All Forum Posts by: Christopher Coleman

Not sure what kind of area you live in but sounds like he's renting to drug dealers or something. Lots of people in one unit, CASH "but late", and no lease. Watch out a good thing can turn bad quickly.

Welcome to BP good luck out there

Hello Junior,

My business partner and I just started our first direct mail campaign as well and were debating using yellow letters or just doing it ourselves.

The problem we saw with yellowletters.com was if we could buy those leads couldn't everyone else?

Also we had really great success on landing a lead on a 150K property needing 75-90K in rehab that would sell for 450K+, all because we were our beating the street in person.

It could just be that we are young and hungry that we want to go out and get it ourselves, maybe in the future we will take a more hands off approach.

Either way good luck out there.

Chris

Hey,
I was looking through your post the one question I have is what market is this in? Maybe these types of returns are more common there but 8% is just really low and doesn't leave much room for unforeseen expenses.

Hey everyone,
Good question, it can be a bit of a tricky situation on both sides. The investor doesn't want to get locked in to an agreement with one agent who might not meet their needs, and the agent doesn't want to get lead around by someone who has no intention of buying through them.

I work with a lot of investors who are weary of signing an exclusive agency agreement and getting legally bound to one agent. What if another agent brings them a deal, what if the agent was a fast talker not a hard worker?

The way I've found to make both sides feel comfortable is to have clients either sign agreements for specific properties with short terms. Or I have my clients sign non exclusive buyers agreements where they can use other agents but are bound to me on properties that I introduce them too.

Sure I've heard the horror stories of incompetent agents out there, but some of us really do work hard for our living and don't pay bills by working for free.

P.S. 600K buys a whole heck of a lot of multi family not in war zones here in KC. HAHAHA

Hey welcome to BP.
I have really enjoyed Gary Keller's "CEO Keller Williams" books, The Millionaire real estate Investor "and agent in my case" You may also want to check out his book FLIP and HOLD. they are written in ways that are very easy to understand and implement. They also contain lots of repeatable models.

Good luck, its a wild world out there.

Hey Paul,
I'm a realtor working with investors in the KC market.
We have some really good luck with the Midtown, Plaza area.

In fact I just toured my best find in months, a move in ready 6plex in central Hyde Park for 145! With nothing it would rent for 650 per unit with a good finish it would be 800 easily.

Deals are there, they just take some searching.
Good luck out there