Ooooh…maybe I was too hard…maybe he WAS talking about his Caddy!
NOT!
(if you haven’t seen “Borat”, this is not as funny as it could be!)
Keith
I’m not going to give you any quotes, but I am going to explain why you are incredible ignorant.
You are one of the reasons why every month a new television story is being run about the “evil” real estate investors; swooping in and stealing equity from home owners whose only real estate knowledge consist of trying to pay mortgage payments on time.
Personally I have met, and had the displeasure to see shady businessmen just like yourself try to work their “magic”. If you believe lying to someone about what type of business you run and the amount of assets you carry at any time will the be then end of the discussion your arrogance will be the end of your venture. It is ridiculously easy to find out how successful you are or your business is at any given time. Maybe the home owners you speak of are motivated sellers, they just don’t want to deal with someone that they can so easily see through.
It’s really a shame that you feel like you need to project a life and success that you wish you had to other people. You should be content where you are and keep trying to climb that ladder to eventual get where you want. Good Luck
B-I-N-G-O!
Somebody give the new guy a beer!!! He gets it!
Keith
Maybe the original poster should get with the NR gang.
No didn’t you read his post? He’s a “maverick”…NR wants blind sheep.
…no wait, it was a FLAMING ADVERTISEMENT to invest in him…so, naturally was deleted…
Keith
I believe he is a Kool-Aid drinker in disguise.
Could be…he doesn’t like me so he’s probably not talking to me…
Keith
oooh - The silent treatment- how’d you get to lucky?
Apparently he doesn’t like rules very well…and, unfortunately, someone gets to play “bad cop”…it’s my turn this month…in this case, I’m not feelin’ real bad about it…
It falls in with pi$$ing off the left-wing – somebody’s gotta do it!
Keith
Y’all don’t get it. Which is worse, giving someone who has no equity some comfort in giving you a deal because “you do so many” or, lying to them about the true value of their property (or not saying anything about their ignorance of their own property’value?) Hmmm.
EH
Both are lies = Both are unexceptable. However it’s not an investors job to go around telling everyone how much their property is worth like a magical apprasier fairy during negotiations.
Why would the owner of a property care how many deals you’ve done? Would they be apprehensive to sell their property to a retail homebuyer planning on living in the house? Does it give them great pleasure to know that you will be making many thousands of dollars off them, to add to your collection of millions?
In my experience, owners HATE to know that you will be making money off of them. There is nothing worse than selling a property only to see it back on the market in a few months for a $100k more. It makes you feel that you lost out on a big profit or got taken advantage of.
Please go back to drinking your cynaide-laced Kool Aid, infact, make it a double- it’s on me!
WOW… what a conversation.
EquityHunter. From what I have read you probably feel like the enitre board is against you. You are probably thinking, “why should I even post here anymore. These people don’t get me. They don’t understand what odds I am up against with these Pre-Forclosure idiots who are in denial. All I do is ask a simple question and the entire ether world comes crashing down on my head…”
I don’t have a degree in psychology (but i did take a few courses in college) to empathize with you. People in desperate situation are looking for someone who can empathize with them and is competent to help their situation… or at least be honest with them, with compassion.
Start there with your “contacts” and deals will come your way. I have had a half dozen deals come my way… because the seller told me they felt they could trust me. Why, becuase they can. This does not mean that you cannot brand yourself or display confidence… but do it with integrity. Why lie that you have done 5 deals this month… simply communicate that you are highly competent to remidy the situation in a way that is mutually beneficial.
I am working on a Short Sale now where the seller is in pre-foreclosure. She first called me asking me to buy her home… for what it is worth. I told her that I could not give her that… But I stayed in contact with her and wished her the best. She moved out two months ago, handed me the keys and told me that if I could work it out with the bank it was all mine.
Integrity pays dividends that will level the playing field at some point.
This is the most heated thread that I have come across- VERY interesting.
Lying should never be an option. If you get busted lying on a job interview, guess what, you’re TOAST!!! If I was a homeowner and found out an investor was lying, I’d be instantly turned off, no matter how desperate I am. If he lied, I’m thinking, the next thing he’s going to do is put some shady clauses in the contract and try to rob me.
It’s much better to show how competent you are, how you plan to help and go out of your way to prepare a good presentation for them. No need to shovel people bull, because once they are on to you, you will not be trusted or even liked…and that goes for all phases of life.
For what its worth:
“When a person’s integrity is at stake, doing the right thing is always the best thing.” - Zig Ziglar
“To laugh often and much, to win the respect of intelligent people and the affection of children…to leave the world a better place…to know even one life has breathed easier because you have lived. This is to have succeeded.” - Ralph Waldo Emerson
EquityHunter,
What do you do when the seller asks for references from other sellers? I’ve found from buying sub2 that if you don’t have the respect of the seller and if they don’t know 100% without a shadow of a doubt that you are the most qualified person to be sitting across from them signing a contract that the seller won’t do it.
If you’re just starting out (aka ‘newbie’), join your local Chamber of Commerce, Kiwanis, Rotary, or other clubs in your area. If you’ve been in ‘real estate’ for over a year but are just getting into investing, you can still join the BBB as well!
Take a credibility kit with you detailing the benefits a seller will receive from dealing with you. Include all the clubs and organizations you’re a member of.
Build credibility by giving the sellers permission to check up on you, not by telling them what they want to hear. You’ll sleep better at night and so will the seller when they feel good about signing a contract with you.
Big Cheese
although i understand the original posters point, its not good to lie
never has been, never will be
(not to sound corny) but the truth will lead to much more real and deeper success in your business
i also think that if you will compromise yourself in one situation, it would be much easier to do the same again and so on and so on.
telling the truth is always the right thing to do. always.
I think most people instinctively know the difference between someone who is truly knowledgeable and someone who is faking it. If you are experienced by all means use it. You can also use your inexperience. Many times you get the best deals when you just admit you don’t know. Sometimes this is disarming to others and they will work with you. No offense. Just my 2 cents worth. Wayne
I am amazed at any investor who deceives potential sellers/people. I don’t… and never will work in that manner. I don’t post nor log on to this specific site ( I have other sites I monitor ) I was amazed. I started in 2004 and own 7 properties, rental, land and currently rehabbing a few in St. louis.
I am learning every day! I have marketed myself as a; Save your credit, I buy as is, and can close fast. I get 2-3 calls per week. I would love to meet with an investor who can mentor me more. All of my deals are on a win/win basis.
Any replies much appreciated.
Thank you in advance,
JILL
Jill, those practices will take you a long way in this business.
Good Luck