All Forum Posts by: Andrew Brannick

I have not begun to do any fix and flips but the team that I work with has given me some great advice. The team that I work with has multiple projects going all the time with two full time crews for some incite. 

Doing one house at a time as a full time flipper (depending on price point) is very tough. You have to look about the estimated amount of time on the market/time between flips and the amount of money that you are realistically looking to make in this time frame.  You also want to make sure that you have a solid reserve, nothing worse than hard money guy looking for his money!

They told me to have at least 100k for me and my partner 100k as well. You can jv with someone experienced to learn the in's and out's and be in with less money!

I can describe what I have done to keep the seller at ease as well as keep myself in the clear if I am unable to find the buyer. I am not 100% sure that this will answer the question that you asked. I would say speed is not what you need, manage the sellers expectations!

In the contract that I use I added an additional line to the purchase price and deposits. I have a stipulation that earnest money is only due at the end of the inspection period. The details help the home owner so you can referrer to exact line in the contract. "EMD to title by 5 pm on the last day of the inspection period" (hopefully 10-30 days after beginning of contract). If the seller is worried at all about the emd not being in, I just let them know that I am still working on my due diligence I will have it by the final day of inspection. I should have a buyer by this time, if not than I will cancel of take down the property myself.

I think you should go and check it out whatever they are offering for free! It really energizes you about going into the real estate field!

The initial meetings are longer infomercials. They are trying to sell you. The goal is to get you to sign up to be on the training program. You will be learning a ton about real estate, but I don't know if it isn't something that you won't get from a podcast.  What I will say about Fortune Builders is that I know of plenty students that are successful, so it is effective for those that capitalize on the program.

As I have stayed in the business longer, I have found that seminars more effective. I am able to refine the techniques that I already use, as apposed to being bombarded by ideas. I have heard many times; if I only learn one thing that I will use in by business then this seminar was totally worth it. I think that taking just one thing/idea at a time is a good method. I don't think you want to totally rework your business just off one seminar. Probably the best part of seminars is that they are kinda like a giant meetings, its a great way to network. 

There is a ton of different ways that you can approach investing. When I have talked to people that are just getting started in real estate their mind is going in a million different directions. The biggest this is not having analysis paralysis. Try to get focused on what you want to do in real estate, and do it. When you have found what you want to do, don't give up easily. Starting something new is typically not easy, stay with it. Think about it like playing the guitar, or any instrument, you are not going to be able to just pick it up and automatically be able to play whatever you want. 

Door knocking is great! Whenever I head out to go see pre-foreclosures I hand write out thirty or forty letters that I leave on the door. Another thing that I do that I have found really puts the homeowner at ease, I have a buddy that works in the mortgage industry and I give them his business card. I let the homeowner know that if he is able to help that is another option. It really opens up conversation and it is a good thing to do!