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All Forum Posts by: John Barr

John Barr has started 8 posts and replied 75 times.

Post: New Member from San Antonio, TX

John BarrPosted
  • Investor Agent
  • San Antonio, TX
  • Posts 79
  • Votes 210

@Jacob Calbillo

Welcome to Bigger Pockets! A lot of great information on the site.

I have been living in San Antonio now for three years with the last two being in real estate.

I am a licensed agent and an investor and focus only on the buy and hold strategy. In the last year I have helped multiple investors purchase rental properties.

Feel free to reach out to me if you have any questions. I am always happy to help

Post: Building an investor brokerage

John BarrPosted
  • Investor Agent
  • San Antonio, TX
  • Posts 79
  • Votes 210

@Sherry Patterson

Hey Sherry,

I am an investor agent based out of San Antonio. 

Check out stepstone realty. That is the brokerage that I hang my license with and we only focus on investment type properties.

http://stepstonetexas.com/

Dan & Angie both have taken a different approach to real estate brokerage. You should check them out. I know they also partner with other brokerages as well.

They currently have 90 agents across Texas.

Post: Tertiary Markets

John BarrPosted
  • Investor Agent
  • San Antonio, TX
  • Posts 79
  • Votes 210

@Thomas Cheek San Antonio is currently in a situation the rest of Texas was three years ago. If you follow the real estate markets of Texas you will find that San Antonio follows what the other cities have done. Usually by two to three years.

A vast majority of San Antonio has seen a sharp uptick in rental prices with values slowly following behind. Which presents a great opportunity. So much development has been happening in the other major markets right now many companies are looking to San Antonio because of keep prices for real estate and well as labor force. 

Here is an article that was recently done that says that San Antonio prices are expected to increase by 26% over the next three years.

http://www.thealternativedaily.com/cities-invest-in-real-estate/ 

The rental market is where my company focus and we only deal with cash flowing properties. If you would like some more information about opportunities please feel free to reach out.

Post: Phil Grove

John BarrPosted
  • Investor Agent
  • San Antonio, TX
  • Posts 79
  • Votes 210

@Paul Felix,

I sure hope you spend as much time working on yourself as you do complaining about someone else success.

First peace of advice would be to educate yourself about something before your try to talk bad about it. Like David mentioned you are not going to be able to search county records for an investors name as the majority of their portfolio is going to be under entity names. All of my properties and held in trusts that are owned by separate LLC's.

Second, the reason that an investor can't tell you what is working at the this very moment is because marketing pieces for real estate have a very short window of effectiveness. If he told you exactly what it is that he is using then everyone would start doing it and next week he won't be using it anymore. REI marketing is a tricky piece of the puzzle and is the part that every person must be creative and do them selves. Here is another thing just do the marketing, Everything thing works to a degree. Its up to you to convert the leads.

Third, I have attended Phil's VIP weekend. For a $1,000 you get a very fare share of education. Yes there is a big training course at the end but just like college, education isn't free. Have you ever broken down how much a college education cost you per hour in this country? It's not cheap either. Phil and Shenoah have a VERY faithful following and spend A LOT of time and A LOT of money on doing their own real estate and providing training to the next generation of investors. What is really frustrating about your post is that you seem that you are new to REI and you think that just because you spend $1,000 on a weekend course that you should be the next Donald Trump. I'm not going to lie that I am a little insulted that you think it is that easy. If it was then everyone would be doing it. It's sad to see that just because you have found someone else that has been successful in this industry that you think its OK to get on a social blog and talk down on a program just because you haven't had the "over night success".

Lastly, There are a lot of "GURU's" out there. Some good some bad. When it comes down to it (just like College) it's all about how you apply the knowledge that you have gained that make you successful. Are there ways to became successful in this industry without paying a "GURU" sure but what you don't see is the amount of opportunities to make money that you miss just because you don't have the knowledge.

I can personally attest to the success that Phil and Shenoah's Bid Dog program can bring. I signed up for their program over a year ago and in this last year I have made my money back and then some. I have also quit my corporate job and am well on my way to escaping the "rat Race" that the traditional go to college, get a job, and save money for retirement mentality. Everything that they say there program does and they do follow through with.

Best of luck with your endevour but you might not want to be to quick to talk down on people just becasue you don't think it is fari. It's not a good practice.

Post: Creative investing on the low end homes

John BarrPosted
  • Investor Agent
  • San Antonio, TX
  • Posts 79
  • Votes 210

I currently live in San Antonio, TX and for those of you that are unfamiliar with the market here we have a VERY large below average and low end market. 

I have been an investor for about a year now and quite my job about two months ago to pursue REI full time. As my business partner and I really started to study the market here in SA we noticed that the low end has a huge amount of potential.

As the market has been getting much more competitive we have started to see a shift in the leads we are getting moving to the low end. So we figured this was a perfect time/market to start learning more innovative strategies for these area's.

Our favorite strategy that we have started to focus on is seller financing and Sub-To deals. We also have started researching selling off partials of notes to recoup out initial investments.

My question to the BP community and why I put this in the innovative strategies is. What are some of of the other investors favorite strategies for low end housing?