All Forum Posts by: Brandon Morris

@Eric Patrick Oden thanks for the reply...I will say my contractor shot me that quote on the roof and patch and said it may be a little over as he didn't have the exact dims on the roof...he didn't go remeasure it but would come down if he over-shot it.  Hope my numbers are not too low on the rest, but have a little margin for error - 

Is this the best place to connect? Would you like my cell or email - not done much except reading on here.

So my wife and I are starting our first deal ever, by starting, I mean the paperwork isn't signed yet but should start today.

The hardmoney lender we're using has a sorta fail safe in place to keep us from doing something stupid - probably a good thing for noob, right!?

We were looking at a 5/3 foreclosure here in Mobile, AL been there a couple of times scoping it out.  Yesterday we met a contractor over there, after discussing what we wanted to accomplish, he stated that he wished he knew us a month ago.  He met a lady last month that came into town after her mother's death and they (the kids) would be happy to sell the house for $40K and just walk away.  Sure that there was no way she still had the house, he texted her, and to all of our surprise, they still had it...drove by, with our realtor, who was showing us the foreclosure.  The house is in relatively great shape.  It is a 3/1 in a nice neighborhood, 1025 sq/ft, great curb appeal, privacy fenced in back yard, and a roof leak.  Incidentally it was raining when we went there, but the roof was obviously very old, but made the leak very evident.  The ceiling wasn't awful so hasn't been leaking for long.  Carpets are in need of cleaning, probably don't need replaced...but removed in one room and discovered hardwood in that room.  That's really it.  Estimate on roof is $9200 for architectural shingles, fortified, and patching the damaged area.

Obvious deep clean the whole house, paint the inside, new appliances in the smallish kitchen, floors, & roof for all in repairs, cleaning, & appliances of $14,725

Comps came back and should be able list and get $109K after rehab.

After purchase, rehab, closing & rehab costs, as well as hard money lender fees, etc. should be able to net $28K

AND out ZERO MONEY out of pocket except for maybe earnest money.

The only thing right now is the property is in probate, but the probate courts are STILL OPEN here, so am told, it shouldn't take very long to get that done.

I'm curious...I wrote all that to say...I'm looking for partners in my area (Mobile, Alabama) and or mentors - I've been looking at real estate for a long time and finally made the decision to JUMP in...also if there are questions or concerns about this flip...let's chat.

My expertise is in QuickBooks and I KNOW that it would more than handle what you're needing. Another newcomer into this market is xero.com and it does handle class tracking which is what you're needing. It's starts at $9.00/mo - QuickBooks for Pro edition which about 90% of my clients are on, I can get for about $180, it retails for $250.

Amazing video...during my EMS career, Faulkner County, AR was my home away from home...we had a substation set up there in Mayflower where that was shot...I've had too many close calls with tornadoes in Arkansas and West Texas...thanks for sharing it though...

Thanks for all the welcomes...

@Brandon Turner & @Dmitriy Fomichenko I've got some keyword alerts set up...just set my phone up for the podcasts...looking forward to getting more involved...will check out the meet area soon as well

@Robert Norvell ... look forward to knowing you...perhaps meeting up sometime. I'm between Russellville and Bentonville all the time and have a few clients over in the Ft. Smith area as well.

@Joe Fairless Your signature line peeked my curiosity...in 6 years you went from $0 to $7 million of control...awesome...would love to learn from you.

Actually looking forward to gleaning from all of you that replied here :) So much to do, so little time...lol...

Have an AWESOME day everyone...will be back on here shortly!

Hi! Just a quick intro...My name is Brandon Morris and live in Atkins, AR. I am co-owner/founder of a business started in 2002 doing business software training, & support, specializing with QuickBooks financial software. We also do merchant services - love passive residual income! I don't mind working for it, the key is work on the front end and get paid for here on out. I say that not as a sales pitch but as a way of saying Real-Estate is NOT my expertise but I want it to be.

I'm here to learn. I'm here, hopefully to make connections to people who will let me work with them to get started in RE investing.

Nearly 40 years old, I left EMS as a career as a paramedic to start my current business. I have a wife of 17 years, a daughter who just turned 16, and just adopted twins who just turned 4. We also founded a ministry after years of serving as pastors in the church. This ministry is CW2 "Church Without Walls" Our goal is to take the ministry out of the church.

Which brings me to the next reason I'm here. I not only want to better myself and my family, I want to pass this on to others...to help those in need. We believe the law of sowing and reaping are still in effect today...some call it karma...whatever you call it...it's alive and well. :)

I look forward to getting involved here and face-to-face with others in the area.

I appreciate your time and assure you I'm not usually this long winded...just my intro. Have a GREAT day!

Brandon Morris