All Forum Posts by: Alfonso Velazquez

OK, here's my question. My coaching program teaches what type of house I should buy. How I should market to them. What my numbers should look like. And all that good stuff. 

But what's really missing and the most important part I feel is, what to do when you get into a prospects house. I understand for you to get that call and be invited to the house, means they are more likely motivated then not. What I would like to find is a good book some instruction or some general insight on how to handle that portion of the marketing. Helping the sellers to realize the price your offering is not an insult to them, and you want to really help them. Stuff in that area, a book focused on that would be great. 

Any advice? 

Thanks 

ultimately i would love for bp to have it posted on their docs.  

it would help if i gave the location of mind map ha ha. 

it will be in my dropbox 

you will need to download xmind its a free software and it really good in helping you map out whatever

https://www.xmind.net

here is the dropbox links 

https://www.dropbox.com/s/mrhfop73bcqwxdo/Guide%20...

please i know its involved but i believe it could help a lot of people

Hey guys,

  I created a mind map for myself which i believe should help me in staying focus. I want to be a flipper but often find myself researching stuff other then what i need to better myself. this leads me to ultimate analysis paralysis. 

  i was hoping some of you experienced investors would be able to review critique it and lend some suggestions. I know i may be asking a lot in terms of your time. but i want it to where it could not only help me but be used as a guide to all the beginners and intermediate flippers out there and mainly in here on bp. 

 so i ask please check it out, feel free to add to it. leave notes and hopefully we can use it as a comprehensive beginners cliff notes types mind map to keep people on track.

thanks as always

Alfonso 

from what i understand, as far as tax purposes go its all depends on what designation you use. you can get away with deducting a lot more as an s corp than a regular sole prop llc. deduction in car payments, milage, entertainment for business expenses, rent if you use a home office etc. stuff you cant get away with without one. 

i had to set up an llc in order to get funding and hardmoney lenders wont lend unless you have a set up of sorts. 

im sure theyre ****** aspects but with a good accountant you can get a lot more out of it.  

Yea. The journey is going to be an interesting one. 

I posted once before on the program I'm involved in. 40kflips Which also funds our deal as long as we stay students. It's expensive money and I am aware of that, but if it gets me to point b where I have some experience under my belt I can then get finances in other ways especially if I have some more of my own. 

  I don't have rehab experience but have been a maintenance manager, and an hvac mechanic/contractor for the past 10 years which give me a good head start in dealing and working with contractors. 

 I know I have a good amount of learning that is only going to come from the act of doing. I don't want to be caught up in the learning paralysis phase. I recently placed a bid on a short sale and see where that takes me. From what I am hearing it can be years down the road before I get an answer. 

thanks josh for the input. Hopefully like I said earlier I'll soon be posting my success and learning curves (not failures)

 Awesome. I hope ?o be sharing my success soon as well. 

Hey guys and fellow newbies,

    I must say i truly wished that i have found this website 10 years ago. This year do to a passing of a friend i decided to get serious and actually change my life. I fell into a rut talking year after year about how i want to start a business and how i will be successful. The problem was i was talking with a group of my friends who also talked about there aspirations with no actual action. 

   Back to losing my friend who was 32 and me at 33 had a real eye opener. I came to realize that life is nothing more then the moments you are living and if you are not living them, then your losing them(moments). I realized that talking and having dreams and ideas are great but without action what good is it. This lead me to joining a real estate coaching program, before the critique mind you i said i wished i found bp first haha. I always and mean always had an interest in real estate and felt id always be involved in it some way some how. although i wish i would have used the 3000 that i did on the program on using it to purchase or marketing, i am grateful cause it got me to bp. 

    now what do i mean by progress? before my coaching program, which lead me to bp, all i knew about real estate investing was buying rentals and whatever was trending on hgtv at the time. because of bp i was able to connect to 2 experienced investors, both of which i've had lunch with and who have provided me with much insight. That in itself in light years ahead of where i was before. to have experienced individuals to whom who have there personal number to get assistance from and whom are whiling to help just for helps sake is an awesome gift to me and to anyone else starting out. 

   although i have not yet bought and flip a property yet(which is my immediate goal) making these connections through this channel is a win on itself. 

just wondering how many here has used homefacts.com and is it pretty close with its comps?

did you keep the Original kitchen cabinets or just restained?  Looks good man.