All Forum Posts by: Kris Haskins

hv u tried owner financing them to continue ur cashflow but just be passive with the nore? Or maybe lease optioning them.. how about section 8, they do direct deposit in our town, so there's no problem ever getting paid...

ur energy is in the right place and seems like ur enthusiastic about rei. SOME people start off wholesaling to generate more funds to put down. Dont forget the acquisition of a house is just the start, u will still hv to maintain the major repairs as well. which can be costly. But dont think ur begging for money. If anything ur offering a much needed service for people to get a high rate of return on their money by working w u. Good luck

wow such great thoughts to ponder on bp. Yes hence the double edge sword,to do a title search or not. I pray that u do. Had a friend really get burned from not doing one. Oh yeah, u can buy redemption rights too, by the way.... but for sherrif sales, we simply do a current owner plus 1 owner back. Typically that will be good enough as the current lender thats 4closing wouldn't hv lent if it was bad title. It does cost but that's the price of making 40k plus. Even worse, in our area sellers can get sales stopped the same day. Sometimes we're stuck with a bunch of usless searches. Id recommend always doing the current plus 1 owner back.... u could be buying a 2nd mortgage, that would hurt... if this info helped in any way, pls vote for my post... good luck, knockem dead.....

hey alex, u got the #1 question we all want to know. I don't know if there is a best way but I can say that the post card has been the most effective for us. If u get ur list or area u want then uploading ur postcard to click2mail.com is pretty affordable. if you have a good real estate agent to work with, you may be able to get a list of non owner occupied leads for free. if not you could try looking at Melissadata or listsource.com. so many different type of leads including my favorite.... pre-foreclosures, they're free too. If this helps in any way pls vote for my post.... good luck

interesting @khouri sounds tuff. SOMETIMES it really is time tobuy and sometimes notbuy. Is that market appreciating well?

wow great q, I would say this all depends on the immediately surrounding houses. Do they all hv garages? Is so, may be best to just add or expand that half bath to a full sexy bath w ceramic tub surround. Is all other props hv no garage, might be best to make it a 4/2bth if u can. I typically convert my3bds to 4 bds if I can. Seems to be less competition w 4bdrms as our market hs more 3bds than 4bds. Good luck and if this helps at all pls vote for my post.

thats a tuffy. Been in the biz for 10 yrs and still looking for those guys u described. But they are out there just gotta find them. Some investors dont like sharing their best guys because they may think ull use them so much then when the investor needs them, the contractor wont be avail. Go to ur local reia and look for good referrals. Also, do some driving for dollars to look for dumpsters in driveways around ur house. U can also get a list of recent low dollar solds and drive by to see how the contractor is performing. Dont be shy to just roll up on a house, got my best guys like that. Good luck and pls vote for my post if this helps at all. Always verify quality of work BEFORE U write a check.

In our mls agents can have assistants. Perhaps u could be hers. But watch out there are tons of hater agents that try to catch peeps doing anything outside the box. They're are lots of those out there and they will report u to the mls authorities. Good luck and vote on my post if this helped at all. The assistant agent will get u access to the mls... make it happen

hey kyle, yes.... I love when it seems like a light bulb comes on as it did for me years ago... the most powerful force in real estate is the fact that ur $ can work for u 24hrs a 7 days a week everyday all day anywheres in the country and world..... I get chills when get a chance to put this stuff together..... so... as for u, young jedi..... none of us can tell u whats best for u but I will say from my experience, ive learned for me its best to live off the eggs of golden goose as opposed to killing the goose.. once ur $ are sunk into a house, u can either live in that house or collect rents or flip it. The main reason I use my sdira is so im forced to reinvest the funds. Im literally forced to use those funds for real estate or some other investments and it always tax free for life. The good thing about the roth is that u can also partner with u own ira to make deals work. I hope this helps and pls vote for my post after reading...

AH, the days of getting started. Seems like a faint dream in my mind. I so wished I'd got some education before I got myself jammed up in the boom. So, the wrong way to invest:-personally guarantee debt and get jammed into high monthly payments with conventional wisdom and conventional lenders...

. Right way: get private money with no monthly payments and don't personally sign for it. There are all types of thoughts to this question and just like the NFL, every time has "right" way of doing real estate. Search out friends and family members that may have some capital you can get using. If you use hml's, make sure you are VERY knowledgeable about the deal and the market time. I've seen HM lenders take houses back without ever even informing the investor. Get educated and you'll be great. Don't get too many HM loans at once, they are very savvy kats and you will lose if you don't do what you agree to. If this helps, pls vote for my post. You're gonna be great.