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All Forum Posts by: Luther M.

Luther M. has started 8 posts and replied 35 times.

Post: New from Atlanta

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Hey @Damica H. ,

Welcome to the family. 

I am from Atlanta as well and am part of Atlanta REIA. It's a great place to learn. In fact there is a 8 hour class tomorrow by Robyn Thompson there tomorrow.

Post: New From Salt Lake City

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Hey @Josh Butler ! Welcome to the family.

This is all the education you will ever need :)

Good luck my friend.

Post: One man's trash is my $10k treasure

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

@Chris K.  

Sorry, I meant to answer that question by @Richard W. 

This was my fist mailer ever. I sent out a 1,038 Post Cards.

Response rate very low @ ~1%

Post: One man's trash is my $10k treasure

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Wow! what an awesome community. Thank you all! Please feel free to reach out to me if you have any questions

Post: A local RE attorney told me today that you all are scam artist!

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

@Reginald S.

I LOLed when I saw your post as I was told the same exact thing by a well established real estate attorney recently.

On the bright side, I see more and more law firm booths at my local REIA :)

Post: One man's trash is my $10k treasure

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Hi @Joshua Dorkin

First off, tip of the hat to Brandon and yourself for all that you guys do.

Further details about the deal:

  • The property has a tax lien against it and was to be sold on the County court house steps today(06/03/2014). This was why the seller was so motivated to sell.
  • The property itself will need $15k-$20k of renovation before it is inhabitable.
  • Although the ARV was ~$120k and we could have marketed the property for as high as $40k - $50k ((ARV X 0.65)-repairs) , we didn't have the luxury of waiting around for the right buyer and decided to go with a lower price, especially given that we were able to get it under contract for $2,500
  • From initial contract to closing at the attorney, 7 days total.

Thanks @Sarah S. & @Aaron Mazzrillo

Post: One man's trash is my $10k treasure

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Hey BP family!

I am so excited to announce my first real estate success!

Deal Type - Wholesale

Direct mail Post Cards to a list of absentee owners from ListSource.com

A to B = $2,500

B to C = $12,000

Not a bad spread for my first deal aye? Great way to start the month of June.

Special thank you to my mentor who guided my through this.

Post: Probate Attorneys

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

@Johnette B. A cheap(usually free) route is to look for the legal section in your local news paper. Here in the state of Georgia, there is a website called www.georgiapublicnotice.com that one can find public notices from pretty much every county. See if there is something similar for

Question @Rick H. . Is waiting for legal notices in the newspaper too slow, IE are there ways to get to the notices prior to getting published in the newspaper?

Thank you,

Luther

Post: Collecting Damages after Move-Out

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Good post @Angie B.

@Kyle Hipp & @Account Closed , what does taking someone to small claims court cost? I understand it is different from county to county, but I was hoping I could get a ballpark.

Thank you,

Luther

Post: No Response from my first direct mail campaign

Luther M.Posted
  • Real Estate Investor
  • Woodstock, GA
  • Posts 35
  • Votes 11

Thanks @Rick H. :-)

Having diligently read a number of your other posts, you always provide the well needed kick in the pants.

Would you agree for a new investor who just spent $500 on a mailing... this is the start of a campaign?