All Forum Posts by: Brandon Johnson

@Jessica Kegler

There are enough agents out there willing to work on the standard commission only basis that you do not need to pay the upfront fees.  Everything is always negotiable.
See you at the top!

@Ralph Newton

Fade the fear and just do a deal.  Once you get beyond the first one you will gain serious traction if in fact that is what you are after.  Mindset is everything and if you simply set the GPS on your final destination and put the car in gear, you will find yourself led in the exact right direction you need to go and you will get there almost effortlessly.  But you have to commit to your end result and take some kind of action in order to realize this to be true.  Connect with me at The RING meeting if you ever make it over to BR to catch one.

Take action and I'll see you at the top!

@Jonathan Heltz

I recommend getting your agent to set you up with email searches from the MLS that match your criteria. It could be for certain neighborhoods you want to be in, certain zip codes or they can even draw an area on a map for you. I would ask for a notification every time a listing either becomes a new listing, changes price, goes pending or completes a sale in your area.

You may get bombarded with emails, but if you look at all the listings that ping your criteria then you will start to develop a good understanding of what the comps are in your area just by looking at so many deals.  When I ask for comps from my agent I am requesting the year of sales prior to the flood as well as all sales since the flood.  

The "MLS client view" will allow you to see photos if they exist and you can know if you are looking at a flooded and gutted house or a rehabbed house, but the listing and sales price should tell you right away if it is gutted or restored. I also get the "CMA summary" view which is a spreadsheet format to easily run through all the listings and see things like square footage of living area, number of bedrooms, days on market, list and sales price and average and median prices per square foot.

Keep at it and you will get the right deal. I also recommend you attend your local real estate club which is The RING / Baton Rouge REIA and connect with local wholesalers. Wholesalers are bringing tons of deals right now that can often be purchased for less than those on MLS.

Take massive action and I'll see you at the top!

@Sam Heck

I second Mr.@Joseph L.'s advice.  Call the office and ask for Marla.  They know real estate accounting over there!

See you at the top!

@Siedda Herbert

How is the progress on your goal of 57 units going?

@Phoenix Harris welcome to BP!

I like the idea of trying to find some type of intern opportunity or going to work for someone in the real estate business while in school.  There is so much truth in the saying "your network is your net worth."

@Account Closed is certainly steering you in the right direction in asking what your goals are.  My recommendation would be to spend some time deciding exactly what you want to gain from real estate and then put that down on paper.

I cannot stress enough the importance of writing your goals.  I had heard it hundreds of times and never put much stock into it until something nudged me to do so and then I had my first experience with realizing just how powerful the Law of Attraction is and always will be.  I continue to achieve everything I set out to achieve by combining simple action steps with clearly defined goals.

ROCK ON and I'll see you at the top!

@Larry Daniels welcome to BP!

If you want to call someone's attention to your post it is recommended you use the "@" to notify @Tony Osborne that you mentioned him in this post.  

Baton Rouge has a local REIA that meets once a month called The RING / Baton Rouge REIA and this is a great venue to network with other investors. I look forward to connecting with you and hopefully buying some deals from you in the Baton Rouge area.

Take massive action and I'll see you at the top!

@Jessica Fatel  I have to agree with @Robert Leach 

Finding the right general contractor has been an absolute game changer for me and has allowed me to scale my business significantly.  I don't like the idea of a three way partnership.  I'd rather just pay him what he charges for the rehab.

Good luck to you in your rehab ventures. See you at the top!

@Eric P.

Absolutely BRRRR works in BR. I use that strategy consistently in my business. On occasion when I don't do as well as I'd like to I end up with $2,000-5,000 invested in a BRRRR after refinancing and this is on homes in the $150k ARV price range that rent for $1500/month.

See you at the top!

@Charles A.

Sorry for such a late response, not sure how I missed this question.  The deal became a huge success for my first deal being a seller financed deal.   I have since done numerous seller financed transactions for my buy and hold properties.  33 units and counting...

See you at the top!