All Forum Posts by: Ronnie Sparrow

Hello Sharon thanks for the response. The rental market is excellent in Houston. All my rentals have been leased off the MLS which I firmly believe by going throughout the MLS with a realtor you are able to get top of the market rent rates. My last two deals I acquired via my own marketing so there was no middleman just me and the seller. This is the way to go! So because of this my cashflow on my last two deals are $492 and $565. My first property was a gift from my mother, thank you mom. This is what got me started. The other two were Foreclosures off the MLS via a realtor. I used hard money on the two Foreclosures and private money on my last two deals.. So believe it or not my last two deals I used ZERO of my own money. I am getting better and better at this.

Hey Jason I heard your podcast on bigger pocket yesterday, it was awesome. I am an investor in Houston. My wife and I own five rental properties which generate $2,700 cash flow. Our goal is to keep buying and holding until we reach $8,000 cash flow, we are going to accomplish this in the next 3 years.

One of the marketing techniques I use is driving for dollars just like you do but you call it something else I can't remember. Anyway when you drive for dollars how do you keep track of where you've been so you don't go in circles. Is there some tool on google you could use to help you map your driving?

Ronnie Sparrow

Where can I get e books to use for my Internet marketing?

Nicole I have the exact same question you have. Everyone you ask will give you a different answer. What I am finding out is that everything is negotiable. Find out from your lender exactly what it is that they want. For me, I just used a private lender for the first time and it worked out great. It was the first time for both of us. The deal is he lends me money for my deals and I find him properties to buy and hold. That's it. We both want to purchase 10 homes in the next 2 years. So far I have five and he has two. I am currently looking for a deal for him.

How would owner financing benefit me as the buyer. I am looking at a property in a college town for my son to live in and have roomates cover the mortgage. It looks like there are no deals there I mean no real deals such as foreclosures or distressed properties. Looks like I will need to pay market value for the property. Owner financing is being offered but how would that benefit me? I do not have 25% to put down for a conventional loan. Is owner financing a good option for me? And how does it benefit me?