All Forum Posts by: Max Keller
Max Keller has started 1 posts and replied 52 times.
@Lorina M. Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content.
Post: Just woke up to the power of RE Investing!
- Bedford, TX
- Posts 53
- Votes 14
@Bryan Coward Welcome to the Site Bryan! Good luck on your Real Estate Investing journey. Since you are new to REI, check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
https://www.biggerpockets.com/blogs/10749/72243-why-do-you-want-to-flip-houses
Post: Newbie from Tupelo, MS
- Bedford, TX
- Posts 53
- Votes 14
@Peter Vance Welcome to the site! Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
https://www.biggerpockets.com/blogs/10749/72243-why-do-you-want-to-flip-houses
Post: On my way to Financial Freedom!
- Bedford, TX
- Posts 53
- Votes 14
@Matt Floyd Welcome to the site! Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
https://www.biggerpockets.com/blogs/10749/72243-why-do-you-want-to-flip-houses
Post: Newbie from South Jersey
- Bedford, TX
- Posts 53
- Votes 14
@Rob Anderson Welcome to the site! Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
https://www.biggerpockets.com/blogs/10749/72243-why-do-you-want-to-flip-houses
Post: Got My First House Under Contract Today! Next Move? ...
- Bedford, TX
- Posts 53
- Votes 14
@Wayne Brault, my pleasure, let me know if I can help!
Post: Got My First House Under Contract Today! Next Move? ...
- Bedford, TX
- Posts 53
- Votes 14
@Wayne Brault
Great job Wayne! I remember my first deal, and I ended up wholesaling it. I am so glad I did, when I started, I did not have the background I have since developed. The cash conversion cycle is essential. The faster you can turn your money the better. What I do is I calculate the estimated profit I would make from a fix and flip. Let's say I would make $40K. If I can wholesale the house for $20K, I will do that all day. There will be other houses and the return on time invested is much much higher. You only get so much time. On my first wholesale deal, I did what you mentioned, and I spent a small amount $2K fixing the house up to make it more appealing. Sadly I think I wasted my money. It depends on who you are selling the home to. If you are wholesaling to someone with experience, you don't need to fix it up in my opinion. Good luck.
Post: How did you start? Where do you suggest I start?
- Bedford, TX
- Posts 53
- Votes 14
@Daniel Hernandez
Great advice from everyone so far. I like to start with the end in mind. Everyone has such a different background, active income, goal timeline, etc. Are you going to manage the property yourself? If so location is critical, if not you can buy a house anywhere in the country if it meets your requirements. There are some great Realtors on this site so that should be a great start. Good luck on the journey. What are your long-term rental property goals?
@Allison Massey That is the crazy part about potential pitfalls; they are hard to see ahead of time. Sometimes even after someone with experience would warn me, I would still need to make a mistake for myself. I think the key to doing this business well long term to avoid the BIG mistakes.
My VA was calling estate and garage sale advertisements and sending some follow up texts. I think the level of activity was too high so google flagged the account as business activity instead of personal use. In the rules the phone number could not be used for business purposes. I was able to get the number turned back on the morning the postcards mailed out :/
After that I decided to make a small investment in a online phone number system so that no one would take the numbers away again.
Then when the mailers dropped I had a bunch of mad people call me. You will get thick skin quickly.
Originally posted by @Allison Massey:
@Max Keller How/why did your google voice number get disconnected? I'm working on setting up my first direct mail campaign and was planning on using google voice for the phone number. Interested to hear what went wrong there, so that I can avoid that...
Good luck @Mark Montagna, Jr. , I'm fumbling through my first direct mail campaign, as well. I hope to hear how yours turns out.