All Forum Posts by: Mark Freeman

I agree with @Account Closed and @Bill S.  When problems arise I look at them as opportunities to get a better deal.  I got $50,000 off of a $150k purchase recently when things were misrepresented.  I could have cut bait, but I don't want to cancel a deal.  I try and adjust the terms so it still works for me.

   On a final walk through a couple of weeks ago, on a different property, I got $1500 off for some stucco damage that was hidden behind a door leaning against the wall.  I didn't call the seller a liar, just said this has been hidden behind the door and I need a reduction.  I was past my inspection period but we both wanted the sale to go through the following day.

All you need is a little competition my friend.  "I'm going to list my house for a 5% even split commission so I can walk away without having to bring money to the table.  I bought the house through you, agent, so I'm giving you the first crack at the listing on MY TERMS."  DONE!  (If there are any issues, "I have 3 referrals of incredible agents and I know at least one of them will take my listing on my terms").

After listening  to the podcast with Grant Cardone (108), I decided I can't listen to Dave Ramsey anymore.  (I don't have consumer debt, but found his show entertaining).  It seems like Dave is pushing the conserve - pressure to be small- lack - scarcity - fear principles that go with always turning the lights off in the podcast.  Grant is pushing us to CREATE which is where my focus is.  I'll let someone else get caught up in the beans and rice small talk but I am creating something huge and don't want my focus to be on the small stuff.

Well Said.  Joel is one of my favorite people on this site!  

You have too much interest to mess with a VA loan!! Hold out like Jerry says and see if you can get CASH. If not take as high of a solid offer as you can get and follow Chris's advise and have your agent provide some solid comps. (Keep the VA and FHA options in your back pocket for another flip you do, with less buyer interest, that you can't sell conventional or for cash).

Lie and say you have a great property. Describe the area and a few things about the property so that its believable. When the calls roll in explain that you just found a buyer for the property they are calling about, but that you can add them to your list because you have new properties coming in your pipeline (even though you haven't ever had one). Then hope these experienced cash buyers are stupid enough to believe the scam and give you their information. If you do get their information it doesn't matter because you still can't find deals and won't have a need to call them anyway.

Find REAL deals that have investors dying to get them and you'll have your list in no time!

I wish I could get my college money back including lost income over the years I was in school and put it into real estate!

Stockton and Malone, formerly of the Utah Jazz, bought/own various auto dealerships.  Maybe a Volkswagen dealership is in is investing future?

I've done several flips without overhead lights in the bedrooms.  They did have a light switch which was wired to an outlet.  I bought cheap floor lamps (about $20) and plugged them into the appropriate outlet so that the light would go on and off with the switch.  This way if the place was getting shown after dark it wasn't a problem in the areas without overhead lights.  I never had a complaint and I saved a lot of time and money over putting in overhead lights!

Manufactured homes go down in value, like a car, and can be hard to finance if they have any age to them or are not properly set on a permanent location.  Stick framed homes go up in value, in most cases!