Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Shvonne C.

Shvonne C. has started 8 posts and replied 48 times.

Post: Newbie from Ansonia, Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

Hello @Jonathan Makovsky and @Gregory Bennett 

Hope to see you two next week. 

Post: Newbie from Ansonia, Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

@Hattie Dizmond thanks for the info. I'm working on all of these. Just downloaded the ebook  and the podcast is loading on my iPod as I type.

@Craig Bellot thanks! I'm working on this as aggressively as possible to get ahead of that wave.

@Elizabeth Colegrove Full time jobs AND self managing properties all over the United States, you guys must have an awesome system.

Originally posted by @Bill Jacobsen:

Idon't know if there is a deal here.  I usually run my numbers quickly, tell the seller what they are and let him decide if we are close enough together  to go forward.

One option is to partner with the seller.  For instance, offer him $50,000 + 1/2 the profit.  You put up the rehab money and he gets paid after the house is sold.

Don't spend too much time thinking about this house.  Go to the next one.

Good Luck.

Bill

Partnering with a seller is an interesting concept, how would that work?  In this example of a $50k purchase prices and 1/2 the profit: would you split the profit after your rehab costs?  So for example $20k rehab costs, you sell for $100k - are you splitting $30k with the seller? 

Post: Yellow letters

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

@Franklin Romine I would say if you have 400 out of 1500 done, don't wait MAIL THEM!  Every day you wait is a day someone else's yellow letter can end up in their mailbox.  My husband and I would sit down in the evening and do as many as we could daily and mail them out the next morning.  Time is money in this business and depending on your market it could mean a lot of money.

Post: Newbie from Stamford, Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

Welcome @Siddiq Sweet, look forward to interacting with you.

Post: New Joiner - Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

Welcome @Paul Haughton 

How is the real estate investing market in eastern CT?  I know it's not a densely populate as western CT but that doesn't necessarily mean the market isn't good - just curious?  Are you dealing more with single families or multi?

Post: Hello everyone.Im a new member from Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

Welcome @Robert Murphy!  That seems like a nice market to get into (college housing) especially here in CT.  Seems like there's a lot of risk in that.  I remember what went on at the off campus houses when I was in college.  How do you account for that risk?

Look forward to interacting with you.

Post: Newbie from Ansonia, Connecticut

Shvonne C.Posted
  • Stratford, CT
  • Posts 51
  • Votes 27

Hello BP!  My name is Shvonne Craig and I'm from Ansonia, CT.  I've been taking action in real estate since about June 2014.  A couple months before that I was just soaking up information and then my husband and I decided to take the plunge.  We've been real estate investing part time while we still maintain our regular non-real estate jobs.

Since about June we've been working on wholesaling our first deal.  We've been talking to sellers but nothing has panned out yet.  We ultimately want to get a group of properties to create a nice stream of income for us and fix & flip.  Right now we don't have the credit or cash reserves so we are looking to build our cash reserve and learn more about creative financing.