All Forum Posts by: John Hyatt

Hi Kevin,

I am not sure your current situation (credit score, own a house or not, etc), but what I personally have done in the past is when I was going to school I borrowed the maximum I could in student loans at low interest rates and purchased a couple of properties. I used the excess of the loans to pay the mortgage and my job. I know what some people do is have a credit card as an emergency fund, I see citi has one out at 0% interest for 21 months! You can have more than one credit card, of course if you cant handle loans well then I wouldnt recommend this. You can also get a HELOC if you have a house to invest or a portfolio loan.

-John

Hello, 

I just wanted to share my success in lowering my monthly bills this year! I hate monthly bills, especially the ones that I cannot pay off (reverse passive income). I have very minimal monthly expenses and always pay for things up front when I can. That being said every year I try to negotiate new deals or find ways to save money on monthly expenses. I just got off the phone with my internet provider and reduced my internet bill from $75.72 a month to $30.93 a month for 15 minutes worth of work (10 minute hold time)!! I called the loyalty line and said "my brother lives down the street and is paying $35/month for internet", which is true! and they said they could offer me a rate of $30.93 if I do autopay (which I prefer anyways). 

Another thing I did was have my A/C coils cleaned and repaired along with a leak being fixed for $300. After a little less than my first month I went from $321.26 to $286.77 ($34.49 savings) and that's during the hottest month. 

Next I will work on my cell phone bill! If anyone has any other ideas on how to cut bills I would love to hear them. 

Thank you in advance! 

-John  

Hi Stephen,

When I worked for Equity Residential we would keep the ID's in a file and then after 3 years it would be sent to an offsite storage for a few more years and then shredded. That was nearly 6 years ago...before the big push to go paperless and CFPB. The main reason was for auditing purposes and to show we didnt discriminate by only asking a couple of people for ID's (along with several other documents). It was different for us though, because we worked for one of the largest corporations and they were concerned with safety of those showing units. It was mostly women showing rental units, so they requested the ID and kept a copy in the record for safety reasons, not so much financial reasons. Hope this helps.

-John

Hello,

I am looking for an honest critique of my post. I have what I believe is an amazing offer for truly passive income for experienced or non-experienced investors and I haven’t gotten any responses or leads. I am wondering if it is the post or the deal or me? any thoughts would be appreciated. Essentially, why would you not be interested in the deal? Or why would someone that this would work for not be interested in this deal?

http://www.biggerpockets.com/forums/517/topics/217726-118-500-property-for-sale-with-a-tenant-buyer-contract-in-place-for-139-900---3-year-term---get-in-with-20-down-around-25k-with-closing-costs

and this was my first post, I thought it was not drawing attention because of the title, but I got more views on this one then the second post above:

http://www.biggerpockets.com/forums/517/topics/216714-passive-income-producing-property-for-sale-with-equity-arizona

Thank you in advance!

Wow that’s insane! Actually quite comical and upsetting at the same time...I am not sure if I am more upset with the police officer for actually calling or the lady for wasting the police officers time. Tax payer money at work, good to know all the crime has been taken care of so they can now focus on direct mail campaigns that follow the law.

FOR SALE - Passive Income. Phoenix. Wholesale price $118,500 to you, Under Contract for $139,900, Rents to the current buyer for $900 per month, Current cost for principal, interest, tax, insurance, and home warranty $665.

Facts:

-Houses are under a 3 year contract or less, longer contracts are available too.
-Buyer-Tenants have been carefully selected and have significant “skin in the game”
-We manage property up through closing
-All Houses have Home Warranty’s, Buyer-Tenants pay for service calls
- We are constantly reinvesting the money in more deals in case you are interested in more than one
-You can purchase with all cash instead of loan if you prefer
-Addresses have been removed to protect the Buyer-Tenant

I can send you pictures and more detailed information upon request.

Thank you for your interest!

-John

 Thank you all! Tim, thank you! I was looking for apps on because I didn't know of another way. So it sounds like you have already figured it out. I will check out Twilio! Thanks again

Hello,

Current Situation: We got a new phone through Verizon just to take calls to track our marketing efforts. It currently cost around $31/mo with taxes, fees, etc. We are using the number for Zillow to track the calls we get from Zillow. We have now started to send out Yellow Letters, Postcards, and Door Knocking handouts. We also have bandit signs that we put in the yard and around the neighborhood, real estate signs, and flyers on local poles. We are using two Google Voice numbers to track all the marketing from all the aforementioned marketing efforts (minus Zillow).

What we want: We are looking for a way to have several local numbers so we can track the efforts of each marketing campaign. It would be helpful also to determine what line they are calling. For example, we would need around 7 local phone numbers and if we go through Google Voice when we answer the phone we would have no idea where they are calling from until after we take the call and look it up (time consuming and not as helpful). When we geta call from the Zillow phone we know immediately what to expect and where they are calling from…the only problem is that it is expensive and we now have two phones instead of one. In a perfect world, we are looking for an app or some way to get calls to one number funneled through several numbers and allow us to know where it is coming from.

Possible solutions: There is an app called “flyp” that seemed perfect for our situation. There are a couple of problems though: 1) I have no idea how to contact anyone in case I have a question or want to cancel, etc. I searched their entire website, couldn’t find any contact info. 2) The numbers are not local…I typed in three different Arizona zipcodes and the closest one they could find was Tucson (2 hours away). 3) They charge per line and only allow limited amount of outbound minutes, which would mean that I would have to call back from my cell phone (not a problem if qualified lead I suppose). I looked at several other apps and couldn’t find anything that fit what we are looking for, Flyp included since we need local numbers.

Help Please: Any ideas? Or if you do not have any ideas on how to solve the phone situation, could you possible advise on how you track different marketing campaigns?

Thank you in advance!!

-John