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All Forum Posts by: Christopher Coleman

Christopher Coleman has started 2 posts and replied 57 times.

Post: Detroit Property WHOLESALE DEAL - 3 bed, 1 bath $5000 plus must pay '09 '10 taxes at $8000

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

Are taxes normally 4000+ a year for this property or is that interest?

Post: Duplex Deal Analysis

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

Sec 8 has always been a big problem for us. The numbers can be attractive but the hassle usually not worth it for me.

Good luck out there.

Post: Experiences for out of state landlords with in market partners

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9
Originally posted by Mehran Kamari:
Christopher Coleman I've been meaning to respond to this thread for a while now, just been real busy.


Hey Mehran,
Thanks for the reply, don't worry I totally understand being really busy hahaha

I'm really glad that you have had some good experiences so far. It seems like a little research before hand goes a long way. So far I've been lucky to only have had some minor problems as well. Being upfront and transparent even when things are not going well can be difficult but in the long run builds long lasting relationships.

I completely agree without a trusted adviser on the ground operations can get difficult fast.

I appreciate the complement, we are working every day to build a more effective company here.

Thanks
Christopher


Post: Investing out of state

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9
Originally posted by Larry Littrell:
Christopher Coleman, Dawn A. Would one of you guys adopt me? ;) 30k would barely get me a down payment in this area.

Hahaha WOW, I hope it would at least have a good view for that price.

Post: What's a reasonable time for an agent to write an offer. CA.

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

Thanks happen but with esign, its usually that day. In most cases I can write a contract from my phone.

Post: Experiences for out of state landlords with in market partners

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9
Originally posted by Jenkins Ramon:

I personally feel it’s not the agent or project manager
money, so investors should not rush into
pulling trigger on purchase / investments

Yes I agree,
there is always pressure to make sales, but its not worth ruining repeat business by rushing into a sub par investment. Just last month my client wanted to extend a bid that I felt could push us too close to his final rehab budget. It didn't feel good to miss the property, but it was safe. I always try to be as transparent with every step as possible. Video tours of all potential properties, video updates on work completed ect. It does take a large amount of trust on the part of the investor and that's no light matter.

For the most part I just try to make myself available as easily as possible working around out of state or country schedules. Or try to take care of local services for convenience, talking to city offices, PM, or insurance agents in person can help quite a bit.

I was just wanting to hear some examples of what really worked well and what did not.

Thanks for the replies.

Post: craigslist success stories

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9
Originally posted by Doug Pretorius:
I eventually found a message that worked like gangbusters and I signed over 100 deals in 2-3 months. message/technique it failed miserably.

This is really true for multiple forms of advertising, sometime it take 10 different mailers, or online tags before you find a combination that works. Keeping a detailed record of your response rates, and conversion rates.

Post: Texas = Community Property State

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

Hey Ryan,

That's kind of an interesting situation you have there.
I also live in a state where marital status is included in all contracts.

From what I would understand on the subject your wife would still be liable for the original loan payments since she is a mortgagor with you personally not under the LLC.

The LLC would separate her from any liability with the property in lawsuits or damages, just not the original debt.

Just IMHO that is, I would be interested to see what the professionals you consulted have to say.

Good luck

Post: Dog bite, now what?

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

I'm very sorry to hear about your troubles. It seems like everyone's dog is an angel until something happens.

good luck

Post: Mold an issue? Just paint over it?

Christopher ColemanPosted
  • Involved In Real Estate
  • Kansas City, MO
  • Posts 90
  • Votes 9

try not to disturb the spores as much as possible, they can become airborne and spread easily.

I have had good luck with commercially available fungicides or colloidal silver.

Finding the original source of the moisture is key.