All Forum Posts by: Jason Martin

@Theresa Harris forgot to tag you. See last post. 😁

Hello Theresa. Thank You! My wife and I are super excited to have our first kid. I will be the stay at home dad. I work from home normally (digital marketing business) but now I will be daddy day care in the day and work at night. 

Hello All. I believe in going out and networking is still the best way to find great deals... but, now I have a newborn baby girl (I am happy about this 😁). How can I still find deals while from home over the next 2-3 months?

Who's utilizing what methods from home? 

@Jennafer Kuzma local time you in Seminole. Looking to get my feet wet. Please let

Me know if we are able to meet up or I would love to join a meeting. Thanks

Appreciate the feedback... Sorry for my numbering error there. I am where you are for the most part. I have a few local realtors with MLS searches (also extremely competitive in my market) I lost two properties in the past two week due to cash buys coming in within an hour of meeting to sign. Talk about let downs! "Cash is King" is exactly right.

I just started utilizing foreclosure.com pairing that with skip tracing to contact owners and see if I can get ahead of it, but zero response back as of yet. Not sure the contact info is accurate or people just don't respond.

 I also went crazy and built 17 different spreadsheets that i still don't know if they help or not :( lol... I over analyze everything! I think I am going to use BP Calculators form now on. Time is money and its probably the fastest route.

As far as financing, I have a good chunk of equity in one property I may leverage at some point with a HELOC. I also have been talking with Hard money, but I am not comfortable with that yet. I have looked into IRA options for withdrawing for down payments

I have a great Title Company I am associated with, Coast to Coast Title out of Seminole FL, they are national and are legit the best people to work with and technology is second to none. I can connect you if you ever have a need. 

Looking to see who’s using what and why?

I spent 12 years in BD and Consulting. Every business I’ve walked into, the first thing we look to fix is their processes...Time spent is critical.

As a new REI I already know that putting a process (strategy) in place is going to be vital to my success. Without recreating the wheel, who has simplified, or wouldn't mind sharing their methods, softwares, marketing tactics, etc...

Looking for specifics i.e:

1. Search methods / Finding deals.

3.property analysis (spreadsheets, online, BP calculators).

2. Contact methods (skip trace, softwares,etc.)

3. Organizing ( follow ups, saved properties)

4. Funding ( one source, multiple sources teed up)

5. Closing.

6. Rinse, Repeat?

Basically, what is being utilized to go from A to Z as an investor. How many different ways are there to succeed?

Hope this sparks and helps others looking to create a strategy.

Thanks!

I Just realized my 1st rental property lost its Homestead Exemption and next month my mtg is going to increase by $400+... Luckily this property still cash flows, but I definitely want to fix this for this one and all future properties.

My next move was going to bring this property under an LLC, is there a way to LLC and keep homestead? I am sure someone has figured out how to maneuver around this.

Thanks in advance.

@Aleks Dahlberg

Appreciate the response. I’ll look into it. Thx

And to clarify, I mean pre-investment. Tracking multiple opportunities and following up on ones that may decrease in pricing, or a neighbor who knows a guy moving, etc. 

Hello All.

This may be a "whatever works for you" type response, but why re-create the wheel... 

Tracking investment opportunities and not losing site of them overtime... What system(s) are being utilized to manage these opportunities? Are majority of investors using spreadsheets, online software, or old school paper and pen?

After a few months of really getting out there, I can already see that being organized will be a necessity in this game.

Hope this post helps any other new investors that are just starting to get out there. 

Thanks!