All Forum Posts by: Austin Works

@Joe Villeneuve I believe the obvious difference is one question would be asking for advise that no one could give me, while the other question is looking for examples of what others are doing, so that I can make my own decision for myself based on those examples. They are very different questions, and you answered a question that I did not ask.

@Joe Villeneuve I believe you may have misinterpreted the question. I asked how much you (referring to other investors) pay yourself, so I can get real world example of how other people structure paying themselves. I did not ask how much I should pay myself, that would be a loaded question. 

Maybe a better question would be:

@Joe Villeneuve how did you find this question to be vague or general? I find it to be pretty straightforward. 

When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?

With the current high demand/low inventory of single family houses,I have definitely had a huge drop in leads, especially for flips. I will admit that I rely on wholesalers far too much, but they have dried up over the past year. Is finding houses to flip more difficult than it's worth during this period of time? I have considered starting a roofing company in the meantime, but curious if I should just push through and start marketing for flips?

In my market, landlords are selling, but mostly just to capitalize on the shortage of properties and obtaining top dollar for their rentals. I don't know of anyone who has had to sell out of desperation yet.

@Robin Romero Have you checked out the NELA Landlords group on Facebook? This group hosts events, (before Covid anyway), and I'm sure events will be starting back up soon with things opening back up. Me and a friend have also been discussing starting a new group that focuses on broader topics like strategy, whereas NELA Landlords focuses more on being in the business of being a landlord, which I technically am not since I use a property management company for the day to day.

@Scott Bottomley I went ahead and signed up for PropStream and I am impressed. I appreciate the info.

@Scott Bottomley I actually just searched for real estate leads providers since I don’t need leads often enough to justify any type of monthly account. I only asked what software they used to understand the inconsistency. I have no say in what these sellers are using. Can you answer the question though?

I have been working with sellers on Fiverr who use PropStream and others who use ListSource  and I am finding wildly different lead counts from each seller for the same criteria. I have now entered this criteria myself into ListSource and I got a significantly lower lead count than any of these sellers. What is the cause of this inconsistency? Where have you found the most accurate lead sources? Without going to the court house.