All Forum Posts by: Corey Zant

I have to agree with @Jeremiah Phillips, there's very few deals, if any, on the MLS. If there is, multiple cash offers are thrown at it in under a day

Hey Eric,

What's your plan? Are you looking for something just to generally cash flow? Or looking for a deal? A college rental? I ran a 2016 analysis back in January- it outlined the best time to buy or sell was for certain price brackets in Lubbock based on absorption rates. I wouldn't mind shooting it to you or any other data.

But yes, right now is the hottest season of the year, and finding a deal is tough.

Call a professional. Call a professional. Call a professional. Termites are a colony insect, and have to be treated slowly. If you spray a few on the surface, a few may die, but the colony realizes somethings up, and moves elsewhere, damaging a new spot. Buckle down and spend money for the treatment from a professional.

Welcome Ted! Sounds like you're on the same path my wife and I are on here in Lubbock. Good luck to you! I'm starting the marketing process and searching for deals. There's not much on the MLS.. Hate to get off topic, but you mentioned you did cabinetry...is it something you still do? I was recently ripped off by a fly by night cabinet maker, and still have hall cabinets without doors in my personal house.

Hey Austin, Lubbock isn't as behind on the times as you might think..

Do you have a Facebook business page? I would create one if not, and make cheap ads, maybe an ad with a move in special. Almost everyone has a Facebook these days. You can target your desired tenant too, but I wouldn't get too narrow. We created an ad for a rental, spent maybe 70 bucks for a SFR, and had people going nuts for info. Although it's a vanity measure, it helped us get a lot of likes too. If you're new to FB ads, I'd be happy to help. I've spent quite a bit of money in it, but I am noticing it's getting a little more saturated with ads so conversion isn't as great as it used to be.

Hope this helps.

My advice might be a bit controversial, so take it with a grain of salt...

Just be true to yourself.

When I got into the business, I felt pressured to do the typical realtor activities that I personally hated, IE cold calling, door knocking, begging for referrals, pestering family and friends with scripts.

Because I hated being a pest, my motivation to keep on was draining. 

When I stopped, I was much happier, but of course I had to fill the void with real relationship building and real marketing.

I also noticed by discontinuing the fake laughs and BS, people noticed I was being true to myself, and my realtionships were more meaningful (and yes, meant more referrals).

Don't give in to gurus. Be real...And be patient...Be very patient. Think "long game".

Also, don't lie. If you don't know a question, just say "hmm, let me ask my broker", and  call or text a mentor that does know...but this shouldn't be an excuse to jump into the space knowing nothing, because no one wants to hire a "know nothing."

One other thing, sales and marketing should be viewed like a marriage. Real estate is a lag business- it's easy for the newbies to think "well I've got 3 deals under contract" and discontinue marketing. Your pipeline will be dry faster than you think. Dedicate every day to marketing or providing value to others.

Good luck!

Just want to open up and introduce myself to the BP community!

I have to say, the BP podcasts have been a great motivator. Listening has encouraged me to be more involved in the forums and give my 2 cents anywhere I can.

I've been involved in real estate since 2008. Did a little "house hacking" in college (without even knowing the concept), have helped with flips (in the construction), and finally did my first solo flip last year.

Although I'm licensed as an agent, I'm not here to be a human spammer. As long as there's something for me to learn from someone, I'm here to help and be valuable.

My personal short term goal is to start investing and holding rentals soon. I have access to short term private money, but the biggest challenge I foresee is refinancing and keeping cash flow, as I've never done it personally.

I'm interested in seeing the responses here. I've only rehabbed 2 houses where I needed to contract out other workers, and saw just how frustrating it is. Had tools stolen, was blatantly ripped off, and experience a lot of sub-par work.

Like @Account Closed said, you get what you pay for.