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Everything posted by scott(pa)

  1. Gary I would try and get at least 3-5% down at least. These people need to have something invested in the home if they are going to be quality T/b. Good Luck Scott(pa)
  2. Hello Michael Its been a while. Last time we were in contact I was having some legal problems. Teaches us all one thing. Everyone needs to go out and find a good RE lawyer before they start working deals. IT will save you a lot of problems. Please dont get me wrong Michaels manual is great and will definately make you succesful if you follow is manual and advice but every state is different so just check with a lawyer for piece of mind if noting else. Right now I am looking at a duplex within walking distance to my home. The asking price is only 20k It does need some work to get tenants in there. There is a college within walking distance does anyone have experience renting to college students? Just curious. By the way Micheal while my RE was in limbo because of legal problems I started a new business. What I do is place a display of products in business and offer a 40-70% discount on all items for the employees. The items are only offered to the employees. Its doing great but not as exciting as RE. I had to get back into RE and my heart is pumping on this deal, I'm very excited about this duplex. Well Michael if you would be interested I also have catalogs and I would be more than happy to send you one if you would like one, let me know. Theres been 2 people that have been very supportive of me in RE one is Clair(mo) if anyone knows him and the other is Michael. If anyone does read this and is considering purchasing Michaels manual to get started in Re go for it its a great manual and if your still not sure just hang out and read the post you will learn alot. I would really suggest having a manual before you step out into the real world though. You need a guide. Good Luck All Scott(pa)
  3. Note: I am a registered member here. I was not logged on when I made that post, so I believe it shows me as unregistered. I am registered and I ask that if you wish to be a member of the investor team, out of respect for the site please register also.
  4. Michael I think they seem common since to people who have been doing it for a while but to someone who has just started, there are probably some new ideas in there. Someone might wonder "what is a bandit sign" "Why contact Lanlords their home is not even for sale" Hopefully this will get some people thinking. Just my opinion. Scott(pa)
  5. Just curious how the Level sysyem works on the board.
  6. Hello I wanted to place some ideas on here hopefully it will help some of you new investors out. Finding homes top 10 list. 10. Friends, relatives, work associates, word of mouth. Tell everyone you know and everyone you meet that you buy homes. This form of Free exposure will for certain get you some leads. 9. Place a newspaper ad. Place ads in Pennsaver, Bargain sheet etc. These are all very inexpensive ways of advertising. 8. Contact Landlords whom are evicting tenants. These landlors are probably in a perfect state of mind to get their home on a Lease/Purchase or very inexpensive. 7. Contact Landlords with properties for rent. These people are already open to the idea of renting their home. Therefore your half way there. They may have been trying to sale their home and had to do something to help with their payment so they had to rent the home. You will be a blessing. 6.Networking with local professtional such as: Realtors, attorneys, CPA. These people are always meeting people buying homes and saleing homes. 5. Network with service people: Newspaper carrier, Mailman, Meter readers, lawn service people, Plumbers, etc.... 4. Fliers: Very cheap! Put fliers up everywhere. Anywhere where there is alot of foot traffic. Anywhere large crowds gather. You get the point here. Plaster your town with flyers. 3. Door hangers: Make up about a thousand of these. Hang them in your farm area. Hire a niece, nephew and their friends. They work cheap. Hire the local newpaper boy. Get out a thousand of these and there will be a deal or two there. 2. Magnetic Car signs. Another form of cheap advertising. You can get a good set for about 80-100. Everywhere you go these signs go with you. Every car or truck you pass by sees it. They catch the eye. Your vehicle can be your rolling billboard. I am currently working on a system to develop these cheaply for investors that I meet. I would like to get them done for about $60.00. I'll let you know when Their ready. 1. Bandit Signs: This seems to be the top producer for all succesful investors. Place your bandit signs everywhere where there is alot of traffic. Place short message on them. To the point. I BUY HOMES, SALE YOUR HOME NOW! CASH FOR YOUR HOME. Your attracting people that are driving they dont have much time to read it. Make your phone number large so it is easily read. I hope this will help some of you out there to get your first home. Good Luck Scott(pa)
  7. Samantha If your serious buy the course. I assure you the info is in there. Unlike other courses I have wich cost thousands when you add the mentoring with it. This is a good course, You will not have to dig to find out how to do it. It is written out very clearly. It is no where near as hard as you may think. I believe the main problem is when your first starting out is that you feel intimidated. Intimidated by the high numbers in RE, intimidated that maybe you forgot something, somone you talk to might no more than you. Guess What! If you just take it step by step you will not have a problem. Do not try and get ahead of yourself. Follow the insructions and do it. When I first began I procrstated forever. I finally decided to do it. You wont belive it but the first call I made on a FSBO was my first deal. Dont expect those results. That was luck. Its a numbers game and my number just happen to come up on my first call. I admit I made a few mistakes it was a little rocky and nerve wrecking. At the end, it took two months to do entire deal. Thats get the home under contract and find a buyer. I walked away with a check for 5k. Not to bad. I probably had 10hrs work in it total. I really cant imagine I had that much in it. There are many different ways to make money with Lease Option and they are covered in the manual. Believe me if your serious and will do what it takes buy the course. If your going to use the course to collect dust dont buy it. Its that simple. You can do all the question asking you need to on sites like this. I personally wouldnt feel comfortable doing my first deal depending on answers from people who dont even know me and I dont know them. You need to have a course so that you can follow the outline drawn by someone that has done it. Good Luck Scott
  8. Samantha I have the course and yes Everything is in the course that you need to complete a deal. Including all contracts.
  9. I also wanted to note that if anyone feels they would like to email me personally to talk about the course that is fine too. BANKS1429@EARTHLINK.NET
  10. Did you order the course on this site yet? I have it and it is a great course. If you just started this course would be percect for you and it also has the contracts you need.
  11. If you are selling your home, I can assist you in selling it quickly. I am working with a group of private investors that loan cash to buyers that cant qualify for a traditional mortgage. If they have bad credit and small down payment thats ok. They qualify you get cash at closing. Done Deal! If someone is selling a home on L/O and having problems getting your T/B qualifed to cash out This is a great situation for you. Thanks Scott(pa)
  12. Christopher Do a search for hard money lenders on the web. I dont think you will have much luck finding one at 8-12% though unless you have great great credit. What type of deal are you looking to do?
  13. I look forward to that Michael. I have a 3 yr old daughter(Hailey) and a 8 month old Son(Ethan). Theres alot of teeth thats going to be lost in this home over the next few years! Hailey just had a princess party where Hailey and about 10 of her friends dressed up like princess and had a cake made to look like a castle, a pineta, games toys gifts food etc... Thank God for RE. Total cost about $500.00 Thats the type of things you can do with the extra money you make in this business, Well better get to work on next deal Ethan has a birthday coming soon!LOL!
  14. Hello I have just finished reading the Naked-Investor Manual. I have read about 5-6 courses and have completed deals. This Manual holds up to any course I have read. Amazingly it is not even a fraction of the price of other courses covering this topic. Naked-Investor is a course that is both very affordable and easy to understand. After you put this book down you will be ready to do your first deal. It includes everything you need from start to finish. This manual covers subjects that when I first started out I could not find answers to. Subjects the other courses didnt tell you. As I see it, this Manual is the only one you need to get started and be successful! Good Luck All and Thank You Michael for the time and energy you have put into this course. Scott Banks
  15. Samantha I received my copy of the Naked-Investor manual today. I am also happy to tell you I sat down a read the entire manual in one sitting. The manual is definately worth the asking price a few times over. Like I mentioned in a previous post I have read several manuals and most manuals give the same info. This book gave all the info the other manuals gave me and I was happy and surprised to find a few new refresing ideas, that I plan to implement starting today on a few calls I will make. This is definately a good book for the beginner or the veteran investor. For the beginner the book is written in a manner in which you will understand the concepts that are taught. You will not be left with alot of questions and if you are you can contact Michael immediately and clear up any concearns. If you are considering purcahsing a manual and serious about getting into this great business. Get the course read and study it ask your questions and you will do your first deal within a 2 month time. That is if you put in an effort! I would like to thank Michael for putting this course together for us in an affordable and usable manual. The real life examples he gives are terrific for your understainding the course. Good Luck Scott(pa)
  16. Hello I could probably find someone interested in doing a rehab on that propery in my circle of contacts that I have. Being that you say it needs 15-20k in repairs, once you actually get into it and upgrade it the way a rehab needs to be upgraded your probably looking in the lines of 30-35k. This is signt unseen so please dont be offended by that. That is the norm. At least with the individual that I know that do rehabs. They do total rehab or nothing. If There becomes a point that you could take 28-32k for the home then it would be possible to talk about it. Most rehabbers want to make a minimum of 20k from their projects. Good Luck Scott(pa)
  17. Marlene I was thinking about the home you have for sale in Florida. Have you had an apprasial done on it? If so, and you are serious about selling this home quickly please get back to me either thrugh the board or e-mail me directly. Let me know What the apprasial is and what the lowest price you are willing to accept on the home. If your price is good I'm sure we can work something out. It looks like a beautiful home in a great area. Scott Banks banks1429@earthlink.net
  18. Hey moneyman You might want to check out Mrlandlord.com They do credit checks very cheap.
  19. Samanta I have not had the chance to review the naked-investor course but plan to sometime within a week or so. I looked over what is in the manual topics etc.... and it appears to have everything you need to do your first deal and many more after. If you would have a question which I'm sure you will Michael is developing a great support group here on this site. I have read several manuals and books on the topic and most have the same information just presented in different ways. The is diffently the most affordable course I have run onto. If you have the money I would strongly suggest getting the material and learning it and then put it to use. If you are serious about investing you will not stop at one course you will end up buying more becasue you always need to continue to educate yourself. I feel this would be a great starting place for you. Good Luck
  20. Does anyone have anything in PA for sale? Must be in a nice area. I will of course buy on a Lease/Purchase, Cash and I am also looking for some rehabs(actually 1 at a time). I am looking for SFH's, tri-plexes and above. No mobiles and like I said they need to be in a good neighborhood. Lets keep this board active so if you have anything just reply on the board. Thanks Scott(pa)
  21. Does anyone know anything about lemon laws in PA?" I just bought a 2001 Ford Explorer with 20k miles on it and Its already had 5 problems that I had to take it to the garage for. I have the original sales slip and just 1 year ago it sold for close to 30k. How can a vehicle that cost that much be a piece of junk. Well if anyone know anything about lemon laws I would like to hear about them. I want my $3000.00 Geo storm back that I had in College. I had it for 5 years and it never broke down on me. I put over 70,000 miles on it! AHHHHHHHHHHH!
  22. Potential Investors Please feel free to either contact me on this board or you can email me. I would like to get this going within 2-3 weeks. If for some reason you cannot get Michaes course right now, you are also welcome to join us. I would like to see at least 10 people involved with this. If your determined to get you Investing career going this will do it. If you are not sure what I'm talking about read my above post. Thanks Scott(pa)
  23. Your wife has a valid concearn for someone just getting in the business. She is asking questions and showing interest it looks like. If your wife backs you up it will help you out alot. To ease your wifes mind do this: Run a test ad that says Rent to Own Home avaliable soon Call your number Your phone will certainly ring off the hook. Saying that the home availabe soon gets you off the hook of not having a home. Explain to them that you are currently looking at a home and plan to close on it soon. Take their info and take the next call. You might want to get voice mail. Good Luck Scott
  24. Anyone read anything by Ty Hicks? At this stage in your RE career I would not recommend him. He was actually the first investors whose book I read. Its a good book to get a newbie excited about RE. I dont think it was real practial in the real world though. Scott(pa)
  25. Ty I would also go with Rent to Own. People understand this. I would avoid terms that average people dont understand such as Lease/Purchase. Chances are alot of people really doesnt know what that means. Rent to Own says it all. Good Luck Scott(pa)
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