All Forum Posts by: Julian Colvard

I agree. In most parts of the country, there will be no real estate recession.

The supply of housing is too low. Even if banks foreclose on many people at one time, the houses will not come up for sale at one time. The houses will slowly hit the market here in there and because the amount of houses on the market for sale is so low, when foreclosures hit the market, it will not make much of a difference. Unless it's a fixer-upper, foreclosures will most likely sell for more than ask price due to buyers buying out of desperation right now; buyers are tired of having submit 10+ offers just to get a house.

For there to be a recession in real estate, there has to be more houses on the market then buyers in the market. The amount of mortgage applications are at about the same as they were last year despite furloughs and layoffs. People are getting laid off, but there are not the people who are buying houses. Also, Builders are not building which contributes to the low housing Supply. Because of Corona, materials that Builders use have Skyrocketed in price, so many of them are not just slowing down, but are stopping (their projects) altogether.

1. Determine what the end goal is first. What do you and your wife want most, cashflow, appreciation, high returns with headache tenants, lower returns with tenants who almost never call you, the speed of retirement, etc.

2. After you determine what you want, either buy 2-3 books around it, buy a course/hire coach, and or watch a few youtube videos on that topic. 

***3. Contact Matt Faircloth. He wrote the book "Raising Private Capital" which is published by biggerpockets. He is not far from you. You can lend him your money and basically get paid to learn from him. Since you would be lending him money, he would answer all questions you have + you get a hands on, first hand look into what a multimillionaire full time investor does regularly.**** 

Personally, I would invest into nicer single family homes in B+ areas with expanding populations and close proximity to grocery stores and 5+ (5 on a scale from 1-10) school, looking for cash on cash returns of at least 8%. Those areas are primed for consistent appreciation (typically 3% per year in Atlanta, GA) AND the tenants are less of a headache. ***I would contact 5 agents and have each one make 2 offers 30k below list price per week for houses on the MLS. I do this now, but I make, on average, 50 offers per months (works excellent!).*** I would not buy any of these houses cash - i would use loans (from small local banks and credit unions bc they will finance all of your properties, most likely) and partners. I'm 26 with zero responsibilities to add context as to why I would invest 450k like this.

The top quality is responsiveness. The agent doesn't have to know anything about investing at all, but if they respond fast, most likely they are someone who is urgent about getting things done which helps when looking for contractors, project managers, and other resources along with finding out answers to the questions you have. 

I'm a realtor and a wholesaler. I have a property right now if you're interested. 

3/2, 1200 sq ft, asking price 82,000 and the current tenant is paying 950/month - house can hold 1k/month in rent; this is in the Jonesboro area.  Let me know if you want to to take a look to buy yourself, and i'll send you the address along with pictures.

if you're looking for a real estate agent who can work with investors, I would not even interview agents.

I will go to investors and ask them who their agent is. These are the agents who are experienced and will not waste your time, most likely.

From my experience, real estate agents do not know the first thing about investing. Some of them will even advise you to make higher offers so they can get paid more money on their Commission. Long story short, investor Savvy Realtors are less than 1% of all Realtors.

as long as you disclose that you plan on possibly a signing the contract and that you are a licensed realtor, there's no problem with anything.

The name of the game is disclosure. As long as it's on paper and the other party agrees by signing that piece of paper, you are protected.

never make it seem as if you're the one buying the property. Always  put the blame on somebody else by telling them that  the way you are getting to the number you are telling them is because of your "partners." Tell them that your partners are the ones who fund the purchase of the house  so everything  regarding to money is on them. Partners = Flippers

After you tell them your initial offer, sit in silence and wait to hear what they say.  If they start to get offended or upset, just say, " this is not the official offer. This is just what  my partners would like to be around . " after negotiating face to face and over the phone with  around  60  Property Owners, this usually calms them down almost always.

I used to run appointments with a million-dollar wholesale team, and I put 17 property under contract in a three-month span.

All I brought was a purchase and sale agreement, and comparables print it out on a sheet of paper or on a PDF in my phone to show their what other houses were selling for.

Currently, Julian Colvard is an established fitness strategist to the Atlanta University Center and its students, public speaker, and, some would consider, a scholarship specialist, obtaining over twenty-thousand dollars in external scholarship monies while attending Clark Atlanta University (Junior) on both academic and athletic scholarships. He was also the Director of Membership for the Collegiate 100 of Atlanta for the 2015-2016 school year, and is the Special Events Coordinator for this upcoming school year.

Instead of deciding to capitulate to the adversity attached with being a child born to a single mother in an impoverished neighborhood while having to attend a inner city school (which is in the bottom 5% of the worst performing schools in the state of Georgia), Julian Colvard made the decision to use his misfortunes as motivation while in pursuit of overcoming his circumstances, making a better life for himself and those around him.