All Forum Posts by: Deneuve Brutus

Hi @Chase Johnson I use https://www.projectmanagement.com/ to get all my templates for any PM related, its a subset of the Project Management Institute (PMI). There are ample official free templates in multiple formats available for downloads.

Hi @Trevor Ewen , I have yet to use the analytic tools and ads for REI marketing. However, I have used them for other ventures in the past. I've found depending on your age group millennial and younger FB ads works pretty good, you can combine FB ads with Instagram for cross-platform ads. Instagram works well if your targeting creatives or people with creative/visual mentality. For instance I would use IG ads if I had a rehab project I wanted to show off to potential people who have searched for "Home buying" or like terms in a 50 mile radius on FB or have matching interests. You can drill down to very specific niche searches with all ad platforms.

Google ads, Analytics, Keyword Search, Trends are all comprehensive tools you can use free from google. Major tip: make sure to set daily limits on all your campaigns as they can get quite expensive.

Twitter ads held my least successful campaigns, Linkedin is more for professionals looking to network/find jobs/create leads. LinkedIn maybe a great place to market to people who have to move for jobs or looking for a place to live short-term while on business trips.

@Troy Nonnemacher Docusign is the best one I've used so far, my agent sent me all my documents directly from Docusign and you can use it with Google Drive to save copies afterwards, there is more information listed on their website.

Also, I like to search " Software_I'mLooking_For alternatives" (Docusign Alternatives) someone usually has already answered that question .

@Blake King very irrelevant 2 years later however, I wanted to let people know of launchrock.com, I use it its free. It comes with analytical tools to let you know metrics about your market.

@James Gates congratulations! Thanks for sharing it is inspiring to read such stories.

Hi @Larry Turowski They do not want to move, my dad retires in the next 3 years. They are not distressed, they can make the payments. I think was a bad deal for them originally. I see an opportunity to help them out. Which I thought about while thinking where to find a seller, I need to learn BRRR, they want to renovate and retire soon, so win-win.

I think they already paid more than $70k (700-800/mth for 19 years, adjustable rate). I'll be running their numbers and looking into the contract they have soon. I've already moved out, so I'm most likely going to partner with my brother, to overlook the project. Thanks for the FHA Loan advice, that'll make the down payment and finance more do-able plus fast track when I can move forward with the whole thing, that's the route I'll take.

Thank you very much for time and response, I greatly appreciate it.

Good day everyone,

I'm doing research and learning  as my as I can, I just found BP like 2 days ago, after a friend told me about wholesaling. I've given RE investing some serious thought, like 3 years worth. I'm a Technical Project Lead, I know code, websites, networking, geek talk, RE stuff is new to me . I'm thinking of purchasing my parents home from them. They bought it at $70k in 2000 and still owe around $18k. Zillow ball parks the home value at $140k. The house was last remodeled in 1983. I figured knowing the area (Tampa, FL) and the changes that has happened in the last 19 years. Plus, the buzz of changes yet to come I get from the neighbors, friends and insiders. I'm looking to make Downtown Tampa, FL area my farm. I'm still learning all the calculations, and lingo to minimize my risk through BP podcasts, blogs and books. There have been investors literally knocking on people's doors offering them cash for their homes for the past couple years. A few have sold, and many have been flipped in the neighborhood.

My questions are: 

• How do I make this property cash-flow? ( Or maybe that is the wrong question ). 
• Would it be wise to do this as a first investment property? 

I'm looking for a way to own the title/deed/home by acquiring it from my parents for what they owe ( just learned about ""subject to" this morning, BP Podcast #2), then I'd need to find $20k to $50k for rehab, build the carport and the remainder of the foundation of the house (there are ample concrete/space around the house to build at least 3 more rooms) and transition from a single to a multi-family home. Rent out the newly remodeled space, while my parents live in the other space, which will need about $5 to $7k to rehab at the most (new kitchen cabinets, and tear now a divider wall to open the space up a bit). Rent in the area is from $1200 to $1800, there are condos 2 streets over going for $400k, they are relatively new, about 5 years old. The house across the street is sold for $180k and rented for $1800 in 2018, constructed 15 years ago.

My RE goal is to build long term wealth by owning single and multi-family homes, that generate a monthly net income of at least $10k. Possibly through the BRRR strategy which I just learned about yesterday (BP Podcast #197). I put this statement here because it may impact how to move forward and what answers I get. Plus, like most starting out I don't have much for a down payment so this is a 6 to 18 month plan for me, I also signed up for the 90 day challenge webinar.

Thanks for all your help, I appreciate your time.