All Forum Posts by: Philip Bashaw

Thanks for your feedback everybody! Although I'm generating my own leads now, I'm open to investing in a good lead/list service if anyone has had good results with one (or several). Please share! 

Also, this is a very interesting story since I live in Atlanta.

I recently purchased a book package from BiggerPockets that had 3 books. One written by Brandon Turner and the other two written by J Scott who lives and invests in the Atlanta market. I had no idea that he lived here when I bought the books! It was a pleasant surprise and I must say that from what I've read so far, it is dead on accurate.

I'm looking forward to a very productive 2015 and I hope everyone else share my optimism

Phil

Thanks Fitzgerald! I was thinking of using the A7 size that holds a 5x7 card. 

P

Hi Guys!

I'm starting a yellow letter campaign this week and was wondering if there's an optimal size envelope to send to people. I'm generating my own leads and targeting certain neighborhoods in Atlanta. This is also a DIY project and my first campaign

Phil

Thanks Guys!

You're all very awesome and I appreciate your input! This is my new career and I'm off to decent start and lucky enough to have Bigger Pockets and my local REIA to bounce ideas off of. I'm here to make money, not lose money, so I don't mind taking it a little slower initially. My goal is to be doing 1 fix and flip per month while keeping my options open for other real estate deals that come up.

Real Estate investing is new to me even though I've been around residential and light commercial construction/renovation my entire working life as a landscape contractor or employee. I've never been on the money side of it.

Thank you Jim Viens, Frankie Woods, David T and Joseph Ball...you comments and advice are duly noted and very valuable.

Hello BP crowd-

I'm fairly new to investing and I've learned an awful lot by NOT buying something, if that makes sense? I've looked at a ton of properties, analyzed several potential deals and have come to an initial conclusion that most wholesalers are peddling junk that they don't want. The ARV"s are amped up and the cost of repairs are not realistic or they leave several things out to make the deal seem like a good deal.

I'd love some feedback on this topic. Btw, I have a background in construction and had a design/build landscape company for years. That's why I see things that others don't and why I'm overly cautious

~Phil

I'm in! Let me know date and time.

Phil Bashaw

Thanks Hattie!

I'm learning from this process and I'm pretty sure I can get an extension and some modified terms. I put $1500 in earnest money and I've been trying to wholesale it. It's in a very hot market, but on a busy street and had overgrown landscaping and ivy growing on the house too. I spent about 3 hours pulling ivy off the house and chopping down overgrowth. It looks much, much better now and will get more interest. I'm also willing to invest in the appraisal, survey, title work and inspection if I get extended terms and better access.

Phil

I'm new to investing and I have a house under contract, a duplex actually. I suspect the basement unit was never permitted even though it has been rented out for several years. Another thing I'm wondering is who pays for the appraisal, survey, title work and inspection. I want to cover my myself, but don't want to shell out $1500+/- when I feel like the seller should be chipping in. 

The broker has said that the seller will credit certain costs back at closing, but won't chip in for any repairs, landscape clean up, etc...Since this is the case, I feel like I should have an extended due diligence period and extended closing date if I decide to buy it or flip it to another investor. The broker also told me the seller needs to 'get out from under it' so that tells me they are motivated. At the same time, there's a tenant in one unit and I have to call the broker to show it to potential buyers and it's delaying the process as well.

To me, this should all add up to extra time on my due diligence and everything else.

I would appreciate any advice on this situation. Thanks!   

I was wondering if the BP Pro is month to month or if you have to commit to a whole year. Does anyone have the answer? I think it will be beneficial, but want to be able to get out if I don't think it is. Thanks