All Forum Posts by: Karin Crompton

Welcome, @Tom Dever! And thanks to @Ann Bellamyfor the mention. We owned a vacation rental in North Conway for 5 years and sold the house last August. I would love to do it again, however, and love the White Mountains area as a year-round destination. Feel free to message me anytime or throw out some questions here.

Welcome, @Roxana Almanzar. You've found the best site for locating tips and how-to's. Do some searches here for what it is that interests you, and you'll be busy for weeks.

What, specifically, are you looking to learn more about?

I assume you're talking about a traditional auction scenario where participants can keep bidding, whether in person or online. If so, don't even think about the other guy. Establish your max and stay there. If someone else wins, fine. On to the next one.

If you're bidding in a sealed bid kind of situation where they open the envelope and highest bid wins - well, bid the max you're comfortable with.

Auctions take a lot of self control and the best thing you can do is to hone your focus. Strange as it may sound, you're not competing with anyone else in the room. You're just trying to snag a deal.

Congratulations on being rid of it, @Kalimah Jenkins. We've all been there. The thing I'm wondering is, why didn't you clean up the exterior to begin with? First impressions! They're not going to look past lack of curb appeal because they've got a "yuck" taste in their mouth before they even get inside.

Anyway, congrats again and it sounds like you learned some lessons that will only help you be more successful.

Welcome, @Brandon D.. Sounds like you're off to a good start. Best of luck!

Taxes are certainly something to keep in mind for resale purposes, but I'm confused by your comment that cities/towns with higher tax rates are the ones with better schools. I don't know how it is in NY, but It doesn't play out that way in CT (meaning, there is no such correlation).

As you've probably gleaned, there's no real right or wrong answer here, particularly when you're talking about a few hundred bucks (30k, we'd all be urging you to save your $$). Personally, I gained a lot when I was brand new by attending a day-long workshop and then a 5-day boot camp that were each reasonably priced. I learned terminology, the basics of evaluating repairs, the basics of working with contractors, what desktop underwriting is and how to qualify buyers, an overview on marketing for leads, a crash course on land trusts, etc etc. I'm glad I did it and feel it helped condense my learning time on those basics. We declined the upsell to more expensive coaching classes and training, and I'm glad we declined those. The basics got us started, and then we jumped in, got experience, read books and found BP.

How soon is that class? Here's a suggestion: take your bullet points and do a keyword search on BP for each of them; then listen to every Bigger Pockets podcast on wholesaling, and decide at that point whether to sign up for the class.

I'd reach out just to find out what, if anything, happened, but I wouldn't plan on working with this person unless you find out the miscommunication was on your part - i.e., the agent did indeed send the email and it went to trash, spam, whatever.

In the future, ditto what others said regarding follow-up: if I send an email I need a response to and don't hear back, I follow up pretty quickly to confirm it was received and whether they have an answer for me. In this case - a not-smoking-hot deal - I would have waited a day or two and followed up with the agent to ask what they found out. It lets the agent know that you are serious (you followed up) and also lets you know how this agent communicates and how quickly they work.

@John Lillard the next EL meetup is scheduled for Monday the 16th, though I don't think we realized at the time that it conflicts with a CTREIA meeting. Stay tuned to see whether we keep it or reschedule.

NL County has a ton of rental opportunities, from multi-families to apt buildings and college rentals to vacation rentals. Just do your due diligence, and you'll be good to go.

What, @Daniel Raposo , you mean you can't run and do the work on a rehab and also become an expert at videography???? ;-)

I'm no marketing expert, but I think that could potentially be a cool idea to provide buyers with a video narrative of the rehab. People like to know the history of their house and most find flipping a pretty fascinating subject. It would give the buyer a great conversation piece.