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All Forum Posts by: Chris Feltus

Chris Feltus has started 12 posts and replied 205 times.

Post: Selling homes without a license is a 3rd degree felony

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Edit, Removed.

Post: Thinking about starting a flipping blog, but unsure about sharing too much?

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152
Originally posted by Ned Carey:
The more you share the more you get.
As soon as people think you are afraid to share, you become the last person someone wants to share with.

Agreed. There is nothing new under the sun as they say. The secrets to real estate have been revealed long ago. Take the time to share with others, and you will receive back tenfold. If you document your journey and progress, eventually you will become an authority in your niche, and there are many ways this can be of benefit to you, and not just financially.

If everyone was tense and unwilling to share information openly and encourage each other onwards, Bigger Pockets would not be where it is today. Meditate on that one for a moment.

Post: Probate Letter Critique

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

As others have already stated the first paragraph needs work. Personally, I don't mention anything about death or the fact that the property is an estate. I use a professional white letter format that explains how I found their property through my local appraisal district. Which is actually a factual statement, I pull probate properties directly from the CAD, I no longer purchase a list for them.

The time to build empathy with them is at the property or on the phone, where you can be sincere and genuine.

Post: How to Wholesale a $1,000,000 dollar House

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152
Originally posted by Brian L.:
Not to mention that if you lock a deal up and can't sell it, the worst thing that happens is that you don't sell it. You have no downside.
Lock it up, get it done and come back here and gloat! :)

Good luck!

Be careful here. You are safeguarded as long as you have the house under an option and the deal is papered up correctly (contract). Make sure the end buyer is set to close before your option period is up. If the buyer backs out and its even one day past the option period, you will be held liable.

Post: DFW Title company hassles

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Siobhan Colwell Did you happen to interview a closing agent or two yet Siobhan? Let me know if you need any help.

Post: Can I Get "Lists" for Just Multifamily Properties?

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Check with your local appraisal district / tax assessor. You can often sort the database and specify SF or MF.

Post: DFW Title company hassles

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Siobhan Colwell Adobe Title and Stuart Title are good choices to consider.

Post: Too Many Gurus

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Quick word to the wise. For anyone considering purchasing mentoring, products or services. Make sure the person you are purchasing from is actively practicing what they claim to be teaching.

Its easier to teach than to close deals, and some people have taken advantage of this and made it their full time source of income by exploiting others. Too many "experts" have spent a pretty penny on marketing and hype to separate you from your cash.

Post: Find vacant homes now

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152
Originally posted by Jennifer Gibbs:
So far only about 50% of the calls I've gotten have been for vacant properties. The list I mailed was for vacant with high equity. Now I know that either way I am potentially getting a motivated seller on the line, so it may not be an issue. However, I PAID for vacant w/high equity.

This is my precise problem with the program. To make matters worse the price tag is fairly high ($1,000) and there is no evaluation or trial period for the product. I would be less apprehensive if I was able to try the program out, print out a list, and drive a good number of the properties to ensure the majority of them are indeed vacant. But reports such as this confirm my suspicions and state otherwise.

Post: Ryan Webber RIP

Chris FeltusPosted
  • Residential Real Estate Agent
  • Fort Worth , TX
  • Posts 211
  • Votes 152

Long before I started posting on the forum I would lurk here and follow a select few individuals here on bigger pockets. Ryan Webber, was one of those individuals.

I would spent a great deal of time analyzing every forum post and every thread he ever created. I learned so much about this business from escrow and title companies to marketing and assignment fees from his posts.

Unfortunately, I never had the opportunity to meet with Ryan in person or communicate with him online. I just wanted to chime in and let it be known that Ryan has helped out a ton of users on these forums even if indirectly, just from the information he has shared here openly.

My thoughts go out to his friends and family for their terrible loss. Ryan leaves behind a grand legacy, and I am very thankful that he shared information so openly.

You will be missed Ryan.