All Forum Posts by: Michael B.

Thanks Andrew, I don't know why I didn't get an alert that you had posted a reply but belated thanks for the referral. 

Hi everyone,

I'm getting my team in place before doing my first direct mail piece. I'm looking for any recommendations for a Seattle title company or a closing attorney. 

Thanks in advance!

--Michael

You bet! I joined REAPS in December and have been really impressed with the energy of the members, organization of events, the speakers they've lined up, etc.

Hi Darren,

Welcome to BP from another Washingtonian.

BP is a great resource with many generous individuals willing to share their expertise. Perhaps I'll see you out and about at various local REI events, too.

Cheers,

--Michael

Welcome Rogers!

I'm also in the Seattle area and recently joined REAPS. So far, I've been impressed. I've also noticed there are some REI meet-ups.

Are you doing any direct mail or are you making MLS offers?

--Michael

Hi Philip,

Welcome to BP. I'm new also but had been lurking on the site for a while; such a great resource.

Spent 4 months in DC for work and loved it. There are plenty of pockets ripe for fixing and flipping. 

Cheers,

Michael

Ryan,

I, like others, have been highly anticipating the outcome of this deal.

If you made your best offer, the one you're comfortable with at $65k, then I would stand by that but leave the door open with the seller so she can return to you without loss of face. I would stand by the 70% of ARV minus rehab costs. It seems like you are negotiating with your better judgment in thinking about paying more. Some guru or another says you make your money at purchase. Wise words.

What's the market like in your area for small (<1000 sq ft) houses without garages that have small 3rd bedroom additions [that may be funky or diy]? If you're really not sure, be conservative. 

I also would be leery about partnering with the homeowner who couldn't finish the house in the first place. If she harbors any issues/resentment about the arrangement, there's potential for that to go sour. I would personally buy or not buy in this situation.

Maybe I'm being super conservative, but it's in my nature to be cautious. But I'm also optimistic about your finding even better deals--you just have to get them in your pipeline. And then you'll get a return call from this seller asking if your offer is still good. Good luck! I'm rooting for you. 

--Michael

Hi Scott,

Welcome to BP. Fellow Seattlelite here--in a past life I was a film production major and worked on commercials.

I think you'll find a lot of great information here. I joined REAPS in December and highly recommend it.

Cheers,

Michael 

Thanks, all. My name is pronounced the usual way Michael is, a la Michael Learned (the actor who played the mother on the Waltons).

I'll be at the next REAPS member meeting in Feb. If you're there, I'll have my "new member" badge on.

Thank you! Nice to connect with more women investors.