All Forum Posts by: George Moehlenhoff

So I got my salesperson license a couple of years ago so I could control any deals I came across. I have a friend who would like me to sell his house, and I have never listed or sold a property before. What advice recommendations tidbits of information can any agent give me on the best way to advertise a house I am selling. I'm realtively sure I will be listing it on postlets but other than that I am at a loss. Any and all information would be greatly appreciated thank you very much.

We have advance notice that our tenants will not be renewing their lease in March.  They have asked to go month to month for a maximum of 3 months.  They are great tenants, always pay on time, but are looking for a house to purchase.

Any experiences you care to share with month to month?

Also do you customarily begin showing the property once they give their 30 day notice, or do you wait untill the tenant is physically out of the property? 

Does anyone else get nervous when they know they are going to be looking for a tenant soon?  

As always, all responses are appreciated.

Have a vacancy at my sfh and posted it on Craig's list. 18 minutes later I get this:

Hi there , was wandering if the apt is still available,and move in ready very interested , would like to make and appt to see it ASAP. Please contact me at your earliest convenience. Looking for a place to move ASAP.

And thats with a phone number 18 hours away... This rental is a sfh, he says apt. Just posted ad, he asks if still available. He mentions asap more than once which I've seen people on her say is a red flag.... My gut is calling this bull.

Your thoughts? How do you respond?

So we bought a house, and removed the popcorn ceilings our self. We used a mixture of downy/water (50/50) and did not bother to cover the walls as we figured we'd be painting them; no big deal.

So we get the ceiling done, quickly sponge the walls in 1 room, and begin primer (Glidden PVA Drywall Primer/Sealer)spraying with our new Graco X5 sprayer.... The room drys, but we have a problem. Anywhere the downy water mixture dripped on the wall, you can see it through the primer; almost as if the primer did not take.

We are total rookies, and really worried we screwed this up BIG TIME!!!!

So pros, how do we fix our mess up? Thank you in advance for your help!

Thank you everyone.

@Chris Clothier Your presentation was great. I think your example in New Orleans really hammered home the importance of Due Dilligence. GREAT WORK!!!

Thank you so much Will. As you know I really am wanting to focus on my rehabbing. The info you listed below for important stats for rehabbers, is that all obtainable from an agent? Just got my real estate license for MLS access, but not sure how to run those reports just yet. As always Will, thank you so much for your information!

I have a home that I want to cash out refi from a private investor loan into a conventional. I also want to purchase a personal residence in 2 years or so. I want to make sure that this house (and any other) do not effect my ability to obtain a personal residence in the future. Any tips? What do I need to be aware of. What is needed for an individual to finance the first 5 homes? I heard at the even you can do conventional financing for their first 5 to 10 homes, what are the requirements for up to 5 properties?

I know this is a jarbled mess, but that is one area I am confused. The financing of multiple sfr without it negatively effecting your ability to buy a home. Thanks!

I came back from the summit and realized theres so much more I need to know about my market. How do each of you define demand? Are there reports you run with an agent, are there specific stats you pay attention to? anything and everything welcome. How do you define demand for an area to either flip or buy and hold?

Thank you.

I had a really tough decision between Retirement by Jeff Brown who I have admired for years and the Mobile Homes by John Fedro which I just recently got more interested in. I flipped a mental coin and went with Jeff Brown who was great, but just curious, how was the Mobile Homes seminar? Can't wait to hear the recording of it!

So my brain feels like mush from all the knowledge I obtained, and everyone did a great job... Just curious, what presentations did you like and why? Here are mine:

Will Barnard: Truth About Rehabbing: Just straight up info on how he gets it done. I was in awe.

Michael Zuber: How to Build Investment Property While working Full Time: Dude was straight up no ******** intense. I absolutely love his attitude about his business. You do not do what you said you would, YOU ARE DONE! Killer stuff.

Four Flipping: J Scott and Marty: J Scott has been my hero since day 1, so this was easily my favorite presentation. So much straight up, this is how we get it done right knowledge. J Scott total open-ness about his business is just great, and his uploading all his info was awesome; but thats kind of expected from him. I have to be honest, the fan boy in my ran into J Scott maybe 3 more times on Saturday and every time I was like "HOLY ****!!!!! J Scott". So cool to see someone who is clearly successful at other presentations learning and being involved.

Rich Weese: Janitor to Multi Millionaire. Just proof I have so much to learn. I also have a black market "item" I need to get from him in the back alley. Very Genuine guy, and his wife was so very nice as well.

Peter Giardini: Practical Landlording: Another straight up, no BS guy. I really enjoyed his intensity and his matter of fact ness (is that a word) with respect to landlording. Clearing the Obi Wahn of Landlording. Cannot wait to get the info he offered. Again, so much more to learn.

Jeff Brown: Retirement: Again, another Obi Wahn in a completely different area. Again, so much proof I have so much more to learn. So awesome he fought through his sickness and delivered his presentation with so much passion. Just loved it.

So what did I learn? I learned I have ALOT more to learn!!!!! This Summit was so awesome, I am so glad I came. I met a TON of people from the board, all genuine, humble, and there to learn as well. I cannot wait to come back next year after I've progressed and learn more! My goal is to be a speaker one day.... Yep. Lastly, Geraldine Barry's presentation was so great in more of a life coach type way than an REI way. Truly inspirational!!!

So I've blabbed enough, what did you like and why????

BP SUMMIT 2012. I SURVIVED, I THRIVED... DID YOU?