All Forum Posts by: Johnny Kula

CONGRATS!!!  I love seeing these types of posts!!!  It motivates the heck out of us all.

Johnny

Made a few changes to the front page as Josh mentioned.  Nothing crazy other than links to contact us, but named appropriately.  As we grow, so will the site.  Any other feedback would be great.  Constructive criticism is worth its weight in gold!  Thanks everyone!

Johnny

Thanks Josh!  I'll mess with it some more.  Work in progress :). Got a web form email too so there's some more stuff I have to fix up.  Thanks again everyone!

Johnny

A lot of people have been asking about web presence for investors.  Some have recommended it, some have not.

Well, I can't stand not having "something" so I spent the last few nights diligently working and have finished the site.  Wasn't too difficult, youtube was extremely helpful and wallaaaaaa, here it is!  

So for those newbies with a will, there is a way!

Feel free to ask questions and I'll help the best I can.

Johnny

Lowell Investment Group (LIG)

You know I will be there!!!!

@Brandon Turner I'm over here talking about "stealing" places like a used car salesman, and as I'm reading your book no money/low money down, I'm sinking lower and lower in my seat every time you mention the negatives of trying to steal property ethically and morally.  So I'd like to retract that comment above to say "get a good deal" not "steal"!  See!  Learning every day!!! 

Johnny

So, went and looked at it....needs about $25k to get it up to par.  Numbers don't work well even at a discount, but the place was a revolving door all day today (4 different people looking at it in the hour I was there).  Would be a GREAT owner occupied!  Dang...oh well.  Thanks everyone for your help!

Johnny

All,

Tomorrow I'm going to see the house in the location, location, location i've been looking for.  They are asking "right on the money" market value.

Question is, if you think it's going to be a 1 day sold and possible bidding war, how would you lock in and then work the numbers once the appraiser/contractor gets in there?  The place looks turn-key, but i'm sure it's got some issues...most do.  I'm thinking about offering their price, or even a few grand higher to lock it in and then negotiate down if/when the appraiser/contractor get in there, etc...I used to be a contractor so i'll be able to see the issues most likely while i'm looking and feel out the owner as he'll be letting us in.

Please let me know your strategies as I'm going to most likely make an offer tomorrow evening on it if all goes well.

Thanks,

Johnny

@Josh Caldwell this is something I have been thinking about, to the point of possibly making up postcard type flyers and emailing them to everyone in pre-foreclosure, etc...I throw an ad on craigslist as well.  I would love to work with someone, get their house, fix them up, and even offer a graduating lease for a year until they get on their feet again and if not evict, etc....Do you do business up in MA at all?

Johnny

@Brandon Turner I like your motivation ;) 

3 weeks ago I didn't know what a HELOC or 50% rule was. Since then I've read 5 books, took my RE Agent course (test on the 25th), done 4 webinars, a half dozen podcasts and have done analysis on over 6 properties, looked at 2 and have studied my area so much that I practically know it inside and out. I just worked my Broker and reached out to a Private Lender about non-traditional financing. Ive weened out one contractor and have a meeting with my A+ contractor this eve as well to discuss the near future. The crappy thing is there's nothing to make an offer on yet, but we are just getting over 10 feet of snow so I think its about to rain Multi's any minute! I am locked and loaded! I will Steal, Reno and Rent used car salesman style and will make money!!! There is nothing in my vocabulary that will allow otherwise! BP has changed my life!!!!!!!!! Mark my words, I will be a future podcast!!! Woot woooooooo!!!