All Forum Posts by: Account Closed

In response to having a team in place before you buy your first property: I'm not convinced that's something that should be a major focus for you right now. More often than not your team will be built by trial and error. You'll hire the wrong contractor and then learn from your mistakes. Sure you can ask around and try to cut down on the mistakes but mistakes are inevitable, just make sure you Learn from them. If I were you I'd Focus on ONE THING: finding deals. That is above all else the most important.

The right time to buy is when you find a deal. Sure there will be more deals available during the next downturn but there's no need to wait until then. Send letters out! My second flip I bought was off a response to a letter. I paid 157k for it and sold it for 219k. Don't wait for the fish to jump in the boat, go hunting for deals.

Congrats! As an ex-cpa myself and now full time real estate investor I can definitely say the grass doesn't just look greener, it IS greener over here!

I would say it depends on if she had a good pay history before the divorce. If she had poor pay history her entire life then no, but if her poor credit is limited to the time period of the divorce and she had good pay history prior to that then I'd say rent it to her.

I have been flipping full time for a year now and I'm looking for ways to cut down on the time it takes to sell and close. This got me considering selling turnkey to investors. Instead of waiting for an end user to come along Sell to investors looking for turnkey rental properties. What cap rate is the typical turnkey investor looking for and Where do you find these investors?

you can but they charge for it, hence the fees. You get a very small amount free and the rest you have to pay for.  Here is my site live:  www.rcbb10.com. 

I am considering developing software to sell to investors to collect foreclosure info from the legal notices advertised by your local attorneys to make researching foreclosures easier. The info from attorneys being just address, date of sale, and starting bid price, then attach other relevant info from other sources. Year built, Tax assessed value, last sold date, last sold price, zillow price estiamte or zestaimte, then have it run some calculations for the difference between starting bid and estimated value assuming a min of 20k profit, 8% selling fees, 10k for renovations, etc, and then highlight the ones that look like a good value based on that formula. Then have the ability to map foreclosures to see at a glance, your areas of interest? I have created this software for my market and use it daily (see attached), Is this something that people would be interested in? the software would be inexpensive, like around 75 a month. It updates every hour so when the auction gets closer and the starting bid is put on the web page this webpage would update. It has saved me countless hours researching foreclosures daily and has allowed me to work smarter. 

Does anyone have a safety Manual for handymen that they would be willing to share? I'm looking to purchase workers comp and liability and insurance companies are asking if I have a safety manual and safety training in place. All the best, Randy Visser

Birmingham AL. I sent a mailer out and got several good leads, bought one house already and more leads are promising. My issue is that I'm getting a ton of leads in the 20k-45k house price range and I'm interested in only 100k+ range. I think some of them are decent deals but I don't want to deal in that price range. Can anyone use these leads? Id be happy to pass them on just let me know and I'll send them to you.

Im looking to do my first Direct mail piece and wanted to see if anyone would share an example piece that worked well for them. Im targeting out of state owners with at least 50% equity position. All the best! 

Randy V