OfflineHere are some key questions to ask:
1) ask if they are activley Investing @ this time?
2) What level of Rehabs are they comfortable with?
3) What type of properties are they interested in: single family residences, multi family, commercial, multi units, etc.
4) Approximatley how much capital are they working with?
5) How many real estate transactions have they done?
This is probably the MOST important question-
6) How quickly can you close?
Depending on how this question is answered will pretty much tell you if he is real or NOT, if he says " well i'm not sure, if i had to say i guess a month". I would be willing to bet that he's a wholesaler.
Anybody that is a serious REI usually can close within a week to week and a half, if he says that, he's your buyer, YOUR HERO, SULLY
YOUR HERO, SULLY
Another great post, thanks for the info, now I know why you're our hero!!!
Continued blessings to you,
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
thanks e, you always dig my posts
YOUR HERO, SULLY
You are not only da man, but you're such a colorful character!! I really enjoy reading your posts because they're not just informative, but they make me crack up... I love your sense of humor!!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
thats Fan-Tabulous, (yeah nice one sully)
YOUR HERO, SULLY
It is apparent that each and every one of your (and Elena's posts) are down-to-earth, genuine, and based upon experience...PLUS your very unique sense of humor
Thanx as always! Just 6 chapters to go!!!
"All great social and intellectual movements begin with a group of interested friends." CS Lewis
And we know that for those who love God, that is, for those who are called according to his purpose, all things are working together for good.
Romans 8:28 - International Standard Version (©2008)
wibster, that actually care, thats why we do it(at least thats why i do it) and people who really appreciate our taking the time out to help people succeed in REI, so thank you for taking the time to thank me & the other elite members of the site,
YOUR HERO, SULLY
Sully is the genuine article, a true HERO! I do it because I am more than happy to share my knowledge with others. I had NO one to help me when I first started except my friend Dan, who is 3000 miles away now. Had it not been for him I wouldn't have had the courage to do ANY of the deals I did. He laughed at me at first because I made one mistake after another, but now he respects me because my knowledge has surpassed his by far. I'm not bragging by any means, we actually joke about it when we talk, which isn't as often as I'd like. But he always tells me I should be teaching this stuff and so I do what I can to share what I've acquired with others that truly want to learn, NO CHARGE!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."