All Forum Posts by: Harrison Painter

Wooooohooooooo!!!!!!

How could I not vote for this!!!!

(L) to the (O) to the (V) to the (E) to the (IT!!!!!)

Yes, that spells LOVE IT!!!

I had to crawl out of my lab to support my peeps Nick and Josh!!!!

Wooohooooo!!!!

This is all GREAT NEWS and It is only going to get bigger & better in 2010!

Keep up the great work Will!!

LOVE IT!

Harrison

P.S. Shorten links? Google ---> bit.ly and budurl

Congratulations my good man!

Bigger Pockets + New York Times = Monumental

LOVE IT!

Harrison

It feels good to be back Will! Thank you! I really missed BP! Especially the debates!!! (Let me get a quick Sorry into Josh ahead of time! LOL)

I have been growing a media company, and it has consumed most of my time. We now have resources from an inexpensive web based new media webinar training program to a complete new media outsourcing solution for celebrities, politicians, and companies with over $1 million in annual revenue.

I actually just got back from meetings in Los Angeles & San Diego yesterday, and It looks like I will be moving to your neck of the woods in 2010. Maybe we will be working a SoCal real estate deal together soon!

As you know, down markets = HUGE opportunity, and I am working my butt off to make it happen! I am working on a re-design of the Real Estate website, but it is going to be more along the lines of the "Diary of a Gladiator" concept from last year.

Thank you again for the warm welcome back, and I am looking forward to many great conversations to come!!!!

LOVE IT!

Harrison

I love the Indianapolis market. (Of course, I live here and am a little biased!) Houses are cheap, tenants are good, and the market is as solid as can be given the current climate.

I also 100% agree with Will. Las Vegas is a market that will pay off very nicely over the long haul. If you can keep the place rented, and ride out the storm, this is a market I feel will pay off very well.

Every strategy you look at needs to be a 5 year plan at this point. The market will be worse in 2010, and 2011 will probably see a slight recovery, but nothing to get excited about. It will probably be over sensationalized for political purposes too.

If you are investing for appreciation returns in less than 5 years, don't invest and put your money in the mattress.

My advice to people is to STOP buying slum properties. They might have better cash flow on paper, but are crap when it comes to real life. Buy a few pay grades up and attract tenants that are a better class of people.

I have lost a lot of clients to pie in the sky deals that were in these sub-par neighborhoods. Amateurs whine that my properties are too expensive when they have markets like Detroit where you can buy a home for the price of a cheeseburger. My philosophy is if I can't collect the rent at night without carrying a gun, I don't want my families future leveraged there.

In full disclosure, slums can be profitable for a do-it-yourself investor that has the stomach for it. However, if you are investing over long distance, there is too much reliance on a property manager that is probably slumming too. Sorry to the good PM's out there, but most of you are the worst business people I have ever met. As an investor, do you really want a failed Realtor in control of your financial future? Come on......

To best answer your question, there are deals in EVERY market right now. It comes down to price point, cash, and a good team to support you. This is your road to wealth, and with this knowledge it becomes less bumpy.

Just my 2 cents!

LOVE IT!

Harrison

Jason,

First key is to ABN (always be networking)

Second key is to ABL (always be learning)

Third key is to NEVER let emotions in the game.

You have been blessed to find BP as there is more opportunity to learn and network than anywhere on the web. People are always here to answer your questions and all of us want to see you succeed!

Keep up the great work, and feel free to contact me anytime if you need advice!

LOVE IT!

Harrison

If you have a great buyers agent, they can trump the power of one listing broker all day long.

Why?

Since asset management companies use multiple brokers to service their assets, the buyers agents who build the relationships with multiple REO brokers have more opportunity.

How can I make this claim?

Because I have done it for years!

If you honestly think ANY listing broker is going to be loyal over the long haul, you are just fooling yourself. They work for the asset management company, who works for the bank, not you. There will always be a bigger player with more influence, and that is just part of the game. We are all small fish in a very big pond. I know this is a tough pill to swallow, as it took my ego a long time to process too!

The current market is more about politics than money. Will, this is where I will disagree with you, money does not talk the way it used to. It is more who you know, and how you leverage those relationships, than how much cash you have. We have a client with access to $52 million verified, and I can tell you it means little until I get in front of the right connection as I wade thought the sea of daisy chain losers and wannabe power players!

My best advice to all investors is to keep your ego/emotions in check and build as many relationships as possible with buyer's agents, REO brokers, wholesalers, asset managers, BPO agents, and all others while keeping your eyes wide open at all times.

I can also tell you the best deals NEVER get listed. It takes people like me to constantly network and find the right opportunities that make sense for a person's investment strategy. No two investments are created equal!

The only clients I have worked with that lost money are the ones that did not listen to me, became arrogant a$$holes, or had expectations that where simply ridiculous. (Sometimes all of the above!)

I am back and will be full of opinion this time around as I will never bullsh** you or deal with people that are idiots when it comes to real estate investing.

If you want to make money, market in the new media space properly, and learn how to network effectively, follow my lead. If not, simply get out of the way so the others can make money!

LOVE IT!

Harrison

P.S. It feels good to be back in the BP Nation!

John's question is very valid!

Most of the folks I have met via NR have not made any money from RE, only from recruiting. Many of the leaders ONLY focus on that part of the business, and THAT is why NR gets the well deserved bad rap!

My partner, Ryan O'Donnell is a NR success story. He did 7 deals without using any of his own money, and it was all due to the NR education. Their actual program is very good, and I have never heard a bad thing about the actual education side of the business.

That said, many of Ryan's "mentors" were not happy that he chose to pursue real estate over recruiting. (Since it is an MLM, if you are a member not recruiting, the people above you make no money!)

I also found out that when you are at the "University" the head of NR comes to speak....Oh, and for an extra $99 fee!

Are you freakin' kidding me! A person just paid $19,500, or 50% of that, and now needs to pay extra to hear the leader talk about where the company is going???

My advice to NR if you really are authentic and want to change is simply this....DUMP the MLM portion of your business, lower the prices, and focus on creating REAL investors.

Just my two cents....

LOVE IT!

Harrison

How about a thread dedicated to social media so that people can share how they use these tools in business and life?

I know there are threads for the web and blogging here on BP, but social media is so much more than that.

It is certain tools, the power of networking, the balance of personal use and business, definition of spamming in Social media, video, live streaming, proper etiquette, people, facebook, twitter, tumblr, bam, bam, bam!

Hot topic that is business 2009, and growing, errr exploding, as people learn the power of the tools sitting right at their fingertips!

It is not about who is drinking coffee anymore!

Your thoughts?

LOVE IT!

Harrison