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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 10 times.

Post: Newbie in Fayetteville, NC looking to wholesale

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Adrian,
It is nice to see NC has another representative here at BP. I may have some contacts up your way (I'm in Charlotte) that would love to show you the ropes. Let me make some calls and I will get in touch with you privately to let you know what I find. Might have someone locally, might not. I'll let you know.

For now dig deep into the wealth of knowledge that is at your fingertips here at BP. This is truly amazing information and its free.

Welcome and talk soon.

Post: Why Most Beginner Fail? and How To NOT Fail!

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Great post and really amazing replies. As I read through it I literally get butterflies in my gut because I can remember back at different moments in my life when I actually came to the decision, do I quit or go on. Those are rough moments. I look back and celebrate the times I pressed on and broke through. Not every time did my decision to press on lead to financial success but they ALWAYS led me to personal success. Well done to all who have posted here and I hope that all walk away as encouraged as I have.

Post: John T. Reed

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

I currently own a couple of his books and have found them to be helpful. I purchased them several years back when I was just getting started and the do have some valuable content.
Funny we make fun of the size of them when if you have gotten any of the guru's stuff out there lately it has a lot of extra stuff that is absolutely worthless. Meaning it comes with a ton of filler.
I think that there is an arrogance to him that turned me away from his material and much of the good content can be found free at your local library in other books. Although his books on coaching football are really not that bad, haha. Seriously.

Post: Hello.

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Welcome to BP Philip. I think if you spend some time on the different forums you will get answers to a lot of your questions. Finding foreclosures in any area is easy (I guess that is good and bad). There are dozens of websites that will list that information for you.

As for dealing with the agent, you need to keep searching until you find one that will work with you. I'm sure there are hundreds in your area, just keep trying. Keep in mind that they do not want to waste their time if your not serious.

Keep learning about the process: who to contact, what you will need and how you'll get it. There may not be a better source of free information than what you have found here so take advantage of it.
Best of luck to you!

Post: Hello from Charlotte,NC but California still has my heart!

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Hey thanks everyone. I have been posting a web address after my name for years. Still learning biggerpockets etiquette. I love how many brilliant minds there are here and can not wait to learn as much as I can from so many experienced investors. Thanks for the welcome. I truly appreciate it.

Post: Awful smell

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

I can sympathize with you. I used to own a pest control company and this is a major problem. You really have three options,

1, search around for the odor until you find it (may not be possible without opening walls). only way to do so is follow your nose.

2, Mask the smell with some type of Lime agent, just be sure to read the label and follow it.

3, wait it out. Usually takes 10-14 days.

Biggest thing you must do is find where they were getting in and block that access off. The smell can follow duct lines but in my experience it is not common for the animal to die in the line.

Hope I helped in some way.

Good luck

Post: What is the best way to evaluate repairs needed?

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

It has been said several times but working with a GC is not a bad idea the first couple of times out. Here is what I have found:

There are three general types of cost estimates, each with corresponding degree of accuracy:

1. The “guess†method: (i.e. “All bathrooms cost $5,000.â€)

2. The “square footage†method: (i.e. “Remodeling costs are $60 a square foot, the job is 500SF, so the price is $30,000.â€)

3. The “unit-based†method: (i.e. “To replace a toilet the bowl costs $45 and the tank costs $50. The installation of the tank and bowl will take a plumber 1 hour at a rate of $32/hr. Therefore, the cost of material and labor for adding a toilet would be $127.†)

The guess(timation) and square footage methods are the most widely-used methods of estimation. They are fast and require less skill. Unfortunately, they are also the least accurate.

When used, these methods introduce too many variables in the areas of material, labor, and timing into your projects and deals. That costs you and your customers a lot of money.

But let’s not discount the guesstimation and square footage methods altogether. If you do use these types of estimates, use them for qualifying a deal but never for bidding or negotiating a price.

Unit-based estimation on the other hand, is the least used and most accurate method. So if accuracy matters, then why is it that unit-based estimates are not the standard?

Up until now, producing an estimate that itemizes material costs (unit by unit), labor costs (demolition, removal, and installation) and project timing costs (don’t forget those holding costs); was extremely time-consuming, required expert knowledge, and was very costly.

Regardless of time, knowledge and cost; the results of the unit-based method are a very satisfactory tool for determining economic decisions based on price and generate accountability due to the supporting information available for review.

Put in the simplest of terms, if you are doing deals; please use the unit-based method.

Let me know if your interested in learning more about the unit-based method. I have some cool stuff that makes it so simple and cheap it will blow your mind, but I have rambled on enough already.

Best of luck to all!

Post: Anyone Using Filthy Riches Course by Larry Goins?

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

I have had my hands on Larry's course before and I think that it is probably one of the better ones out there. Like ALL of the guru courses you adopt some of the materials for your use and abandon some. His had a lot of content instead of *fluff* which I sure appreciate. I learned a few ideas from him and would recommend his materials to someone who is new to investing.

As far as knowing anyone who has been successful using guru stuff ... I have known dozens who are successful and started with a course. It almost always develops, integrating their own style and personality into their investment business but non the less they started with a course. That said I know hundreds of people who have purchased multiple courses and have never bought a thing. Sad really. At some point you have to have the guts to jump off that cliff and do it, most sadly are bound by fear. No real estate course I have found can change the moxie of a person.

Hope this helps.

Post: Hi from Union, NJ

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Wow you sure have gone about it the right way. Good for you. When I first got into the investing game I took the READY.FIRE.AIM approach. I was a wreck but learned a lot. Just remember to pull that trigger. You can do it and even if you screw everything up (I have) it's not really that bad! Good luck! You will do well I can tell.

Post: Hello from Charlotte,NC but California still has my heart!

Account ClosedPosted
  • Real Estate Consultant
  • Charlotte Area, NC
  • Posts 13
  • Votes 0

Hello all! My name is Travis Tucker. I have been investing in real estate for 12+ years now. I began in sunny California with a couple of condo's and have moved right along swimmingly.

After graduating from high school I got my real estate agents license and tried my hand at selling some homes. NOT FOR ME! I did not enjoy it but still loved something about real estate. I started investing, flipping houses thanks to Visa and MasterCard (not a smart move, but it paid off), and it clicked. I fell in love with investing. At the same time I took over a Termite and Pest control company and ran that business for a number of years. Left that company for more Real Estate.

Now I work for a company outside of Charlotte, NC that has some pretty cool real estate technology that we have made available to the general public. Pretty cool story, pretty cool tech but don't want to pitch it here.

For now I have hung up my full time investor hat and have begun to help others in the industry through the company I work for.

Well there I am in a nutshell. I look forward to meeting all the great people who contribute to this site.

Best Regards,

Travis Tucker
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