All Forum Posts by: Brian Van Pelt

@Andrew Lawrence

The type of system is called CRM Customer Relationship Management

There are many good systems out there . Inexpensive ones 95 per year up to 2000 per month.
Al require time to set up and learn . The more you want customized for you, the more expensive they are.

@Andrew Lawrence

When you can't lease a unit through traditional means.

@Caleb L.

Scroll towards bottom
https://www.biggerpockets.com/forums/93/topics/681698-astro-flipping-wholesale-contracts

@Tyrell D Bradshaw

Read this post to get a better idea why BRRRR is such a bad idea, especially in an Up market.

https://www.biggerpockets.com/forums/55/topics/727747-brrrr-method-downfall?highlight_post=4288518&page=1#p4288518

I've seen too many investors who "scale up rapidly" and lose it all in a real estate down turn. Or they have a short period of bad tenants and the who thing unzips because they get behind on their mortgage.

BRRRR works best when you are well financed in a rising market

@Rosanne Avila

There are many sites out there, that do the same thing , that offer :
. Multiple templates to choose from
. data analytics
. Lead capture
. automatic social media posting
. posting to targeted market mailings
. Interface with multiple RE platforms

I don't see these with your web pages, What sets your product apart from the rest ?

Most of thes sites ahve a price point of 19 to 29 for 5 properties

@Vincent Bess

You have to decide if your numbers still work out with an additional 3K in attny fees. If it does move forward, if it doesn't then pass.

Just curious
. Why wasn't it disclosed upfront that the seller did not have title to the property ? A simple cross check of the tax record and the seller name on contract would have revealed this.

@Tyrell D Bradshaw

Its the basis of the BRRRR investment strategy, For example

After you purchase and rehab a property and you have 100,000 in Equity in a property, you then get a loan on that equity, a HELOC usually for 75% of that equity. You now have a line of credit of 75,000 to invest in another property. The concept is to use the equity to purchase the next property.

The problem is most investors use a portion of the equity for living expenses or vacations  etc. and end up bankrupt or losing it all in the next market downturn.

@Terry Miller

I always Google a company name plus the word "scam" and check the BBB rating

@Shawn O'Brien

Yes you should worry if there are questions about the zoning and current use of a property. Ask for an settlement extension, Check with the local zoning board and make sure it is permitted for its current use. If not either ask for seller to bring it into compliance with current use, or refigure your numbers based on a SF 3/2. 

@Thomas Moran

Read this: https://jadeengineering.biz/the-real-truth-about-brick-veneer-cracks/