All Forum Posts by: Buck Tadlock

I met with an agent in Houston (Shawn) and he was very helpful and knowledgeable. If you have the time, you should meet with someone (Ed), just to go see what they are all about and get on their VIP list.

If you have a local REI club, ask them/there for agent referrals. Some may even have realtors as members and would be very helpful from an investment point of view.

What about extracting leads from bandit signs - wholesale the "motivated" sellers homes and list the others? Of course I'm sure you would need to disclose the fact that you are an agent to stay on the up and up.
Perhaps do CMA's for investors and they will list with you in return (on their rehabs).
Obviously you would need $ for the signs and a ride to plant them.
The free online classifieds (Craigs List etc.) is a place you could scout from your laptop.

Teri,
Pearland is just south of Houston (right down 288)
Will you be attending any of the REI clubs?

Hello Teri - I'm down in Pearland :)

They also have the Newbie Club that meets same place as Wealth Club.
I don't think you have to join Lifestyles as an elite member, been to a few of their events - seems they are like $500/year or so.

It's for a family member in that town - if you have any reputable contractors please PM me.
Thanks.

I'm looking for a few contractor referrals in Hendersonville, TN. I'm in TX but have family there looking for someone trustworthy. I'll pass them along if any of you know of 3 or so.
Thanks

thank you sir! I've never heard of a "shared appreciation mortgage", will you expand (I'll look it up too).
My cousin is a closing agent at a local title company, I use her when I can. They are run by 2 RE attorneys, she has mentioned that I need to set an appointment and talk with them. Do you have a "checklist" of things I should ask of them?
Thanks again.
Buck

As a new investor (only have 2 rentals/fix & holds under my belt) and my credit not being good enough to get conventional financing for investment properties (no foreclosure or bankruptcies & I'm working on repair) I have been wanting to either:
A) try and raise private funds, and/or
B) try and find silent cash partner
In the case of a cash partner - here is what I would bring to the table:
I'm a licensed real estate agent (TX) so that should cut out around 6% of broker fees? I would utilize all my resources to market rehabbed property (paper and online classifieds, neighborhood campaign, open houses, MLS and use the Freedom$soft syndication wizard). I also work with my brother, who runs a home building and remodeling company - so I get some nice discounts on labor and materials. Just basically looking for someone to front the funds and sit back and wait for the sale and receive 50% of the profits.
BUT, how would I go about giving them security? Would it be through a promissory note and giving them first position lien on the property? Plus, I figured if all transaction goes through title company, they would be more willing as opposed to funding going into my hands.
Any help will be GREATLY appreciated! I've got some SFR's locally (Houston area) that I really want to get to work on!