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All Forum Posts by: Eric Beck

Eric Beck has started 4 posts and replied 7 times.

Post: Pinellas & Hillsborough County Touch Base

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

Wanted to reach out and see if there is anyone locally or out of state interested in jumping on a call this week to see if there is anything we can do to collaborate. Let’s use the call as a quick introduction and mastermind to see what opportunities we could potentially bring together.

A little about myself, I’m currently an operations manager at a company with around a six figure salary which I’ve been supplementing as an agent for the past 4-5 years.  Lived in South Tampa for a couple years and I’m currently living in Downtown St Petersburg. My strong points for the business are data and analytics. I’m currently putting together a system for locating motivated sellers through court records and other resources to find out if they are considering selling.  Most of my experience has been as a listing agent and am I am in early stages of moving towards wholesaling, flipping and rentals. I am actively looking for sellers in both Hillsborough and Pinellas County.

Message me to exchange information if you are interested in having a conversation sometime this week. Looking forward to talking.

Post: Looking for advice on my BRRR deal

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

Great deal!  What are your long term goals?  What would you do with the profits if it was 12+ months before the markets cool?

Post: First BRRR; Final numbers

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

That's fantastic! Did you pay cash for the property so there was no seasoning period for the cash out financing?

Post: Targeted Cold Calling List

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

Any Realtor's using ListSource for cold calling?  I know it's well utilized for mailings, but never hear much about using the data for phone contacts.

What search criteria are you using for your target prospects?

I currently am calling based on geographic areas using Mojo Sales Triple Dialer.  

Have been considering incorporating data from ListSource to get a more focused dials going on.  

Perhaps with the following criteria:
10 years ownership

100k+ equity

What would you suggest for the best target demographic and property details for calling as a Realtor looking for listings?

Post: Added value from canal

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

Looking at a property with 125ft of canal access on the backside with enough dock space for a 30ft boat.  Located in zip code 32257 and the canal has direct access to the St. Johns River in Jacksonville, FL.  Think the property is overpriced, but how much value do you think the canal access would add to the property?  It's a bit unique in not many homes in the area of this feature and even fewer of them have sold in the past 2-3 years that I'm aware of.  

Speaking in more general terms, when you have properties with unique characteristics, or not many comparable that are relative, what steps do you take to value the property?  Seems with properties like this it's 50% science 50% art and just know the area very well by seeing lots of property.

Post: Direct mail following phone contact with FSBO & Expireds

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1

Searching for a flexible direct mailing system provider that would nicely supplement the relationship building process after a cold call to an expired listing or FSBO. Envisioning having a selection of postcard or print information templates available to choose from that are fitting to the type of information that was extracted from the phone call. Given I hang up the phone and don't have an appointment, I'd like to with a few short clicks have a piece of mail showing up in their box within the next 48-72 hours at a reasonable cost. Currently using Wise Agent as my CRM if that has any relevance.

Any recommendations?  

Post: Cash is king

Eric BeckPosted
  • Investor
  • Tampa, FL
  • Posts 7
  • Votes 1
Originally posted by @Matt Devincenzo:

I'll chime in here with my limited (1) Fannie purchase that I had. It is in FL and the standard FL contract has a (1) Cash-no contingency box (2) Financed-contingency with XX days box. The Cash box specifically reserves the right for the buyer to pursue financing as long as it doesn't delay closing or add costs to the seller.

I had about 2/3 of the cash and my sister was providing 1/2 so I'd have funds for the rehab. I submitted my POF with a simple screen shot of her account and a quick sentence saying "she was committing the funds to the deal and understood there was no contingency", which she signed. I wasn't worried since I know she wouldn't back out so the funds would be available. Offer accepted and proceed with closing. My attorney was handling the loan docs for her money and everything was fine, until it got to the closing title company....they wanted to sink the deal and keep my 10K EMD.

The only solution was to do separate front and back end closings. My attorney closed the loan and received funds and then sent them to the sellers title company to close their portion. So like @John Chapman said in FL it seems as though it is a little bit of the no mans land. Next time I'll just make the offer with me choosing title and reduce the amount instead of allowing Fannie their choice of title and paying closing costs..lessons learned.

Will you elaborate more on what you would do next time in FL regarding working with Fannie; choosing title and reducing the amount instead of allowing Fannie their choice of title and paying closing costs?  Will you clarify more on this concept for a newbie?

Thank you.