All Forum Posts by: Tim Bishop

@Bill Gulley 

If it wasn't a genuine question I don't think he would have taken the time to actually talk to Michael enough to know that he was nice and had a sense of humor.  Maybe he made it up though... It could happen.

Its an interesting theory.  I'll keep my guru radar on high alert!

Your slab could move again... But so could a new slab.  I wouldn't hesitate personally.  Buy a bucket of redgard and non alkali mesh fiberglass tape at home depot and go over all your cracks first... Cheap insurance

Window damage wouldn't be surprising.  When they jack the slab they don't always put it back to the way it started.... Because there is no way to know exactly how it started.  They make it as level as possible and make sure the engineer thinks its gonna stay that way.  So if they jack a corner a bit higher than it started it can jam windows and doors. 

The seller keeps the earnest money and there is potential for legal action.

There are some weasel clauses that might make you feel a little better about not being able to find a buyer but they significantly weaken your offer.

Good deals sell themselves so getting one is your first priority.

@Verlin McClendon 

Welcome to the site!

Let me know if you run into any killer land deals out there!  I love East TX!!!

Around here.... #1

#2 or 3 get the job done in lieu of proper scheduling. 

There's no sweat equity to bail you out on a bad stock or bond.  Buy a thin real estate deal and you might just avoid bankruptcy with a little bit of personal sacrifice.

 Go to the BP fileplace Download all the wholesaling contracts and take them to a reputable real estate attorney to review.  The attorney should be able to go over them and advise you on some of the language on the contract as well as making sure you use it correctly and that it follows the norm in your state.  Put that attorneys contact info in your phone and call him if your deal or potential deal gets hairy.

A marketing campaign is anything that will get your phone ringing (direct mail for our purposes).  Once you have the sellers calling you you have a chance of making a deal and earning money.  Jerry Puckett or Michael Quarles can help you with this.  I haven't used Michael Quarles but his reputation is second to none.  I mentioned him because his name was fresh on my mind after I just went back and listened to his bp podcasts.  I have talked to Jerry Puckett about my marketing and am considering having him take over in 2015.  I'm currently doing my own direct mail and it's too much effort for the money saved.

I just reread your question and you mentioned you know a guy that wholesales who you hope would let you work with him for 500-1000.  Don't bother with that offer.  If he's honest he won't accept it, why would he take your money if you can provide value to him while you learn and if you can't provide value then you shouldn't waste his timeshadowing him.

What you can do is market for your own deals and then if you get in the middle of a good deal and can't make it close for whatever reason, pass it onto him and let him take most of the profit if he can walk you through it.  He'd probably go for it, and if not you're still learning.

If you've got a 500-1000 dollar a month budget I'd suggest giving Michael Quarles a call at yellowletters.com and set up a marketing campaign.  That's a ton of money to pay a guy to tell you what you is probably really basic to intermediate info (I don't know anything about Tim Taylor).  You could set up a 500 per month campaign and save your other 500 per month to consult with attorneys and pay for gas to drive around neighborhoods calling on fsbo's and for rent signs.  It's all about how much work you want to put in.  No Coach or marketing campaign will guarantee success.  Your first deal could very well cover many months of that strategy.

I have no affiliation with yellowletters

Sounds like I should post an ad.  Congrats!