All Forum Posts by: Jesse Kerr

Use a loan from them for rehab money or mortgage if they will do longer term loans.

I think it’s an advantage but reallt depends on the terms. F they lend at lower rates of say 6 percent or less, that’s great. If it’s 10 percent or more I can get that anywhere all day long.

@Jesse Kerr   you can go to the networking tab in BP and then search by zip code. If there isn't a meetup available, you should start your own. This is a great way to meet locals who share a common interest. 

Hello @Jesse Kerr! I asked some of the same questions and here is Anthony's response. He can of course chime in and add but I thought this might be helpful. @Anthony White

Anthony White from BUENA PARK, California

replied about 11 hours ago

Originally posted by @Kyle Neff :

What I did first was learn and listen to all the podcasts I could, especially on Bigger Pockets, now with a 5 and 1 year old running around and my wife need as much help as possible around the house, it’s not like I could ask for some quiet time and go to my study to read quietly. Haha

So podcasts were essential for me - grocery store shopping, on the way and home from work, taking my daughter for a walk - anytime I could find to listen, I did.

At first i came on bigger pockets to find deals, Redfin, Zillow, realtor.com all the different site have homes- it was just a matter of finding where in Memphis.

Then I called and interviewed tons of Property Management companies, I probably called 5-7. Just to express that i was interested in starting there, and what they offered and what their thoughts were on areas that would rent consistantly and safely.

Some great things did happen by chance - like finding my realtor Duane Kinnard, of Tri-Leake Realty, it just so happened I called on maybe 30 different properties. And left probably 60 messages. But the homes he listed- when I called, he picked up - not just once or twice, ALL THE TIME- and if he didn’t I’d get a text that he was busy and he’d call me right back - then we conversed about what my goals were and he is someone that was born and grew up in memphis, even bough he was young, he was hungry to make a name for himself and had deep roots within the community where he knew and could see things that have benefitted me. I have more great stories about that.

The Management story is a whole other thing, needless to say - I went to the Big company route - thinking it was safe and all the red tape tenets had to go through to get in - my property and my rents would be safe - but it didn’t work out - I lucked into another person starting up their own management business and now she manages all 15 of mine and 35 total. She is incredible!!!!

For contractors - my realtor Duane and My property manager have handled everything - I am in the middle of a rehab now, my biggest yet. All done remotely - and so far going great.

When it comes to a lawyer - the one I use again was set up by Duane Kinnard, Mr. Kim has been nothing but professional and I trust him 100% he has even helped me attain an LLC so I can begin that process of moving properties over. But it has been a blessing.

I also have a wholesaler @JasonHopkins Who sold me by first deal - on here that I sold for Double 8 months later.

Basically - when I was looking to build a team - I looked for people like me, just in their field - just like the teams I coached, I never got what I expected, I got what I inspected. Therefore, communication is key for me - I want calls, emails, texts, pictures, everything. I love being involved, because I’m not wealthy or rich - so every rent payment missed is felt and because my team is so young and hungry trying to accomplish their dreams too - they feel it too. 

Doesn’t matter in this case  what country .The total rent should be -atleast- 1%. of the total price paid for the property