All Forum Posts by: Anson Young

PM me, we actually do sell a list, and beyond that also have a REO National program where we initiate the bank contacts and mail them starbucks cards/promotion cards.

As for credibility, we are the 2nd largest REO real estate team in CO (volume & $), and in the top 10 for our company nationwide.

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Originally posted by Randall_CO:

Thanks for the intro guys.

Anson- I imagine initially I will buy and hold, then with time move into rehabs. No specific areas I have in mind. Probably will target the Aurora area to start since I most familiar with it.

Josh- That would be great, I am excited to meet others in the same area.

Randall,
Sounds good, I live in Aurora myself, work Downtown. If I find a good deal in Aurora I will keep you in mind!

Anson

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Originally posted by Jon Holdman:

I'd have to agree. The CAREI meetings have become to "pitchy" for me, especially the big one. Nevertheless, I have made several useful contacts via CAREI.

I've only been to one IRR meeting so far, and it was very good. The speaker was not selling anything, and gave a great presentation on raising money.

To answer your question, Sean, Bill sells a set of courses that contain a ton of forms. The material is pretty good, too. Tends to be pretty basic stuff, but covers a lot of detail.

My thoughts exactly, went to the REI 2 day event earlier this year, and it was exactly what I thought it was, sell-i-nar. That is what I expected, so it wasnt too bad. Now I will really have to look at IRR. I have had CAREI on my calendar for a year solid, I cant break myself away from dollar productive activities to be sold something I dont need. :-p

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After being part of AZREIA, one of the best REI groups in the nation, CAREI does hold up the good standard. I'm not a huge fan that CAREI is run by a 'Guru', I might check out IRR however...

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Originally posted by J Scott:

Originally posted by Jesse R:

Do you sell these homes at retail value? You must be selling at a discount to get buyers within 30 days.

We sell at around market price (whatever that is these days)...

We do full rehabs, with everything new (even if low end), including all appliances, washer/dryer, window treatments, new flooring, all new fixtures, etc.

So, basically, our buyers are getting a fully renovated house that's completely move-in ready, which is very appealing to first-time buyers.

Additionally, we fully stage our houses, which I believe is the reason why they tend to move pretty quickly. Our competition doesn't stage, and most typical buyers aren't very conceptual when it comes to looking at an unfurnished space.

I agree 100%, with a quality rehab, people will be fighting for your house in the neighborhood. I sell a little below retail, if not right at it. I know guys who go 10% over retail and play the price drop game, but thats a waste of time because it never works.

1 Vote

Originally posted by Curtis Brown:

With all the FHA guidelines. What is the best way to buy rehab and sell a property with in 3 months besides finding a all cash buyer.

Conventional buyer will work too to get around the 90 day FHA rule. *Some* FHA underwriters will waive the 90 days if the property has been vacant for some time (how long, im not sure).

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Its true, you are responsible for any liens or past due water bills (can be thousands between the two). Kind of like a home inspection, is the $150 worth the thousands it might save you? Up to you, but I say yes.

County records are spotty at best, I look through about 300 properties a week for 3-4 counties worth of auctions, the best way is a an O&E search with a title company (free), followed by a title search (free for us, since we close about 10 REOs a month through them).

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Originally posted by Randall_CO:

My name is Randy, I am from Denver, Colorado.

I am new to RE investing although I have been participating in a local REIA group for the past year, and filling my mind with as many books/seminars as possible.

I have joined this site in order to get over the hump, turning my knowledge into action, and of course learning even more through the process. I would also like to start building a team of people whom I can work with and learn from. My background has nothing to do with RE, so I'll need some hand holding, haha. I'd love to work with people that are willing to walk through a deal with me.

My goals for RE go hand-in-hand with my goals for my life. I would like to build businesses that could essentially run themselves, that provide for me and my family and others. (Currently I'm an employee and own 0 businesses and assets, so I have a long way up =D). Ultimately I'd love to teach others everything that I have learned to empower others to be successful.

Welcome Randy! I know that with the input and resources here at BP, you will be a success! What exactly are you looking to do with REI? Fix/flip, rentals,wholesaling or ?

Also, what areas of Denver?

Anson

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Cool, turned out to be similar name issue, now closed and funded!

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All Forum Posts by: Anson Young

Anson Young has started 91 posts and replied 1784 times.

Post: U.S. & CHINA Ponzi Scheme?

Post: Asset Management Compainies

Post: New from Denver, CO

Post: Bill Bronchick Mentor Program

Post: Bill Bronchick Mentor Program

Post: What is your magic numbers for fix&flips?

Post: Real estate flipping

Post: Foreclosure auction

Post: New from Denver, CO

Post: First deal back in CO, over $44k on REO flip

Anson Young has started 91 posts and replied 1784 times.

Rounded Star Post: U.S. & CHINA Ponzi Scheme?

Rounded Star Post: Asset Management Compainies

Rounded Star Post: New from Denver, CO

Rounded Star Post: Bill Bronchick Mentor Program

Rounded Star Post: Bill Bronchick Mentor Program

Rounded Star Post: What is your magic numbers for fix&flips?

Rounded Star Post: Real estate flipping

Rounded Star Post: Foreclosure auction

Rounded Star Post: New from Denver, CO

Rounded Star Post: First deal back in CO, over $44k on REO flip

Post: U.S. & CHINA Ponzi Scheme?

Post: Asset Management Compainies

Post: New from Denver, CO

Post: Bill Bronchick Mentor Program

Post: Bill Bronchick Mentor Program

Post: What is your magic numbers for fix&flips?

Post: Real estate flipping

Post: Foreclosure auction

Post: New from Denver, CO

Post: First deal back in CO, over $44k on REO flip