All Forum Posts by: Mark Updegraff

I agree that any flip analysis is going to get a lot more focused than city or county. I'm sure you could identify some better areas by doing research, but them implementing the flip from afar, or going to the location will also add cost, so you're going to need to build that all in. For me it is easier to just focus on finding the wholesale deals that can be flipped. If there is a ton of room in the deal, that is all that matters. These are going to be everywhere as it is more a function of finding people that are willing to let go of a property for a good discount. This is due to a number of factors like age, death, power of attorney, divorce, criminal cases, loss of job, drug use, disability, emotions, intelligence, bills, liquidity, etc. Are there area's that may be better sources than others? Sure! I could argue that a city like Rochester is great because of the massive job loss that has been and will continue through the destruction of Kodak, Xerox, and others. Jobs lost, people in trouble, houses gotta get gone. So, I vote for Rochester, but I'm sure there are a million other places that would be just as good.

Never thought about @Brandon Turner 's use. Pretty sweet, though I'm sure if anything serious ever happened the attorney's would become pro's pretty quick.

just sayin' ;-)

Good question Eric,

I don't see why you would need to disclose it on marketing materials. I could be wrong though. Hopefully someone chimes in :D

Cheers,

Mark

I love wood. I would scrape and paint personally but it is arguably more costly

Not calculating the return themselves and not truly understanding all the numbers involved. Make sure you can spot things non investors don't know to look for. In my area I always check to make sure the water line coming into the house is copper, not galvanized. That's a 2k newbie mistake that can be easily avoided.... There are others, shadow an investor or find an agent who invests

@Account Closed Thanks Ben! It was great getting to know you at lunch! Thanks so much for taking the time to meet me. I didn't mean to leave you out on the post :D I'm looking forward to finding you the perfect starter investment in a killer spot. I know exactly what you're looking for and I'm not going to rest until we find it.

@Russell G. and Amber can join us and then it will be a party!!

@Frank Oudheusden offer still stands if you want to move to ROC! You've got eyes for deals like nobody's business ;C)

Thanks everyone for all the kind words! I'm glad to be a part of the community. If yall ever need anything don't hesitate to reach out!!

Sincerely,
Mark

Thanks @Mark W. ! Great things come to those that wait ;C) When I saw your property for the first time I immediately fell in love. I'm glad we were able to go see it when we did! I'm sure you're going to have great success and easy management. You're in a little oasis of great RE really close to some positive momentum that IMO can't be stopped. It won't happen over night, but we subscribe to the same philosophy and I look forward to being part of the momentum with you. LOVE that house. Nice job!!!

Option 3. Sell that house & move on! You know the neighborhood & he'll get you the buyer.

Hey Everyone,

Just thought I would give a shout out to BP and thanks to everyone both local and afar that have helped me get to where I am today. I was sending @Joshua Dorkin a message earlier and it dawned on me just how important BP has been during my last year.

For a little background, I started investing about 8 years ago, and didn't find BP until I was a few deals in. I shared my school of hard knocks lessons, and immediately emerged myself in the community. The quality of mentorship in the open forums absolutely blew my mind, and I was excited to learn, grow my business and pay it forward to others coming up in the ranks. A lot of the important aspects of investing in RE is local knowledge, and I knew that though I was not a rock star investor, I could still give back valuable insight to others that were both in my market, or contemplating getting into it.

Fast forward to last year. I decided to get my RE Salesperson license, to get my broker's license, to hang under my management company. In doing so I decided to hang my salesperson license with RE/MAX, which is a great company if you have the volume. I decided that I was going to go for it full steam ahead, while running my other companies. In order to get my broker's I would need a fair amount of closed sales anyway. In less than 1 year I had more than enough points to qualify and using my combined investment experience I've sent in the form to DOS and should have it very soon.

My first year as an agent went quickly, and I really had no advertising at all. My first client was my employee, and my second was a friend. I took out copious amounts of expensive adverts on Trulia and Zillow about mid year, but looking back on my transactions to date, Bigger Pockets is by far the winner on quality leads!

I would like to give shouts out to

@Frank Oudheusden @Derek Hansen @Dave Savage @Mark W. @Michael Wagner @Shawn O'Shea@Wayne Huang

I had an extraordinary time working with all you! I hope my passion for investment properties helped you on your journey and I look forward to working with you all in the years to come.

Thank you so much for your support. I know you all learned a lot of valuable lessons along the way, as did I. Happy investing in 2014, let's see what this crazy market does!

@Bill Gulley practice practice practice, until your practice becomes perfect. Then practice perfection!

My guitar teacher drove that home for me, and I'm a believer. It is anything but easy to do.