All Forum Posts by: Tom Keith

@Deangelo Mack, Hey there, Do you mean that you have found a FSBO property on the website of Zillow, etc. and you want to contact them directly? If the property is a true FSBO, then there would not be an agent to contact, and if it is not you would put them in violation of the contract they signed with the agent. There are sites available list properties that are FSBO.

@Stephen Benson, Hi Stephen. Sorry to be so late.  I am not aware of that many property managers.  I thought Premier might be of help and the two other sources came up empty as neither had ventured into the management area.  I think Steve Ferguson and mostly Reliable is your best bet so far.  If I do hear I will surely let you know.  

@Karen Shirk. Forgot to tell you. We meeting on 3rd Monday of each month at this time

@Karen Shirk Hi Karen. Our group is based off of Meetup.com like most others. There is no fee to open account and you can look up by interests. Real Estate. We are the Longview Real Estate Investing Group. Join the group and you will be kept up with all the action.

@Matthew Miller Hello again. I talked with my contact who I thought had gotten into the property management side of this business and found he stayed the easy route of being a realtor. He works for a long term broker by the name of Pat Noon at Noon & Associates. Pat has been managing other peoples properties for many years and as far as I know carries a good reputation. You might seee how he fairs on reviews. Keep me in the loop and I will check some more for you.

@Ezekiel Racelis I am hoping you are taking to heart the investors who are trying to tell you that this might not be a good BRRR or buy and Hold. For several reasons like Jeff Sechrest and repair numbers, the actual honest to goodness numbers used to find the cash flow that are not canned. the fact that you dont have good comps even from the Realtor that is a property manager?? And your downplaying your renovation cost while up playing your rental income. Two great ways to get in the negative real fast. One of the items I have found is if this is your first venture then you should double the renovation expenses for those things you have not thought about or find are not what you thought they were. J.Scott’s first book here explains the reason for doubling the renovation cost as newbie so if it works that way you will have a much better chance of coming out in the black. One other item is your estimated property taxes. I wonder if you are using the tax rate you will have as an owner occupant instead of the rate you wil have as an investor. Here in Texas you do not receive any discounts or credits for a home you do not occupy as your primary residence and the difference is monumental. I would suggest you take all the reasons you have been given for it not being a good deal for rental and Really look at them, take the emotion out of it and find the True numbers, then if it works go for it. No one here is trying to steer you into a bad deal or give you advice that will hurt you, We are not guru’s and have no motives other than assisting you to make your deals work in the best way possible. Get another non biased knowledgeable look at this property before you make a decision that could hurt you down the line. Best Wishes and Thank You for Your Service to us and our Families.

@Matthew Miller I have a couple of contacts that I will check with. One is a company that does a lot of their own but they are a respectable company. Premier Management.   I want to check on another to see how they are doing and will let you know 

@Louis Collins. Hello! Yes, it is hard to calculate rents without comps so you might get on rentometer.com and search your area. Look around and see if there are any multifamily dwellings and contact owner or PM and talk to them about rents. Rentometer will try to show you properties that are currently rented and their value but as always take it as a rough comparison like any other national online company focusing on small towns. Now, one or two last ideas. Go on city-data.com and search your Community. The info will be one to two years aged but will give you a mountain of information. Finally, check out the Meetup.com app and start a free account, use real estate investing as your interest and search for clubs. You will probably find the one I Asist, Longview Real Estate Investing Group. And Roger Paschal’s East Texas Real Estate Investment Group. I believe there might be a group in Texarkana. But I welcome you to Longview. We are a no fee no push group and I try to bring quality speakers each month. Oh by the Way! Welcome to Bigger Pockets!!!you have made it home.

@Brett Wagner we have a REI GROUP in Longview that meets on 3rd Monday of each month. We have been meeting at Golden Corral but looking at Jason’s Deli.

@Brett Wagner don’t forget about the webinars and the book store on BiggerPockets. It has some great reads