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All Forum Posts by: Lawrence Taylor

Lawrence Taylor has started 1 posts and replied 15 times.

Post: Is There Such Thing As A "Saturated Market"?

Lawrence TaylorPosted
  • Real Estate Professional
  • Freeport, NY
  • Posts 15
  • Votes 4
Originally posted by @Leigh Ann Smith:

Hi @Lawrence Taylor, I'm glad you decided to jump in with a question!  Whether the market is saturated or not, I do not know, but to me (also a newbie investor) it sure seems that way.

Have you been listening to the BP podcasts?  One of the things that caught my ear recently was a suggestion to look up eviction records, then contact the owners of those homes to see if they are interested in selling.  Maybe the owner is fed up with landlording after evicting a tenant and would be willing to talk.

Yes I heard that too and that was a great tip! I think that was Mike talking about wholesaling houses. I actually forgot about that. Thanks for the tip!

Post: Is There Such Thing As A "Saturated Market"?

Lawrence TaylorPosted
  • Real Estate Professional
  • Freeport, NY
  • Posts 15
  • Votes 4

Hello BP investors and alumni, My name is Lawrence Taylor and this is my first official post. I'm excited to get feedback so let's get to it! I've been marketing now for about 3 months and I've noticed a heavy presence of investors almost everywhere I look. My marketing includes driving for dollars, direct mail(yellow letters), and knocked on a couple doors but no one was home(at least I think). As a newbie investor I was curious if there was such thing as a "Saturated Market" or is that just a myth or excuse that people use when their stuff doesn't work or they don't get the "typical" results.

I'm not sure where I heard the term or how long ago I heard it but I would think in the Houston area that would be the case. I know 3 months of marketing isn't a lot to go off but to me when I go to my REIA and speak with the veterans of that group they all seem to be making it rain on marketing which creates some doubt in my mind as you can imagine. So my plans are to continue focusing on direct mail and either drive for dollars and door knock on the weekends.  I just can't help but notice the amount of bandit signs, post cards and overall marketing I see and wonder how many people (if any) feel this way and if maybe that's why people get discouraged from making the switch into Real Estate.

I have a full time job and small children (including a newborn) so I can't hit the pavement or stay up writing letters as much as I would like. I also don't have chunks of cash to drop on marketing so I know I'm at somewhat of a disadvantage. If there is such thing as a Saturated Market and in fact I am in one, is there any advice on dealing with it OR if it IS just a myth please let me know so I can breathe a little bit easier in my quest for finding great deals!

Thanks in advance.

Post: Phil Grove

Lawrence TaylorPosted
  • Real Estate Professional
  • Freeport, NY
  • Posts 15
  • Votes 4

I'm like the kid who has to chose between parents here! I just joined BP recently and I am very fond of the information and mission of BP. I have probably listened to almost all the podcasts and webinars ever day on my way to and from work. (Jscott just listened to you you ironically this morning lol gonna check out your blog later) I know there is always a "Guru's are evil" undertone and BP is kind of the anti-guru place for real estate investors. I too have met Phil and Shenoah and been to the meeting and the "Big Live Event" and left with a few questions. I actually found BP after going to the event so maybe that's why I'm sort of caught in the middle.

There is a lot of "information" given at these events but keep in mind a majority of the people there, it's their first interaction with any sort of real estate investing in person so there's an excitement that is and kind of has to be created about him and what they have done and who they have helped. After meeting Phil and Shenoah they don't seem like malicious people. I also met Brent(the car sales guy) and he actually told me not to spend the $1000 for the VIP and to use it for my marketing (thanks btw) and a couple of his students were there during the breaks to answer any questions that we had. On the other hand after digesting the whole experience it really did feel like the whole thing kind of funneled to signing up for the Big Dog program.

I'm sure the program is great because I see the same Big dogs every week and they attest how great it is and I am even working with a couple of them while doing my own studies to make my way through real estate investing. I tried many times to get into the "Big Dog Room" at the RENC even asked Phil if I could be a fly on the wall since I was working with 2 of his students (1 of whom he recommend to me personally) and he kind of laughed and walked away like "this kid can't be serious".

I don't have $50k or $20k to drop on knowledge, I'm still battling sallie mae which is why I'm glad I found BP but I always here "Go to your local rea" as advice in the podcasts so I guess that's where Phil and Shenoah comes in. I too arrive almost 2 hrs later now and the girls always jokingly ask me "you don't want to here Phil's pitch again?" So there is selling but it's more of a strong suggestive pitch than a hard sell.

I'm glad this thread came up because Houston is huge and I was curious how people outside his events really feel and how he compares to groups/guru's in the area.

Post: Wholesale Contract for Texas

Lawrence TaylorPosted
  • Real Estate Professional
  • Freeport, NY
  • Posts 15
  • Votes 4

https://www.trec.state.tx.us/pdf/contracts/20-12.pdf

Try this. It's on the TREC website you can find all your contract documents there.

Post: Houston Meetup - August 20, 2015

Lawrence TaylorPosted
  • Real Estate Professional
  • Freeport, NY
  • Posts 15
  • Votes 4

How often is this meetup?