All Forum Posts by: Jeff Johnson

I did this for my primary home in Minnesota and got it reduced by 300 bucks. Did it on 08 and it will take effect in 2010. Its past the 09 deadline in 08 to get on that year.

They made a sweep through the area again this year. Hoping for more of a drop.

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Maybe to save the space you could have a tooltip that comes up when you put your cursor over the members avatar.

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Excellent advice. Thanks everyone.

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Originally posted by Norm Chrostowski:

Jeff, I've been told, get VERY good at ONE thing first. Learning Sub 2's, lease-options, and all the other ways of providing a homeonwer with a solution, can take a good amount of time to REALLY get an understanding of all the ins and outs. Talk with Ryan Webber, I bet he'll say it took a lot of time and learning, to get where he is at with wholesaling. Or Nick J. with regard to Sub 2's, I bet his answer would be the same. There's a LOT to know about one specific subject, let alone 3 or 4.

I would say pick an area of RE. Whether it be wholesaling, Sub 2's, L/O's whatever. Get to be an expert in one area first, then move on to further your RE education, and become a master in the next area...make sense?

How do I know? I was in this very situation. I thought if I didn't know all these "solutions' I'd be potentilally leaving deals on the table. Believe me, it too much to learn right away or all at once.

IMHO

Norm

That is good advice. Thank you for that.

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If you were to write a market analysis for a business plan in today's market how would you write it? I am having a little trouble with this as I try and get my plan totally on paper so if its needed for a financing I have it in place.

The issue I am having is that on one hand I can find properties that are very cheep as compared to 1 or 2 years ago. But its also harder to find buyers for homes. In my plan I am going to start out with a few smaller rehabs that will be aimed at first time home buyers. How do you write something that has such a big positive and also a big negative?

Thanks.

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Originally posted by MikeOH:

...and there's your trouble - too much talking, thinking, and knowing - AND NOT ENOUGH DOING!

You know Mike, if you were not right on the mark I might be pissed.

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Originally posted by nationwidepi:

Jeff, turn that "two REO guys" into 20-60 or more. That will drastically increase your chances for success.

You know, that is very good advice. The more the better. What do you use to organize all your contacts. Any special software or just something like outlook.

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Thanks Ross and Chris, I appreciate the response. I do have 2 REO guys right now. So hopefully that will help. I am working to get financing lined up. Once that's in place they will be ready to do some work for me.

I will check out the auctions. Do investor generally buy and sell on the same day to just make quick cash?

I have been searching Craig's list. Love that site. Will dig into that a little more. Thanks.

Keep the suggestions coming please. I am trying to find every approach I can. When writing the business plan I want to be as specific as possible.

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Originally posted by Matt Kearney:

I purchase all our properties directly from the sellers. I buy alot of short sales, fire damaged properties, condenmed homes and probate deals.
I have never been able to get a good deal off the MLS.. all the REO's in the neighborhoods I like to buy in sell very quickly with multiple offers. Too much competition.

When I buy from the individual sellers there is usually no competition, I'm the only game in town, and I can make some fantastic deals :D

The question I have for this is how do you find the sellers? If they are not on the MLS? Do you advertise and have them come to you. Do you have such a large network of people that you know when there is a distressed house in the area?

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All Forum Posts by: Jeff Johnson

Jeff Johnson has started 4 posts and replied 17 times.

Post: Making the deal happen

Post: "Protesting" Property Taxes

Post: Forum suggestion

Post: Market analysis

Post: Making the deal happen

Post: Market analysis

Post: When starting out

Post: When starting out

Post: When starting out

Post: How do you find properties to rehab?