All Forum Posts by: Jim Keller

Hello

A member of my team does them for some of the seller we don't come to terms with I can have him call you tomorrow

Jim

9518808646

In Southern California we primarily buy, fix, and sell I think an agent is necessary for time leverage. We always price our home in the mid, to high range to get our phone to ring.   Our homes typically show as the best available homes in there specific sub-market.  Our agent partners work to drive the price up as much as they can. sometimes its not price, its finding the best qualified buyer.  What ever our goal for selling the home is, the realtor is responsible and has all the stress to perform.

I read comments about having enough time in your day to sell the home yourself and save what, $15,000 I think your kidding yourself.  If your phone is not going off for a possible purchases on your next deal you are going to be sitting for months "finding" the next one, if your waiting to sell the first one.  Not a good thing to wait to make your next deal.  We always make more on our next deal that any saving we would make selling our self.

I was an agent for years, making the switch from agent to investor was difficult for me. completely different skill and mind set.  It would be a mistake for me to deal directly with a buyer that some how thinks a PAINT JOB, SMALL CRACK IN CONCRETE, SHOWER ENCLOSURE is a reason to not buy a home.  I just cant waist my time with it anymore, or the buyer that wants 3,000 sq ft home with a view and a pool but has no money down, and need payment assistance.  This is the client that also wants me the seller to "help" with a first time buyer program.  I can't do it all, "big realization"

Let the great quality agents work all these deals out and partner with them to get you top dollar for your home.  Or have them get you out of a deal you just don't want to own any more.  Leverage them, and your time and make more money with the same effort you used before.

Go to my agent marketing website by clicking below.

Click here for some marketing our agents did for us.

Hi All,

Teaching and education has been very important to my success and growth.  I just don't like the idea that you can "buy" your way into becoming and investor.  My training started years ago, when I dreamed of buying my first home.  I learned all about financing, cash reserves, fixed rate, and adjustable financing.  I had the same "hands on training" for construction, home sales, and escrow in subsequent years.  I would urge all that decide to "become" and investor to examine the talents you already have and work to include them in evaluating all possible transactions.  In my life i have found success breads success, so find a small success in your investor career and just build on it.

No person or organization will "give" you access to money making opportunity they haven't passed on them self.  In my search for new deals, investors, service personal, and buyers for my flip's  I hear many people with the wrong impression of what this business really is.  Here in Southern California there are many pretenders, I would proceed with caution when an Eskimo is selling ice, out of his igloo.

Go to google or  your Iphone store and get the app "meet up", at these meeting there are for sure wolves, but there are also good people looking for other good people.   At the meet up's I have met many people that have paid $199 to $75,000 for the "inside scoop", Its sad to me. Education is good, it's needed in out industry.   

Just my rant....

good luck all

I started a great new project in the heart of the city of Riverside in California.  This 4 bedroom 2 bath 1560 sq ft home has a small 180 foot cut out back porch we will be filling in to inclease our over all sq foot.

I purchased this home from a wholesaler I met at the Inland Empire Real Estate Club for just under $177,000 and the construction budget is $43,800. This home was originally purchased by the seller in 1961 and vertically everything must be updated and made new.

The addition is really just filling in a outside wall and pulling the wall down between the existing porch and dinning area.  The biggest change we have done is pull the wall down between the kitchen and frontroom.

The rest of the project is simular to what we normally do.  New cabinets, doors, scrape ceilings, retexture drywall, wood floor, tile floor, landscaping, driveway, heating and air conditioning, paint inside and out, base molding, refinish tub and shower, new tile wall over bath tub, light fixtures, and many other things.

We have sold comparable homes for $350,000 this will be a very successful flip for us, makes it hard to say no to flipping.

Most investors marketing in this space make the mistake of pushing NOD/NTS homeowners to hard.

Not to get to far off topic but when you were single you don't just walk up to other singles and say let's get married, you "get to know one another" this is a huge problem I see in this space.  Walking up to 8 homeowners in default and asking if they will sell to you is a waist of time.  Show you care, some respect it will go a long way

Take you're time with these "little bars of gold hidding in the street" they all need your help, the ones that don't respond to you forget about, the ones that do will softly and gently cry out to you and as the process plays out will ask you to buy there home. 

Good luck

Jim 

I have sold and purchased homes with multiple heirs.  Your contract needs to be signed with an administrator for the heirs, In California we have probate where an heir is placed in charge or the court a points the administrator.  Everyone has to give athority to sell..... 

Good luck

We have never been to a Than show, we have made hundreds of thousands of dollars with our own buy, fix, and flip formula and it  takes more than 2 hours to learn how to do this.

I don't believe my system is better or less effective than any other, I just know it works. Consider locating a working investor the "Meetup app" is a good place to start. Use your own since to determine who you will give your time to for free.  Spend a couple of months working with/for them, my guess is you will start to see you can't buy in to the "idea" of flipping and make a profit.  You have to invest in properties to do so.

Jim

Hi Bryton

This is importaint, if your like me I just was looking for good information/good people to start me off right.  Let me give you a couple of things to look for.

1. Your money is treasure, don't part with it easily.

2. The voice in your head is right.

3. Have fun!

I hope this helps you...... to be clear most new people that come to the 3 clubs I attend tell me stories of $40,000 classes/mentorship. Most all say they knew it wasn't the right thing to do, but just thought they could "buy in".  The fun aspect is a hard one to put your finger on I just know the people and deals I work on good or bad don't stress me.  They are part of my professional development that makes it "fun" for me.

Good luck

Jim

James

California has very spicific laws I would look at California Civil Code 1965, 1980 to 1991 those statues spell out in detail the procedure for disposing abandoned personal property.

My apologies for not being clear in my first post but I went back and read this question from another site I read.  Remember California has very spicific rules you must follow.

Good luck 

Jim 

Albert

I have many years of real estate behind me, over 600 closings. The majority of my personal investments have happened in last couple of yrs.  Please spend time tonight reading all of the instructions.  I'm in the process tonight of going through some escrow papers a quickly signed and it looks like I will loose money on a deal for the first time in years.  

There is a lot of boiler plate type verbage on these instructions but you should understand these pages, and no one will trick you.  Take your time, you have days and days to read and understand them.  Read through them put post it notes on the pages you don't understand and call you ESCROW OFFICER and ask for an explaination.  

Make this simple and do exactly what I just said to do and you will be a pro in no time.  I was an agent for years, you said you have no representation.  Lean on the service providers you pay for.  If your working with a lender ask for help even your tile officer,  ask stupid questions.  You will be rewarded for doing so.