All Forum Posts by: Account Closed

shhhhhhhhhhhhh!!!

no, no, noooo... Robert Blake, Brandon Turner... don't you know it's etiquette to just nod and smile - the emperor DOES HAVE CLOTHES!!!!

come on now... mooooo-ve along and get w/the program/herd.

it's an EXCELLENT BOOK... no matter WHAT you say or at least what your brainwashed "bs meter" is falsely warning you.

You need to read that book thru (and thru)... not just up to chapter 4... otherwise (as it is obvious thus far... you JUST DON'T/WON'T GET IT)!

BTW, CAPS ARE YOUR FRIEND!! OPEN YOUR EYES BIGGER SO YOU CAN SEE THE TRUTH AND VALUE THAT EVERYONE ELSE OBVIOUSLY SEES. PERHAPS YOUR EYES ARE SLANTED THE WRONG WAY - i suspect Mr/Rev. Hill might suspect so.

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Ya... personally, when i get past the caps and explicit directions, I do appreciate the message that is being conveyed. I agree tho... it's a different kinda book. hyped? (shhhhh... dunno what you mean)... it is a book in MY library - I may have one upped you and left off on chapter 9 about a year ago.

Happy Reading and Much Success!

sounds like agents aren't really much use to active investors if they can't find deals based on investor criteria. on the flip side, i'm sure agents feel like their time is being wasted if the "investor" doesn't really know what they're looking for or too reluctant to put their money where their mouth is.

I guess that's the dating phase that agents and investors have to go thru.

One thing for certain, though, is that majority of the deals done in the market can't be done w/o an agent's hand in it... meaning that chances are high you'll buy a property from a listing agent, sell a property thru a buyer agent, or find a property w/an agent.

Jaxi West - like real estate... i thot what comes up, always comes down... even in so cal! you should come back to l.a.... you're missing out!

I recently talked to a bid runner service for auctions about referring investors for a commission and they told me that they could not pay referral fees to persons without a license. I suppose this is similar to paying a fee to someone without a license for a lead (house for sale). SO despite the back and forth I've read about wholesaling and bird dogging... it's clear that the conservative decision - no matter how gray - is to be licensed (in california at least).

so I have another question... If we have an LLC representing the purchase or solicitation or referral, does there need to be disclosure in a direct mail piece? Assuming that I am licensed and another member in the LLC is not, but is the one sending the mailer, does that mean there's no need for RE License disclosure to the homeowner?

J Scott & Will Barnard

thank you for your input! my bad, i didn't figure land value at all... AND as for the replacement cost value, i remember where i pulled that number from (not out of my aHat), it was what the insurance guy used to estimate repair damage to our house. also, i apologize for my lazy writing... 100-120-150 were the key numbers that i've been quoted as a quick estimate for jobs in LA metro area ... well, at least in the 550k+ (1500+ sf) middle income type neighborhoods.

and, ya... makes sense (now that you point out the obvious) that there wouldn't be any "national" hard # since land, labor, and materials vary greatly across the country. My question was initially a local so-cal (los angeles metro area) specific question and then became broad to include input from others.

I agree... why would a gc put their name on the records to risk code violation and being associated with it when he's not doing the work? altho, in this economy, maybe you can find one that will do it for a few bucks?
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Joel Owens only time i had to do hard labor was once upon a time when i learned the hard way that refinishing floors isn't as easy as they make it look on the internet! ;) burned about 4 days and THEN ended up hiring a company to do it the right way.

won't make that mistake again!

we've been spoiled by having a group called fibi (for investors by investors) that was created a few years ago and has the same attitude and values aligned w bp's model. theyve grown several chapters over the yrs in so cal at least. there are one or two independently run ones w similr values n intent for the investor, but u have to search. u can find fibi on meetup.com. maybe ull be able to find similar in ur areas if u chk meetup.

Matt Jankowski - haha... unlike the subject property in question of the RE market, cows are not limited to a localized market to be pertinent. This article/example is an apples to oranges comparison in data sample usage ;)

However, I do like your topic of choice. I think that your data set CAN be smaller IF it is clear the correlation between effect and cause criteria.

For example, the observation:

would most likely be too broad a criteria to conclude a profit of 1500

but ok, I definitely see the value of what you propose. Using statistics of data in the same way advertising & marketing do to determine what/how customers shop is a very plausible premise. In the trend and age of big data, I'm sure we'll see some interesting solutions/services (non-guru-tized) as mentioned here:

http://www.biggerpockets.com/forums/79/topics/71256-ken-wade

Clearly James Hiddle has NO CLUE the power that the guru brings to the people. It's like Prometheus - fire to the people. James, don't fear technology, embrace it with your heart, but firstly, with your wallet.

I was led to this link by looking up this ken guy by this interesting link:

https://www.biggerpockets.com/forums/61/topics/73148-investment-statistical-analysis

bummer that they went the snake oil route vs a potentially a "higher and better use" (if not highest and best) of the concept in the REI market. for an equivalent 50% down for a KIA or Hyundai import, that's a steal... for them, not the subscriber! :)

Joel Owens, Xing Zhu, Aaron Mazzrillo, Jon Klaus, Bryan Hancock, @jon holdman,

ya... my @ mentions aren't working... boooo