All Forum Posts by: Melissa Harris

@Jennifer Sosa do you have the MLS #? Or is this a off market property? My business partner might want to come and take a look at it this weekend.

@Jennifer Sosa is this home still available?

Hey BP family! I am wondering who has had success calling pre-foreclosures & vacant home owners? I have a list of 500+ and I am wondering what strategies have been working the best for you to convert these owners to sell their homes to you? Does anyone have a great script when you call these home owners that have worked great for you? Or have you found sending them postcards or a handwritten letter works best? I have been driving for dollars and taking an hour a day to drive around to check out these pre-foreclosures & vacant homes the last 2 weeks and then if they look like a good fix n flip or rental, then I will go home and write a hand written letter to them. I am wondering if I should continue doing this method or should I try something that is more effective? 

@Benjamin Lapidus I think I read what I needed too, I will be attending! Can't wait to meet you all and network. 

@Joe Fairless thank you for the information! I definitely do have a strong foundation of knowledge with real estate but definitely can learn alot more about the investing side of the business! I will certainly be attending! Can't wait :)

@Linda Weygant I honestly did not know this!!! How scary, now that you say it and explain it to me, I can see exactly why it would be mortgage fraud. Thank you so much for responding back to this post! This opened my eyes for sure. 

@Jay Hinrichs I never thought about the SEPP before, could you explain a little bit more about how a SEPP works? Or should I talk to my CPA about this? And I am starting to look for partners as we speak on investing 50/50, I am out there looking for deals now to be able to approach these potential partners with these deals. 

I do own my house and been in there for 2.5 years now, I plan on selling it next year as I will be able to make a little over $100k, I ran numbers to rent it out but the cash flow is just not good.

@Carl Fischer great idea! I will certainly talk to my CPA about making contributions into my IRA, I am still learning all of this and what I can do to reduce my taxes but still show great income.

@Tommy F. I just got that number from what I had to pay back in 2013, I think I had the WRONG CPA, I was even paying quarterly and I still had to owe $20,000. It didn't make sense to me but being new into real estate and being self-employed, I was just trusting in her and what she was telling me. I don't know much about how taxes work or what I have to pay honestly but that link really helps! Thank you for sharing that link and giving me that insight!

@Josh C. that is what I needed to know, thank you!