All Forum Posts by: Christopher Carr

Hello, 

I am about to sign off on a few properties that are outside of my state, I am looking at these as potential lease option assignment deals. I was just curious as to how other investors market their properties remotely as I am always searching to improve my marketing techniques. My idea here was to get in touch with a leasing agent in the area so that they could search for a tenant buyer for me, in return I could give them a referral fee equal to one month's rent. Is this a fair agreement, what are your thoughts? 

Hello, 

I am currently about to sign off on a number of assignable lease option agreements, my marketing system has worked almost too well because now I am stuck trying to juggle about 10 potential deals. This wouldn't be an issue if it were not for the fact I have yet to close on my first deal, needless to say, I am feeling a bit overwhelmed. I need an investor who knows their way around assignable lease option agreements in addition to the closing process for such deals. I am not asking for someone to do the work for me, I simply want an advisor as I work through the motions, in return for your advice we can split the profits 50/50. 

Thank you. 

Hello BP, My business is growing and I am in the process of hiring VAs which could help out with cold calling. My question is straight forward, what programs exist that allow a foreign VA to call within the US for free? Thank you.

It's a SF home, isn't it true that by taking a home subject-to allows for you to set the terms on the lease option side, since the rent to own tenant is buying on terms? I know you get the deed by doing a subject-to deal, I was thinking of assigning that contract I negotiated with the seller to an investor who would be interested in moving a tenant in and setting up those specific terms themselves. I'd prefer not to stay in the deal long term if possible.

Hello, I am currently in the midst negotiating my first potential deal and would like to get some input on which creative REI technique would best work for this situation. The home is 2,755 soft, great area, great schools, and the seller is very motivated. The numbers: ARV: 200-210k Current mortgage: 160k Mortgage payment: 740 Tax per month: 151 Insurance per month: 75 Market rents: 1200-1500 Repairs: 20k I ran the numbers on the BP calculators to double check and as I was suspecting, it's over leveraged and can't seem to make any method work. The monthly expenses would eat up all the monthly cash flow and there is obviously not a large enough spread to flip it safely. Would a subject-to assignment somehow work if I offered to take over the payments and then assign that contract to a buyer? I'm still learning the subject-to method so I may be completely wrong. My gut tells me to follow up with the seller once they've paid down the mortgage a bit more. Anyways, thanks for reading and sorry for the long post.

Thanks Derek. 

Huntsville seems like a great city to invest from what I have read/seen, apparently it has the highest growth rate for STEM jobs in the country, which I imagine is terrific news for investors since that should mean great tenants with high incomes. Still trying to get a feel for the neighborhoods though, sorta looks like the SW and NW parts nearest to downtown have the lowest income with rent around 400-650. 

Hey everyone, brand new to BP. I just moved to Huntsville, Alabama to start my career in IT and have taken a serious interest into REI. I have been educating myself like crazy on the subject, soaking in about 12 hours of information on the weekdays and even more on the weekends. Currently refining my business/marketing plans and attempting to network, with my first REI meeting next week. My goal for the near future is to start by either buying and renting a multifamily or flipping a single family house.

As with trying anything new it can sometimes feel a bit daunting, which is why I am putting in the time now to learn as much as I can and hopefully meet someone who would be willing to guide me if any of my decisions seem flawed. One thing I would like some advice on is in what list order should I assemble my team? I know who I need and where I could find them, but want to make sure I approach them in the most efficient sequence. On a final note, if you happen to be around the Huntsville area and are in need of assistance with your REI business or have any questions, send me a message. I would be eager to help out anyway I can for free in exchange for actual in the field experience.