All Forum Posts by: Billy Rogers

I used to use the space method...but it no longer works.   I just tried the method suggested above and it didn't work for me.    

OK I see the consensus is that they didn't have time.  Thanks everyone for your input.

Last Month I decided I was tired of dealing with my tenants an my PM who is terrible.  I sent an email telling that I'm withdrawing the lease renewal and selling the house and that she needs to give the tenants 30 days notice.

Instead she had them sign the lease the next day and said there's nothing I can do about it.   It's a large PM company and I tried to get others in the company to respons and several have ignored me.  Then I recieve this email

"Good morning Billy,

I looked into the issue and situation below.

The conversation started in regards to this renewal back on May the 7th. There was correspondence back an forth for a few days in which you approved the renewal offer to be sent and signed. We always start this process 45 to 60 days prior to the end of the lease because it does take some time.

Per your email below you sent an email to us on May 28th at 9:19 PM to cancel this offer. The tenant signed the lease on May 29th at 9:51 am. This was less than 2 business hours for us to cancel this offer to the tenant. Unfortunately this is an electronic process that once the tenant signed was automated from there. Part of that process is to send you an email telling you Congrats the tenant signed a renewal, which you received a couple of days later.

Unfortunately this process takes some time to stop, which is why we reach out to you before even starting the process. In this scenario we did not have enough time to stop the process and the renewal was executed.

I know that is not the answer that you want to hear, but it is the truth of the matter. If you do wish to sell the property you can still do this, it will just have to be sold occupied, likely to another investor. If you do want to discuss this further please let me know and we would be happy to assist."

They refused to follow my orders and keep telling me I can't do anything about it.    Can anyone give me some advice here?

I took his weekend seminar and thought it provided good information.   

They do try to upsell you to their coaching program.  The guy that was trying to upsell me was high pressure and that turned me off.   Actually, he was kind of insulting, told me I was never going to do anything on my own.   

That doesn't mean their program isn't good, just that individual was a terrible salesperson.

BP is great for single and multi-family investors, but it's not so great if you work in a niche area like land flipping.   You will mostly get comments from people that aren't actually currently working in the business of land flipping.

I emailed them and this is the response I got. 

"Thanks for contacting us. The 3 Day Class is $997 for you and a spouse, significant other or business. It also includes 3 Online On Demand Home Study Courses. 1) Rich Rewards in Notes (Performing Notes) 2) Big Money From Bad Debt (Non-Performing Notes) 3) Nothing Down Deal Architect (Buying and Selling on Terms). Each home study includes a detailed workbook.
 

"

I'd be interested in the Houston one.  How much are they charging?

Thanks @Mark B. .   I didn't know if it was like that everywhere or if this market is different from most others.   I'm just starting to look at multi families and when I crunched the numbers was surprised at what I found.   

I hear a lot of podcast where people say multifamily is so much better than single family and for a while now it's been my goal to either buy a small apartment building or mobile home park.   My goal is cashflow to cover my living expenses and not long-term price appreciation.

  I've been investing in a market in the midwest where I can get houses for 30-35k that rent for 800-900 month.   In that same market the cheapest multifamily i can find is selling for 40k a unit (renting for $550) and most are higher.   I'm having trouble justifying paying more per unit to get a lower return.  Can anyone explain why i should be willing to pay more per unit for multifamily investments?

Mark's course is definitely legitimate.  I made over 50k in gross profits last year doing this, all cash flips.   I do wish to reiterate that it does take a lot of work and a lot of time.