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All Forum Posts by: Liam Barnes

Liam Barnes has started 4 posts and replied 15 times.

Hi Stephen, 

I'm looking at quads and small multi-families. I'll message you. 

Thanks

Post: Should I wait to buy my first property?

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

Agree with many of the sentiments above. Buying for cash flow will hedge against the downturn in property prices, we should even expect to see demand for rentals go up in this period. 

@Mario F. Ive been asking myself the question your asking in this thread. 

What I've decided is that buying in more of a linear market, once not so susceptible to rises and crashes is the safest bet. I like economist Harry Dent's rule of thumb - check what the value of a property was in January 2000, and if it's not much above that level now then you shouldn't expect too much of a correction. If you're looking at property that is well above the Jan 2000 price, you should probably expect a more severe correction. 

Hi BP, Would be grateful for any recommendations for Orlando, FL based realtors and brokers willing to work with an investor. Looking to do several deals.  Thank you!

Post: Direct Mail Postcard Design

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

@Matt Tomco I send a lot of Direct Mail in my job and I have to say this is pretty good. Personally I find the color palette a bit heavy but you have used the colors well regardless. 

The header and sub header and are in big clear copy and are easy to distinguish from one another. 

The CTA (Call to Action) in this case is the Phone and website. You might want to look at adding some short copy to create a sense of urgency - but you know your list and business model, so maybe not necessary. 

By law you only have to keep certain parts of the bank blank. I would encourage you to look into this and consider using the space if you can add additional value. e.g. you may look to provide a proof of credibility in some way, e.g. a small quote from a previous happy client of yours. 

Or use the space to let your audience know your a local company specializing in the posted too area. 

More than anything, what will determine your success is the quality of your list and how well the message on your postcard is tailored to your list. From your copy I would imagine you are going after highly motivated sellers who are looking to by pass an agent and close quick - if thats who your list is then you stand a good chance of success.

And of course make sure you have the systems in place to answer emails and website inquiries. And next time, try changing one element of the post card to test its impact. ABT - Always Be Testing. Be sure to sue the same list so you are just testing one variable at a time though. 

On a side note, im not sure I get your tag line for your company.  ''Do the Right thing always!''. Im assuming your trying to say your company does the right thing, but it almost sounds like a directive. Feel free to ignore this advice, maybe the rest of the community disagrees with me. But maybe something to consider. 

Post: virtual assistant

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

I've had good success using Up Work for a variety of different tasks. Good luck @Lisa-Jean Zhao

Post: Fort Worth, TX Success Story! BRRR Strategy.

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

@Thomas Abbott thanks again. Great to learn from your experience. 

Post: Real Estate Bubble Popping

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

@Rich Baer I feel very much the same. Harry Dent, brilliant economist, did a great interview on a podcast a few weeks back on his predictions for the economy and housing marketing. 

I want to get in and buy first investment really soon, but i am torn between waiting 12 months and getting some bigger bargains. DM if you want a link to the podcast, I wouldn't want to promote a different real estate podcast on BP. lots of love for BP. 

Post: New Member From New York City

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

@James LaPosta Welcome! I too live in Manhattan. Would be interested to chat sometime all thing real estate. Im in much the same position as you, still evaluating a lot of properties, mostly looking out of NY/NJ though for cash flow and ability to purchase more properties - but would love to be able to keep it local. 

Post: Fort Worth, TX Success Story! BRRR Strategy.

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

Congratulations Thomas!  How did you find your contractors? would you recommend them? Any lessons learned working with them?

Post: Just completed our first rehab!

Liam BarnesPosted
  • New York City, NY
  • Posts 15
  • Votes 4

Congrats. Really inspiring. You have done what I want to do. Houston is one market I'm keen to get into. As you say finding a great team is critical.