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All Forum Posts by: Rhett Roden

Rhett Roden has started 1 posts and replied 10 times.

Post: Did anyone here make 100k on their first flip?

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5

Ok guys I’m working on a longer forum post to really cover this deal in-depth, but just wanted to get the conversation started a little bit.

I am really interested to see what some of yall’s numbers look like at the conclusion of your first true-blue flip from start to finish.

So did anyone else here make 100k on their first flip? If not, how close (or not so close) did you get? I’m really looking forward to hearing others experiences and sharing my own very soon!

Post: Complicated Land & Rehab Deal ... Any advice appreciated

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5
Chris I wish I had something to offer on this one, but I am following as we have a similar situation on a property in South Ft. Worth with a funky layout and favorable zoning.

Post: Out of state, sight unseen investing

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5
There is something to be said for courage! It sounds like you have done your homework and are aware of some of the obvious pitfalls of this type of endeavor. One thing is for sure, I’m rooting for you!

Post: 0 to 18 units in two years

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5

Rock & Roll! 

Post: Trying to compete with cash buyers

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5
Originally posted by @Jim K.:

Please don't underestimate the importance of the face making the offer. Crazy as it seems, sellers in emotional distress and denial over whizzing away their parent's legacy would much rather whiz it away to a local agent who is deeply embedded in their community, who works the soft-serve at church festivals and reads off the bingo numbers at the VFW hall and brings some of his homemade kielbasi to the volunteer firemen's BBQ benefit.

Do not discount your local agents who have been eating rubber chicken to pass the card at Rotary events for the last twenty years. Most especially, if that agent knew dear Grandpa Harry and ever shared a beer with him on his porch, the seller feels he's selling out to one of Grandpa Harry's old friends, not just a starred name in that agent's Rolodex.

Make a good offer, by all means, but the face that presents the offer becomes ever more important the more emotional and distressing the decision to sell the house becomes. It's not a tech thing or a generational thing. Human beings are just wires that way.

Jim that is right on the money and although it seems super obvious it is oftentimes forgotten by many, myself included.  

Post: My First Flip! With Numbers and Photos!

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5

Awesome job and congratulations Benjamin!  I really like that bathroom finish-out.

That's awesome!  Congratulations BP!!!

Post: Urgent, Help, Potential Tenant with Pitball

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5
Originally posted by @Cara Lonsdale:

LOL.  Last I checked, dogs were not a protected class.

Then again...you ARE talking about California.  They do all kinds of crazy stuff there! :)

Give it time......

Post: 12 months into Real Estate Investing

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5

That's really cool Dale.  Congratulations and I look forward to hearing about you 10Xing your passive income next year!

Keep it up!

Post: One Year Later - 10 units and full time investor

Rhett RodenPosted
  • Real Estate Agent
  • Ft. Worth, TX
  • Posts 10
  • Votes 5

Congragulations Ethan!  What an exciting time for you and your business.