All Forum Posts by: Brandon Johnson

You're definitely on the right track.  Keep analyzing deals and look at as many as you can in a day and you will quickly get a feel for what is a good deal and what is not.  I promise there are way more deals out there than you realize, so don't jump on the first deal you run across just because you are eager to get started.  I remember being there and just being so ready for a deal that I bought one with very tight margins because I financed it 100%, but today it does perform well.

You are right in your hesitancy about not including vacancy.  What are you going to do if your tenant leaves right after you purchase it and it takes you a couple months to replace them with a good tenant?  Not that it would be the end of the world, but will you be prepared  to carry the burden of the vacancy expense?

Maybe you should insult them with a lowball offer and see if they bite.  If not, move on to the next possibility!

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

@Eladio Perez

Awesome!  Congrats on your first deal and I hope it closes successfully.

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

@Cap White

There it goes...

Yes Cathy Craddock is VERY investor friendly and she will be glad to set you up with MLS searches. She works under Mike Walker & Associates. She was a presenter at last month's REIA/RING meeting and it was a great opportunity to hear from her.

Sorry, my @ member call out never works for some reason. 

As far as financing with a bank, it will depend on what your regular income and credit look like. If you can't demonstrate proof of consistent income this will be a challenge and I suggest you will likely have the best luck with small community banks. 

Do you have equity in your existing home you may be able to tap into as collateral?  Also if the new home you want is not on the market yet, have you tried to contact the seller about buying it before it gets listed?

@ Ean Savoy

Congrats on getting the agent license!

Hey @ Lee, I'm looking forward to meeting you next Tuesday at The RING / Baton Rouge REIA. Look me up if you make it and let's connect.

I like your desire to get into real estate investing. Hopefully you make the leap from desire to action, but posting about it here at least you've shown you're willing to take the first steps. 

Keep listening to those BP Podcasts. They're awesome and so educational as well as inspiring.

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

Are you mailing the same 10,000 leads once a month or splitting up your 10k leads over 6 months?

Don, check out Sean Terry's Flip 2 Freedom podcast. It's free and he goes into great detail on how to become a wholesaler. 

Also, come to our local meeting The RING / Baton Rouge REIA and sell me some of those wholesale deals!

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

Also if you call the BR Clerk of Court office downtown and speak to Glenn Fortune, that man is extremely knowledgeable about the system and he works very well with investors. In fact you can set up a free training with him in their computer lab and he will walk you through how to use the system in whatever way meets your specific needs. Great guy.