All Forum Posts by: Alex Franks

Alex

Originally posted by @Scott Patterson:

National Speaker and Local Legend Travis Howard- Mobile Homes and Systems

Topic: How to Scrap Together Your First Deal

National Speaker, Local Legend Travis Howard will be throwing down at Sugar Creek Brewery on Mobile Homes and Systems. He's going to show us how you can make a killing with mobile homes and systems in your real estate business. Travis Howard is a national speaker and absolutely kills it whether he is in town or not. He does so many transactions a month, I didn't want to ask as it would destroy my self esteem and make me feel like I'm standing still. Regardless I am grateful he will grace us with his presence and look forward to learning from him as usual.


We meet the first Tuesday of every month at the Sugar Creek Brewery in Charlotte NC and always bring the heat with local rock stars giving their best 

The meeting is $20 or and 2 for $30
(the money goes to pay for the room)

Thanks for your support.
Scott Patterson

other info- we will have our own private bartender (beer pourer) and a limited menu for food. You may bring any promotional material about your business, wholesale needs etc to distribute, as there won't be a "networking" opportunity during the meeting. But plenty of networking after.

Originally posted by @Jay Hinrichs:

your parents or grandparents maybe if they really like you !! 

My man you have the MLS right in front of you. Find out where local folks are buying and why. Pick out those area and start doing you home work. Make sure and have reserve funds before you start holding. Yet you already have the tools you need.


Alex


Originally posted by @Chauncey Perkins:

Greetings BP community! I Have Been An Atlanta Agent For About Three Years And Have Been Pretty Successful... Most Recently, I Have Been Getting Anxious About Making The Jump From Full Time Agent To Investor. 

Any Tips / And Ideas Are Welcome

2001 -2004 I would sneak out during my lunch break and flip ( wholesale houses) I had one mentor who said Alex I buy over in this area of Rock Hill for $32k. Unlike most, I was determined to make money. So I would put on my rollerblades and hand out flyers.( I could fly on roller blades back then) Found out don't stick things in mailboxes. They frown upon that. Don't skate around the hood unless your 6 ft 230bs on skates.I was more like 6'3 230. They thought this white boy is crazy. Yet my very first month I made $22k and I never looked back. It was the start of this journey. Having the buyer first helped more than anything. Also, double closing or getting funded was a lot easier back than. I still wholesale deals in this same area. Trying to get a duplex right now and already have the buyer. Just waiting on a deal to come available. Been in this area for over 18 years and still playing in that area. 

So the key points know the numbers and skating is fast way to hand out flyers. LOL 

Alex

Originally posted by @Jimmy O'Connor:
@Alex Franks I’m getting a lot of love for my question haha

Originally posted by @Jay Hinrichs:

Originally posted by @Dennis Dahlberg:

What left  a bad tase in my mouth?       you asked

The answer is...  that every wholesaler I meet  .......  is a lying, cheatIng, POS...  scum of the earth....

Remember you asked the question..

One question what do you really Think !!!  :) 

First money is not everything and never tell folks what you have. You are going to get flooded, my friend. My humorous side says come to play poker with me texas holdem. World Series Poker coming up here locally. My business side says change this add. Instead of it should have said how to make a solid 10 % return in this business the best ways to achieve this. Promise I am one of the dumb folks here so take what I say lightly.

Okay to late but on the serious side. If I had to talk to some serious folks.

I would follow along and see who are the folks helping folks daily here. There are some very smart folks on this site. These are the folks who don't need money but are the ones I would want to be working with. So many ways in this business but do you really want another business. Flipping, wholesaling that is more of a job. Syndications are what I would think or lend locally until you understand the business more. If I was to get in the lending business or want to know more. Type in Lending and you should see certain names come up as they can give more advice then most folks. I would CC one person but again not to wast his time or yours. 

Alex

 


Originally posted by @Uzi Pablo:

Hello, I'm very new to Bigger Pockets, but I've had this forum bookmarked forever until I really needed it.

I sold one of my companies some time ago and now have a regular stream of ~1 million per month to invest. So far I'm a very aggressive entrepreneur, but I don't know the first thing about real estate, and that's where I want to divert a lot of my income to supplement my standard investment strategy of stocks, bonds, other companies, etc. I'm thinking maybe 10-30% of that into real estate to start.

To be honest, I know absolutely nothing about real estate. So I have started in the Education section in the beginners guide. I was also considering buying the Bigger Pockets book on real estate investing.

There's so many areas of interest though, that I'm wondering which area(s) one might suggest I focus on first, just so I'm on the right track from the beginning. From there I can study all day long until it starts to click.

My ultimate goal is (fairly) hands off income @ ideally around 10% return. More would be incredible. I'm not sure if that's possible while using a management company to manage properties, so if that's not reasonable I'd love to know what is. I have no problem hustling and doing work, but I'm really trying to find something that doesn't require an immense amount of time per day/week. If that also isn't possible I'd love to know what is a more reasonable goal. In the back of my mind I think "what if I had 10 or 20 properties being managed by a company and I just collect income from them" type of deal. Obviously there's a lot more to it, but that's sort of the direction I was thinking.

I don't know if wholesaling or flipping is a good strategy for me either (still reading about that, haven't gotten there yet). Any insight would be appreciated where to start.

Thanks to you all.

- U

Great advice I'm still a little guy but when I do have the capital I get it to work with local flippers as well

Alex

Originally posted by @Dennis Dahlberg:

Dont buy the homes, be the lender.....it took me years to figure this out.

I use to work very hard flipping homes. 

Late one, night writing checks for all the hard money lenders, my wife said “what are you doing?” 

Told her I need to make sure all the lenders get paid, I’ll be in bed soon...

She said “Looks like your on the wrong side of the business, don’t stay up too late dear.”

And she was correct.........

Always listen to your wife......

Google wholesaling on this site and spend 20 to 30 minutes a night educating your self here. The main thing folks forget is they have to learn and know the numbers. Work in a small area of location and truly take time to know the numbers of that area. It's amazing what happens when we combine desire, dedication, direction, and drive.

Alex


Originally posted by @Dee Johnson:

1. Was looking into Connected Investors and really excited about jumping back into RE Wholesaling.  However, I found This website and read lots & lots of negative comments and chose to wait on Connected Investors .  Have been here before - am starting all over once again & a bit discouraged.  Have done most everything wrong you've written about on here.  But I  still love and am VERY interested in wholesaling.  Any other 'not tos' for a 2nd time around newbie???