All Forum Posts by: Account Closed

Primo,

I would agree that it looks as if one can make the $30K plus pretty easily (if all goes well :lol: ) Even conservatively, if you buy at 10% under market, and sell at 10% over market, get an option payment of some amount, and attain cashflow of at least $100/month, the $30K is very reasonable. I am at the cusp of making my first lease purchase deal - very exciting! Of course, if the tenant buyer never exercises, the payday isn't there, but maybe you can get a second buyer and try try again?

There are actually a number of forms involved, and some would need to match the requirements of your particular state. I attached some SS forms which were provided by another Bigger Pockets poster previously. Have fun!

Hello,

I hear you regarding the short sale oppportunities, That seems like the only prospets I'm getting in my area as well. Upside down sellers. If you read all the posts on the subject in this site under Short Slaes, you will learn more than you can possibly absorb. Then you will need to just dive in and try contacting a loss mitigator and go through the process.

I would suggest looking online at www.craigslist.com. Or you can google craigslist seattle, and there will be many rentals listed in west seattle. Good luck!

Hello and welcome! Thbere is also a forum in Bigger Pockets about rehabbing, and you can get alot of help on specific construction there as well. What kind of flooring issue do you have? Good luck.

I guess I have read several books and heard from gurus that it is possible to find people who are motivated who also have alot of equity. The idea would be to put together a win win situation where they would get a portion of their equity, leaving enough on the table for the REI to get his fee and the end buyer get his discount. Like you said, probably not as common these days. You are right though, I am learning about short sales as well so I can try it insteads of just losing my leads.

So, what do you suggest to get set up with such a program? I am not a computer geek unfortunately. :goofy: Wish I was. I have a domain name and a free website www.urbanpioneerservices.com, but haven't really taken that to the next level. I have not wanted to jump into the expensive plans that are offered by some.

I don't know if your 800 number will do this, but I use ringcentral.com, and I chose the plan where I have an 800 number, and when people call it I can either set it up so that I get a text on my cell phone, and an email, so I can call them back (I work a full time job to support my investing habit, so I can't slways answer the phone when they call). Or, I can set it up to just forward to my cell phone. This way they never have my actual cell phone. I put the 800 number on my REI business card that has all the tacky stuff on it like "WE Buy Houses". But I also have a more refined card with the cell phone number if I want to give it to people like on my "power team" (attorney, title company, realtor, etc.) Good luck, Mike

Hello,

It kind of depends on how much work you yourself want to do to save the cost of others doing it for you. You can go to the courthouse and look up NOD's yourself for the price of the gas to take you there, or you can pay a service to give them to you via an excel spreadsheet. You can hand write or word process and print your letters or postcards, stuff them in envelopes and hand stamp them or you can pay a service to do all that for you. Or, you can get your kid to do it! :D

I have been just starting out, and doing alot of the work myself, up to a point. I purchased mailing lists from melissadata.com, then created my own mailers, and posted them myself. Postcard stamps are now $.27. Yellowletters.com will do it all for you for some price, you can check out their site. I'm sure there are other sites who will do it also, if you google mailing lists, or peruse the other threads in the forum under Marketing.

My goal is to eventually let others do the grunt work, but for now...

I was afraid someone would say that - my wife has also said I should go ahead and demo the old concrete - Fun! Thanks Tim for the advice. I will probably go ahead and do it right. Mike