All Forum Posts by: Account Closed

Glad to have you join BP.  Send me a PM if you have any questions.

Don't let fear be an issue. Think about it, if you send 500 yellow letters at 1$ each and get only 10 calls. You are paying 50$ per call.  Keep in mind that you still need to follow-up with more letters the following week.  You can see how it adds up to your costs pretty quick.  Your money is on the line here so don't let some random person intimidate you from getting it back and earning your deserved fee for helping him/her.

If you close 1 deal your assignment fee can cover all your marketing costs + a descent, if not a great profit.  You help the seller, you help the neighborhood from depreciating, you help the bank from loosing money, you help the buyer finding a good deal.  To me that's enough reasons to keep moving forward.

Remember...

ALWAYS answer the phone and create a follow-up system for your letters and people that call you (that's where money is made). 

Comes down to time vs money.

You could use one template and use a good copy machine over yellow pages.  Not sure if ink costs would turn out to be more expensive.

Iv'e also heard of people paying their kids to do it.  They're willing to take a few cents per page.

Welcome Carlos, you will find that Houston has a lot of great clubs and places to network.

Great to see you joining BP. I agree with @Doug McLeod .

As a wholesaler, not only will you have to deal with all the marketing and lead management but you would also have to understand part of the rehabbing world as well.  So there may be less risk and money involve but it can take more knowledge and time.

I would probably sell in your case but based on the little information that I know, I would make sure to understand what is going on in the area beforehand.  Does the property need any updates? can you increase the rent based on the market? Is there good rental movement going on?

Assuming the property is up to RENTAL market and has good movement in the area then I would stick a sign in the front yard, get a net listing for a flat fee, and have those tenants lined up.  

If you get an investor who would love a performing asset that does not need any repairs/updates, you may be able to add some value into your negotiation.  Heck, you could even go to a networking event and pitch that deal to a landlord and save all commission costs.

That is just one scenario, again you would have to know more information.

Going to RE networking events and talk to people.

Call - "we buy houses" bandit signs, FRBO's, FSBO's, Section 8 listings, etc.

Go to foreclosure auctions and talk to people.

Join investor groups on social media websites. 

On your straight cash flips you are looking at +50k spread on the good areas inside the loop.  Many builders acquire lots or tear downs and rebuild +500k properties.  

Kevin Smith I have never used him but I hear good things about him at investment clubs.  

His number is (713)858-1330.  You can google "Kevin Smith Inspector Houston" and he should come up. 

Hope it helps.

@David Y.

I would not be too worried about it.  When the economy starts to go sour typically rents start to go up.  People need to live somewhere.  When housing prices rise or when getting a loan becomes too difficult than rents becomes the preferred choice (just as Fred Heller mentioned, finding a rental became difficult in 2008).  The beauty about the Houston market is that it has a strong economy that does not depend solely on Oil/gas.