All Forum Posts by: Chris Cox

Hey Fellow BP members.

As a active reddit user. Having a way to check both reddit and BP would be invaluable to me. I submitted a article from BP to reddit today. lets all take a second and upvote it and start a discussion there.

http://www.reddit.com/r/RealEstate/comments/17rktj/i_finally_found_a_real_estate_investing_site_with/

its posted to /r/realestate so everyone can keep productivity at a higher level =).

saving this spot till april 2013.

I Just checked reddit and the top post TODAY has 4080 comments. How many ppl read something and don't leave comments? Sorry the post seem off the wall. Typing on my phone.

Josh you still lurking around tonight. Wanted to ask if bigger pockets had a reddit.com sub reddit. If not would you mind if I created one? I'm sure you know but reddit is a very large community. They currently have a /r/investment and /r/realestate. If bigger pockets had a /r/biggerpockets you could mingle both major groups, keep in mind the traffic I'm talking about. When a post on reddit makes the front page. Websites shut down. They don't tolarate spam good though, so you would need a moderator besides myself to keep it legit.

Myself and my partner just took the plunge. We are calling our selfs "wholesalers". For us we drove around for 30 - 45 mins, in a area we were interested in. (Which was the wrong area for us.) during that time we just drove down every street. If we seen a for sale by owner or rental sign. We called the number AFTER we had done a very basic walk-around peek in the window walk.

We asked what was the price they were asking?

We asked how many other properties in the area they had?

We asked how many of them were vacant?

Write it all down. (We have found that if we are studying or making phone calls, its better to write it down.)

Those questions allowed us to pry a little further. We asked Would you be interested in letting us fill your properties with renters or even sale some off since they had so many not producing?

During that drive we made 7 phone calls (+/-2 as it was two weeks ago.) From those call's we got 1 person to say yes. A single investor with a small portfolio (approx 27 properties, with some of them being a mobile home park.) Thanks to our marketing plan, we have completed 3 deals with this investor in 2 weeks.

A rent to own - we kept a majority of the down payment

Just moved a renter into a property he owned with a deposit (this was our first deal actually)

And one more rent to own - we kept %40 of the down payment.

We were flexible enough to go with the flow. honestly we were using the drive by time as a excuse to get outta our house's. On one of those day's were you are bored but your wife says its to cold to go out.

For us its providing investors with a fulfilling honest deal, that profits both of us enough to want to continue doing business with each other. I hope this helped you.

Myself and my partner just completed this step. With no capital. (atleast not enough to buy a house.) For us we drove around for 30 - 45 mins, in a area we were interested in. (Which was the wrong area for us.) during that time we just drove down every street. If we seen a for sale by owner or rental sign. We called the number AFTER we had done a very basic walk-around peek in the window walk.

We asked what was the price they were asking?

We asked how many other properties in the area they had?

We asked how many of them were vacant?

Write it all down. (We have found that if we are studying or making phone calls, its better to write it down.)

Those questions allowed us to pry a little further. We asked Would you be interested in letting us fill your properties with renters or even sale some off since they had so many not producing?

During that drive we made 7 phone calls (+/-2 as it was two weeks ago.) From those call's we got 1 person to say yes. A single investor with a small portfolio (approx 27 properties, with some of them being a mobile home park.) Thanks to our marketing plan, we have completed 3 deals with this investor in 2 weeks.

A rent to own - we kept a majority of the down payment

Just moved a renter into a property he owned with a deposit (this was our first deal actually)

And one more rent to own - we kept %40 of the down payment.

Honestly we were using the drive by time as a excuse to get outta our house's. On one of those day's were you are bored but your wife says its to cold to go out. We are two working class guys two. I do property preservation, my partner has a septic pump truck service. we couldn't afford to use our money to attempt this.

I hope this helped you. Probably not the answer you wanted but it worked for us.

Awesome, what bubble do you think will pop first? housing? or web marketing?

Seem's to me you should have no problem building a buy/sale list. with that as your daily job, your around the type of people you are looking for all day. from that info i recommend you use the $100 to to buy Premium vista print cards. (not the free ones everyone has them.) Here is a coupon for half off your order.

http://www.vistaprint.com/free-business-cards.aspx

and then i would go buy a basic att smartphone with a go plan. put that number on the card's. that way your not even spending all of your funds. i wouldn't waste my time with direct mailing (to expensive, and you cant just do three house 's on the street, you have to do the whole street.)

Myself and my partner just completed this step. For us we drove around for 30 - 45 mins, in a area we were interested in. (Which
was the wrong area for us.) during that time we just drove down every street. If we seen a for sale by owner or rental sign. We

called the number AFTER we had done a very basic walk-around peek in the window walk.

We asked what was the price they were asking?

We asked how many other properties in the area they had?

We asked how many of them were vacant?

Write it all down. (We have found that if we are studying or making phone calls, its better to write it down.)

Those questions allowed us to pry a little further. We asked Would you be interested in letting us fill your properties with renters or even sale some off since they had so many not producing?

During that drive we made 7 phone calls (+/-2 as it was two weeks ago.) From those call's we got 1 person to say yes. A single
investor with a small portfolio (approx 27 properties, with some of them being a mobile home park.) Thanks to our marketing plan, we have completed 3 deals with this investor in 2 weeks.

A rent to own - we kept a majority of the down payment

Just moved a renter into a property he owned with a deposit (this was our first deal actually)

And one more rent to own - we kept %40 of the down payment.

Just like you we had planed to move slow for us that seemed the best may to make sure we stayed out of the red. But we were flexible enough to go with the flow. honestly we were using the drive by time as a excuse to get outta our house's. On one of those day's were you are bored but your wife says its to cold to go out.

As to letting them know that your a realtor, most of the types of people that you would be talking to are going to like cash. especially quick cold hard cash. if i was you i would not mention it intil they asked or you find out you cant do anything with the property but still want to keep good relations with the customer.

I hope this helped you.

Sean Brennan little of topic, but what does a certified general real estate appraiser do?