All Forum Posts by: Tim Shin
Tim Shin has started 22 posts and replied 239 times.
Post: How do you build your buyers lister as a newbie?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @Sabrina Kane:
@Desmond CollinsYes I know about that tool however he is a newbie and need to build and experience ground zero. This route gives him INBOUND marketing approach with buyers calling him, rather than him calling the buyers. (if he goes with the Real Estate Property Pro) Likely the conversation will be odd since this is his first deal.
HOWEVER, I know a more advance way that's FREE and does exactly what Real Estate Property Pro does :) HACK - if you want to know @Desmond Collins let me know ill show you inbox me.
Anyone else welcome to inbox me as wel if you have at least one deal under your belt for this Buyer List Hack.
Thanks
Sabrina took the words right out of my mouth. Now I know at least she knows for to market deals. And Ryan, I'm an interested buyer in Houston and want to be added to Sabrina's list now. Networking on BP helps. Sabrina, do you work in the NW Houston area/Spring Klein? I'd love to get on your buyer's list. I'm expanding to rentals now.
Hi AJ! I'm in Houston. Welcome to BiggerPockets. You'll get a lot of mileage from checking out Brandon's book On Investing with no and low money down and J Scott's book on Estimating Rehabs and his other book on flipping houses. It might arm you as a note buyer as well as being a wholesaler. But if you're buying notes why not be a landlord?
Post: Common Mistakes from Early Wholesalers
- Investor
- Houston, TX
- Posts 242
- Votes 81
Not building a rapport with the seller is a huge mistake! Wholesalers get to excited to talk money before hearing what the seller's story is. Treat them like your grandma or a ww2 vet who is telling you the story of how they stormed Normandy.
Post: Partnering to Earn & Learn - How Would You Pitch This?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @Andrew Taylor:
Thanks for the tips, folks. @Tim Shin, I agree with you that my current strengths are time and energy. As of right now, I don't really have much else to bring to the table.
That being said, I think construction/contracting might be something I could leverage if there are investors locally who could use somebody who knows that end of the business.
Use your time to network and learn as many exit strategies as possible. You might even try shadowing some bigger folks for free at their offices.
Post: Common Mistakes from Early Wholesalers
- Investor
- Houston, TX
- Posts 242
- Votes 81
Finding bad deals gives us a bad name. Don't over mark up your deals and make sure your numbers are right or conservative in the favor of your buyers. Making a killing on 1 deal in a shady way is not as good as making a good fee on a good deal and being known as someone who provides good deals.
Post: Partnering to Earn & Learn - How Would You Pitch This?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @Tim Shin:
Originally posted by @Doug McLeod:
As a buy & hold guy and wanna-try-it flipper, the three things I need most are deals where the numbers work, cash to purchase (hard money is great but puts me at a disadvantage vs cash buyers), and good long term financing.
I've exhausted my conforming Fannie/Freddie backed loans (10) so the deal numbers must be better than every deal I've done to date to work at commercial/portfolio loan interest rates and shorter amortization periods.
Great points! To expand on that, what I think is an additional value is your time. Andrew, You may want to find a W-2 flipper or wanna be flipper who can't drive for dollars, see neighborhoods, analyze trends, speak with residents, visit with CPAs, contractors, power team members etc during the day. You have something valuable which I don't as someone with a day job: the freedom to go do what you will with your day and handle day time business operations. That's what I think you're niche strength is.
Post: Partnering to Earn & Learn - How Would You Pitch This?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @Tim Shin:
Originally posted by @Doug McLeod:
As a buy & hold guy and wanna-try-it flipper, the three things I need most are deals where the numbers work, cash to purchase (hard money is great but puts me at a disadvantage vs cash buyers), and good long term financing.
I've exhausted my conforming Fannie/Freddie backed loans (10) so the deal numbers must be better than every deal I've done to date to work at commercial/portfolio loan interest rates and shorter amortization periods.
Great points! To expand on that, what I think is an additional value is your time.@Andrew Taylor, you may want to find a W-2 flipper or wanna be flipper who can't drive for dollars, see neighborhoods, analyze trends, speak with residents, visit with CPAs, contractors, power team members etc during the day. You have something valuable which I don't as someone with a day job: the freedom to go do what you will with your day and handle day time business operations. That's what I think you're niche strength is.
Post: Partnering to Earn & Learn - How Would You Pitch This?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @Doug McLeod:
As a buy & hold guy and wanna-try-it flipper, the three things I need most are deals where the numbers work, cash to purchase (hard money is great but puts me at a disadvantage vs cash buyers), and good long term financing.
I've exhausted my conforming Fannie/Freddie backed loans (10) so the deal numbers must be better than every deal I've done to date to work at commercial/portfolio loan interest rates and shorter amortization periods.
Great points! To expand on that, what I think is an additional value is your time. You may want to find a W-2 flipper or wanna be flipper who can't drive for dollars, see neighborhoods, analyze trends, speak with residents, visit with CPAs, contractors, power team members etc during the day. You have something valuable which I don't as someone with a day job: the freedom to go do what you will with your day and handle day time business operations. That's what I think you're niche strength is.
Post: 2016 Houston Buy & Hold Rental neighborhoods in $70-150k?
- Investor
- Houston, TX
- Posts 242
- Votes 81
Sharon, do you see the bidding wars happening just as frequently now as last year? I know they've pretty much stopped in the Heights.
Post: New member from houston TX
- Investor
- Houston, TX
- Posts 242
- Votes 81
Originally posted by @JhonatN Centeno:
My name is jhonatan. I am 20 years old. I live in houston TX and i am ambitious for learning and willing to learn from others about real estate and how to start.
Hey great time to start! I'm excited for you. Let us know if you have any questions. What are you interested in doing? You might want to start going to networking events which there are plenty of. Charles Nguyen has one where there's a lecture most nights. Then there's also JetLending. RICH has a big event this Saturday.