All Forum Posts by: Jean Norton

$75k PP, Have ARV appraisal at $190k - get your own contractor bids. Wholesale fee is included in the price, and the price is firm. 3135 N. Louis, Franklin Park, IL. Agent will be there Saturday 7/26 at 3pm if you want to see it.

Go to your local networking meetings - that's your best source of knowledge.

I’ve rehabbed a bunch of houses in various areas of the country and I can tell you there is one constant that I haven’t revealed that will guarantee to sabotage your rehab budget, and it happens EVERY TIME!

I’m going to give you a hint: it has to do with your power team. Yep, the team that is the key to your success, believe it or not.

Read more here...

http://www.jeannorton.com/one-top-secret-keeping-rehab-costs/

Great tips!

Contractors can be your biggest hero or your worst nightmare. I do almost all of my deals out of state and even teach about Rehabbing Remotely®. Do your due diligence, find recommendations from other investors, ask for references in local REI groups - just like anything else, network, network, network!

Some blog posts never go out of date: Watch out for the "Trust Me" Guy.   I almost fell for it.

http://www.jeannorton.com/real-estate-investing-an... #realestate

Tax Deeds are different.  But always buyer beware.

My question is the insurance situation.  What's the status there?  Did the owner collect insurance and bail?  Did the bank collect the insurance and is starting foreclosure?  Surely a code violation will be reported on the house.

If you can find the owner, offer $1k for a QCD and market it.

I'm in Austin.  But most rural deals aren't deals, unless they are near some oil producing activity.

I am one of the organizers too - it's the absolute BEST networking meet up I've seen anywhere.  No selling, no promoting, just sharing what you do, asking questions, and lot's of free advice.  

Unfortunately we are often in a "standing room only", so I suggest your register at the meet up link above because we are going to have to start doing some level of crowd control soon. ;)