All Forum Posts by: Dave Hurt

@Jesse Peña welcome to BP! You've landed in the right place to begin your REI education!

Thanks @Don Harris!  We need to get another meet up together soon!

Update - It's been quite a while since I posted on this thread - been very busy!  Something I didn't mention in my intro post is that we also own a restaurant, and have a second restaurant under construction - so that has kept me very busy!  However, restaurant #2 will be complete next week and I have had a little more time lately.

Renovations on the primary residence - our market has only gotten hotter and now based on comps it looks like we should be able to sell around 280-300k without renovating the kitchen or bathrooms (a 3/2 on my street in similar condition is currently under contract at 279k - one less bedroom and less a half bath, not in the cul de sac, and half the lot size).  So we are painting, doing some landscaping, and listing this baby ASAP!

Direct Mail Campaign - I launched my direct mail campaign a couple of weeks ago with the help of @Jerry Puckett.  I have committed to 1000 mailers/month to absentee owners for 6 months and have already started receiving calls.  Most are tire kickers so far, and aren't motivated, but I have a few promising leads that I'm working. So far I've gotten 19 calls and 3 letters - quite a few saying they aren't interested, and to leave them alone - but that comes with the territory!  Coming from a background in sales & recruiting - I have to say I'm really enjoying talking to prospects!

That's it for now - more to come soon!

Another update - coming right along!  Still on track to complete next week!

@James Slaughter thank you!  Yes the Panthers have definitely been good for business :)

@Matt McCourry thanks! I'll shoot you a message with the location.

@Nyla Hucks I will shoot you a private message!

Quick update on our Myrtle Beach unit: drywall is up, tile laid in kitchen and main dining area (not shown in picture), bar structure is complete, and ceiling painted black. Construction should be complete in 2 weeks and we should be opening mid-January!  In the next update it will actually look like a restaurant!

@Rick Alvi it is hard to beat the 'house-hacking' of a small multifamily using 3.5% down FHA financing, but you mentioned the price being a pain point in your market.

What is your budget?

I just ran a quick search in Houston and there appear to be quite a few triplexes and quadraplexes on the MLS that are in a reasonable range (moreso than my market of Charlotte, NC actually).

Hi @Brittany Goanue and welcome to BP!  I'm in Charlotte, NC but originally hail from your neck of the woods.  If you haven't yet, spend some time listening to all of the BP Podcasts - they offer up LOADS of invaluable info and are completely free!

Regarding building a buyer's list, I think most on here would agree that is the 'easy' part and shouldn't be your focus - find a home run of a deal, and you shouldn't have any trouble finding buyers.

To that end though, a great start is by networking here on BP, and I'd highly recommend investing in a Pro membership - you'll have the ability to post your deals in the Marketplace, along with a host of other benefits.

Welcome and happy investing!