All Forum Posts by: Steven C Hazel

There is profit in Networking so bring your business cards, speak with as many people as you can and make connections! The Treasure Coast is a great place to make money in Real Estate!

PSL REIA is a group of professional real estate and passive investors set up to help each other combine resources. There is NO SELLING at any of our group discussions.

Instead we do a round-table discussion with real investors and help people develop the resources they need, get their questions answered and get their deals analyzed.

We will share what techniques are working for real estate investing, creative financing and growing small businesses. This is a "no sales" but high on recommending tools, vendors which are working for other small businesses, entrepreneurs and investors who have started on the path of financial freedom!

Looking forward to seeing my fellow Bigger Pockets members there!

Thanks,

Nancy

Is this group still meeting? I'd like to attend.

0 Votes

Originally posted by @Robert Wardlow:

I am a newbie and I use propstream. I like the ton of information there is about properties. I like the search filters, for example, I can look for MLS in a price range that is priced below their estimate of current value, I don't know anywhere else to do a search like that. Also it includes Blue Hammer to help you estimate repairs and it includes a section that collects information and presents various reports including valuation reports.

All this said, it is $99 per month and I am also concerned that it is a bit pricey.

Maybe as I get more experience I will find the same capabilities for less elsewhere.

After watching , $99/mo seems pretty reasonable. Maybe even low if it does everything it advertises. I'm not affiliated with them at all. I'm just considering them myself.

1 Vote

The average TK returns appear to be around 8% per year, same as the stock market. I'd imagine even with TK, you're looking for the needle in the haystack. If they were all good, the TK company would have been a real estate buy and hold company.

0 Votes

Originally posted by @Kase Knochenhauer:

@Steven C Hazel - I don't know this area at all. However, I'm very careful of Federal Fair Housing Laws as a Michigan investor & agent; as should you. Defining specific areas as a 'hood' starts driving us toward a Fair Housing problem discussion; which I know you aren't trying to do.

That said, there's a plethora of free information out there to help define which areas you'd like to invest in or not. Here's just one example that can create a crime heat map of Stuart, Florida.

https://www.neighborhoodscout.com/fl/stuart

Finally, my last tip, drive the area at dusk and make your own assumptions regarding the location of your investments.

Thanks for the link. I didn't know Neighborhood Scout had that free info, and it looks like the areas I'm concerned about are actually lower crime than the other residential areas, so that's a surprise. I've driven through the area as an uber driver at all hours of the day and while I don't expect to get robbed, it's not my first choice to raise a family.

I guess I'm so green, I don't know what the Fair Housing problem is. Sounds like I should look into it more. Not trying to be controversial about anything.

0 Votes

Greetings Florida investors! I've been in the Stuart area for 10 years and am still determining if this area will work for me or if I'll have to look at St. Lucie County instead. Stuart is an expensive town and the only properties I see that can pass the calculators and fit in my price range are in Golden Gate and East Stuart. Locally, these areas are considered "the hood", but I'm not sure if that's just because Stuart is a small, expensive town. The Stuart "hood" is still nothing compared to Fort Pierce or parts of West Palm.

Can anyone with local experience share their input. Would you buy in these communities? Are they working class or ghetto? Thanks!

0 Votes

Originally posted by @Christian Walker:

I was wondering if anyone knew of any Social Media Marketing courses out there that would teach how to market on those platforms from scratch.

I've faced this same problem in other industries. Marketing has become a finely tuned career path its own metrics and standards, and it's a broad and ever developing field that requires familiarity with SEO, coding, and various platforms, each with their own learning curve. I've been advertising on Facebook for years and just keeping up with their changes alone requires a good amount of attention. This is the technical aspect of marketing before you even get to the parts we normally think of as marketing: copy, style, delivery, etc.

I also realize that although I have experience in sales and I can put a FB ad together, my own marketing efforts will often be sub par to a professional marketer. There's just a lot that I don't know that I don't know.

My advice to anyone who insists on doing their own marketing would be to learn the metrics of marketing (PPC, CAC, ROI), then venture out to see if you can meet the industry standards with a little testing money, but hire an agency also, and you can determine if the difference in returns is justified by the higher cost of the agency.

Unfortunately, lead vendors and ad agencies can be difficult to deal with, and even harder to find a good one.

2 Votes

@Adrien S, do wholesale deals typically bypass the inspection and associated contingencies? I had considered looking for wholesalers for my first purchase but now I'm wondering if that's best. Thanks!

0 Votes

Originally posted by @Jennifer Stradtman:

Hi, Braden. Thank you. I’ll gladly take the help.

I use both realtors to buy low priced rental properties ( less than $250k) and I use only one to rent my properties and occasionally sell a property. On the buy side, I have bought close to market price so it wasn’t a problem for either. Now, with a little more knowledge, I’m more diligent about what my purchase price needs to be to hit the returns I want to see. I want to earn a minimum of 15%.

I found a 4/3.5 townhouse at $158,500. the market is strong in Nashville for sellers. But, I still wanted to start out with an offer around $129k to see where the bottom was in the sale. Seller bought at $60k. There are two identical units for sale in the subdivision. One on the market for 60 days the other for 120 days. One is currently occupied and renting for $1250. Market shows it should rent for $1350. HOA is $242. It was a struggle but I finally got my realtor to agree to put in an offer at $131k. My ideal would be to buy at or less than $140k.

My realtor refused to place an offer at $129k and said “ they’re not selling it based on their purchase price, they’re selling it based on market price.” Well, of course. That’s what I would do. But, I have six houses all in different stages. Two are listed for sale. I’d take a lot less than list on two because the market isn’t working in my favor. I’d hold my price on the others. So, market is a relative term to me based on individual circumstances.

What am I doing wrong? How am I looking at it wrong? Or how should I communicate better?

Jennifer

The agent sounds good for the happy American home buyer, but not so good for investors. I would keep looking for a good agent. I'm new myself, but from what I hear, that's one of the hardest things to find.

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Originally posted by @Max T.:

Nothing new here. Just the thesis of Gary Keller’s best selling book. You call it marketing he calls it lead generation.

Which book of his was that, please?

0 Votes

Hello everyone! I'm very happy I found BP. I signed up for foreclosure.com through BP and I noticed a lot of properties with tax liens. I understand some investors buy these to collect from the homeowner, but has anyone tried reaching out to these people to try to buy their home? If so how are your results?

0 Votes

All Forum Posts by: Steven C Hazel

Steven C Hazel has started 3 posts and replied 14 times.

Post: New REIA on the Treasure Coast (Florida)

Post: Propstream - is it worth it?

Post: Turn-Key Rentals- Good or bad idea? What are your opinions?

Post: Stuart, Florida: Am I looking at working class or hood?

Post: Stuart, Florida: Am I looking at working class or hood?

Post: Digital Marketing Courses?

Post: Purchasing from Wholesalers or Off Market

Post: Investor friendly realtors

Post: YOU ARE NOT A REAL ESTATE INVESTOR, your a marketing agency

Post: Offering to buy properties with tax lien?