All Forum Posts by: Timothy Tooker

@Chris Vair

I think you have your WHY!!! Congratulations on the first step..... Welcome to BP, this is an amazing place to learn and get involved. Good luck and GOD bless.

@Christopher Hu

You should interview a bunch of agents and choose which one is best for you based on what your investment needs are. Ask them if they are an investor themselves and have them explain their investments along with the strategies they used to get them. That will help you to better understand which agent is right for you.

Also, ask yourself which type of investment property & strategy are you really trying to get into. Will help you find the right agent and reduce the amount of education time you need to be successful.

Good Luck.

@Solomon Oh

I would be interested in seeing the deals that you have. If the deals are good, the financing is easy.

I can assist in the following capacities:

1. I can buy your wholesale deals if the numbers make sense.

2. I can help you get the financing for your own projects.

3. I can renovate the houses for you with my construction company.

4. I am a real estate agent if you need one.

@Ansel Carroll

Welcome to BP.. This is an amazing place to gain knowledge and bounce ideas off other investors. Never lose your humor as it will help get through the tough times.... If you start looking down south of Seattle or Pierce County let me know.

Best of luck, hope you exceed your timeline on exiting the rat race.

If there are any investors up North that are looking to invest south of Seattle, in Pierce County, send me an email or call. Always up for a conversation about investing. 

@David Shoultz

Call or email me anytime

@David Shoultz

Maybe look at it from a different angle.

1. How much is the TV contract for? Is it enough money for you to renovate houses at $0 profit? Does it have enough potential for bigger things?

Maybe you structure deals as so:

Financing: Find a private lender that will get his Interest & Points (if need be) for the purchase and renovation when the house sells. With the understanding that you will not be making the monthly interest payments.

Renovation: You GC and complete the project at cost plus. That way your construction company shows profit on the books.

Agent: Your wife sells the properties at a discounted rate or for cost/free. The advertising from having a sign in the yard has value. Not to mention, anybody who renovates knows that you can pick up clients from the neighborhoods that you are working in.

At the end of the each project, if there is any profit, you split it with the Finance people. Everybody makes money or benefits from each project and you get to fulfill your TV contract.

Mia,

I work with a few investors. I can assist your client.

@Alex S.

Congrats on sifting through all the opinions and sticking to what fits your investment needs.

@Will Barnard

Amazing Advice!!!!!

I just helped some clients lock up a FSBO for their dream home. We talked the builder (new construction) into dropping the price of the house $12,000 to fit their budget. In order to do this, I agreed to dual agency for 3%. I am going to make a $12,000 commission and my clients are getting the house of their dreams. Plus, now I have at least one builder out there that knows my name and that I am willing to modify my numbers to make deals happen... This 3% and 6% are nice, but not guaranteed and definitely not automatically owed to agents.

@Ashley Abramson

Did you agree to #11 on the 35R? If so you could be liable down the road if the work your GC completes does not fix the issue (Especially if he is not certified as a Structural Engineer), even if they continue to close. @Bryan R. is giving you sound advice.

Also, I do not know far out your closing date is, but you could get stuck extending it out, if you are now waiting to go back and get a structural engineer to come out and certify the work.