Bad apples can give any profession a bad name.

[cubedmack]

I have a quick question for those of you that live in Baltimore. Does' anyone know of a title company in Baltimore that is wholesale friendly? I am currently working on two deals and I need a good title company.

[TheBanditWholesaler]

@cubedmack Stone Gate Title 1919 York Rd in Lutherrville.Rob Brendal is the owner and is also a long time member of Baltimore REIA. Stonegate is very investor friendly.

[cubedmack]

@TheBanditWholesaler Ok thanks. I need to start coming up to the Bmore REIA meetings.

[TheBanditWholesaler]

@cubedmack No problem.

[SuccessKollective]

Yeah, Mark Whitten was one of Marcel's students a couple yrs ago and now he's a guru selling a little bit of the info for $500 and taking money from people on the back end sticking the newbie with the whole bill for paying taxes on the money earned. This guy here is cool though. He told me who mentored him and so far isn't looking to rip people off and stick them with an IRS problem soon.When the IRS gets at these people for taxes they all should tell them that Mark Whitten took half ........

[TheBanditWholesaler]

@SuccessKollective The fastest way to take down a GURU who offer mentor ships based on 50/50 splits is the call the IRS and tell them the gurus are receiving non taxed Cash. They would look into it faster then stink on a turd. lol Marcel does know his stuff. But learning wholesaling isn't worth $5,000 plus deal splits regardless.

[TheBanditWholesaler]

@SuccessKollective In any business transaction, I would never give anyone five hundred dollars and not have some sort of legally binding agreement signed by the other party. I'm not saying Mark would ever do this or not, but what would stop him from taking perspective student's money and just blowing the student off? The student couldn't do anything, because he or she has nothing in writing to fall back on in order to seek getting his or her money back. It goes back to what I said about ethics.

[SuccessKollective]

How much does Vena charge?

Are you doing any mentoring yourself?

[TheBanditWholesaler]

@SuccessKollective Vena's whoelsaling course is $599 her continuing email mentoring known as the inner circle is $39 a month. Her prices are insanely cheap. Google Real Estate Godddess

[SuccessKollective]

Mark wants $500 upfront. Cash only! No taxes paid on this money. Not bad although the info he gives is sketchy at best. Problem is he wants half of all deals closed after that for a period of time. So if I make 5000 closing a deal I have to give him 2500 again cash only. My name is on everything and the title comp will report when they do their taxes so I must pay taxes on the 5000 although I gave Mark 2500 of it. And he didnt do any of the work also.

[cubedmack]

@SuccessKollective Yeah, B-More has a lot of so call Guru's! Hell, Marcel Umphrey wants $5000 plus money from your deals that your do. I live in PG county and they are a few so call guru's who are doing the same with high upfront money. With wholesaling being so popular now, all of these so call guru's are making a killing selling their programs. I've gone to a few REI meetings and it is funny how they have special guest that are selling their programs for thousands of dollars. LMAO

[TheBanditWholesaler]

@cubedmack So he increased his price by $1500 lol. I would rather have a marketing budget of five thousand dollars for finding deals instead. A good home study course for a few hundred bucks is all anyone really needs. I have no problem with the monthly gurus pitching the stuff as long as their material is good and is affordable. I have a problem when the members in the REIA decide they also want to be gurus. At that point it becomes like one big sales pitch fest.

[TheBanditWholesaler]

@SuccessKollective Normally a 50/50 slit is common if you have a personal mentor. Paying the taxes on the deal isn't really bad as long as you did a deal and made some money in the process and learned from it. I have a problem with Gurus wanting to double dip, that being charging upfront PLUS wanting a split on the deals done. It should be one or the other but not both.

[SuccessKollective]

It wasnt Mark Whitten and his thieving ass was it? I think he is scummy as they come. He charges you upfront to learn what you guys do and then he takes half of every deal that you close and of course wants it in cash so he doesnt pay any taxes on it. The student of course is stuck paying on this money as income because the bank knows about the check. He got mad when challenged on this and cursed me out. wha t a loser....DONT GET WITH MARK WHITTEN.

[TheBanditWholesaler]

@SuccessKollective if you don't mind me asking, how much did Mark want upfront? For the most part, you can learn wholesaling from a good home study course. Vena Jones Cox is my mentor. Awhile back I tried to hook up with a local wholesaler who's well known at one of the REIAS in the Baltimore area. He wanted $3,500. He was about the money not helping others. Anyways I came across Vena and learned what I needed to learn at a fraction of what the local wholesaler wanted to charge me.

[TheBanditWholesaler]

@SuccessKollective The important thing to do is check around and get references from people who hooked up with the guru to see how much they charge and if they are legit.. Every instructor or guru isn't the same. Some are about helping and others are about making their real money off of mentoring.