All Forum Posts by: Brad Carrier

I'd say it's going to depend on what you're trying to get as a result. If you're doing direct marketing with a link to your site on the letters you just need a nice looking site. Dont' worry about SEO.

If you're doing web marketing you need to rank on the front page of google for your keywords that's different. A nice site for people typing your URL from a flyer is cheap. Paying for SEO to get your site on the front page of google quickly will be expensive. 

Sounds like the first tenants told the second tenants about their free rent scam. 

Well I guess 70% depends. If the comps are at 70k and I  keep the renovation to 15k it just meets 70% at list price. 

I'm going to look at my first possible deal this week. I've got a veteran agent that I've known for a long time. He did a lot of PM work though the downturn and knows this rental market really well. He suggested a small house two blocks from a hospital that's in the middle of expanding. It's a C+/B- neighborhood near a lot of less optimal areas.

The house is a 3 bed 1 bath single family. It's only 775 sq foot on a city lot. It's listed for $34,000. It's all 1980's on the inside and I'm estimating $20,000 for rehab to do new floors, windows and a kitchen. I'll do the work myself aside from anything I need inspections on. Comps are around the mid 70s but the area has a lot of flux based on neighborhood so I'm not 100%.

I've got the cash to do it as a flip or a BRRRR. It should rent for $550 and hopefully with the new medical jobs coming in I'll be able to attract a great tenant. What am I missing? I feel like I should know 100 more books worth of stuff before putting in an offer but this area has been going up in value for years and I want to try my first RE project.

I was a turkey farmer and part time construction worker during high school. I paid for community college working as an I.T. tech 3/4 time while I took classes. Pretty sure I've been employed since I was 13 years old. 

Asking at a cabinet shop is a good idea. You ask the mechanic about your engine and your doctor about your health. 

Isnt the 80% refi part of the BRRRR strategy?

As I understood it the improvements to the property are supposed to make the final 80% of the finished product cover the initial pruchase price?

Someone please let me know if I'm wrong.

In a competitive niche how far are you going to get with this though. I've done some work for a local investor and it seems very hard to compete without AdWords.

Well I'll be the fence sitter here. Part of the appeal BP has is that they're not hype machine guru courses. Most of the content is free and there's a lot of openness to the community. 

It's not a bad thing that they make money. Though I can see how some people are put off when they bill themselves as the better RE community and then sell several product lines.