All Forum Posts by: Sabrina Kane

Hello @Chris RocheI was a realtor in Texas in 2004. And I will tell if I knew what I know now , THEN

I would have go in as a Realtor and started catering to all the INVESTORS. Rather than trying to sell a new house to the Jones's. With the Investors you are highly valuable, as you can run comps, list properties for us. Pull expired listings for us. 

You can have 10X more investors than you could ever have home buyers. 

Another plus is that investors are cash buyers, so rarely you have bust outs at closing because of 

conventional loan process backed out on financing the deal. 

So learn more about what investors like in your area and reach out to them. 

A good Investor Friendly REALTOR is priceless. 

Good Luck and Welcome 

Yes absolutely, if its one of those MLS worthy deals with enough meat on the bone, Yes list it. When the realtor list the property ( use an investor friendly realtor not just any realtor) mention to the realtor to mention CASH in the finance area and also in the description for agent notes mention FOR INVESTORS ONLY and or CASH BUYERS.

The only cons to this, is one time I had listed a property and the family members saw the house on mls and started calling the owner, "you're selling the house " we didnt know "whats going on" etc.

So when the family tipped off my seller, they saw how much MORE I was selling it for lol. 

NOW - The rebound to this pickle is 

1. In special provisions I ALWAYS (now) in the sales contract, always mention"Buyer is an investor with the intent to sell, market, and or assign this property for a profit"  Tell the seller that so they understand. Most wont have a problem if you mention that upfront rather than later. (lesson learned) 

2. If the seller get antsy and whinny about the profit margin. Let them know Mr.Seller yes the property is listed for $10K more, however. I am paying the closing cost, as well the fix ups needed on this house in order to get it re-sold. I am simply marketing the deal simultaneously.  

3. If they want to back out the deal because they see they can get more money. Then you say well lets renegotiate the numbers, and then you give them a little more to make em happy within limits of your profit and etc. Usually a $2K more will hush em up. Especially when you HI-LITE the fact they are not paying closing cost, nor 6% to a realtor. 

Good Luck 

List and Be Upfront with the Seller. 

Thanks

Sabrina Taylor 

ATTENTION READERS: 

If you are interested in the HACKING Buyers List : I have created a VIDEO for my BP family.

 FIND CASH BUYERS HACK VIDEO - I know you are going to love it 

https://www.biggerpockets.com/forums/87/topics/282...

Hello BP Family 

      I created this video for you guys & gals. Take it and run to the bank. 

If you enjoy this video VOTE it up and That Let's Me Know To Bring More Videos!

@Eric L Walker Okay

1. Do you have anyone who has more rehab experience than you? If so you may want to tag team with them so you do not OVER spend on your rehab budget .Its easier said than done to rehab. You will find yourself in the rehab rabbit hole: lol  If you do not have anyone then please please please have a contractor come and walk through the entire property and you guys can up with a SCOPE OF WORK plan. Name everything that will get fixed and the cost to fix it . Everything down to nails glue and a light switch. Please now a scope of work plan is not the same as a TO DO LIST that most newbies do. Just ask the contractor or google online so you can see how detailed a Scope of Work plan really is.

2. Buying this property. If its been sitting that smells like motivation motivation motivation. First once you get your scope of work done. Then you can make an offer. You have to know your exit strategy and cost before you make an offer. And make your offer so low, you almost feel like its an insult. Lol seriously. That something that i have to still get over which is emotions in making an offer: im a female so im emotional by creation. So please negotiate that deal get your donald trump hat on.

Exit strategy must know- since you are flipping make certain that the cost you spend to BUY IT + Rehab + desired profit + any fees involved to sell it = does not exceed the sales prices of the current market value of similar properties in the area. Or you could find yourself having to rent it.

CHEAT Sheet: go look at some recent properties in the same area thats rehabbed. If you can catch contractors working GET THEIR CARD. 

Go view the inside of those recent rehabs and see how they did it, paint colors bathrooms etc. that can give you an idea what you need to do at the least. Plus your peeping the compettion. 

Good Luck and please know that , whatever outcome occurs you are still a winner.

Because Every deal brings Wisedom !

@Santos Collanteswe'lll i had to show him exactly what do to! Hahha

@Tim ShinI come across all kinds of properties when i cast my net,but at the moment i am focusing just where my buyers want to buy. 

I will tell yeah if i cast my net in that klein spring area, its going to likely be 

Pre forclosure so ill get it subject to and assign it to you. 

And P.S when i assign a deal im involved all the way to closing til the last stroke of ink on the closing docs. To ensure everyone happy and no hiccups. Im not a ball dropper :)

Inbox me

@Eric H.right so true. Now think about how the word it self even stirs emotions - failed -

But in reality we all have to fail first, we've been failing since we attempted to walk as babies. 

@Desmond CollinsYes I know about that tool however he is a newbie and need to build and experience ground zero. This route gives him INBOUND marketing approach with buyers calling him, rather than him calling the buyers. (if he goes with the Real Estate Property Pro) Likely the conversation will be odd since this is his first deal.  

HOWEVER, I know a more advance way that's FREE and does exactly what Real Estate Property Pro does :) HACK - if you want to know @Desmond Collins let me know ill show you inbox me. 

Anyone else welcome to inbox me as wel if you have at least one deal under your belt for this Buyer List Hack.

Thanks

Hello @Ryan Payne Welcome

Trust Me! When you find your 1st deal and its a deal. You wont have to worry about trying to build the list first. You list it in 3 places and I'm certain it will be gone. Here's the plan 

Get you a GOOGLE VOICE NUMBER ( its a must yes it is) 

Day #1. 

Marketing : List on Craigslist 5 times a day about 8am 11am  2pm  5pm  8pm (thats a 3 hour spread to cover the clock at early birds, lunch hour, after work, at home, night crawlers) 

Here is a sample listing of what to mention (from my actual listing numbers change*) . 

Make sure you have good pics at least 6. 

SUBJECT TITLE : $$►►Wholesale Deal OFF MARKET STEAL - $30K - ARV $105

"30K Steal of a Deal - Don't Let The Boarded Up Windows Scare You"
Houston TX, 77021
Neighborhood: Ost - South Union
Market Area: University

Property Description
**DIAMOND** in the Rough Flip Opportunity or Cash Flow Rental in South Union, Houston TX. Property is 4 miles from TSU. Located in the heart of University Market Area. Exterior and interior work needed. Has been unoccupied for a few years.

ALL COMPS have sold within 6 months.

Property Details
Square Footage 871
Bedrooms 2
Bathrooms 1
2 Driveways for extra parking
Storage Shed In Backyard
Year Built 1945
After Repair Value $105,000
Est. Repair Costs $40,000
Asking Cash Price $30,000

Buyer pays all normal closing cost
$2000 NON-REFUNDABLE deposit to lock in this deal.

SERIOUS BUYERS ONLY - NO WINDOW SHOPPERS
Call or Text or Email RYAN - I'll reply promptly to all communications.

NEXT MARKETING SOURCE

Then list it for free on www.MyHouseDeals.com

Then list it for free on www.Zillow.com

Thats all you really need. The phone will ring off the hook. Remember GOOGLE VOICE is forwarding all the calls to your cellphone, also its capturing all these investor caller phone numbers. You will text them or call them when you get your SECOND DEAL. You should have a list of about 50 investors or more if you do this. 

For the Next Days Until Sold You Are To : renew your ads on craigslist if they expire, and repost every day 5 times a day. If you do not want to do the posting. 

Go to www.Fiverr.com and pay $5 to have someone post to CL for you for 5 days. 

ONCE ITS SOLD: Leave the Ads Up and let the google number keep catching those numbers. Eventually the ads will self expire and the calls will slow. UNTIL YOUR NEXT DEAL ! Wash Repeat If Necessary, however you have a buyers list now. You may not need CL much after this. 

Thanks 

Sabrina 

GOOD LUCK 

Hello @Eric L Walker Welcome. 

Now about this first time flip, you mentioned you have the house already setup? 

Can you tell us what you mean when you say setup, do you mean you have the seller already willing to sell to you? You have it on contract right now ? Let us know. so we can help you better. 

Thanks