All Forum Posts by: Brian Haskins

Your printer cant handle paper that thick. Its definitely not worth doing it yourself especially if you consider your time try www.click2mail.com they will be cheaper than any mail house and you get bulk mail rates no matter how many postcards you send out.

Brian Haskins

Well in most cases if its headed into foreclosure they will need to be discounted or a shortsale done on them to get enough equity to make a profit. I recommend to all my new students to stear clear of foreclosure because you don’t want to get involved and try to flip this house and have the lady rely on you and then if you can't get it done and she losses the house its bad news. If you want to give it a shot make sure your upfront with her and don't tie the houses up under contract unless you will close on them. I would suggest if you haven't ever done a shortsale before, try to team up with someone that has and split the deals with them.

Brian Haskins

Wholesaling is a great way to get regular income but they say to buy rentals to build wealth and then roll that into commercial. I don’t think it’s the best way to go for everyone because I despise rentals. If you want to get into commercial try wholesaling it.

Brian Haskins

I would average the two and add in a few more. Go with an average of as many as you can and hope like heck they are close enough.

Brian Haskins

I'm not sure what area your in and the price varies I can get a complete repair done for about $900 but that’s a really good deal. I'm sure you could get a complete replacement for about $1,000. I think that would be your best bet but you wouldn’t need to until you sell the house if you didn't want to. Its a matter or personal preference.

Brian Haskins

Your correct but you need to be in control, you cant work with an agent like that. You need to train someone that is on your team or yourself needs to be the agent so it gets done your way. Agents minds don’t wrap around what you do as an investor in most cases.

Brian Haskins

I would suggest buy more units and do what you did with your other unit and in the mean time try wholesaling. It will make you a lot of money in the mean time.

Brian Haskins

Not sure what kind of deal your doing here if it’s a retail house or wholesale deal. If your getting a loan they will probably require an appraisal if you don’t get a loan then its up to you. If you aren't familiar with the values and cant run your own comps then yes it may be a good idea.

Brian Haskins

If its in there and you live in a deficiency state they can come after you. Its your job to negotiate that out.

Brian Haskins

Well congratulations on taking action my question for you is why if you have no money would you consider reo's? you have to put deposits down and possibly fund the deal. And with pre-foreclosures your in most cases going to have to work a shortsale. Is that what you plan to do? If you want to wholesale and don't want to put any money out of pocket you need to consider dealing with homeowners with equity. trust me there are tons out there contrary to popular belief. go after motivated sellers like tired landlords, probates, recent evictions, code violations ad so on. when your wholesaling you have to find people with equity that's the name of the game so you can buy them under value and flip for a profit.

Brian Haskins