All Forum Posts by: Dominique Grayson

Thanks @Larry Turowski That is what I was thinking but I wanted to make sure I was on the right track.  We are starting to contact more agents in the specific areas of Houston because it is such a big market. You guys are awesome.

Hey guys. I have a question about listing comps.  I understand that sold comps are the ones to look at when you are comping your subject property but how important is a current listing comp? We have a house were the sold comps for that area is $350k. There is a house currently listed within .25 miles from that house that is selling for $350k and has been on the market for 35 days. It has already dropped in price. Should this be considered as a comp? If so, I've always been told to us sold comps and not listing comps. What are your thoughts?

Awesome @Tim LaBorde! lets meet for sure. shoot me an email when you can.

thanks @Eric Jackson. My tolerance WILL change once I get a few good deals under my belt. 

I didn't realize how good the partnership would be until I met the team and picked up my first lead driving around with these guys. Awesome stuff

thanks for the kind words @Shelton Love. We have to continue to uplift each other. Getting started is the hardest part!

thanks @Roland Thomas! Let's connect. What part of Houston do you and your buyers invest in?

thanks @Brad Chandler. I would love to connect and meet those buyers! Let's connect

Hey you guys! I have a question. Are any of you guys out their looking for good contractors in the Houston, Texas area? Just curious to see if people are liking their project managers right now.

Hello BP Family!

I wanted to give a quick update on my progression as a Real Estate Investor. First I want to give credit where credit is due. Thank you @Joshua Dorkin, @Brandon Turner and your entire support staff for creating this knowledge base and social network platform.  I have networked with many individuals and learned valuable things that will save me time and money down the line. I started listening to the biggerpockets podcasts earlier this year soaking up as much info as I could so I could prepare myself for the journey ahead. My wife and I were not sure exactly which investing direction to go but here is what I have chosen to do with the information given by all you wonderful people.

1. I partnered with a Relator who is open to real estate investing (my wife, we chose Keller Williams for the education)

2. I partnered with a company here in Houston, Texas that helps families going into foreclosure to take over payments of their home, find a new home and possibly a job. They will provide a list of individuals that are entering foreclosure and its my job to analyze the deals to see if there is enough equity for the owner to take on the project. I will receive 3 percent of the purchase price as a commission and my wife will sell the property and earn her commission on the back end if the owner decides to sell this property. I am not concerned with how much money I am making from doing the work as I am more interested in learning the business.

3. I also created a company that will wholesale properties that I find as i am driving for dollars working my partners lists. We have agreed that I will not take his leads create my own deals, but whatever I find on my own, I can keep. Whats cool is I believe this owner may become a private investor for some of these deals as time goes on. 

4. I have partnered with a contracting company that I feel does a great job on their projects and have many years of experience. 

currently, I work a full time, contract job that I was told will end next week. I feel better working a full time job to help pay my bills while I learn and take the pressure off. I have learned that trying to do full entrepreneurial projects while without knowing how you and your family are going to eat the next day is not my cup of tea. I failed at that too many times.  Instead, I will run my lists and have my wife look for jobs for me so we can capitalize as much as we can.

When I close my first deals with my partner, I will invest those funds into my business so I can do more direct mail campaigns.

Wish me luck! the count down begins...