All Forum Posts by: Account Closed

@Aaron Wyssmann I did the same as @Eric F. suggested this summer. Seller got $25k at closing and the remaining $25k held in escrow. Took photos of the property with a date/time stamp the day of closing, and the remaining funds released upon a final inspection of the property / him turning over the keys. Worked great!

Starbucks?! ... Not nearly as much as my Bourbon "hobby" or my charitable donations to dancing single mothers :) Everyone has their vices. Whats the point of doing all this if you don't spend some of it on the things you enjoy? 

@Jeremy Williams Changing your spending and savings habits, that's a start. But outside of that statement, re-read what you posted and look at all the negativity!  "impossible", "I don't have many options", "only make", "only have" "i'll lose hope". It's good to be realistic about your situation, but to take a step in the right direction will require changing your attitude. "It is possible", "I have options" etc. Stop reinforcing the reasons why you CAN'T and focus on ways you CAN.

Like @Account Closed stated, baby steps. Maybe a 2nd job to pay off debt faster? Maybe get your RE license to get your foot in the door? What are you willing to do to make it? 

..and stay away from wholesaling! 

https://www.biggerpockets.com/forums/12/topics/380...

Good luck to ya man!

@Scott Scharl Theres a group on Facebook: REI Automation Squad - Podio with some wicked smart folks on it. Lots of Globiflow issues solved

@Steven Price jr Whats the thought process behind this?

Post card in the door works too!

I personally hate direct mail. If you can get ahold of them directly, do so. Use every means necessary. 

• Search the seller's name and city in google and see if any associated phone numbers come up (i found a seller's phone number this summer listed as a reference on someone's resume). 
• Use social media; If the seller's are older, try a website like Intelius to find younger family member to contact. 
• Go ask the neighbors! My last flip came after all other means of communication had failed, no phone number, no response to mail, no relatives on social media.. so driving by one day..i stopped and just asked the neighbor. Sure enough, he had known the owner for 40+ years..went inside, got me her number. Which brings me to my personal favorite
• For houses that i'm absolutely positive are abandoned..leave a bandit sign in the yard! "If you know the owner, please call me, i'd like to buy it. XXX-XXXX"  SOMEONE in that neighborhood 1. is tired of looking at that house and 2. knows how to contact the owner. 

@John Sherron Some folks like to submit offers upfront and see what sticks. I personally enjoy the art of negotiating. Let's say you've determined that your max offer is $60k for the house, you offer, they gladly accept. Win-win right? But what if they only wanted $45k for the house? You could've got the house for $45k and it would still be a win-win..but you didn't, because you didn't ask! Remember that "He who speaks first, loses." 

Get them on the phone, make your intentions to buy the house clear, and then..shut up! I don't mean completely..but don't launch into your elevator pitch, don't read from the pre-made script you have. Just ask questions you need answered and let them talk about the house. For me, the most important question being "How much would you be happy with selling the house for?"  If they decline and want you to make an offer, they're probably not that motivated to sell..so make your offer and if they accept, great! If they start above your price, negotiate until you're down to it, or below. If they give you a number that's below your price, great! You got yourself a deal.

6 SFH taken Sub2 from one seller all at once. Talk about a steep learning curve!

Santa gives them the year-round gift of reasonably priced housing! ..and If they've been good boys and girls, and paid rent on time he won't evict them ;)