All Forum Posts by: Sid Siddiqui

@Alanya Boyer You will need proof of funds if you are making offers off of MLS listings or online auctions. You will also need proof of funds if you are processing a short sale for a property. You don't need proof of funds if you are buying from a wholesaler online or directly from a homeowner for wholesaling.

Cheers!

Welcome @Kevin West :-)

Hi @Dana Chun Welcome to BP and Dallas :-)

My uncle recently moved here from Danville, CA. Sold his house for over a Million dollars and bought a mansion in Colleville for half the price.. don't you love it!!!

There's wealth of information on here.. again, welcome to the family

@Bill Gulley Good feedback, guess I will need to make some adjustments but almost all of my meetings are personal one on one basis now and they are usually good referrals from friends/private investors that have made good returns in the past. Appreciate your comment.

@Darrell Shepherd - Thank you, and I agree with you completely. I keep everything clear and concise with my lenders. I tell the story in a way that is all about them - No ambiguity what so ever. You have to build relationship based on trust and that is why my guys love me and keep coming back and bringing their friends.

If I may "quote" what Bill said:

"And, when the word gets out, you may need to get busy keeping all those interested coming back! :)"

Love it guys!!

Thank you so much and so much to learn!

@JP Bonner Welcome to BP!

@Travis Barron Welcome to BP

Cheers!

@Ben Howard Welcome to the site, there's wealth of information available within the forms. Do check out the resources area. Good Stuff! and most importantly network as much as you can.

@Marcia Maynard Well said, I have been thinking and the time is now. I'm taking on the challenge now :-)

Cheers!

@Hector Perez The way I have been doing is through presentations.

My very first time in 2010 I raised $50k was at the REIA meeting where I represented my company, our business model, mission statement, investment opportunities (deals) that I have and in the pipeline, estimated profits shown in numbers backed by pictures of the property and lastly explain why we need to borrow and ROI.

From there, one thing leads to another and the word got out. Now I don't even have to present at the REI meetings. I have investors call me and I just schedule a one on one with them and explain the terms and ROI.

My Investment Opportunity slides looks something like this:

- Investing Range - 25K to $250K

- Times frame:

Short term (6 to 12 Months)

Long term (1 to 5 years)

- Annualized Rate of Return - 10%

Hence I would suggest instead making the flyers, which can be a little risky when ask for money and may not be effective way. Ask for 10 - 15 minute slots at the local REIAs and build your brand and reputation first.

Just my 2 cents :-)

Cheers!

This is a $1.1 Million Dollar House in Dallas.