All Forum Posts by: Austin Hughes

you don't have to have one in Texas! :) haha

 Yes! That excites me. Great to hear. You'll enjoy it.

I do not have any advice for you there, as I am trying to do the same thing. Haha.

Except, my purposes are to get a partner on a 29 unit deal that I have locked up right now in Texas! Anything you send my way will be appreciated and rewarded!

Houses under $30K aren't my end strategy, but I find myself steeped in the world of low cost housing right now!

I've got a 3,000sqft. house under contract for $19K right now, and a 29 unit multi family contract at under $10K/door!

Like I said, it wasn't my aim, but I don't discriminate when it comes to good deals!

 I really hope so. I'll do everything I can to make that happen!

Thanks for the encouragement.

@Diane Klaas Wow, you ride motorcycles?! That's crazy!

I'm in Lubbock and always open to expanding my network as well. I like your message.

Wow, that was a doozie. This seller kept dragging everything on... wasn't certain, didn't really know what she wanted, and concealed some KEY information until the last negotiation. If I didn't know better, I'd say she was a seasoned pro! BUT, after two hours inside her mother's home, negotiating with the entire family there, I got a heck of a deal under contract tonight.

It was kind of a surreal experience. (Yes, I'm pretty new) But I wasn't nervous at all. There were so many obstacles I had to overcome just in today's negotiation. There are three books that I give the credit to:

1. How to Win Friends and Influence People: There were many issues we disagreed on. If I were to try and emphasize my point, it would have gone nowhere. Especially when I was trying to convince three generations of women. Instead, I stopped everything, and said this: "Let's not try and meet in the middle. I don't want to negotiate this and that. You tell me exactly what you would want. What would make you 100% satisfied with this situation?" That opened her up and allowed me to know exactly how to structure my new offer tonight based on her wants.

2. Proverbs: This is the book in the Bible where God shares his wisdom with King Solomon. It gave me a perspective in this deal that was the only reason I was able to close it. From the get go, I was completely honest with the seller and informed her of all of her options. I told her what my intentions were and genuinely wanted to help her. She had an offer for $4500 more than what we agreed on from another investor, but went with me instead, because of my caring and honesty. I know I will be blessed (even if I don't make money) if I follow God's principles.

3. Trump Style Negotiation: This book really surprised me. According to his lawyer, Trump doesn't play hard ball, but instead tries to find the true desires of all parties and satisfy their wants. The main things I got from here were these: First, when I knew I had reached a price I really liked, I didn't jump on it. I seemed hesitant, and made them convince me it was good. Second, I let them win every negotiation except for the ones I wanted to win. It was a give and take.

They say you make money when you BUY in real estate, and I got a smoking hot deal.

Thanks to all the BP members who have inspired me and given me ideas to put me here in my real estate investing business!

 Oh snap. You can package that puppy up and sell it for $997 hahah. 

Fair warning on him... He's an "expert" in new construction, wholesaling, land development, rehabbing, and note flipping.

I get emails from him (idk how) all the time.

Find out for yourself, but it sounds a lot like a 4 hour workweek "position yourself as the expert" business model, where he sells you on some system that you can easily do yourself.

I am going to get the vacancy rate down from 40% to 5% on a 27 unit property I just got hold of.

I am going to flip one house on owner financing.

I am going to purchase a primary residence.

I am going to acquire 2 homes on lease option or owner financing and use them as rentals.

I am going to get an automated follow up system for CRM after I talk to leads.