All Forum Posts by: Michael Garrison

I love my Realeflow. 

Lease Option. Make the 600k the option consideration, Make sure to add your assignment fee into the condideration so that you get yours up front. You just be the meat in the middle.

 Look, there's nothing wrong with putting the house under contract and trying to market that CONTRACT to an investor. You would be providing the seller a service. But, here's the thing, allow the seller to be able to bring their own buyer if they should so choose and can find one. You can release the obligations of the contract if they do. However, What I see in these cases is that they are NOT marketing for a buyer and cannot afford to nor do they want to list with a realtor who may or may not be able to sell the home for them. So are realtors doing a crappy thing too? They are tying it up and might not be able to sell. Hmmmm. I somehow think not. But they probably wouldn't allow them to drop the listing and get their money back. 

As far as flipping, there is ni way that a real estate license will hinder you. The two most prominent flippers in my area are realtors and are absolutely crushing it. I don't know why anyone would think that or tell you that. Maybe you can elaborate on that for me.

The thing behind all this is to do right by your sellers. Your reputation WILL begin to procede you. Good or bad. Help them out. You can't REPRESENT the seller in a deal but you can do the right thing.

Yep, its really a sad state of affairs when you can't recommend one contractor to do something as simple as hardi board replacement.  Lol. But that's what its coming to around here. No one wants to work. And the ones that do are swamped. I have no recommendations,  sorry.

I only pay my bird dogs for Leads that generate income. Saves me the hassle of chasing down crappy Leads that aren't really Leads at all. If I go to closing or I wholesale the property I pay $500. That also is the problem of worrying about w2 or 1099. If I go to closing or I wholesale the property can I pay him $500. Tis ends the problem about w2 or 1099. 1099 all the money they get.

 Although I have some associates that have totally crushed the wholesaling game in their first year i was not one of them. It took me that long to do a deal that was really worth while. Wholesaling is hard and time consuming if you are going to do it right. Its not just getting a house under contract and finding a buyer. Theres a ton of research that goes into each property to make sure youre actually getting a deal and that your actually passing along a deal.

Direct mail or putting out bandit signs and networking takes a huge amount of time, effort, dedication and expense. If you dont plan to carry through dont even start.

Building a real buyers list wont happen until you have established a great deal of trust with your local buyers. They have to know you, and you have to make their life and choices easy. Do all the work for them before you ever present a deal.

As far as your debt, well, a car is the last one you want. Get something that serves the purpose and drive the wheels off it. Your sellers will appreciate it too. Look like the working man and you will appeal to them.

Section8, could be a great way to get paid. No hassles. Make sure your place is up to par and will pass all the inspections. Dont try to fool the Government, you WILL get caught up. Do it right. Find something that needs a little work and use some hard money to fix it up and refi. Your place will qualify and you will be happy about living in it. Your brother will too.

These are great questions. Im a wholesaler in NW Florida so im curious. Ill be following. Thank you.

I'm also a wholesaler in NW Florida and this is a great overall area. If you want to fix and flip or buy and hold or build new it really doesn't matter. Investors here are successful in everything from sfh to vacation rentals to multi families. Whatever it is you want to do it going on here. 

From Pensacola- rentals or flips- Gulf Breeze the same, Navarre- everything, because of its proximity to military bases and the worlds whitest beaches. Fort Walton Beach is a bit of a mix of it all as well. Pick an area In FWB an something is going on. Starting to do a lot of tear downs and rebuilds.Destin, well, its Destin.in my opinin, there is just no way to go wrong in Destin. It just has everything investors could want. Vacation renrals are huge in this area along with South Walton county. Along Hwy 30A is a nice beach community, Santa Rosa Beach. Then Panama City Beach and Panama City. Pretty much the same as everything else here. All the way to Mexico Beach and Port St. Joe, the Panhandle of Florida Is a well kept secret, but the cat is starting to get ot of the bag. 

If you want a second home that that you can rent out weekly, not hard to find at all here. 

Setting up your own meetup or networking event is awesome. I am a wholesaler in NW Florida and also a member of the Professional Investors Guild.  By all means set up your own meetings even if its just over a cup of coffee. I have done this myself and benefit from it greatly. We meet over here at the IHOP every Tuesday morning. There is also a meetup group over here in Pace the first Monday of every month at OOPS Alley.

What I'm getting at is these are all great, but the level of expertise, energy and networking that I get from PIG is unsurpassable. Please come and see for yourself. The first one is FREE! This group covers the entire Gulf Coast of Florida but is expanding. The number of active investors to network and market to, and with is incredible. What you can learn here is vast. 

You can not go wrong by coming once, and then you will be hooked. If you do not have a sponsor that's fine. That being said, I would like to win the award for the most referrals at the Christmas party.  So if you don't have a sponsor, which you don't need, please feel free to use my name on yiur initial registration form. 

I look forward to seeing each and everyone of you there and making your aquaintence. Look forward to doing a ton of business with each and every one of you. 

Great day!

 The area is great and the market is hot. Pensacola has a huge upside and the dollar goes a long way.feel free to contact me in person and would be willing to elaborate.  See my bio for contact info or PM me here.

Thank you 

Michael