All Forum Posts by: Wayne Brault

Thanks for the input everyone. There is no 1% realtor offered in my area. I’ve researched and looked high and low. Everything is 5-6%, which is not an interest for me. The market is hot and people are hot to buy here. 

Anyways-back yo my original question.. how to get on the MLS for a flat fee? And what is the best service to do so? I don't want to pay a lot. Thanks

Can you give me details please on how to do this please?

I see there are a bunch of them. Most seem to have shady or bad reviews. Anyone have experience using this when doing a FSBO? ... I'd appreciate your feedback who to use to get my house on the MLS (not using a realtor).

Thank you!

Longview, WA? If so, I can assist... Licensed, Bonded & Insured to do any scope of work.

@Max Keller 

Thank you so much for your positive post! I appreciate your feedback and it was very helpful for me to hear! I am still weighing out my options on this one. I will keep everyone posted! 

@Paul Hemming

Thank you for the kudos! I am thinking about doing the work as mentioned, but its a LOT of work. But I guess no risk, no reward, right? I am also thinking that I will then be able to better be able to assess the level of the project and see if just doing it myself seems more feasible. The house was built in 1990, so I'm thinking (and hoping) that everything still is working fine. She just needs a lot of TLC! The property is in Kelso, WA.

Hello everyone. As you can see, I got my first one under contract today. I feel like I got it for a good price, and had a friend/realtor look at it with me. The issue is, it was left in horrible condition. Mostly appears cosmetically and junk items left both inside and outside of the property. Not like hoarder status, but just lots of 'junk'. I believe there is a good $60k-$80k of meat on the bone with the ARV. Maybe more if one can source good deals on materials and labor. But she's a big project and needs love. It has an RV area with septic on the property, which is nice. It's close to the freeway, is on a pretty big lot, nice big front and back yard! A very nice quiet country setting. Even potential to trim some medium sized trees for a valley view in the back!

My original idea was to wholesale out the contract to another investor. The market here in the Longview - Kelso WA area seems to be doing pretty good. But then I wondered if I should clean up the property, remove the unbelievable amounts of 'stuff' left behind, mow the property and give it all just a little 'sprucing', if this would;  1. Increase the potential of buyers to sell the contract to and quicker (more presentable) 2. Increase the value of the contract itself  3. Possibly say, hey, I can just do this project from A-Z with the right backing/funding behind me (Not really in the position to buy and invest in the materials, but may have access to the funds) and tackle my first official flip project? I do have quite a lot of experience being a General Contractor.

I'd love to hear some feedback. Thank you all.

@Kevin Romines 

I really appreciate that! It's nice having a local resource with financial expertise! I believe I sent you a colleague request as well. Thanks again!

@Kevin Romines

Thank you for this reply Kevin! It's interesting you mention the HELOC! I have an appt. this morning with my Credit Union to discuss this very thing. And my proposed strategy was just that... to pull what I could as a down for a HML. I really appreciate your input and suggestions! And it's very nice to see someone on here locally! I worked on a HUD home last summer up in your neck of the woods!

Thank you both for your input. The area I live in is rather small, but the market is doing well here. I am not fully opposed to 'partnering' with an investor and doing the work, but not exactly what I am after at this stage of my life. I've done a lot of that in the past. It seemed like the various people I was working for at that time were more concerned about their own pockets, than they were mine.  Lot's of hurdles, personality conflicts, and set backs. I am 40 years old and would like to do my own project this go around.

I've heard that if you source a good enough deal equity wise here locally, HML's are willing to do no money down in certain scenarios. This of course, would be ideal.

Hello ladies and gentlemen. My name is 'Wayne' and I'm from Washington State. I was hoping to ask for a little advice. I am starting out as an investor and was hoping someone with experience could point me in the right direction. 

I am looking to buy and fix up my first property. A little about my current situation:

1. Licensed, Bonded & Insured General Contractor with good solid experience. 

2. Have remodeled homes for investors in the past, as well as my own projects.

3. I own a home with a small amount of equity in it. Approx. $30-$35k.

4. I have decent credit, but not 'good' per se. 650-660 fico.

5. Very Limited cash on hand and assets. 

6. Have a pretty good general grasp on basic investing as a whole. (ie, HML, Rates, 70% rule, etc, etc)

7. Am not putting this off anymore and have dreamed of my first project for 15 years. I will not accept 'No' for an answer.

Based on the above formula, what would you seasoned investors do if you were in my shoes and just starting out? Looking back on your experience? 

I'd sure love to hear your suggestions and would be greatly appreciated.