick them up.

@kevinshorter Private money is you answer..... some retired Dentist  was telling his wife last night the rate of return on there cash holdings are just to low.  You would be a big help to them, your job is to find them or a private money lender that are almost everywhere these days.  

        Good luck Jim Kelller

If you don't think you can trust him/them walk away.  

Jim

Hasan family

I recommend you work on finding good deals to close on or wholesale.  The first few I did were in my own name, I really didn't have any assets to protect myself from loosing.  Since those days I have consulted an accountant in my state "California" and got advise on what worked best for my family.  

Just find deals.... you can never go wrong collecting contracts.  I have 12 open deals waiting to be bank approved "short sales" or escrow waiting to be closed right now.  Focus on the deals.

For under $2,000 you will get a your llc, s-corp, or family trust questions answered by your tax advisor let them worry about it.  The secret is the deals will easily pay for his/hers opinion.  BEST OF LUCK

Jim

Don't give up, some of my first deals were done with partners.  I think with a good plan to always be looking for great investment quality real estate you can always find smart money to help you fund the deal.  Half a good deal is way better than 100% of a mediocre investment or having not been approved by a bank and gotten 0% of a big deal....

You will run into many deals you won't be able to close just get better at seeing the big picture.  All or nothing is not a good strategy, if you get no support at 100% ownership it's no loss to give 50% away.  Then find another with the same investor and trade equity positions...... then you get what you want.

good luck

jim

Don't even try and do it, if it's for the money.... I love this business and the money just is a by product.  Do yourself a huge favor find a good mentor, watch them produce find a sweet spot that they operate in.  If you see yourself being able to do the same type of investing this may be your place in the market.  

My biggest recommendation is to duplicate others success, the type of success that makes you feel good...... this business has many great things about it but many that will suck your bones dry.  Love what you do and how you do it and dry bone will be something thats easy to handle

Good luck 

jim

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

@Chuck Holland

Great looking through the forums and posts, I'm always looking to meet and workout opportunities for a win win benefit.

In my day job I manage a large distressed property real estate company. From today forward I will be working on my own portfolio by purchasing SFR's and multi family income property's. I presently have 4 sfr properties under contract and will help anyone when dealing with the bank in a short sale. I have successfully completed over 100 bank approved short sales and if I don't have the answer I know where to get it.

I need help with my llc or establishing my buying entity's right now the deals I have are in just my name..... any help would be appreciated.

Jim