All Forum Posts by: Mark Johnson

@Eduardo Suarez Check out the blogs at AllTheLeads.com https://alltheleads.com/atl-transitions-blog/. You’ll get some good ideas there. They also have weekly mastermind calls available to listen to on their YouTube channel. It’s all about Probate.

@Sharoyne Jones It might be different in PA but here from what I see here in MO, the timeline varies depending on the complexity of the estate, ability of the PR to submit the required paperwork, and the lawyer handling the estate. In my experience, maintaining communication with the lawyer is the best way to keeps tabs on how the process is moving along. Getting an introduction from the PR to the lawyer via email should open up that line of communication.

@Jason Mayers I’m an agent and work with a lot of homes going through probate. If you’re curious about the timeline, get permission from the PR to reach out to the lawyer handling it. They should have a much better grasp on when the property is available to sell. Just be persistent and polite because they are not always the best about getting back to you.

@Thomas Powers I’m an agent in St. Louis.  My office is at Manchester and Kirkwood Rd.  Shoot me a message if you ever want to meet up.   I’ve been an agent since 2011 and have been working with some investors over the last couple years.

@Seyed Javaheri It will affect your ability to resell.  Certain buyers will not consider the property because of the tracks.  I have dealt with this numerous times with my clients.  However, look at the comps along the track that have sold over the last 90 days.  See what those specifically sold for and take a close look at the days on market because it might be a little higher than those that do not border the track.  

@Jason C. I am a real estate agent in St. Louis and those inspections seem perfectly normal based on my experience.  The only one I am uncertain of is the "inspection by contractor".  I am not sure what that is.

The majority of my buyers will do the following: basic home inspection, termite inspection, radon inspection, sewer lateral (or septic) inspection, and gas/mechanical inspection.  

Reach out to community banks in the area and see if they do portfolio loans.  The requirements on the are less stringent but they typically do not do fixed rates and only offer 5 or 7 Years ARMS.   

Beyond getting a gas inspection before you close on the property, there is not much you can do.  Most HVAC companies charge about $100~$150 dollars to do those types of inspections here in St. Louis.  

@Jason Sandegren @Dave Visaya @Isiah C. @Account Closed For Multi Family buildings, I would primarily be looking anywhere south of highway 44/64.  For flipping single families, almost anywhere in the metropolitan area.  I've gotten to know a decent amount of contractors looking to dip get involved in this but don't know where to start.  My main objective is to learn how to be of value to them and how to bring them deals.  

My name is Mark Johnson and I'm a aspiring investor from St. Louis, MO.  I've been devouring the podcasts over the last week and thought I should start participating on the forum. 

I've been a real estate agent since 2011 and do about 40-50 transactions per year.  I've been working with more and more investors purchasing multifamilies as well as a few flippers.  This has really peaked my interest and I thought I need to learn more about it.

I am really looking to learn more about flipping homes, specifically how to analze the deals since the marketing involved in finding these types of deals fits in perfectly with what I am already doing for my real estate business.