We need a Mentor

What state are you living in? I have the heart of a teacher and I love helping people and achieve their goals. You're not alone. Let me know where you are.

1. How many offers will you be making today and the rest of the week???
2. How many bandit signs will you be putting up this week?
3. How many ads on craigslist will you be posting this week?
4. How many Real Estate club meeting will you be attending this week?
5. How many cold calls will you be making this week?

Do you have deals in place and need someone to help close them or are you looking for someone to help you find the deals and close them???

Answer this question first. WHAT IS YOUR STATE?

We are in California, thirty miles north of Los Angeles

I live in los angeles,ca.

i would network with you guys
PM me

We are in California and truly need a mentor.

Rick & Peggy

What is it that you actually need. Help putting your deals together. How to go about dealing with sellers. Asking questions to create deals. I can tell your just starting.

Good luck from Connecticut
Adam

Tell us a little about yourselves.
Information will help us to help you

Thank you , we'd love to work with you on our journey into Real Estate Investing. We were able to find the funds to attend "Gain the E.D.G.E. 2010" next weekend. We're hoping that this will indeed provide light where needed. We'll gladly listen to any advice you may have. We're so excited to get this up and running.

Have a great Sunday!

Rick & Peggy

My husband and I have been trying hard to get started but it just seems as though we hit blocks. We could really use a mentor, but since my husband has been out of work for a while now we just cannot afford it. We would love to split the profit from our first deal, if we could get someone to mentor us. Anyone interested???

Johnna & Lloyd
Ripple Acquisitions, LLC

Where are you guys located...we have cash & are always looking for great deals. Send us a PM & maybe we can work together. Thanks, Gary & Jill

We couldn't do it on our own either, and luckily found enough money to Attend the "E.D.G.E. event in Scottsdale next weekend. We'll happily share what we find but are not experienced at all. Where are you located? It'll be helpful just to talk to other like minded Investors.

Wishing You Happiness and Prosperity,

Rick & Peggy
Eagles Crest Properties

hi my name is marcus jackson and i live in americus georgia, me and my wife melissa just joined the program we would be delighted if there was a great couple out there, with which would like to help us get established and internet with us. we purchased our first home with a bank on a foreclosure. we currently live in the house. our home was sold to us for 58000 and the asking was 63000 and the appraisal value was 103000 at the time of purchase, and we made improvements and now appraisal value is 109000. loan was locked at 5% interest and we are a young ambitious couple with the heart of christians and we felt that our heart was in place for this experience. does anyone think we made a good decision? can anyone tell us is there profitability in southwest georgia plz before we go any further

There are methods and tools here on this site to help you in your search. Read and watch as much as you possibly can. This is our approach and there seems to be a lot of people willing to offer advice. We were lucky enough to find the money so we'll be attending the "Gain The E.D.G.E. 2010 Event and hopefully will find the answers we are seeking ourselves.

Dean sells a program you can use called Prop Stream to find pre foreclosures and foreclosures in any town that the Courthouse is on-line. Its expensive and there's a monthly service fee for the service, but the information is really priceless.

Keep reading, keep reading, keep reading. It sounds like you are on to something the way you bought the first house. You're in it at 61% FMV, that's pretty darn good to me. I haven't found one discounted that far but I'm still looking.

Wishing You Happiness and Prosperity,

Rick & Peggy
Eagles Crest Properties

We worked our you know what's off for almost a year before things started to fall into place. We just kept learning about our market, real estate, making contacts all before and after our day jobs and even on lunch hours and those 10 minute brakes. We wondered if anything would ever come of all our hard work.

It has. IT HAS! I just had an offer for my third house accepted. After you add the cost of the house, the repairs, the holding costs, and all other expenses, we will have only paid 65% of the after repair market value. And here's the thing; you don't really see those houses on the MLS or if you do, they are disguised. they are asking too much) Part of making money in real estate is in knowing what to offer and at what price when to walk away. You have to know that going in, before you make that offer.

Another major part is making contacts, especially your buyers list. You may never need them but there will be those contacts that become very important to you.

It is easy to get overwhelmed. There is so much information out there. Find something that works for you and concentrate on that and maybe one other aspect.

Best to you,

Keep following the method you did when you found your first house and you'll be fine

I would also be willing to split a deal with anyone willing to mentor me as well, just to get started. I went w/ my realtor to look at a house last night. It's a Fannie Mae foreclosure listed at $49,900. My realtor recommended offering $35K for it, or even lower. It was listed at $69,900 in January, so they have already dropped the price $20K in 4 months. It's 2200 sq.foot 3 bed/1.5 bath. The last price it sold for was $76K, even needing repairs. The homes around it are in the $100-200K category. Not sure if this is the deal for me or not, so I guess I'm just looking for opinions. My understanding is that you can't assign an REO, so I guess I would have to buy it and flip it? I would have to come up with earnest money (1%), and a down payment for the mortgage. That would be REALLY tight right now for us to do that.

You could be bold and ask for a 50-50 split but since you're not coming with any cash on hand recommend a 75-25(you) split. That should be no problem enticing anyone who'd partner with you.

No Money Down and money in your pocket. Your partner will love you and latch onto you forever.

Could Sheila lock up her deal then bring in hard money lender?

Elix-That's what I'm looking at doing and also looking at transactional funding to get the first A-B done. I've found someone that might be willing to work with me, but not sure yet. I'm considering this first one a learning experience, so even a 75/25 split would be just fine with me. No sense in being greedy, you know I'd rather have a piece of the pie than none at all!

I would be interested in partnering with you, I can supply funding (deposit and/or full funding). Would like to know more about the property. Please PM me if interested.

I saw your response to another member. I am also looking for funding and assistance.

I have been working with another investor who recently had some personal issues that has taken him away from our business.

He was providing hard money lenders for short sale deals that I have found. I've presented him with over 30 properties so far with out any feedback.

It's frustrating!

Many of these props are great deals avg 30-50% below FMV.

I have a real estate agent who is ready to put in offers for us, but I need a reliable source.

Please let me know if you're interested. or anyone out there who could help.

Willing to split comm. 50/50. Also open to other REI strategies.

Thanks.

Have u tried to go online and find a hardmoney lender in you state or town

I will be here to help in anyway.
I also started a journal on here since so many have asked how I got started.
It is titled Short Sale Sisters.
Any questions you have let me know.
Have a great day!
Laura

For anyone looking for hard money lenders, if you are not attending REIC meetings you are missing a sure bet. Both the leaders of the clubs, and investors that attend their meetings, as well as some of the guest speakers, all have money to lend. You get to know them face to face.

Leon - where in SoCal are you located?

Actually, everyone, it would really be helpful, especially if you don't offer up your location in your posts, to have it in your profile. Many times questions are asked, or requests are made, the responses to which depend on your location. Thanks.

Hello,
Let me know what you have. We do short sales Nationwide and we have funding and we turn them for a profit.
Laura
wwwbmwinvestproperties.com

I am currently in Maryland, I have done the marketing piece, been out to the REI meetings and went to auctions this weekend. Agents,brokers, and investors have been sending me killer deals I just need to know how to be in position to respond, I also have built my buyers list, just trying to get comfortable making the deal. Can you all please help me. I am a single mom who was layed off for a year in a half just starting back working two weeks ago bu real estate is my passion, I was bird dogging for 2 to 3 years off and on so i know how to find the deals and also I don't have good credit so I'm looking to start off with a few assignment deals,fix and hold and rent two properties, build up my credit and graduate to bigger deals