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All Forum Posts by: Rod Hanks

Rod Hanks has started 8 posts and replied 569 times.

Post: New Member from Texas

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

Welcome Brenda, I live in Cedar Hill and work all over DFW. Deals are everywhere. This site has everything you need. Feel free to connect anytime.

Post: Newbie from Mansfield TX

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

Welcome!!! I'm in Dallas Area also, please feel free to connect.

Post: Investor in the DFW area.

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

Welcome!!! 

Post: Becoming A Real Estate Agent In TX

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

Check out Champions School of Real Estate. You can do it all online.

Post: If OpenDoor goes big time, will it wipe out the little guy?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

Wipe out the little guy? Not likely...wipe out the guy who reads a news article on a new competitor and calls it quits? Very likely. Competition is good news in my market...it just means there will be more deals to buy when they fail. The hedge funds are so eager to buy when they enter a market, they overpay. Then its just a matter of time before the fire sale starts.

Post: Does an older house need to be rewired?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Talk to an electrician and an insurance agent in CA. In TX most insurance companies won't insure buildings less than 200amps.

Post: Was Walking Away, Grew a Pair... Then Went Back

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Great Post! When I first started in sales my manager told me the "no soliciting" signs just meant come on in.... Turns out he was right because we made quite a few sales going door to door.

Post: Help.. Struggling to rent first investment property

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Originally posted by @Katherine T.:

Hello BP, 

I bought my first property in Pelham, Alabama September 2015. I am still holdiing it and now I am getting quiet discouraged and almost doubtful of investing via rentals. The property is marketed in Craiglist, multiple MLS, signs on the property/ neighborhood etc. At first, I gave the lack of tenant to the slow winter season. Things are picking up now, more traffic but no serious takers. I have since dropped property from $1050 to $925. This is the fair market value to like homes in the location. The property is in good condition. Its a 3b,1.5 b in a section B neighborhood. I have considered section 8 and I just called our local county to enquire of requirementts. I have put plans was to move to property 2 on hold until I fill this one. Is winter a generally slow period and if so should one avoid buying investment rentals at this time? Any suggestions/ tips/comments will be greatly appreciated.

 You have a lot of great ideas in this thread!!! Usually price is the problem. Take flyers to your local Section 8 office, put up directional signs in the neighborhood, put an ad in the local penny saver newspaper, talk to the neighbors. Don't stop until it's rented!

Post: Jack from texas

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Welcome to BP Jack from Texas! If you can target fsbos you will make a killing...

Post: Dilemma , please help

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Keep reading and keep learning. Connect with a local investor in your area. You cannot get a loan with no job no money and bad credit. Generate an income first by bird dogging for another investor. You will learn from the ground up how to be an investor and then graduate to different types of deals. 1. Bird Dog (no money needed) 2. Wholesale 3. Rehab Flip 4. Buy Hold