All Forum Posts by: Brian Feltz

Ian Dodoo Thank you! Yes, craigslist is very useful! There are deals to be had, you may have to weed through hundreds of ads that are useless to find a good deal... but its free!

Sam Harrington Congrats! I put my first property under contract last Friday! Check out my post about my first deal and you can follow my whole experience up until the moment I close the deal.

Well, last night I got up in front of my local REIA during the "Wants and Needs" open mic time. My heart just started pounding right now thinking about it! Hahaha! I really have a fear of speaking in front of crowds... needless to say I bombed! But at least I had flyers printed up and set out for the Duplex I am selling. Some of the details I forgot to mention while trying not to die in front of everyone was Monthly Rent, Bedroom & Bath information. Seriously, Im almost sweating thinking back to my 15 seconds on the mic! Hahaha! I am fine in groups of a few people, but amplify my voice and put me in front of a room full...
My anxiety aside, it was a good meeting. I meet several of my fellow BP members there, Jesse Tsai Orlando Centeno and Kay Mays. I even signed up for their weekend long boot camp next month. I am not one to spend money on coaching or other peoples ideas, but I figure if it gets me one deal it pays for itself. The networking will be worth it. There are people who buy plane tickets and hotel rooms to network, so a boot camp seems worth it. I also need to work out my anxieties of speaking in groups, this may help. :)

Another questions... do I open escrow on this deal if my exit strategy is assigning?? If so, WHEN do I open it and does it cost money to open it??

I appreciate any comments and suggestions!

One question in this process... well maybe a few... but one for now.

At what point do I tell a prospective buyer this will be an assignment deal and what if they do not really understand and it scares them off? When do I show them my PSA? Obviously wouldnt they want to know the terms of the PSA before signing an Assignment with me??

Lucien Pruszynski Welcome to BP! There is plenty of information here for you. If you can not find it, just ask, someone will have an answer for you.

Cameron Parker Welcome to BP Cuz! Glad you took my advice and signed up. You will find answers to just about every question you will come across in real estate investing! Now, get to work and get those deals!

I came across a new one today!
"Persist until Failure Quits" -Unknown

I like that one. I heard it on No Limits Podcast.

Dawn A. I dont know. I have not talked to them and dont know if the owner has either. It wouldnt hurt to offer it up to them I guess. Thanks for the tip.

Well, the property went public today. I let a handful of my personal buyers know about it first and told them it was going public this morning. So, First thing this morning while I was posting my ads on Craigslist for buyers and sellers I posted the ad for my Duplex. Then during my lunch I spent time creating a postlet (first time user) and it was pretty darn easy... EXCEPT they messed up my phone number verification so now I have to contact postlet help to get my number verified before the ad can go public. I also started creating a Kijiji ad, but am having issues uploading pictures to it so I will have to attempt that one from home.
I already have a showing setup for Thursday and possibly another one for tomorrow... may push it to Thursday as well just so I am not disturbing the tenants any more than I already have to. I may be trying to sell it, but they are trying to live.
Just wanted to keep everyone up to date on how it is going!