All Forum Posts by: Kevin Brown

@Ronald Luangsisongkham

You just need to buy the first one. Im not saying just jump in head first, of course make sure that your buying it right and its a rehab you can handle but at the end of the day, you need to jump in. I bought my first rental at 21, im 24 now and have a couple more but it all starts with one.

@Amanda Fox

My goodness, I can tell you about panic. Cant tell you how low Ive been at particular points. But all that does is make it tougher to be successful.

New rule. People who want to bicker back and forth, can go away. No one cares. @Isaac Zaleski

@Account Closed

@Lamar Cannon

Nailed it

@Amanda Fox

ok so theres already like 40 other posts, so I didn't read them all and maybe someone else suggested this already but heres my 2 cents. Trial and error, gotta find what you are good at, and what works for you. Your going to get different types of leads from each different piece of marketing. Personally, I found that Im good at working with probate/ estate properties. For this reason, I scrapped several other forms of marketing and I focus mostly on probates. Ive re written my letter several times, and each time my response rate changes. I am FAR FAR FAR from being a consistently successful investor/ business owner but that said, Im much more consistent and profitable then I was when I started out (almost 2 years ago). I cant say throwing up a billboard is going to hit a home run for you, but I cant say it wont. Try different things, find your niche, and DONT PANIC.

@Alison M. Generally I like to go through my offers with the seller line for line (I use a standard Texas Real Estate Contract) and for the most part, I never ask for an option period. Once they realize my offer is all cash, no option period, and I can pull up my proof of funds from my phone, they know Im a real buyer and Im not going to just walk away if I cant find an end buyer. What are you doing for marketing?

Im starting to think some sellers are wising up to the differences between actual buyers and wholesalers. The last 3 sellers Ive worked with have noted the differences between my offers and some of the others they've received and made a point of telling me that's why they chose mine. I also feel like putting a deadline on an offer, or saying something like "Oh, Im sorry, I thought you wanted to sell your house, Im sorry.. my mistake" only makes you sound like a used car salesman... Id much rather be polite and patient, when they want to sell, they will sell to me.

@Serdar Tuncali

Im in the same boat as you with regards to marketing to a price range. I spend the time to create lists that don't include houses out of my price range. Usually using the tax rolls, as a general guide.

This might be a crazy idea, but what about calling the bank yourself? Speaking with the manager and explaining to him that your a qualified buyer, and what your plans are for the property might calm him down? I mean, if he knows you can and plan to keep paying the note wouldn't they be less likely to call it due?

Piers are ONLY used in slabs. Pier and Beam foundations usually require adjustments instead of new piers because the house itself sits on the beams, and the piers support the beams. When a slab drops in a particular area, the most common way to lift it is the dig through the slab, insert piers, set them, and re pour the concrete.

Are you a new investor here in DFW? Would be cool to chat a bit about the business.