All Forum Posts by: Adam Harrison

Has anyone invested with City Capitol? Their CEO, Ephren Taylor has been on a number of TV shows and they have a turnkey program for investing in real estate with a positive cash flow.

I have seen a lot of ads in Realty 411 for this and similar companies.

How many houses do you own with Out Estate Investments? What was the purchasing process like? When did you start investing with them? Have their been any unexpected expenses or surprises (such as termite infestations, or other nasty, expensive unpleasantness) with the properties? Do they actually cash flow and if so, how much is the cash flow?

Also, what should a bird dog expect to make on a particular lead? I saw one investor paying bird dogs $250 per introduction to a motivated seller. This seems really low, but since I have never done this, I thought I would check with someone who has.

Thanks for your response.

My plan is to first pay off my debts and then get together some money for a down payment. If my credit card balances were not so high, I would probably have great credit so I am fortunate in that respect. In the mean time, I'm going to continue to study real estate books and forums such as this one, so I am ready to go once I have the funds put together.

And then, when I start investing, I plan on starting small, investing in residential investment properties and then gradually moving up to large apartment buildings. Overall I have a buy and hold, although I have studied flipping.

The answer to your question, why the mid-west, is based off of preliminary information I have gotten from publications such as Realty 411, it is possible to buy a property in the mid-west for as little as 5,000 or 10,000 and actually have a positive cash flow. The properties I have looked at in Los Angeles, even in the bad areas, are outside my price range. They don't cash flow at all with a down payment that small or they only cash flow on an interest only mortgage. And I would much rather make the inevitable newbie mistakes on a property worth $30,000 as opposed to an LA property that runs for $300,000 or more. Having said that, I'm always on the lookout for deals and if I find something in LA that makes sense, I'll go for it.

As to managing the manager, if I had a property in say, Texas, I would stay in close contact with the manager to keep up to date and I also would make surprise inspections from time to time to keep the manager honest. I understand your point, and I agree, owning property in another state is not ideal.

And thanks for your recommendation, I'll be sure to continue to study the forums, great resource you have here.

Hello, my name is Adam Harrison. I fix computers for a living. I have read a ton of real estate books, from people such as David Lindahl, Gary Eldred, Reggie Brooks and Matthew Martines. I am very interested in getting started in real estate, but I currently don't have the money for a down payment, so I am continuing to study real estate while I am working on improving my credit and putting together money together for a down payment. I look forward to doing my first deal soon.

I'm looking at starting my investing career by investing in single family properties in the mid-west. I have seen several companies that do prepackaged deals on these properties, such as Integrity Real Estate Properties, Texas Investor Homes and Buckingham Investments ([LINK REMOVED]). Does anyone have any experience with these companies or any other similar companies? Are these properties really deals or are they high priced dumps?