All Forum Posts by: Michael Quarles

I agree with John   At times doing things yourself is the best approach.  

A quick list if you don’t. 

Openletter

YellowLetter

YellowLetterscompletr

Gobigyellowletters

Postcardmania

Happy house hunting. 

Have you confirmed that they haven’t trusted or willed it to you already?  

And if not it’s a installment sale.  I wouldn’t entertain a lease. 

It’s a little old however the best investment, life strategy and book on communication is the Bible. 

At the prime of my cold calling from an outsource perspective I had 16 half way house females  

Basically they were in jail at night and called for me during the day. 

All made minimum and HAD to have a job. 

I had a 3 struck rule.  Three days without an appointment and someone else filled their seat. 

In reality it was great.  

Hello Randy.   Couple things.  
1- 60k for a 1200 gut is light.   Kitchen bath and gutting could cost you that 

2- in California make sure you don’t violate contractors license law.   
3- I alway like the calculation of 10k per month rehab time plus cost minus ARV x 70% maximum. Or 2 times cost if less than 10k.
4- I’ve bought a thousand houses and most didn’t fit into a formula 

Hello Joe.  

3 things.  No specific order. 
1- Move to a tax free state.

2. The mathematical formula for buy and hold and flipping is 1:6. 
3. NO one is a rookie.   You’re 31. You have a ton to add. 

Welcome to BP

I agree. Marketing is key to success in this arena. I've done 100's of deals in my career as a real estate investor every one of them resonated from me marketing my business... Direct mail, Adwords, TV commercials etc...  I know for certain that the more sellers i put myself in front of the more houses i will buy.  

that is cool stuff!! In my 30 years of real estate investing and 100's of houses bought, I will always remember my first most vividly. keep pushing forward... don't wait to start hunting for your next deal. 

Yes.  I’ve been absent however have made major changes over the last month.  

If I may be honest. 2019 was a crappy year.  I spent too much time creating a different business. 

Sorry it affected you. 

After over 1000 houses I can say.  It’s all about marketing