All Forum Posts by: Bizi Kayumbi

@Dev Horn

Hi Dev,

Sorry for the long absence. But this is brilliant! I will contact Andrew and his team and see if I can get in on the opportunity. I really seek a strong experience in REI. I will mention that you recommended me. Thank you!

another source I use that is not MLS but I believe to be more accurate than Zillow and Trulia is Redfin.com. Their basic free service provides you with two comps of similar and recently sold within a 1/4 mile...

I am not sure how the rest of investors feel about Redfin but it will be interesting to see on this thread.

"It's a bull market, people!"

I have been marketing for motivated sellers in the Dallas area. But oftentimes I'm noticing that most FSBO sellers are selling their homes at market value.

I always compare a FSBO seller's asking price against Redfin.com just to get a sense of market pricing. The basic service at Redfin gives you 2 comps ranging within a 1/4 mile of the address that's put in under "what's my house worth". I pull FSBO ads off the web use an online service to do my call blast.

People who have called back so far don't seem to be the motivated sellers. In fact, most are selling at market. Of course I am not giving up my campaign, I am steadfast until I find good deals on properties. But I find it hard this market.

Am I applying the incorrect marketing campaign strategy? Is it really because of this seller's market? Or should I continue steadfast with this strategy (online FSBO ads and call blast)? Could the BP Investor Community advice me on additional strategy ammo I could add to my repertoire to be more successful in my campaign?

@john Holdman I understand. I know there is a reality to this. I realize that with no time and no money, nothing can be done. But I have some time on my hands just not as much money to start as I'd like or need. I'm an Investment Performance analyst and My FT job ends at 4pm with no work on weekends. I spend a lot of time reading and commenting on this blog recently.

Being new I am still struggling with marketing for motivated sellers (the step 1). There are seasoned investors such as yourself who know tons on these subjects, have written about it a lot and I'm sorting through and reading a lot on it.

I am trying to reach out to the more seasoned investors to serve as guides in my early stage. With that said, I would appreciate it if you could help answer some questions as I progress and need advice. I'm driven enough to learn the steps and from there be successful in Real Estate investing.

I will read about Phil, as you suggested! Thank you!

On this same note, does anyone know Phil Pustejovsky? I am considering his coaching program because he seems to me like a very genuine guy and his fee are NOT as hefty in perspective; I mean compared to many others I have seen so far.

Why aren't there just mentor willing to take a 50/50 cut on deals by signing a "joint venture agreement" attached to all deals?

I get it that a lot of people quit or try to play them; there's all kinds of people out there. Meanwhile, those such as myself who are ethical, honest and genuinely ready to but with little money to start aren't getting the chance they should because of these hefty entrant fee....

wow! This post is very eye-opening and educative! I spent all morning reading every single line. It is was interesting to also see Jerry Puckett in his early days in December 2010. It feels like myself right now. These days Jerry too is a major reference point for investors when it comes to probates and marketing. That encourages me as a new-and-aggressive-ready-for-action investor.

So, I want to start with a wholesale strategy because it presents a lot less risk for the new guy like me working without a mentor... And since most you experienced investors don't take lousy deals from newbie wholesalers, my gathering is that you still analyze ALL of them before tossing some away.

Therefore, for my wholesale deal to get your attention, it needs to be ethical, honest, profitable (for my buyer), and have estimates made by field experts such as realtor comps and contractors/inspectors rehab estimates & ARV's and in good locations. And of course have a touch of common sense...

@merhankamari thanks! Will do.

hello BP community,

I am a new investor based in Dallas. I am looking to start small and diversify when capital & confidence grows. I have done lots of reading and I am ready to take action now.

I believe wholesale/retail wholesale is the best strategy to start. I wouldn't feel comfortable with rehabbing just yet just because of the time it takes. I am not afraid to start but want to start right.

Assuming I find a motivated seller (the hard part) and want to wholesale/assign to another investor, do I need to run comps? Can anyone in DFW help me with that?

Also which paperwork do I use? I saw Chris Colvard's 'Purchase agreement' & 'Assignment form'. Can I just change his company name to mine and use that form in TX?

If I find an investor/buyer, what kind of assignment fee should I expect in today's up-trending market?

Any other help or advice?