Scott E.
I want to make sure I completely understand this 50% rule..
12 May 2011 | 22 replies
:mrgreen: The Case-Shiller graph from 1890 to present is indeed an interesting and comprehensive overview of the nation's real estate market, but it's still flawed for two fundamental reasons:1.
Peter Haymond
How can you increase lead capture rate with a full time job?
24 May 2011 | 4 replies
I understand after your phone system you can: a. answer calls live (not an option for me until after work) b. use a virtual assistant to answer your calls livec. use a live answering service, like PAT lived. use an answering machine e. use an internet call capture service Whatever the system is that works the best, it has to fit in my business model to create repeatable profits.
Scotty Hamill
Seller won't let me look inside because its tenant occupied
12 May 2011 | 9 replies
She want's a buyer, not an agent.Just move along to the next deal.I don't fundamentally dislike wholesalers.
William Ware
How to get a Quick Credit Score Increase
23 May 2011 | 13 replies
You lose your job, get in an accident, whatever your looking up bankruptcy attorney's.Even the local mouse house doing an E loan, yes there are A.B,C,D loans but the E loan is a they will probably default and we will need to foreclose so we must make sure there is a ton of E-quity, and as much other collateral as we can get loan, e.g. a blanket mortgage covering the main purpose of the loan plus your other properties, etc.So making some money wholesaling, etc. and putting your financial house in order should be your prime goal.
Greg P.
How to save on Materials?
26 April 2013 | 32 replies
E-mail me and I can forward a link on buying coupons for 10% off.
Matthew Hammond
Financing for Recently Rehabbed Commercial Properties?
18 May 2011 | 7 replies
If you know of any lenders who would potentially fund this, please shoot me a PM or e-mail.
Mitch Kronowit
Funny real estate definitions
2 June 2011 | 12 replies
:D Real Estate Investor - Any of several unemployed individuals who spend the majority of their day painting and cleaning properties, staring at their computer monitors looking for deals, or talking on the phone to countless agents, contractors, lenders, etc. all for the express purpose of avoiding a "real" job.Tenant - A sub-group of life form that neither understands the basic fundamentals of cleanliness or operating a simple traditional stove top without causing over $500 worth of damage.Landlord - A multi-millionaire dollar narcissist who owns a phone that apparently never rings, an e-mail account that never receives, or a mailing address the post office never delivers to.Buy & Hold Investor (cash-flow) - A landlord who realizes after acquiring, rehabbing, and leasing several dozen properties, that he still doesn't have enough income to get off food stamps.Buy & Hold Investor (appreciation) - A speculator who holds onto his properties for several decades with the ultimate goal of making his great-grandchildren very wealthy.Note - Various discrete elements that make up music.Points - The sharp end of a nail or screw.Hard Money Lender - See "Loan Shark".Paint - An opaque viscous substance that exhibits the following properties, 1) costs far more than one would expect, 2) never looks the same on your wall as it did in the store, 3) covers half the area stated on the can, and 4) will only clean up with "soap and water" provided you add bleach, acetone, and sandpaper.Wholesaler - A mysterious sort of creature that makes large expensive purchases despite having no money whatsoever.Flipper - An overly dedicated individual who spends 2 to 3 months renovating property for a profit only to find they averaged $1.25 per hour.Motivated Seller - A rare and endangered species that has been hunted to near extinction by various investors, wholesalers, flippers, etc.Lender - An institution possessing a large quantity of capital not available to the public as there is more profit to be made in bank fees than mortgage interest.Asset Manager - An agent of the bank that couldn't tell the difference between a house and a shoe box.Foreclosure - The process a bank uses to seize a property from a homeowner and sell it for a loss rather than modify the loan and make a profit.Multiple Listing Service (MLS) - A large compilation of homes no longer available.Realtor - A member of an organization of real estate professionals open to several people who don't know anything about real estate.Bird-Dog - A motivated go-getter that performs 90% of a Realtor's services for 10% of the cost.Fixer-Upper - A term used to describe a house that only needs new paint, new carpet, a kitchen remodel, re-piping, re-wiring, several major structural repairs, and a foundation which requires a team of seismic engineers to fix.Turn-Key - A term that describes a "fixer-upper" (see above) that has been completely repaired and is available to an out-of-town investor for 20% above prevailing market rates.Contractor - A member of a special fraternity that shows up at your property to collect a check and at no other time.Appraiser - A professionally licensed individual with a tape measure, clip board, and camera who spends hours compiling a 30 page report telling you something you already know.Home Inspector - A guy with a ladder and flashlight who charges you $250 to inform you that you really need to speak to a licensed contractor (see above).Plumber - Somebody who gave up their medical practice in order to triple their earnings.Real Estate Guru - Somebody who gave up their plumbing business to triple their earnings.Bootcamp - A place would-be real estate investors go to part with the cash they could otherwise be using to purchase real estate.
Ryan L.
Do you guys use BP Smart Move for tenant screening?
1 July 2016 | 37 replies
My applicant didn't get her e mail from mysmartmove.com and I didn't get my copy either.