All Forum Posts by: Carlos Cockman

I am looking for some good training material for starting out with wholesaleing. Bigger pockets is a great wealth of information but I am looking for soething like a book or cd that I can get step by step instructions.

Thanks for your advice. I have looked at other houses in the area. The house very similar to mine right next door sold for $145000 about a year ago and needed a new hvac and carpeting but everything else was ok. All other homes in the area are less in sf and have sold for about $140000 for the nicer and $130000 for the ones who needed some work. There are some other homes a few miles away with the same sf and in better shape that sold for about $150000. I could drop the price to $129000 and offer a 3% buyer agent commission and still be able to payoff loan. Does this sound feasible? What would be a good company to go with to list my house on the MLS?

Also what kind of advice do you guys have for marekting an FSBO

Looks like the comps are around $130000 to $150000 with the avg. $ per square foot at $65. The house is not in bad shape just needs some cosmetic repair maybe cabinets and countertops in the kitchen and bathroom and the laminate is about to need to be replaced. I have the house priced at a little less than $61 a square foot and have a little bit of wiggle room.

I can drop the price about $8000 to payoff unless agent's commission is involved. What do you think I should do? Lower it some more with a little negtiation room or take it to rock bottom and be firm on price? Or should I list it on the mls and pay buyers agent 3% commission. If I do this option how would i list it on the mls. Thank you for all of your advice.

The feedback I have been getting is that it needs more work than people want to do and the only warm prospect could not get preapproved for a loan.

Hello all. I have had a 4br/2.5ba house on the market since 10/09 with no offers. I originally had it offered through an agent who basically just stuck a sign in the yard and put it on the mls. I had about 15 people see the house but no offers. The house needs to be updated but all in all is in pretty good shape. I am now trying to do an fsbo with not a whole lot of luck. I am in desperate need of selling this house fast because of my wife's recent job loss and if she doesn't find a new one fast we will start falling behind on payments. Here is some of the details about what I have had it listed for and a strategy I have tried:

1. I had the property listed with an agent for $139900 and then reduced to 136900 and now with an fsbo at $133900. I am a little bit more room to go down but not much
2. I have also placed ads for a two year lease option for $139900 with $5000-$6500 option money and $1050 a month with $250-$350 a month credit but with no luck so far. Market rent in the area for this house is about $850 a month.

I really am just looking for some guidance and believe that this is the best place for it. What kinds of low cost no cost marketing works the best? How should I word the ad? Am I going about this the right way or not? Is there any other strategies that could help me out? Any advice would be appreciated.

Thank you,
Carlos

I am just starting out in REI and would like to know the best way to become an LLC in the state of Arkansas. I am wanting to invest in rental property and I believe an LLC would be the best way to go. Also does anyone know of a good real estate lawyer in the Hot Springs or Little Rock area?

Hi all,
My name is Carlos Cockman and I am about to take the plunge into REI. I am in the process of looking for my first property. My strategy is to find a good single family home or duplex to buy and hold. I want to start off with 1-4 unit buildings for a few years and then go up to apartment complexes.

I am also wanting to do one flip house a year.but I plan on getting my feet wet with rentals first.