All Forum Posts by: Greg B.

@Major Robertson thanks for your input. Anything i can do to increase my hours in a day is a good thing

@Gordon Cuffe Thanks. I'll look into those. I worry about the courts because I don't want to sign a great deal just to have seller's remorse kick in and they try to steal my steal

Good hunting

Would you happen to know what company or software your agent uses?

Happy Saturday,

Between sending letters and looking up properties I started thinking about ways to make the process of buying and selling a little easier. I was wondering if any investors use any type of online signature program to sign contracts. I've looked at a few companies that provide that service but I haven't dug too deep. Figured I'd throw a post up about it while I'm researching.

My main concern is how the online signature would hold up in court. Looking for feedback, pros and cons, from investors that may use this type of tech and how its been working out for you.

Thanks

I think @Brent Coombs doesn't mean it's a bad deal but it's NOT a BRRRR deal. It's a simple buy and hold at around 80%.

If you're buying at $65k and putting $15k into it you're at $80k (not including any other costs to purchase) which is already at 80% of your assumed ARV. You wouldn't be able to refi anytime soon to complete the last 2 R's.

If you're positive that you're rehab budget is sound and you don't have to hire a PM and the rest of the numbers are solid....Good deal...Congrats!!!

If you have a job, an approval letter, cash, good credit, or any combination of the four, who cares what kind of car you drive?

The type of car you drive doesn't close deals. To be honest, having a nice car might make you look like the slick infomercial type investor and a seller may hold that against you.

If I was selling a property and you had a potato sack full of cash I wouldn't care if you rode in on the back of a monkey.

Good luck

Good evening all,

I'm a newbie here so take this for what its worth but I have a question about the Marketplace forum. Is it me being a new investor or are the deals (rehab and "turnkey") posted in the Marketplace a bunch of losing properties?

I've only purchased, held, and sold 1 property so my expertise on running the numbers may be way off but are these the type of deals that most investors purchase and make money on?

Thanks

@Brit FosheeVery impressive. I'm a numbers guy by trade so cutting cost without sacrificing quality is a big deal to me. Thanks for the inspiration. 

Thank you for the detailed response. That makes perfect sense. I like the use of Skype. I guess with today's technology investing remotely isn't as difficult as it once was.

It also goes to show a good deal is a good deal no matter where you live.

How do you do it???

How do you go about buying a property miles away? I feel it's extremely risky dealing with an unfamiliar territory. How do you handle contractors or property management?

I'm looking into wholesaling and we have a ton of rehabbers locally but I want to advertise in the Marketplace one day since I've learned so much from this site. I feel I should attempt to give back. I'm just curious and would like to understand the mindset of the out-of-state investor to better package my product.

Thanks