All Forum Posts by: Eric Narciso

Is the articles of organization the only paperwork I need to file for my investing business?

Hi everyone!  I've been on BP for a few weeks, and I am finally getting my intro in.  I took a while organizing myself, but finally I'm here, officially.  

A little about me:  My only experience with real estate is as a renter, and as a guy who did a strategic default after buying at the top of the market.  Since then, I've learned several things about real estate, and found that I wasn't educated enough before.  I love the idea of cashflowing properties, but never knew how to get my hands on a profitable deal, and then finance it.  As I've continued learning, I haven't exactly jumped those hurdles, but I'm definitely ready to face them.

I'm on BP to expand my education and get specific answers to some of my specific questions. I'm here to network with anyone from Las Vegas. I'll need referrals for every aspect of the real estate game. I hope to build a solid team from here and my local REIA meetings.

I want to get into wholesaling to start, ultimately to simply buy up rentals.  I see wholesaling as a good way to find a deal as I build my network up.  I assume no one wants to help a guy out for free, so I figure if I can craft some good deals up, I can find a strong team to surround myself with.  I'll help in anyway I can, and am willing to take any help given.

Thanks for giving me a look.  Las Vegas people, come and say hi!

Hey so I have yet to begin, but a question I have is, say I get a wholesale deal under contract, but can't find a buyer.  What happens then?  What do I tell the seller, and how do I get out of the contract?

I dont plan on this happening, just wondering

Thanks, so monthly is enough..

 A/B test?  Also, how do you know, or keep track of (for performance), which mailers people are being referred by (or if they come from a bandit sign, referral, etc)? 

Hi. I'm new at BP and am wondering, what paperwork I need, and where I can go to, find all the forms needed for completing a real estate transaction?  I am interested in wholesaling, creative financing, subject to, rentals, lease to own, probate, assignments, and double closing.  

Is there a site where I can download the PDFs?  I'm not really even sure what papers need to be filed.  

Thanks!

I am planning a marketing campaign and am wondering how often do you send to your list?  Say I have a list of 1,000.  Should I mail them weekly, bi-weekly, monthly? For how long -2, 3, 6 months? 

Also, when doing so, do you switch up the mailer?  First a yellow letter, then a post card, then a flyer, then what?  

How often should I be getting a new list?  I can't keep mailing to the same 1,000 people for a year, right?  

@Stephen Chatto thanks for the clarification

 Because a rehabber needs a quick turn around time. No?

Thanks for the response stephen

What do you determine to be a solid comp vs a bad comp? I read that cash sold comps wothin the last 90days, good?

So.. 65% of ARV isn't good? Or is getting the ARV right more important? It sure seemed like super low ball offers, but then again, I've never done it before (getting prepped).

Then, how do you find the ARV? I was looking at sold comps within the last 90 days, no good? I know figuring repairs is tough too. Where can I get started to figure these numbers out?