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All Forum Posts by: Eric Foster

Eric Foster has started 32 posts and replied 978 times.

Post: Kick in the Pants

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "dhinderliter":
... my mom is interested in buying near portland (i think an hour north last time i checked)...i don't think she's going to be able to go right away but i might have to look you up whenever she gets to that point...

...do you think working with family is a good idea?! :shock: shes handy and tough so hopefully with the both of us we can cut some of the "labor costs" out of rehabs...

An hour north.. Humm? An hour north of Portland would land you in Kelso Washington... Portland is only about 10 minutes to the Washignton border.

Working with family is a personal call... It can be done... but also can be tough.

Take care.

Post: Outlook Question...

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "4rmgt":
You might still have exchange set up as a default account. So go to Tools/Accounts then View/Change existing. See if you see the old work account and delete it.

The HELP files are pretty good in Outlook so might take a peak at that.

I will try that.

Thanks Again!

Post: Hello

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

Welcome to the group... it is nice to have you!

Post: Outlook Question...

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "4rmgt":
You have to set up a RULE to do that. These are really easy to set up. In Outlook go to TOOLS then RULES & ALERTS. Follow the wizard, it is pretty easy. I have it set up to do similar things.

I just tried that, but as soon as I try to click on "TOOLS then RULES & ALERTS", it tells me I am working offline and I need to connect to "Microsoft Exchange Server"...

I used to connect to our server at the office.

Sounds like I need a computer dood...

Thanks.

Post: Kick in the Pants

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "dhinderliter":
...this isn't a good time for me to get started but i know that there never will be....

You hit the nail on the head! (a little rehabber humor) You are right... there is no "perfect" time... I see you realize that and you are deciding to start anyway... That is perfect... Don’t worry, starting is the hardest part.

You can simply start and adjust as you go along...

I will leave you with this...
"When is the best time to plant a tree? 20 Years ago!
"What is the next best time to plant a tree?" Today!

Go get em!

Post: Email Buyers Lists

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "luckyBuysYuckyHouses":
...I have used email for quite some time now for my buyers list. I have gotten great results. It saves a ton of time and money!...

As for your question about where to find keywords, just google it. Theres a bunch of free keyword tools on the internet. Google adwords has one, too. I use wordtracker. They have a free version and paid and they are one of the best you will find.

Thanks for your input... I will check it out.

Post: Kick in the Pants

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

All you need to do is... Get Started...

Go for it... and ask for help as you need it...

Find a way to talk to motivated sellers, look at MLS all the time... Go to investing clubs and meet others...

Just get started and Best of Luck!

Post: Outlook Question...

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

Anyone familiar with Outlook 2003?

I am trying to set up an email folder so that all my email from Bigger Pockets will go right into that inbox folder...

Any ideas?

Post: Hello from San Antonio

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "wordbrd":
Love the video, Eric! Looks like you found a real diamond in the rough, or rather, the trash!...

Yea, isn’t that great? Sorry to say it wasn’t my video, when I watched it, it brought back some old memories...

Thought others would get a kick out of it. Glad you liked it!

Take care!

Post: How to offer a deal to owner before the auction?

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "newbie101":
...not sure what should be the steps to...
how to approach the owners,
what to offer them (for example: for a 300k property- if they have 200k already in equity, on average what should offer to them.)
how to valuate the property (actual + repairs),
how to search if there are other loans or not,
how to take over the loan.
and anything else I must need to take in to account.

Easy there... One step at a time!

First, you need to approach the owners... who knows what is really going on. Everything else can wait... so forget about everything else for now!

i.e. doesn’t matter "what to offer them", "how to valuate the property", "how to search if there are other loans or not" etc... None of that stuff matters right now unless first they will talk to you, and "if" they want to sell.

Step #1 is Fact finding with the owner...
Call them, send them a letter, knock on the door... somehow make contact with them. If they won’t talk to you, you will not be able to buy from them.

It may go something like this... Hi Bill, thanks for calling... (I like to say something open-ended like) "So tell me a little about what's going on"... This lets them choose what to talk about, with no pressure and it opens the door for them to “tell you the story”... Write it all down... and only ask questions when they are done talking... let them talk!

Make sure you get the info on "who they owe, and how much"...

That is a great place to start.

Also, I like to set an appointment to meet with them on the FIRST call. That way they feel something “is in the works” and they quit calling other investors. If they are anxious, I go NOW... otherwise tomorrow is best. That gives you time to do other fact finding on your own...

Go get em!