All Forum Posts by: Brian Johnson

 I use a property management company.  We have a lowest price set.  So they do not need to call me.   Example:  I have rent set at $875 but I will expect $850.   So if you make a offer than the PM company should be able decide if that is fair offer.

I never used a bird dog method but if the deal is good I don't really care who else makes money on the deal.  Sounds pretty good endeavor for people that want in business but don't have much capital.

That is good to know @James Wise,

I will need all the help I can get.  Moving to a new area with no contacts will be tough.  

I think maybe mailing the FSBO is the safe way to do it. This may be a stretch and will require legwork but targeting neighborhoods and finding homes that are the ugly homes in the area. Sending them letters or even striking up conversation if you can. One other thing is by checking in the master commissioners office for potential foreclosures. That is how I would try and buy homes for the investment purpose. Maybe it could work for getting listings.

I am not a agent yet but will be next month so that is one thing I want to try.

I really like how Perry put it.  Most poor people thinks that when they see a expensive car the person driving is rich.  I see that all the time in the parking lot where I work.  New cars or expensive European cars in the parking lot all over.  I know how much most people make in the auto factory where I work and in my option they cant afford it. 

This is how I decide on what vehicle I need.   If I can't pay it off in 2 years then I can't afford it.

Some good reading on this thread. 

Based on what I am reading,  Owning and managing rentals will be a good advantage as a real estate agent.  I hope it will help me gain a strong footing in the market.  Next month I will be moving into the RE agent career.  I will try to exploit my experience in investing, time will tell.

I want to raise this question again. I am moving to the Tampa Bay area on January 7th. The idea is to get in contact with some of the brokers before I move down to the area. It is going to be a challenge enough to move down to Tampa Bay from Kentucky.  Considering that we know virtually no one. It will be an uphill battle for me to get a position in the area but I have confidence that I can.

If anyone has any key questions to ask the brokers that will help me decide the best brokerage for my skill set. That would be greatly appreciated. At the beginning I feel that I should focus on property managing. I have owned and ran every aspect of owning investment properties. So I have a good since of cost evaluation on rehabs and the other technical aspects of running rentals. It will be great to get some income that will offset the gap until I get some listings or prospects on selling and buying area of being a real estate agent.

Very nice looking rehab and wonderful tips on doing a flip.  I added some great tips to my notes.

I look forward to see what price you got for it.

The smaller local banks should be able to help you.  You may have to call and even speak to a loan officer one on one a few times but you can get loans under $50,000.  I ask the same question. 

I did the same thing but never thought about the legal part.  My thoughts are if you own the property and you did not sign a letter of excepting a set price.  You can do what you want.  If they protest it then except the application (with recording fees) and deny them for what ever reason.  Then up the rent amount.