All Forum Posts by: Jason Eyerly

Hey BP,

    I was hoping some experienced folks could give me some insight on the possibility of doing PM and sales both simultaneously. I don't think I'd have an issue at the beginning, but rather when I start to increase volume. With increased volume is increased problems and a need for more solutions. When my volume is higher I figured my fiancee could work as my assistant to really ease my work load. 

    My thinking behind this is the PM would give me a more stable base income with which to budget my bills and living expenses on, while sales income would be more of a bonus to go towards other things like fixing my credit and saving for my own investment properties. What do you think? TIA.

Best Regards,

    Jason E.

Hey Folks,

New agent here. With some business cards in hand and only $400 left to my name before the bank is dry (I have some deals in the works that should give me a decent chunk of change here soon) I want to generate more quality leads. A lot of the Zillow/Trulia leads I get from my broker are dead ends. People never answer, act interested and then don't call back, use me for MLS info, etc. That being said, when you were a new agent:

• What did you find to be your most effective marketing stunt? 
• What do you think is the best marketing now for your money? 
• What would you recommend to a new agent?

Thanks in advance!

-Jason E.

I would imagine if you were buying a fixer upper at a discount, or something that needed some TLC in this price range, a 10% appreciation after your repairs wouldn't be too difficult to achieve.

 I salute you if you use this system! However, I need something that can be cloud based.

Quoting the article:

• Property must be able to be improved 10% during the first year (paint job, some landscaping, and other small things)
• Additionally, we will spend $4,000 on minor repairs and improvements to satisfy the 10% appreciation during the first year requirement.

Year One:

So, to sum up our portfolio after year one:

• Our loan is for $63,500.00 (approx.)
• Our value is at $110,000.00 (10% appreciation during year one)
• Our cashflow saved (from cashflow): $10,000 (Okay, technically $9,600. I like easy math.)
• Total Equity: $46,500.00
• Our total net worth: $56,500.00

Now, I just want to jump in here quickly and remind you: this kind of property doesn’t exist on every street corner. Is it hard to find these properties? YES. Is it hard to find these properties if you only need to find one property every two years across the entire US? I don’t think so. Moving on.

 Currently I have no CRM or anything. My broker said he is experimenting with a few and wants to get one implemented in December, but I can't wait any longer. I already cannot keep up with my leads, who I've spoken with, who I've left voicemails/e-mails etc.

Thanks, everyone!

If you're in a liberal state, I'd get your license. Although some of these fines are way cheaper than getting the license which they supposedly didn't have, thus being the violation. How does that make any sense?

BP!

    Referring to Brandon's Article HERE, he says we need to buy a property that we can instantly appreciate 10%. How would even estimate or figure out if this would be possible with some minor TLC (paint, carpet, etc)? Also, what constitues as "minor cosmetic"? TIA.

-Jason E. 

The worst that can happen is they say no to the offer. I'd throw it out there and if that happens go back and look up some tips/strategies on offering on a short sale. 

If you could get everything done for $88k, and rent it for $1,100/month, that's a 15% capitalization rate by my calculations, which is pretty good. You'd be getting a 1.3% return monthly on your purchase price, which is good depending on market location.

Don't forget that a refi will require seasoning! I'm not familiar with the BRRR approach, but I'm reading up on it now. Thanks for sharing!