All Forum Posts by: Account Closed

I am hoping to get some advice on how to proceed in a situation that is very upsetting to me. I came across a property recently with significant fire damage and an opportunit to puchase it. Being new to this industry and my market, i thougt it would be best to put it under contract and wholesale it to an investor who rehabs this type of property.

I contacted a fellow investor that i had met s few times and told him about the property and my intentions. He said he was interested and would meet me at the property to see if worth moving forward. I did A Lot of initial due diligence & had all the relevant info about it. When i got to the property, he had already knocked on the neigbors door, gotten a ph. number for the owner and handed the neighbor an envelope. When i asked what was in it, he said a note to the owner with HIS ph. number to reach HIM! And no he would nit share the owners number with me. He then said thanks for the referral & I'll keep you in the loop. I told him it was definitely NOT a referral and he knew that not only by our previous conversation, but by the email i had sent him the nigt before which clearly statred my intentions to wholesale.

Before you ask, no we did not sign anything together, which was probably my second mistake... My first was trusting him in the first place.

My questions... 1-do i have any recourse against his actions? 2-what would you do?

Thanks for any advice.. And yes i am going to add this to my lessons learned notes! I'm just horrified by this man's behavior. I can't imagine how he sleeps at night?

Liz Spencer and Karen M. - hope to see you both at FIBI next month!

I went to FIBI Tuesday, they usually meet 1st Tues of every month (postponed 1 week this month due to holiday). Networking at the bar from 6-7, meeting starts at 7 & ends around 9 and then they network some more at the bar if you like. I've only been to 2 meetings, but I leave there full of info, pumped up & motivated!

Jake Kucheck Haven't been to that meeting yet, conflicts have prevented it, but I am going to try to go in the near future. I have been to another group meeting in Irvine a few months ago. Although I met some really nice people and the topic the evening I went interesting & chock full of information, it was really more of a sales pitch (complete with credit card machine in the back of the room). It just wasn't my cup of tea, so I haven't been back. That's why I like FIBI, it's a NO SALES PITCHES allowed meeting, strictly learning & networking.

I've come across another site that has a great deal of information about lease options (free)... www.WendyPatton.com. She also holds free webinars. Attended one last week, it was very informative. Of course at the end she was selling her coaching system, but I did learn a great deal and the website has a ton of info.

One of my greatest learning tools are RSS feeds. I subscribe to about 20 RE feeds and read them daily on my phone when I can (breaks, lunch, etc). I think feeds are the best thing ever invented!