All Forum Posts by: Orlando Paz

I am a huge BP fan, and realize most answers could be found here. However, I would like to know if anyone could recommend a good book on the topic of communication and interaction with motivated sellers. Not sure if such a book would exist for real estate investors, but I would be open to any type of book that can give useful information and tips on talking to motivated sellers (or sellers with any level of motivation). Thank you in advance.

Go to some of the local new home models, and look at their color scheme. These developers tend to put lots of thought into marketing and the details of what sells.

I had a chance to see Chris, and must say that I was very impressed. Although I only attended a one day seminar, the amount of information was definitely worth my time. I would certainly recommend him.

On numerous occasions I have heard that if you don’t have any money to fund a deal, simply partner up with someone who can provide the funds and make a 50/50 split on the profits.

My question on this approach is…

How do I secure a deal from being swiped from underneath me, when I present it to other investors?

I would like to think that this is something that does not happen, but if there are other investors that can simply acquire the property without jumping into a partnership, what’s to keep them from simply going to the source, once you provide information about a given deal?

Not sure if this would be the appropriate forum for my question, but any feedback is appreciated.

No experience here... I'm still a newbie, however I've been on the flip side of the coin most of my life. I would say it all originates with the quality of people that rent in your complex. Professionals who take pride in how they live, will probably take better care of a property than someone of a different social class. Hate to sound like a snob, but it's a reality. Growing up in NYC, the buildings I lived in housed some pretty interesting characters. I also got to see some of the ritzier apartment complexes. Huge difference!

One interesting method of screening a tenant (which I learned on one of BP's podcast), is to look at how they keep their car. Somehow, find a creative way to take a peak! lol! sounds funny, but can be revealing. If they are slobs with how they maintain their car, they will be slobs in and around your complex.

I would say that renting to older retired people may be one another option to look into. My REI niche is mobile home investing. I have seen the way older people live in the 55 and over communities, versus family parks. Without question, they seem to take great pride in how they live and how they keep their grounds. They also tend to watch out for each other, and report things they see.

Another thought that comes to mind is getting involved in a neighborhood watch program. This could also add value to your property, as it may help bring people together and keep out the riff raff.

Putting up signs and creating newsletters/mailers  addressing the littering may be helpful, as it shines a spotlight on the problem at hand.

And finally, the most extreme and drastic approach... Putting up cameras around the complex (or fake ones)... just a thought! :)

He's still around. I think he has a website now. I was one of those who purchased his course, but never actually used it. Many have had great luck applying what he teaches. Ultimately, you have to have the ambition to learn and succeed. That's regardless of how you choose to learn. 

@Adrian Smude - Great to meet you. Were both in the same situation, when it comes to mobile homes. I'm focusing on learning as much as I can, while I save up and improve my credit. I actually live in Clermont, so I'm not too far from Polk county. Once I get the ball rolling, I will keep an open mind on location (within 1 hour drive radius).

A big hello to everyone reading this!... I live in the Orlando, Florida area and wanted to meet other local like-minded MH investors. If you are out there, it would be geat to hear from you!... Have an awesome day.

Start by looking at what works in your market. Visit model homes in new communities, and take notes. Also look at what other rehabber's in your area are doing. Seek out the ones who are successful, and has an eye for design. You may choose to hire an interior designer, or perhaps seek out talent at the local interior design school. You would be offering experience to the student, and possibly some compensation. You can also seek out a freelancer online. These freelancers can provide samples of their work on their profiles or website. Look at interior design, or home improvement magazines.

Ultimately, look at what's around you. Both old and new homes. Talk to a realtor, and get their feedback. They may know someone with an eye for design, as they also get involved with home staging. Good Luck!

@Andriy Boychuk That is a great idea!... I've actually communicated with him on several occasions via these posts. It never occurred to me, that he might know of someone who sells them. Thanks!