Feb
6th
Why Bill Should be one of the 24
By Bill
I am approaching the finish line of my education as an investor,
for the near future at least. I am out of money, but brimming with
ideas. I am blown away by the expertise of the Rick and Steve and
Gary. This network is awesome and I just started to look around
yesterday. The other 90 MMM are great people. The energy and fun
and wonder of this contest is truly fun and inspiring. It is an
honor to be in this company of like minded winners and hats off to
the folks who have taken such time and care to make it all
happen.
I am originating residential loans during business hours and having a tough time keeping ahead of the new Reg Z, TIL and RESPA regs that Uncle Sam has put in the way of getting new mortgages here in 2010. My specialty has been Reverse Mortgages and now that there is a purchase money loan, more and more of my time is spent trying to educate Realtors about the way that I can help build value and drive transactions from the people they already know. What a kick in the pants though to find money for our seniors from their house at a time in lending where they have little recourse to increase their household income. We offer non-recourse loans to them and their families. Our mortgage company is cranking out 40% FHA, with a lot of 1st time home-buyers. The reading and regs and new appraisal requirements where by loan officers can't speak with an appraiser, have started to take the joy out of helping people buy and refinance real estate. It is a constant re-awakening to the horrors of zero equity, high payments and lack of income. I feel fortunate to have a position in real estate, yet it is a 100% commissioned deal; if I don't fund a loan, I don't get paid and my company doesn't get their split.
Cry me a river right? Not so fast, because I still feel lucky to have become a Real Estate Professional in the first place, lo these 12 years ago. But here's the real deal on Bill Evans; I am on a Quest to change the part of the real estate industry from which I do make a living. I figured a few years back, when the sub prime melt down almost put me back to Bartending, that the future transactions I funded should be my own. I have relentlessly read and educated myself about: wholesaling, flipping, bandit signs, Short Sales, REOs, auctions, deed in lieu, foreclosure, Tax liens, Tax Deeds, re-casting notes, assignments, Master lease options, seller carry back, wrap arounds, 2nds, loss mitigation, BPOs, option contracts, internet marketing, lead capture, squeeze pages, email blasts, google rankings, drip campaigns, direct marketing, absentee owners and the list goes on and on. A lot of these things I have put into play as a way to find deals.
Now, I am focused. Now I am resolute. The focus has narrowed to finding small regional banks and commercial brokers whose balance sheets and data bases have assets and notes that they need to take off the books. I am looking to speak to anyone and everyone that I meet, email or bump into; at Starbucks or the dry cleaners and tell them in my elevator speech that I buy commercial real estate. Self storage, Multi Family Apartments, Student Housing and Parking Garages and 3 star chain "flagged" Hotels. I am looking in major markets where the jobs are coming and the workers need to rent, store and live.
I have always been a team player. I love sports and learned my best life lessons on the fields of play. I also have always been honest, to a fault. So, that's my story. I have dreams of a life in commercial real estate where deals are going to be made in this the opportunity of our lifetimes. An 80 year cycle, some have said. I will change my circumstances for the betterment of my beautiful and hard working wife, my life partner and Mother of our only child. I will succeed because I can and know that I will. I will provide a life of abundance for them and me and I will do this by the strength of my will, the use of my brains and by opening my mouth to ask. It is no secret that the power to change lies within.
So let me ask you now to pick me because I'm a giver not a taker. I'm a creator and value add player. There is a lot to know and I can share what I know with everyone around me while soaking up like a sponge the knowledge of those more experienced in front of me. Don't take advice from people that aren't as smart as you, but surround yourself with those that know more than you. Being here and becoming a part of the Real Deal is a chance to make it happen and find a home for the deals, the growth and friendship I seek. It's selfish to say, but I think that I have a lot to offer.
With greatest humility and thanks,
Bill
I am originating residential loans during business hours and having a tough time keeping ahead of the new Reg Z, TIL and RESPA regs that Uncle Sam has put in the way of getting new mortgages here in 2010. My specialty has been Reverse Mortgages and now that there is a purchase money loan, more and more of my time is spent trying to educate Realtors about the way that I can help build value and drive transactions from the people they already know. What a kick in the pants though to find money for our seniors from their house at a time in lending where they have little recourse to increase their household income. We offer non-recourse loans to them and their families. Our mortgage company is cranking out 40% FHA, with a lot of 1st time home-buyers. The reading and regs and new appraisal requirements where by loan officers can't speak with an appraiser, have started to take the joy out of helping people buy and refinance real estate. It is a constant re-awakening to the horrors of zero equity, high payments and lack of income. I feel fortunate to have a position in real estate, yet it is a 100% commissioned deal; if I don't fund a loan, I don't get paid and my company doesn't get their split.
Cry me a river right? Not so fast, because I still feel lucky to have become a Real Estate Professional in the first place, lo these 12 years ago. But here's the real deal on Bill Evans; I am on a Quest to change the part of the real estate industry from which I do make a living. I figured a few years back, when the sub prime melt down almost put me back to Bartending, that the future transactions I funded should be my own. I have relentlessly read and educated myself about: wholesaling, flipping, bandit signs, Short Sales, REOs, auctions, deed in lieu, foreclosure, Tax liens, Tax Deeds, re-casting notes, assignments, Master lease options, seller carry back, wrap arounds, 2nds, loss mitigation, BPOs, option contracts, internet marketing, lead capture, squeeze pages, email blasts, google rankings, drip campaigns, direct marketing, absentee owners and the list goes on and on. A lot of these things I have put into play as a way to find deals.
Now, I am focused. Now I am resolute. The focus has narrowed to finding small regional banks and commercial brokers whose balance sheets and data bases have assets and notes that they need to take off the books. I am looking to speak to anyone and everyone that I meet, email or bump into; at Starbucks or the dry cleaners and tell them in my elevator speech that I buy commercial real estate. Self storage, Multi Family Apartments, Student Housing and Parking Garages and 3 star chain "flagged" Hotels. I am looking in major markets where the jobs are coming and the workers need to rent, store and live.
I have always been a team player. I love sports and learned my best life lessons on the fields of play. I also have always been honest, to a fault. So, that's my story. I have dreams of a life in commercial real estate where deals are going to be made in this the opportunity of our lifetimes. An 80 year cycle, some have said. I will change my circumstances for the betterment of my beautiful and hard working wife, my life partner and Mother of our only child. I will succeed because I can and know that I will. I will provide a life of abundance for them and me and I will do this by the strength of my will, the use of my brains and by opening my mouth to ask. It is no secret that the power to change lies within.
So let me ask you now to pick me because I'm a giver not a taker. I'm a creator and value add player. There is a lot to know and I can share what I know with everyone around me while soaking up like a sponge the knowledge of those more experienced in front of me. Don't take advice from people that aren't as smart as you, but surround yourself with those that know more than you. Being here and becoming a part of the Real Deal is a chance to make it happen and find a home for the deals, the growth and friendship I seek. It's selfish to say, but I think that I have a lot to offer.
With greatest humility and thanks,
Bill
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