All Forum Posts by: Ken Mitchell

There is significant opportunity for thouse who aren't afraid of a little hard work. Next time you're this way, look me up!

Ken

1 year with no takers.....i'd offer 110...

knocking down walls is a blast!

I've worked for a national hard money lender and wholesaler for the past 4 years and am currently seeking to start my own firm here in the Charlotte area.

I worked through college as an auto mechanic which pretty much cements the fix-it mentality i have.

I was also the operations director at a large outdoor amphitheater for almost 5 years and that has to be one of the most abused pieces of real estate in town. Contracting repairs became second nature after that experience and it has served me well in my current and past endeavors.

Thanks for the welcome!

Ken

i think that most saavy investors are licensed agents and scan new mls listing at least 3 times a day to cherry pick the best deals. i work in a tight market and your typically good mls deal is gone in a matter of hours because the sharp investor is laptoping from the car on the hour every hour and can email a contract from the car on the spot.

I'm not implying that these licensed agents are actually practicing, they use their license simply as a tool to troll the mls, not to represent you or anyone else.

now, its not a bad idea to find a green agent to low ball offer through if you aren't licensed but again, if you're waiting for a licensed agent to deliver a good deal to you, you're backing up.....

one of the biggies....

CAN YOU GET THEM ON THE PHONE!

y'all bring cash! ya hear!

are yuins pokin fun at us country folk...

buy in winter, sell in summer.

families with kids in school are reluctant to move during the school year. to maximize profits on your deals in good school districts, get your house on the market no latter than april or may so the deal can close and the new owners can be in the house before school starts in the fall.

if you're thinking that a realtor will steer you into good deals, you're spinning your wheels. you've got to find those yourself. the ones that have been around long enough to be in the know are buying up the great deals leaving the scrapes for you.

most realtors i run across know squat about repairs but can be helpful at suggesting fixtures and finishes. don't depend on them to budget your rehab.

realtors are helpful at marketing your finished product. negotiate a lower commission rate based on your repeat business potential.

1. watching and believing "house porn" on TLC

2. not knowing anything about construction

3. not knowing anything about financing

4. over of under spending on rehab

5. thinking a house on a busy street would sell as well as one in the neighborhood.

6. thinking basement square footage appraises close to above grade square footage.

7. butchering floorplans trying to create more contemporary living space.

8. buying houses that the "budwieser gang" had added on too in the past hoping i could use the square footage to my advantage.

9. cutting corners on repairs

10. not having a good closing attorney