All Forum Posts by: Travis Boyer

@Marcus Ramsey Read and Learn anything and everything you can about investing and or wholesaling. Start networking with investors in your area and see if you can help or assist them with anything to start getting your feet wet. 

Good Luck!

Travis

@Jeffery Neal Hi Jeffery, welcome to BP and thank you for your service! I am an investor in the STL, I have lived here most of my life. It sounds like you have the background which is great and reading books is important, you can never know enough about investing and it is always changing. 

We have some great Real Estate Investment associations or clubs in St Louis, once you get here I would recommend coming to some meetings and start networking with other investors. That would be a great start and a great way to push your investment goals along. 

If you would like to learn more about them let me know and I can Private message you details.

Good luck and maybe I'll see you at an event sometime.

Travis

@Tanya Potter, my 2 cents is your agent works for you, and they are required to present any offer that you, the client want to make regardless of how low it is. There is a saying with investors, and a blog post on here about it as well that if you aren't embarrassed by your offer then it isn't low enough. You will also find a ton of investors that will tell you they were told by agents, there is no way they will accept that offer then, it gets accepted. You just never know the seller's motivation for getting rid of the property. Take a chance on it and make the offer, maybe you can open negotiations with the seller and politely let her know why it was lower....xxx amount in repairs etc....

@Jesse Richardson  Hi Jesse, maybe introduce yourself and say hello to @Engelo Rumora who runs that company and is a big presence in Ohio. I'd llook up the podcast he did on BP and listen to it as well if I were you, I don't remember what number it was but it was pretty informational.

Travis Boyer

@Marcell Minor Hi Marcell, its ok to be honest on here....your moving to Mo because of the baseball teams...tired of the cubs so moving here will give you an instant winner with the Cardinals!! Is that it? hahaha just messing with you.  STL is a great city to invest in, real estate is very good here right now, low inventory and higher asking prices. I belong to a couple of great and FREE real estate investment clubs in the area. If your interested in attending a meeting and saying hi and networking with others private message me and I will give you details. 

Good luck on the move and I look forward to seeing you around town!

Travis Boyer

@Giovanna Enciso Start with networking and talking to other rehabbers in your area and find out who they are using, they will usually tell you the good and the bad ones. Also check your BBB (better business bureau) website and look for good reviews and A+ rating there. Both good places to start in my opinion. 

Full Disclosure, I am a general manager for a Mold Removal & Remediation company in St Louis, you say the basement has water damage, depending on how long it was there you could potentially have mold in the basement whether it is finished or not-finished. Make sure you or your contractor look for that as well during the inspection. 

Travis

@Jesse Jackson Hi Jesse, Find some local real estate investment clubs and start attending their meetings, look on google or meetup.com. Those would be a great place to meet others in the area and network with them. It seems like Tulsa is a great market right now, some investors even have their own show in Tulsa now called Flipping the Heartland. 

Good luck!

Travis

@Katie Rye Katie if your flipping and wanting to stick to the "70%" rule your numbers would look something like this. ARV x 70 - repairs = MAO (Maximum Allowable Offer)

If the house has an ARV of $100,000 x.70 =$70,000 - repairs. Lets say it needs $15,000 so $70,000-$15,000 =$55,000 is your Maximum allowable offer, start out lower than that so there is room for negotiation.

Travis

Great Job, good to see numbers and pics!

@Jennifer A Finn Sutton This is a question almost every investor in every city wants an answer too, I know I did when starting out. After being burned by a couple, what worked for me was finding some local real estate investing clubs (REIA) and start attending their meetings, talking to people, get involved and network. You will find out who the big guys are using and get great referrals that way. Google investment clubs in your area or get on meetup.com and check there as well.

Hope that helps!

Travis