All Forum Posts by: Sharon Vornholt

I have never heard of that. How could they possibly prevent you from working in your field of work?

Congrats @Morris Lucas; now rinse and repeat.

Stephen - I find that curious that your attorney told you that you couldn't reach out to a potential motivated seller.  How can that possibly be the case?  I would dig deeper.

Sharon

Mail Chimp, Aweber and those services are for autoresponders and broadcasts.  They really aren't designed to function as a database.

Sharon

Hi - It's Sharon Vornholt.

I just wanted to put this out there for anyone might be interested in knowing about a small group event my buddy Bill Walston and I are putting on November 7th and 8th in Nashville, TN.  It's called the 

We have an awesome 2 days planned for you.  So if you happen to be in the area or if just want to get away for a few days and "feed your brain", you can learn more about it here:

http://bit.ly/Dealmaker_Bootcamp

There is an "early bird" discount until the middle of next week.  

Come hang out with us in Nashville where you will have the opportunity to network with other investors from around the country.  I can promise that you leave there with new ideas, some serious motivation to help you finish out the year strong, and you'll have fun in the process.

If you have any questions just shoot me an email at [email protected]. 

Hope to see you there!

Sharon

I use Act currently, but I am looking into Podio.  I really need a cloud based solution. Zoho works too.

You can never stop learning, but at some point you have to take an educated plunge.  Your first deal is by far the hardest.  

Find a local mentor in your REIA group. Learn the area(s) you want to invest in. Find an agent to help you understand the after repaired values in your preferred area. Go where they are - at open houses.

If you see a house under rehab, pull over, go in and introduce yourself and observe what they are doing. Ask questions.  I love books so ready books, but you have to get out from behind the book.

Sharon

@Shaun Caldwell -  I wrote a whole chapter for one of the BP books on everything I would do differently. I think there were about a dozen things, and there were actually more than 12.  Most entail starting to do just about everything sooner - outsourcing, blogging, creating a brand etc.  All of those things help you build your business and give you credibility.  It's one of Brandon's books.  I can't remember the title. LOL

Like @Rachel H. said, I have been doing a whole series on Successful Women in Real Estate, and that is one of the questions I asked them. That series is on my blog - Louisville Gals Real Estate Blog. 

Sharon

@Steven J. -

You can be truthful without all the detailed explanation.

Sharon

I have been investing since 1998, and I can tell you that there isn't a seller on the planet that will be comfortable with you telling them you are a wholesaler.  It will get even worse when you explain what that is. 

What I did with the property depended on a number of things but the biggest thing what I was looking for at that particular time. Was I looking for a rental? A rehab? Did I have too many properties at that time and pass it on to another investor (wholesale it)? 

I always looked at the property with multiple exit strategies. 

Here is what I say to sellers -  "I don't know for sure what I will do with this property.  It may end up being a rental, it may be renovated and sold to a retail homeowner, or I may pass it on to another investor if I have too many properties at the time of closing.  I know it really doesn't make any difference to you; you just want me to buy the house". 

We all shake our head "yes" in agreement and move on. 

There is no need to explain to them or show them how you got your numbers. You just need to say, "Based on the amount of work this home needs to put it back in top notch condition for a homeowner, the holding costs involved and the Realtor's commissions if I ultimately list it on the MLS, this is my offer. Period.

Sharon