All Forum Posts by: Reggie Maggard

I LIKE THE ADVICE OF 'ZIGGING WHEN EVERYONE ELSE IS ZAGGING'. IM IN THE SAME BOAT THOUGH.

Do what everyone else wont.

Direct mail costs, requires money, and a strategic plan as you probably know. Do what everyone else wont.

I would call list source and see what they say. Maybe the filter was errant.

So I am buying my first 'distressed' property and I am buying it 'as is'.  I looked the house over and gave it my own personal inspection. Im just having trouble deciding on whether or not I should get an inspection before the closing. I told the seller i was buying 'as is', but have a clause in my contract. The house looks dirty but I feel about 90% sure there are no major big ticket items that will cost. Thoughts/advice? 

Hey I live down the street in blue springs, welcome.

I think I'm the analysis paralysis king. I have been so close to so many deals. I have bailed out after inspections or stopped because the deal didn't meet the 70% rule. I have been at this for about 18 months with no properties. 

Looking back at it I passed up some good deals (not great deals). I also think I have learned how to find better deals. 

This is just something you would want to look at from the investors standpoint. I would want some kind of guarantee, backed up with equity, that if things go south, I get paid and promptly. Now, that 'guarantee' includes a number of things (experience of rehabber/manager, data from city about the area, etc...). I think a real estate attorney might have good consultation as well. Good luck.