All Forum Posts by: Rod Wiggins

@Richard C

What script recommendations do you have if the OP script is terrible?

I wish I had known there were interested investors while I was there. I just left in August and would have loved to have been to a meetup while I was there.

@Rashida Adekoya 

if you don't mind me asking, how are you marketing in the Dayton area?

@Jeremy Voshall 

Welcome. I am new to the Dayton area and about to get started. If I can help in any way, don't be a stranger.

Welcome Flip and congrats on taking the first steps. Afghan should give you plenty of education time. A couple of benefits you will have as a vet are the VA loan and the swlection/network pool that you have. You can buy several properties with $0 down through a VA loan. These properties can be multifamily up to 4 units. Also for networking and advertising, you are an exclusive member of large gatherings of people (assuming you're in the military) on base.

On the surface, those numbers look good. As @Brandon Turner mentioned last night on the webinar, you need to run it through the deal analyzer. Good luck.

@ michael quarles I just listened to your podcast this morning about marketing where you mentioned that it was a pet peeve to have an email address that isnt associated to a website (or looks professional). I am about to make a small batch of cards and I would like to put an email on them. What is your take on this? I dont have a website set up yet and i am trying to at least have something for when i network with other investors such as at REIA meetings.

I would like to attend. What restaurant will this meeting be held at?

Thanks for all the reply's. The house is a 4/3 on 6 acres with about 2500sq ft. In this area, it is a wonderful deal at that price if it's repaired. When I started looking, I only wanted to pay $200k max, and then I got fixated on this one. I figured the $100k was too low, but I just wanted to get some advice on how it may play out if I made the offer. The house was listed for about 3 weeks to a month and then they dropped $20k off the asking. I want to give it a little more time and see if it drops more. The repairs needed are appliances, hot water heater, AC unit, electrical system and a small amount of sheetrock work. The electrics were cut at the wall, and the circuit breaker box was taken out. Besides that, the rest is sweat equity. I was thinking that all inclusive, repairs should be no more than $30k. I will keep you guys informed on the outcome.

Thanks for responding. With the way the RE market is in this area, I know the house is well worth what the bank is asking for it (after repairs). I'm banking on the necessary repairs to be the catalyst to let me buy the house for a steal. I understand what you are saying about cash, but I dont have a quarter mil lying around. What about making an offer directly to the bank?