All Forum Posts by: Ron Harris

Welcome to OKC!

I recommend you join the local Real Estate Investors Associations (REIA) to be around like-minded individuals.

What I have seen over the years, since 2006, is that we can tell the success level of new investors by how often they show up.

For real estate investors in Oklahoma City, we have:

1st Thursday of every month www.mpreia.com

2nd Thursday of every month www.okcreia.com

For entrepreneurship & business in Oklahoma City, we have:

2nd Wednesday of every month "Coffee with Entrepreneurs" www.okceg.com

4th Thursday of every month www.OKCEntrepreneurGroup.com

I am a local real estate mentor and business coach so if you ever need guidance and accountability I might be a resource to you.

Enjoy the day,

Ron Harris

The Renascent Entrepreneur

Welcome to OKC!

I recommend you join the local Real Estate Investors Associations (REIA) to be around like-minded individuals

For real estate investors in Oklahoma City, we have:

1st Thursday of every month www.mpreia.com

2nd Thursday of every month www.okcreia.com

For entrepreneurship & business in Oklahoma City, we have:

2nd Wednesday of every month "Coffee with Entrepreneurs" www.okceg.com

4th Thursday of every month www.OKCEntrepreneurGroup.com

I am a local real estate mentor and business coach so if you ever need guidance and accountability I might be a resource to you.

Enjoy the day,

Ron Harris

The Renascent Entrepreneur

Missed this one!

Welcome to the world of Real Estate Investing!

Don't forget to come to both local REIA's

mpreia.com and okcreia.com

and even okcentrepreneurgroup.com 

Lots of peer group activities and networking. Best way to rub shoulders!

When you are ready for a local mentor, lets visit over coffee!

Enjoy,

Ron

Welcome to OKC!

I recommend you join the local Real Estate Investors Associations (REIA) to be around like-minded individuals

For real estate investors in Oklahoma City, we have:

• 1st Thursday of every month www.mpreia.com 
• 2nd Thursday of every month www.okcreia.com

For entrepreneurship & business in Oklahoma City, we have:

• 2nd Wednesday of every month "Coffee with Entrepreneurs" www.okceg.com
• 4th Thursday of every month www.OKCEntrepreneurGroup.com

I am a local real estate mentor and business coach so if you ever need guidance and accountability I might be a resource to you.

Enjoy the day,

Ron Harris
The Renascent Entrepreneur

Welcome! Don't forget to come to Oklahoma's 2 REIA's.

1st Thursday of Month: www.mpreia.com

2nd Thursday of Month: www.okcreia.com

Ron

Great responses!
Having access to the MLS is a great resource if you have your license. As of 2011, it's even better for hunting for REO's.

I think that 20% is made up by agents that cold call/ prospect everyday. Have an in depth understanding of the markets they are trying to sell homes in, and are proactive in their approach to selling. Utilize every facet to expose the property.

The only draw back to a top producing agent that some people will not contend with is they price properties so they sell fast.

Probably the #1 affective thing so far that I've heard from other agents, "is just calling a buyer or buyer agent back". I'm not even that great at calling everyone back, even though I have a live attendant already ask most of the questions I need to know that is sent to me via email/cell phone. Doh! So, i'm guilty of this one and I'm not even an Realtor!

It also helps that the agent uses a good follow up system, weather it is a day planner, CRM, online took, or even Outlook; as long as they actually use it effectively.

A new Realtor that we are trying out to sell our houses uses social media, respond to question though other listing sites besides MLS (ie Zillow, Yahoo, etc), and not afraid of doing things outside of the Realtor world (ie she'll call on FSBO).

Trust me, if they perform just at 90% of what we do, then we'll send them business for life! Of course, results is top priority, but Will Rogers and Woody Allen said it perfectly, "90% of success is just showing up!".

I think that what we are all probably missing is that Kevin probably paid $25K for a house worth $50k AS IS or more.

For example: I just bought a probate house for $85K and sold it in a few days for $107K. Are you saying the house is only worth $85K since that was the CASH I paid for it? The actual market value based on the CMA is $125K conservatively. If I was to sell that house for contract for deed, I would sell it for what I paid for it, I would sell it between 120-130k.

I guess car dealers should go to jail, then since they buy a car for wholesale and resale for a much higher price than the KBB/NADA value, especially the high interest car dealers who sell to people who wouldn't qualify for a normal loan due to their bad financials (low credit etc). That has an increased risk and they charge more to finance that financial risk. Granted, some dealers charge more than what is fair, but then again... Trying to make it fair for everyone only makes it more expensive for everyone else.

So typically, a person who buys a house and pays 10%, when interest rates are low in comparison, is probably someone who wouldn't qualify for normal loan (FHA etc). Rather, I hope the real estate investor selling the house does everything they can so that the new buyer actually becomes a home owner (of course, subject to the terms of the contract and fair for both parties - which may mean the buyer losing the house if the contract terms now followed).

I just hate it when the government puts in rules to make it harder for investors to sell properties. Then again, the harder the make it, more of our competition drops out!

A shotgun works too, but usually it's a one time thing since you'll be in an orange jump suit thereafter...