All Forum Posts by: Ken Hicks

Chris left hand side on the home page there is a link for clubs in your area. You might want to check out yellowbook.com and search for one also. what part of PA are you talking about. I"m located near Johnstown. it's a very depressing area. I'm sure the DC area will be hard to get started in.

A friend of mine bought one of carltons programs. I never looked at it. but I can tell you that stuff is still under his bed some of the books were still wrapped up. I can't knock carlton, or Ron. The only one I"m cutting on is my friend. When I buy a book or a program i'm opening it like it's chrismas. So if you do buy this stuff use it. as long as you get one idea or a bit more knowledgable then it's worth it. I bought one of those goverment grant programs. I think i'm going to use it to start a fire to keep warm. thats about how good it was. I should email the company and tell them it's crap. we'll see.

I live about 2 hours east of Pittsburgh, YES it is depressed I think it was about bankrucpt a few years ago, not sure how it is doing now. Rental prices do seem good, I am 2 hours away I'm not a big fan of buying there. Yes you can buy 20 homes premonth but were are they at? I would strongly sudgest calling the sheriffs department and ask about the criminal activity near the house you buy. The taxes are high also. I don't have any rentals in Pittsbugh. just my thoughts. ALL OF PA IS DEPRESSED!!!!! maybe eastern PA is not as bad. In western PA our state symbol is the "Pot Hole"

Ryan, I have heard the Texas area is strong for rentals but the properties i've check out have very high property taxes. maybe i'm looking at the wrong areas. Do you have any realtor links to find properties?

With house prices sky rocketting what do you think the best city for rentals would be that turn a profit? I am finding that the property taxes in some areas are real deal killers even for your primary home. Who wants to pay 500 a month in property taxes, and HOA fees just to live in a place that took 30 years to get the mortgage to 0. I'm sure there is alot worse out there. any input will be welcomed.

Honestly i'm not a big fan of the Carlton, and Ron legrand stuff. Yes they do a heck of a job promoting what you can get with realestate, It seems you have to spend BIG bucks to really really get what they are talking about. but like anything what you put in you will get out.

about 1 out of 30 offers I make are accepted. I just purchased a property, and found out the work involved was way over my head. Meaning I didn't know the area and I didn't have a TEAM of contractors, OR other investors in the area. after about a month of trying to find a contractor I realized it wasn't happening. now I was stuck to relist it with a realor. so far with the realtor listing it I will still make around $7,000 and thats with a $3500 commision and a home warrenty. I will be happy with $3,000 just to get rid of it and move on. It's been on the market for a month and still no offers so we'll see what happens. I still feel confident that I purchased the property at the right price. which is key when making offers. If you get to many accepted prepare to wholesale it to another investor. get your appraisel and a contractor inspection list/cost to make repairs that should cost you $400 well worth it. well thats my 2 cents. GOOD LUCK !!!!!

No I can't FSBO I live an hour away. it's to hard to show the house.

I agree with this statment but usually a solid plan takes about 30-80 pages, and by no means is it completed over night. I have been working on mine for about 2 months, It changes often and things are added. I don't have partners. I just use it to help stay on track. I also agree I would have saved alot of time just buying a plan from another investor. I would try to locate one far away in another state. I say this because some guys think you will be stealing their deals and not give you it all. Of course you will have to edit and make adjustments in acordence to you area. Hope my opinion helps.

I also have that concern of prices droping and there are a ton of homes on the market now. Even the people facing forclosure are hard to get. I just got a call about a house that has been on the market for 4 months and no offers. the price is $71,900 they owe $68,000. Just enough for the realtor. I would need to be around $35,000 to take this home. It's in a bad location. oh well I guess i'll wait till the bank has it. I guess just hang in there and continue to buy smart. LOL yeah those prices are cheap. My sister just bought a house at an auction for $25,000 it needs about $15,000 in repairs. ARV $60,000