All Forum Posts by: Kris Haskins

ok guys let us in on the secret???

the city collect RE taxes.  

wow nice...   sounds like my life.   Way 2 make it happen...

 Thnx nick. Yes all mine.  But I did run into a guy a few days ago that said we investors are unsung heroes and I just wanted to share w u guys....   we need to get good press.  We only get "those low ball offer making" comments in public from my experience ...  

I just want to take this time to say THANK YOU!!!  to all real estate investors.  You unsung heroes that are:

1.  GIVING JOBS TO THE UN-EMPLOYABLE people in your community.  The good hard working men and woman that have a challenged work history or perhaps have a not so colorful background with the criminal justice system.  You usually don't even ask about their history when every other job does.  You get a pat on the back because some of them truly need a 2nd chance and you give it to them.  

2. PAYING THOUSANDS TO LOCAL REALTORS that list your houses even though sometimes they may or may not even do anything but list it on the MLS(no offense to realtors because you do work hard). You investors usually pay 6% per house and based on just 2 houses a year at $100k that's $6k per house, you're assisting your local economy with $12k to go around for those 2 houses not to mention all of the others you buy....

3.  KEEPING MORTGAGE BROKERS WITH NEW PRODUCT that can actually pass an stringent appraisal and actually go to closing.  As we move into another cycle where money is starting to flow, appraisers seem to be carrying the brunt of verifying the houses are in good shape.   You keep the loan processors in business and getting their points so they can get paid as well.  For without your newly reno'd houses, the market would move much slower.

4.  KEEPING LENDERS LENDING,  I'm not going to get into them, but you do help the banks make money hence keeping people employed....

5.  KEEPING LOCAL BUILDING MATERIAL SUPPLIERS busy while you support them by using there products in your flips.

6.  MAKING YOUR COMMUNITY a beautiful place to live by just having a professional eye and making ugly houses, sexy again...

7.  PAYING YOUR FAIR SHARE IN TAXES to local city gov't as well as the big fed guys.  The last time I checked, you pay real estate taxes on every house you own.  Sure, the tenant pays for you in your rental but that's much better than vacant houses bringing down the city income when the banks have them just sitting...

8.   GIVING NEW HOME OWNERS A GREAT PLACE TO LIVE, INSTEAD OF A COMPLETE DUMP WHERE THEY HAVE to sink money into make it a home.

9.  YOU HELP PEOPLE GET A GREAT rate of return on their money by using private lenders to fund your flips.  You pay 10-20 times more to Ma and Pa than the stock market would ever pay and it's secured by real estate so your lenders are completely secured..     You should be hugged for that, not punished by politicians and the SEC.   (what's the future of crowdfunding)???

10   THANK GOD FOR MYSELF, because I'm a real estate investor who rocks and you do too.  Go out there and keep it up.. 

I won't necessarily say you DON"T have a deal.  please send over the numbers so we can guide you the best.  PLus most cash guys are not scraping craigslist everyday looking for deals.  We're out there running rehabs and looking at houses.  There are a dozen other things you can do, but only if the numbers work.  send them over, i'll be waiting..

OH man, I think this job sounds A LOT tight.  I just spent $50k on a 1000sf rehab.  Things are going up quickly.  You're looking at $10k on the kitchen if you want it right.  DOn't forget appliances are (stainless) are going to be $2k off the top.  send us some pics so we can take a look at your job.  Since you're living in it, I'd piece it together with kit and baths 1st, then more stuff over the years.  This is going to be  time for you but a good time..  plus the neighbors will love you...

sounds like a pickle, most of us here at bp usually buy at 50% on the dollar UNLESS it's an owner occ....   Owner occ's need NO FORMULA other than making your life better and happy(hence making  your gf happy) I say as long as the payment are affordable, one day the market will turn in your favor for a resell.  But don' forget, you're paying back 3X what's borrowed on a 30 year amortized loan.  let us know how goes it...

hey Derek welcome to the community and let's get you some momentum going. First thing is I think you may hv  a misconception about wholesaling as it is nothing more than a constant hustle looking for deals to squeeze money out of before you sell to end in buyer.  You will still be self-employed and the banks are going to look at you the same way.  I would have to say the fastest way to get rolling would be to co-wholesale with another wholesaler. You can go out there and call the "We Buy Houses" signs and see if they have anything that you could possibly sell for them. I believe that will give you the fastest return so you don't have to go out and build a large seller list to find your deals.

Hey BP, if you're an investor and have deal experience, I'm looking for editors for my monthly newsletter.  I will pay a writers fee for a 1000 word article with real estate investing content.   I can send you our latest newsletter to view and understand how the newsletter flows...  If interested, pls reply, or send me a private message... thnx