All Forum Posts by: Alex Craig

I concur. This has not worked more then it has worked.  The big problem here is if the quality of work is no good. This can turn adversarial quick. I know, it sounds good, but in most cases, if it sounds too good, it probably is. 

Curious, can you rent it out? I can't tell you how many retail flips I got into with the intention of selling, put to much into the home and ended up renting it out for a couple of years. It has worked out for me on every occasion. I am about to do it on a $600,000 flip in Memphis. I will not be able to get my target profit, thus will rent out for $3,500 a month for a few years. Time has a way of fixing real estate problems. 

John -- I think you can be doing both at the same time. Consider attending your local REIA meetings. It has been years, but I used to go to a few of the local Southern California REIA's; there were a lot of people already investing out of state. You may meet some people to give you guidance and possibly referrals.

Not really. I started back in the days where foreclosures were abundant. I would find REO's and would purchase, renovate and sell with the backing of other people's money. Mostly we would sell to investors. It was crazy back then. Buy a home for $30,000. Put $10,000 into. Rent for $850. Sell for $65,000. Those homes are now selling for $150,000 and renting for $1,250. I kept quite a few, but would be retired had I kept them all. :(

When I got started it was finding older, experienced investors. Create a relationship and show that I am eager, hard working and committed. Then partner up with these people. I did my first 50 or so deals bringing $0. I found the deals, put together the plan and executed it. Now I am wearing the other shoe and it’s nice. Just have to be good at selling yourself. 

Most can see through that. I am not a big fan and it sounds desperate, not to mention takes away from the purpose of what BP is. There are plenty of paid opportunities. The best way to grow your business is to help people and give solid advice in the forums. The rest just falls in place over time. 

Make sure everything is in writing. If there are issues, make them provide pics. You have the right to enter the property; I would bring someone with you as a witness. 

Hi everyone, my name is Alex Craig owner of a Turnkey company offering investment properties to investors since 2008. Our operations are based in Memphis and Little Rock, where we currently manage a portfolio of 1,250 homes across both markets, serving approximately 450 investors since 2008.

I'll be attending the EOS Conference in San Diego and would love to connect with fellow Bigger pockets fans. We've organized similar gatherings in the past, and have enjoyed the collaboration. During our meetup, I and a colleague will discussing my company and the markets we operate in, but rest assured, there will be no aggressive sales pitches. It's simply an opportunity to engage in real estate dialogue, exchange knowledge, and delve into the world of real estate investment.

I'm excited to share my 15-year journey in the industry that started in 2008 with the purchase of a single family home to now owning 200 doors. As for the location, I'll gauge interest and decide on a spot that makes sense for the group. Looking forward to meeting you all!  Dinner and drinks on me!

@Richard Robinson it’s all about vetting properly. Try to get testimonials, not referrals from past clients he gives you.  Also avoid the cheapest guy.  Once the project starts, it’s simply staying on him and holding him accountable for what he says.

@Latoya Pryor I see a lot of people successful doing. It can expensive, but only takes 1 deal to recoup those cost. I think surfing property management websites and contacting owners of vacant homes. You may find a tired landlord. Driving for dollars using Deal Machine I feel can be expensive.