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All Forum Posts by: Jay Hinrichs

Jay Hinrichs has started 328 posts and replied 41849 times.

Post: Bandit Sign 2.0 Created 2,467 Leads all in one Week

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Antonio Coleman 

  Ok there you go.. .you did not post this in your first post if you read it ,, you insinuated  that they would get free lawn care IE someone comes out and mow's the lawn for free... Now your saying that they just get blurb on how to take care of a lawn and register to win FREE lawn care. I get it.. I think you could think outside the box and offer anyone who opts in to get a chance to win a big screen TV that would work.

AS for marketing been doing that a few years.

One of my favorites is I buy cruise line certificates 30 at a time.  and give those to clients and realtors they get the cert for free and it cost them either 99 bucks or 199 for a 5 day booze cruise out of new Orleans or Long beach.. I give those away at Brokers open when I have one of my new constructions coming on the market.. it works a heck of a lot better than a Starbucks card.. I bet  my attendance is 100% better.. they throw their card in the hat for the free cruise.. And since I buy 30 at a time they cost me 59.95 per cruise.. And they are good for 2 years.. Try that one on your bandit signs  and let me know how that works.

Been there done that and thanks for clarifying that your not bait and switching.. or at least you say your not.

Post: Las Vegas Real Estate Market Discussion

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Robert Adams 

@Phillip Dwyer 

@Tiger M. 

@Joe O 

Great conversation guys very insightful.. I have a client that timed vegas very well he sold his 100 unit apartment to a condo converter in 2006 for 5 mil.. He paid 2.5 3 years before. 1031 into an 80 unit I sold him in PDX.. Vegas as we know tanked so those that bought from him probably did not fair well his units were C class. he bought strong B in Portlandia and its held value or gone up a bit..  He then bought single family and 4 plexs in 09 and 10  and just put them on the market.. and thinks he will have a nice gain. I am selling him a 45 unit right next to the 80 units.. so he really timed Vegas well.

I have done a few fix and flips there this year that were Nice profit deals.

The FHA moving from 400 to 275k has got to really be a killer... man that's tough.

There will always be the buyer that wants to construction and I do recall hearing about lots being sold for 5 to 10k finished in the bottom of the market so they  are probably doing fine because they bought the dirt right.

Post: Bandit Sign 2.0 Created 2,467 Leads all in one Week

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Kimberly Land jscott

From your post I would say its totally un ethical and most likely illegal.  Unless you had a disclaimer saying that you could register and maybe win free lawn service.. But the way you posted this sounds like a bait and switch sleaze ball approach.

Reminds me of the Washington DC cops who sent out   mailers to individuals that were wanted for jumping bail and petty type stuff.. they offered free tickets to a Washington redskins game just had to show up show proof of ID and you won... they arrested 500 to 800 low lifes in that one sting.. Or like the bait cars  leave keys in the car and entice people to steal them.. same idea...

You could also put on your Bandit sign any other offer of some gift like a free big screen TV you would get 10k leads. 

I would think unless you have a disclaimer on your signs your probably going to hear from the authorities

Post: looking for a list of or recommendations for turn key investment companies

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Vishal Seth 

Vishal I bought my first personal residence in Milpitas CA  cira 1976... it was a Shapel home I paid 86k for on Arizona Ave across from Milpitas HIgh... that one home spring boarded me forward and I never looked back.. I sold it within 18 months for 150k.. Not bad for a 19 yo ... don't get sucked into the line that its all about cash flow and appreciation is icing on the cake.. appreciation is the cake and the only way you can really make it in RE unless you have the means to buy 50 to 100 rentals in the cash flow markets.. What happens is you buy 1 or 2  it goes good first year then reality hits you find it way to hard an frustrating when you houses are broke into your air-conditioning units are ripped off your tenants don't pay etc etc... And you stop buying ... But if you go out of state then you need to go all in.. because your not going to really make any money on appreciation in most markets and your not going ot retire on 100 a month positive cash for or 200 a month.. You can do good if as I state you buy 100 of them.. but not just a few.. A few properties out of state can actually cost you a boat load of money.

I asked Mr. Davis about  Memphis because I have a client from Austrialia that bought 4 homes .. its been a nightmare.. vacancies thefts.. And then when she went to sell them she would have taken a 30 to 40% loss.. Because the only one's who can sell for top dollar are turn key guys.. And the average investors does not have the benefit of all the marketing money they spend to bring in clients.  Use extreme caution when going out of state... look close to home first and foremost.  You don't know what you don't know vis a vi out of state

Post: Purchasing tax lien certificates

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Amber Ponte 

  lots to learn in Tax lien investing the biggest one is its not a guarantee in any way shape or form.. Like anything real estate related you need to be highly educated before you dive in lest you be separated from your hard earned money

Post: looking for a list of or recommendations for turn key investment companies

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Curt Davis 

 is Memphis cash flow the Reedy's?

Post: Can a realtor mark up my deal to his clients?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Bill Gulley 

  agree on all your points.

Post: Seller Financing-Creating Wealth method

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Bill Gulley 

  they do Sundays for open houses primarily.. I have a close friend that owns 11 newpapers in Oregon.. their revenue for advertising is off by 80 Plus % that's just a fact

Post: Do you need title insurance when buying a foreclosure?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Jeff S. 

Forgery is the reason that CA went to thumb prints on any document that transfers title. When I was a HML in Oakland back in the day... my predecessor had a big investor that was going down ( he bought Texas apartments that killed him) So he forged all sorts of documents from loan docs to reConveyance deeds.. was ultimately caught and went to prison. But the title co's who have to defend forgery took a huge hit.. it was over 10 million in this case. I also had more than one occasion where a nefarious person new of a closing and new when our title co. recorded ( they get time slots) and ran in an hour before and recorded a Trust Deed. so when I got my title policy I was in 2nd instead of first.. one call to Title and they had to make it right and then sue this person and or file a criminal complaint. Lots of wild forgery type stuff on CA for sure.

Post: Plot Plan - where can I get mine?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,623
  • Votes 64,426

@Bill Gulley 

  the joys of working on the west coast.. I just call my customer service rep at my title company tell them what I need.. and I will have it within 24 hours and all for no cost.. Just being a loyal client of the title company...

In SC were I have been buying its attorney driven and they don't have these kind of services so one needs to do it the way your describing Bill... Although for me.. since I am buying.. its just cheap insurance to get a new survey they are 500 bucks or so and are insurable.