All Forum Posts by: Greg F.

@Michael G.  @Justin Morgan 

I am part of Joe´s and Peter´s program. My partner and I have been with them for about a month now. Before we signed any paper work we did our homework on the both of them. Justin you say Peter was a jerk, well he could have been I don't know I was not on the phone with yall, but from what I have seen and heard maybe he knew you we not going to join the team and felt it was time to get off the phone and move on. Just like you talking to a seller. Are you going to sit there and talk to a seller if you know they are not going to sell the house to you? I would think not. What do you know of the backend of their program if you never bought into their program? You say 15k is a lot which it is but how much would you pay to Jerry over the course of your business relationship? We are in the business of creative solutions to help place people in homes and help people out of the home. Did you ever ask the question to Joe or Peter, how can we make this business relationship work for the both of us?So a onetime fee of 15k, plus 1k a month for monthly marketing, coaching calls, cash buyers, JV deals, etc.

Here is my experience with their program since we joined.

- The backend support team has been great. They monitor the VA scraping to ensure they are doing their part for us to be successful, and they have done this. The support team has responded to any and all questions that we have.

-They have some good training material on the site.

- Websites, vumber numbers, podio – set up and paid for by Joe and Peter before they said they would be done with them. I am sure they use some of the upfront money to pay for this.

- Weekly coaching calls with both of them.

- When we have called Peter he has always called back the same day.Joe has a different system of setting up a time to call him. But I am sure if you needed him it would not be that hard for him to call you.

- The 1k a month pays for the websites, podio account with them (you can set up your own account if you want to), 1,000 postcards, VA scraping.

This is just my opinion just like yours. I respect your opinion of Peter and Joe. There are always two sides to every story. We cannot judge others because we do not know there history and past relationships. Looking forward to hearing what thoughts you have.

@Will Porter @Nick Jones I am fairly new to the Podio thing but,   Podio it is a great tool, It can just about do everything you need.  We set ours up to input seller leads via phone and websites. If a seller calls your marketing number it will put the voicemail into podio.  NO need to call and hear your voicemail.  It helps me when I am cold calling sellers with our pre-made scripts.  Its all right there in podio.  I can go through leads when I am not at home, I can work straight from my tablet or phone. Great Great Tool.  

@Rocky V.  Hey Rocky like the wrap.  How many leads to you get from the truck?

@Austin Lockard  I did some shopping around for a property management company a couple of months back.  What I found was most charged first months rent, and 10% of monthly rent.  To me it was not worth it.  I just put my sign in the front yard and within a couple of days I had 5 or so great suspects to rent my property.  I had the place rented out before the rehab was complete.  If you are dead set on a property management company here are some.  I have never used one so please do your research on them. 

http://www.complete-property-services.com/

http://www.oneprophouston.com/

Best of luck.

@Michael Ran Congrats on the 16.  

Private money lending or Hard money lending. You do not have to flip properties to make money in REI. If you have a lot of deals flowing in just wholesale them or JV them. There are a lot of investors in the Houston area. Do you have a buyers list?

@Alex Silang 

Alex - Doug had some good points. I will have to disagree a little on one statement he made. `` (i.e. - don't secure these loans against the purchase property) ´´ I will explain why I disagree. The beauty of private money lending is that is secured and insured. This is a major pitch when trying to raise funds for private money. To me it´s my job to make sure I make my private money lenders comfortable with lending me money. They know their money is secured through the property and insured against loss of property. I am not saying Doug is doing private money lending wrong. There might be different variables to his private money lenders that I do not know.

Have you thought about JV deals – If you locate a property and get a contract on it, bring in another investor to help you fund it and flip it. Or whatever is best for the exit of the property.

Show them how you came up with your numbers. If they are still insulted. Ask them to give you a call if they get a better offer. You might be able to counter or just simple say thank you for letting me see your property, but unfortunately I can beat that offer.

How fast are you looking to sale?  Craiglist is a good place.  Have you contacted a local real estate agent that might know of investors in your area?  

@Gregory Tran The deals are there in the katy area, for what you are looking for. Have you tried locating an agent that understands the area.   Remember CASH IS KING.

Inspectors, and a great contractor that you can trust.  I bring my contractor with me when he can make it.  I also use a spreadsheet that my contractor and I went over, from kitchen to baseboards.  It is very detailed.  It gets me pretty dang close to the repair. I also always add 10% to my repair for the wth is that, repairs.  I was talking to another investor one time.  He was telling me that he bought this property and found that the water pipes were galvanized steel. The problem was back in the 80s when Houston was booming a lot of home builders was buying galvanized pipes, the outside was galvanized but the inside was not.  Which over time will rust.  It cost him 8k to replace all the plumbing on the property.