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All Forum Posts by: Billy Rogers

Billy Rogers has started 47 posts and replied 237 times.

Post: Great 5/3/2 PROPERTY in Euless, TX

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Do you have any interior photos?

Post: 10.8 Acres in Kaufman County Texas

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Price: $32,000

10.8 Acres in Kaufman County close to Hwy 80 past Elmo. The lot is landlocked with no access or easement. You will need to get an easement from the neighbors after purchasing the land.


I own this land free and clear.  No back taxes owed. Annual taxes are $962.

Land in this area has been selling for over 10k an acre. This is priced under market value and will move fast.

Latitude:32.71187°
Longitude:-96.12101°

No owner finance, Cash ONLY

SEE VIDEOS and PHOTOS HERE: https://goo.gl/photos/97HWwiCtco7nboJ79

[email protected]

214-566-7711

Post: Investing in Land

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

@Nicole Graves The things you want to check are if there are any back taxes owed to the county and if there are any liens on the property.  You can contact the county to find out about the taxes.   Most vacant land doesn't have any liens since not many banks will lend against it, but some will.   You will need to do a title search or pay for one.   (This is if you are self closing the loan, if you are using a title company they will do all of this)

  If the sellers deed says something like with Vendors Lien then they may still be money owed on a loan.   Other than that just make sure that you are getting it at a really low price and I don't mean 30% below assessed, I mean more like 75-80% below assessed value, unless you are really sure of what you can sell it for.   You should research land prices on RedFin, Realtor.com, LandWatch, Craigslist etc to get an idea of what the competition is trying to sell at.  

Post: How to search RealQuest for properties with no mortgages

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Can anyone tell me how to search for properties with no mortgages in RealQuest?  Or is it not possible?

Thanks,

Billy

Post: Bad Credit

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Find good deals and present them to investors.   

Post: Calling Out Mark Podolsky from the Land Geek

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

I bought Mark's course last year and have done 6 deals since then using his methods.  The first deal paid for the course.  I don't understand how people who haven't seen his course can say negative things about it.  I've been on BP for several years and feel like I have established a legitimate reputation.   His course simply lays out the steps to doing this business, nothing more.   If you do the work you will get results.   Most people are too scared to take action and instead criticize.   If anyone is skeptical PM me and I'll give the links to the county web sites that show the properties I've bought and sold.   

Post: Can I take cash out of Self Directed IRA and Pay penalty

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Thanks for all your replies.   I have enough in my 401k to buy enough rental properties to retire now.  If I withdrew all the money and paid the penalty and tax now, then there would not be enough money for me to live off of.   

Post: Can I take cash out of Self Directed IRA and Pay penalty

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Can I set up a self directed IRA, invest in rental properties and pull out the cashflow every month and pay the 10% penalty until I'm retirement age?

Post: ***systems****

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

I'm mainly doing land deals right now but it's the same concept - market for properties buy really low and flip the property (except I actually close and resell).   I started out printing letters and stuffing envelopes and hand addressing them.   It's really time consuming and doesn't save you much money when compared to using a mailing company.  It's also hard to scale up.  So  the one thing I can say is don't send your own mail.   Use a mailing company.   Maybe you already knew this, but wanted to mention it.

Other thing I use - Dropbox - but any cloud-based file storage system will work.  It's not necessary, but it's nice to be able to access your documents on any computer or smartphone.   A really good document scanner helps too.  I use the scansnap s1300i by Fujitsu.    

Right now I have my calls going to a google voice number and that's free.   I need to do some research on phone systems like RingCentral but have been putting it off.   

One thing I haven't figured out yet is a system to record incoming leads and to organize their information.   So far the volume I'm doing hasn't made that a big isuue.  I can see that eventually if I scale my marketing, I will need something to organize this.  

I think once you start getting deals you can decide what would help you the most. You don't have to have everything set up before you get started. Too many people get caught up in setting up an LLC, getting a PO BOX and getting a website and lots of other details. The most important thing is to get letters/postcards in the mail so that you can get deals.  Everything else is secondary.

Post: Buyer wants to delay sale

Billy RogersPosted
  • Investor
  • nowhere, TX
  • Posts 242
  • Votes 84

Thanks @Shmuel Harris

I eventually came to the conclusion that the first guy didn't keep his end of the deal, so I wasn't doing anything unethical by contacting the second guy.