All Forum Posts by: Austin Mudd

 Connecting the fan to the light switch is a great idea

Thanks for the advice guys, have registered a domain and found a hosting provider. With Wordpress, do you guys recommend any particular investor themed templates/plugins to get started? I see OnCarrot offers a service to investors, but I'd rather keep my costs lower as of now, since I don't know what direction I'm heading towards 100%.

@Trevor Ewen @Justin Howe @Keanan Koppenhaver

Thanks for the response. I haven't created a LLC yet, but it's much cheaper than CA in PA I believe. I realized I could also operate under a DBA for now too.

You can look for property  that cash flows (will likely not find anything above 1%) in an area of moderate to high growth for appreciation over the long term to increase your returns. Also, finding such property that needs work will let you build some sweat equity and allow you add value and increase rents.

Also, if you come across property in a high tourism area, you can AirBnB. If you're renting a 2/1 duplex for $4,0000/mth gross and it costs you $600,000 for the duplex, it ain't a cash flow deal. But with AirBnB, you could spruce the place up, rent 2x 2/1  at a nightly rate of $300/night for each unit (a unit sleeps 6 each) 300 * 2 units * 15 nights and you're grossing $9,000. Not including any fees like cleaning that the guest pays or any tax you incur if there's regulation. If you can increase occupancy, you're killing it. I don't have experience doing this, but it's what I reason the strategy is. 

I have a question, I'll be moving to PA soon and will be back to another state (hopefully CA) after about two years. I think it's a worthwhile question for those who also might be in situations where they need to move around. Is there a lot of trouble in transferring LLCs/other business entities state-to-state? 

Here's the plan - moving to Pittsburgh to start a job now that I'm done with school. Will be there 2 years then will be moving out to  another city (hoping LA or San Diego). I'd like to build a website for these purposes:

- Establish credibility to potential sellers from directed marketing 

- Blog, track, and show progress and successes from current and past projects completed

- Online lead generation 

As i'm just starting out, only establishing credibility is important to me. Also, are there opinions regarding conducting business under a business entity or should I start off going off as an individual. 

I think it's also necessary that I stay city-neutral, avoiding websites/terms like "SellYourPittsburghHome.com". But definitely curious what you guys think about operating behind your name, like @Tim Gordon does at gordonbuyshomes.com (really solid website Tim) or behind a company. A note, my company might raise a fit if they see that I'm doing this outside of work, so I'm thinking using a company would help me to avoid that annoyance. 

@Raquel Pea are there restrictions on doing AirBnB/other ST rentals when purchasing a property via FHA?

@Robert Lorenz Interesting way of putting it. Do you have success with this? It sounds like a lot of work that will meet a dead end for someone with no motivation from initial contact (or after following up the VM and confirming the lack of motivation). What are your numbers looking like?

Did the google voice -> podio lead set up so I have a few VM's off my first marketing campaign. One call was warm, and we're working on a few options to go into contract on this seller house.

The other 4-5 VM's I've received vary between

• I got your postcard and just calling to tell you we're not interesting in seller
• This is XYZ and calling you to tell you, we're never, ever, ever in the future going to move from our house. We are happy where we are right now
• I'm not interested in selling, I'm giving the house to my son after I move on
• Who do you think you are?!?! I hope you go jump off a ****** bridge and die [refuses to give address to take off list]

What do you guys do when you get cold leads coming in? Call back even the most unmotivated people? Let them go? I have their number, so might as well call to get confirmation and attempt to get referrals.

Also, do you still mail people who indicate they don't want to sell? Do you take them off once they tell you to DNC?

Another 22 year old here with the same aspirations. Good luck out there.