Just bought a $4,000 HOUSE outside of Austin, TX

Just bought a $4,000 HOUSE outside of Austin, TX

Real Estate Investor · Austin, TX · Member since 2016 · 52 posts · 63 votes

When I started 8 years ago people said 'you can't do that, the r/e mkt is terrible, nobody is buying houses!'

When I moved to the Austin area people said 'you can't buy houses like that HERE!'

Most recently people say 'there's no good r/e deals anymore, the mkt is just TOO strong, you can't buy houses like that ANYMORE!'

I would be careful about listening to people who tell you what YOU can't do..............

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Uriah D.Pro Member
Investor · Apex, NC · Member since 2014 · 340 posts · 188 votes
9y
Billy Stohler well done. People say those things around me all the time in my market... closed 5 in the last month. Weird how that works huh?
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  • Uriah D.Pro Member
    Investor · Apex, NC · Member since 2014 · 340 posts · 188 votes
    9y
    Billy Stohler well done. People say those things around me all the time in my market... closed 5 in the last month. Weird how that works huh?
  • Investor · San Diego, CA · Member since 2016 · 351 posts · 141 votes
    9y
    Great work Billy Stohler very motivational !!
  • Investor · Austin, TX · Member since 2016 · 68 posts · 33 votes
    9y

    Kudos! Care to share your secret? :-) Or at least how difficult/rare those opportunities are and what it took to acquire it?! 

    That would motivate folks even more.

  • Investor · Chandler, AZ · Member since 2015 · 409 posts · 214 votes
    9y

    fantastic

    just goes to show

    you have to get dirty to get gold!

    meaning you have to look in all the areas others are not looking, these opportunities are everywhere

    they are in every state every town everywhere but you have to look

    be creative, ask a lot of people a lot of questions, look at a lot of properties

    I found a foreclosure nobody could find the tittle for 70 k 5bed 3bath with arcadia area   appraisal once remodeled 265k

    great work and thank you for the inspiration!

  • Real Estate Investor · Austin, TX · Member since 2016 · 52 posts · 63 votes
    9y

    Hi @Kelby K. - Sure, always happy to help man.  Its the same formula I've been using for 7+ years - Targeted letters.  I focus on non-owner occupied properties in the specific areas I buy (Even better if you can double up with delinquent taxes and out-of-county).  $4k is the cheapest and last year I rec'd a call from a seller on a $10,000,000 property and everything else in between. 

    My two favorite forms of mktg for deals are targeted letters and Facebook (which has become a goldmine for me).  I

  • Investor · Austin, TX · Member since 2016 · 68 posts · 33 votes
    9y

    @Account Closed, thanks for sharing! That is inspirational. What is your average monthly expense for that targeted marketing? Average weekly time commitment? And how many closed deals per month does that bring?

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