All Forum Posts by: Joe Butcher

@Bryce Y. thanks man. Thats a super rate on that refi....what was the situation were you refi-ing out of if you don't mind me asking?

If you have a contact to share, please message me.

Thanks!

@K.

@Account Closed

The counter tops and backsplash were taken care of by the GC. They are formica. To be honest, I came over one day and the old countertops were there, and the next day, the new ones. I never even asked. I really dig the full backsplash though, but I would imagine it was custom ordered. They did a nice job caulking the seam too.

The flooring: The standard oak hardwoods that you find around here with houses built in the 60s were under the carpet. Unfortunately, someone did a really bad job trying to refinish them at some point.....looks like they used that "all-in-one" stain/poly stuff and it came out almost black. It could easily be refinished, but I didn't want renters tearing it up, so we just put vinyl plank flooring over it. Durable and looks great. Carpet in the bedrooms, btw.

One more thing I wanted to mention that other newbies may want to consider. My initial idea was to wholesale this deal, but I saw someone start a thread here to the effect of "why do wholesalers tell people that they are cash buyers when they really aren't?"

I'm pretty sure it was @Account Closed who said something like (and I'm paraphrasing) "Instead of telling the seller that you're a cash buyer, why not find the financing and buy the deal yourself?"

Thats what inspired me to do just that.

I should also mention that since I've done this I've had friends and family offer private money to partner up on a flip. If you get a deal done, TELL EVERYBODY.

@Brant Richardson my RMLO worked that out I guess. I met him at my REIA and he works largely with investors, especially buy and hold investors.

When I got the deal I called him and told him my intentions and he said it would be no problem.

@Ben G. To be fair I use Jerry Puckett for my letters and he also provides a lead tracker via Google Docs. It's fairly straightforward and since it's web based we can both access it.

A few of the podcasts have mentioned other types of lead trackers but I cant recall them right now. I think Podio was one of them.

@Ben G. exactly. There's honestly so many different scenarios and ways to structure a deal, different types of motivated seller, etc that it seems like the only way to know which one to use and when is to keep studying, keep marketing, keep networking and keep making offers.

Thanks Aaron. Your podcast was very motivating. Going to the BP Meetups, my local REIA and some DFW investors were VERY inspirational and helpful to me.

@Jon Klaus @Jerry Puckett

I only started doing this about 6 months ago and never imagined I would have gotten this far. So, not to sound too "Academy Awards" but I should thank Brandon Turner and Josh Dorkin. I was able to do this without paying any gurus or attending any rah-rah seminars. Most of the info I got from the forums and podcasts.

@Ben G. good question. I tooka breif hiatus from my marketing but it goes back into effect this weekend. I plan on adding a couple more strategies.

I am also learning more about Sub2 and other deal structures so that I don't lose leads because I'm not sure what to do with them.

I'd like to do a flip or aquire another rental.

Thanks @Zaid R. . Yellow letters work for sure. They get the phone ringing. I took me a few calls before I started seeing who is motivated and who isn't.

I actually got a call this week from a guy who got a letter I sent back in October!!

@Cory Melick thanks man. A toast sounds good to me!