All Forum Posts by: John Horner

You want us to tell you what you should do with your life?  That would be like asking a stranger at a restaurant to order your food for you.  Everyone has different tastes, motivation, risk and pain tolerance, etc.  

You need to continue researching RE and find out what aspect of real estate is most attractive to you, then learn everything you can about it and start taking action!

Good Luck!

"If we wait until we're ready, we'll be waiting for the rest of our lives."

Get out there and take action.  You are a website designer, create a We Buy Houses website and start driving traffic.  Stop waiting for someone else to show you what to do. There is so much information out there you don't need someone to hold your hold.  Listen to Sean Terry's podcast, and Michael Quarles, and Mark Evans.  They all have great podcasts that are both educational and motivational.

You have the benefit of being ignorant, you don't know what you don't know, you won't be able to use that once you start making deals.

I screwed up the first 5 deals I did, but I still got them done.  Doing things wrong is how you learn to do things right.

Sorry not trying to be harsh, just sounds like you need a boost to get you going.

Depends.

Is the ARV from solid comps or something like zestimate or auditor?

In Columbus, anything in a neighborhood that has an ARV of $47k, I would have to be in contract for $10k or less, and that depends on how extensive repairs are.

 Ok that makes complete sense now.  Yeah A++ neighborhoods don't make good rentals here in Ohio.  Even at a substantial discount the property tax would eat you alive and result in negative cash flow.

 Here you go Hattie, this is what I expected to hear from someone.

What kind of marketing are you doing when looking for leads?  Maybe you need to tweak your marketing a bit go get the deals you want!

I am looking to partner with a current wholesaler in Columbus, OH.  Our marketing is providing us with more leads then we can work at this time. This person needs to be familiar with working leads in the rougher neighborhoods in Columbus.  We are paying for all of the marketing and pre-screening the leads as they come in.  There simply isn't enough time in the day for us to work all of the leads.

PM me if interested!

We only have 4 channels, so I thought I'd list them all in order!

1. Webform leads from our websites

2. Direct Mail to absentee owners

3. Craigslist

4. Other Wholesalers

The first thing I did about a year ago was create a website on wix.com, it costs $25 setup and $10/month.  I then setup Google adwords and Bing adcenter to drive Pay per clicks to the site.  Within a month I had my first motivated seller, got it under contract and sold it to a cash buyer for a substantial profit.  At the same time I hand wrote 250 yellow letters and sent them out.  I did not get any deals from the letters but they provided a GREAT education in talking to sellers!

 So you've done your own marketing for motivated sellers and didn't find anything below market value?  

I disagree with #3. If you only buy off the MLS, maybe. I only buy unlisted properties brought in by our marketing, and we have had many move in ready's at well below market value. Not many investors know it but $2,000 spent in marketing would easily save you $20k off the purchase price of an investment property.