All Forum Posts by: Barry Ratliff

Unless there are better marketing obtaining pre-foreclosure leads, does anyone have some sample letters to share? I'm in Texas. 

I am aware of the do not contact and the "F" word when sending letters. I'm experience investor trying to expand my search and practice. Thx 

Advice for Austin, get to know the average of final purchase prices above asking price because you will have multiple offers. If home is still on mkt for 10 days, there's something wrong with it. 

Here is something you might experience as well due to multiple offers, you may have to put your offer in before you're able to see the property. Then those who placed offers are aloud to look at property on a Saturday during a 2 hour window. Then the highest offer wins. 

If you get frustrated over time, come to Bell County and invest there. Rents range from 80-115% of home value. I'm a investor minded broker from Bell County. 

Welcome to BP @Jason Parnell. I'm a investor minded broker in Bell County area. I've mentored and coached local investors of researching and buying properties for any years. Available to network. 

Erik, since you are asking for all those cities, do you own property in those areas? Depending on which side of Bell County,  u might think of splitting to one for East then the other for the West. The most common complete tenants and property owners have is not being taken care of. 

But if you haven't bought anything, you might consider owner financing. Less management liability. Just a thought. 

If you choose a property manager interview heights realty, linnemann, Colonial, and real estate market place and gold medal. 

Just check BOB. 

Welcome to BP. I'm investor in Temple Killeen Waco area. Let me know if need in answers to researching our market. I'm also a broker since 1986. 

I'm an investor minded broker and know the appreciation mindset of Austin area agents. I work Bell County area but recently listed and sold an Austin home with 2br/1ba, 1005 sqft for $260k & closed it in 9 days. Plus i flipped a 3/2 1460sqft home in So. Austin for 190k and it rented for $1475. The $260k Buyer immediately put that one on rent mkt for $1600. Way less than the 1% rule. I don't know understand how Austin can sustain it's multi percent appreciation rate. 

Our local rent rates are: Killeen is about .60-.70%  Belton .80% Temple .85-1.15% of value but depends sqft . 

Example Temple scenarios: 1990 yr built, 90k price home, 1100sqft, 3/2/1, $1000-1200 rent. 1955 yr built, 50k, 800 sqft, 2/1, $650 rent. 

Depending on location, higher rents than others. Why buy speculative values with wholesale rent rate when can buy wholesale/mkt value with retail rent rates. I'm available to discuss and email you sample of Listings I would suggest. Good luck!

Well BP friends, time has passed with this post and borrower is no better off than last. I did extend the loan for one year same terms.  I've enrolled her in credit repair and suggested a credit card to establish credit and improve her score but she has only been made payments on time. 

I cannot baby sit her and feel I need to get house back if she is not improving her self. The mortgage I created was a 3 year balloon that I extended. Any Thoughts and what would you do or have done?

Lol @Bill Gulley . I to started investing long before aa well and yes another spin off a thread. I thought interesting that the question asked how much $ people made using BP. My question is for BP newbies or vets that used BP networking and other to obtain their first deal or 2. Ive not yet had pleasure to network with BP member on a deal so just wondering.  I mostly create mine from self. 

There is a recent post from Cal C from Georgia who polled members how much money has BP made you. I think indirectly, if you have made money investing in real estate that BP had something to do with it. 

My question is, describe how you made money on your first deal using a BP member, techniques, strategies, tools, etc.

Thanks Joshua and James.

@Joshua Dorkin undefine

@James Wise