Take a peak behind the curtain – check out the Negotiating with Sellers Product!
I wanted to put together a little something about the Negotiating with Sellers Product. I know it was a long time coming – remember, it took us a while to collect all the calls, filter the calls, and put together the medium to deliver the product. Regardless, we put a together a product we are proud of and we hope you’ll check it out. Now, there is no product like this on the market. Why? Because most Guru’s don’t have a real business to post up as the backbone of their product development. We do. Everything we say, do, make, or build, is inspired and created because we are working the REI business day-in and day-out. But, this product is especially unique because we are really pulling back the curtain on this one and letting you hear how we handle with Seller Leads and you get to hear how we put deals together. Understand that is has been years and years of trial and error, and it has been years and years of Chris (my office manager/in-house Realtor) and I talking about how to make these deals work. Really, we’ve got a trunk load of secrets to help us close on deals and make sure your sellers take your price. So, if you are curious what strategies we use to run a multi-million dollar REI business in the Portland, OR Market, this product pulls back the curtain and gives you our secret sauce to...
Real Dealz 69: DFA Interview w/Nathan Poteet of DFW
http://traffic.libsyn.com/realdealzpodcast/Ep_69_Final_MP3.mp3Podcast: Play in new window | DownloadIn Episode 69, Tucker shares his thoughts for the week about our market as well as his comments on this weeks topic and how it all relates to succeeding as a real estate investor. He then speaks briefly about our sponsor, Iron Bridge Lending, who’s the best hard-money lender he’s ever worked with. Tucker then goes into the conversation with Nathan Poteet of the Dallas Fort Worth area. They discuss the frustrations and struggles Nathan faced and how he stuck it out and is now seeing tremendous success in his house flipping business. Tucker then ends the episode with his final thoughts and a great success quote. We hope you enjoy this weeks podcast, please leave us feedback and reviews! Episode 69 Segment Notes: Intro/Summary Special Sponsor Segment: Iron Bridge Lending Main Topic: Nathan Poteet Interview Success Quote: Thomas Edison Transition Music: Various Instrumentals Ending Music: Pharcyde – Runnin Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: Iron Bridge Lending Negotiating With Sellers The Deal Finders Academy Real Dealz Podcast on iTunes Real Dealz Podcast iTunes App The Dirty Truth: Real Stories From The Real Estate Trenches Real Estate Investing Secrets By Tucker Merrihew: Volume 1 Real Estate Investing Secrets By Tucker Merrihew: Volume 2 Real Estate Investing Secrets By Tucker Merrihew: Volume 3 Contact Email: Tucker@TheRealDealzPodcast.com Info@TheRealDealzPodcast.com Thank you for listening to our Podcast and please give us a review on iTunes and feel free to leave a comment below. Additionally, if you have any questions or would like Tucker to cover a specific Topic, please let us know and we can cover it in a future episode! Thanks...
Buyer Beware! The Nightmare of the HOA!
Let me tell you a story… It is one I’ve been venting for a few months now, and it has to do with a renovation in Lake Oswego. It is a renovation we are nearly finished with. The home was a shit-shack, yes. But once we’re finished, no longer! And, it’ll better the neighborhood! But, once again, the HOA has turned into a huge nightmare… Initially, the HOA was there to help manage the common area and make sure Uncle Eddie didn’t move in and put up blue tarps everywhere. But, over time, they’ve come to consume the entire damn neighborhood. They’re power hungry – everyone can see it. So, here is how the power of the HOA Board first imposed their will… I put up a “No Trespassing” sign on the property. This is standard for us. We put up a sign as the first barrier to protection from litigation and frivolous lawsuits. Well, the HOA Board had a fit and I had to go down to one of their meetings and negotiate my way down to posting a sign on the trash can. Fine, I thought. I’ll make it work. But, the next day I notice the neighbor has a “Beware of Dogs!” sign on his garage. It was dirty and cracked, and was visibly aged. Then, I had to submit a change form for the siding. Then the roof. And then for the landscaping. All-in-all, I’m not sure how many change forms I’ve had to submit. 8? 10? 12? Sorry for the rant, but here is the nugget: Beware of the HOA. I’ve said this before and I’ll say it again. Read their legal docs, find out how they operate and tread lightly. Just remember: profit had better beat the hassle of the...
Real Dealz 68: Rehab Project Wrap-up!
In Episode 68, Tucker takes you back to our major rehab project in Lake Oswego. The finished product will be going on the market in a week and has been completely transformed compared to how it looked when we started. If you don’t remember how it looked when we acquired it, go back and watch Episode 49. We have gone a little over budget on this one, but know the hot market will compensate for it. We really like the way this home turned out and can’t wait to get it sold to a new buyer! We hope you enjoy this episode and please leave us feedback and reviews! Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: Iron Bridge Lending Negotiating With Sellers The Deal Finders Academy Real Dealz Podcast on iTunes Real Dealz Podcast iTunes App The Dirty Truth: Real Stories From The Real Estate Trenches Real Estate Investing Secrets By Tucker Merrihew: Volume 1 Real Estate Investing Secrets By Tucker Merrihew: Volume 2 Real Estate Investing Secrets By Tucker Merrihew: Volume 3 Contact Email: Tucker@TheRealDealzPodcast.com Info@TheRealDealzPodcast.com Thank you for listening to our Podcast and please give us a review on iTunes and feel free to leave a comment below. Additionally, if you have any questions or would like Tucker to cover a specific Topic, please let us know and we can cover it in a future episode! Thanks...
Historical Neighborhoods! Beware!
Let me first say, I’m a fan of historical neighborhoods, and I’m a fan of preserving these special homes. But, in order to preserve them, renovators need to be able to make these homes inhabitable. I know every city has Historic Neighborhoods, and let me say that it is a bigger hassle then it is worth. Last year, we completed a rehab and it was a challenge. So, the first nugget I want to drop is this: know where your projects are located. If they are located in a Historical Neighborhood, I would be very wary. Because the requirements for a renovation are ridiculous, time consuming and full of bullshit. The Historical overlays will almost always take precedence over any reasonable renovations to bring the house up to code. So, let me drop nugget #2: since there is so much hassle and red tape, every other house in a Historical Neighborhood is going to be a POS. This is because homeowners won’t even be allowed to make renovations, or they don’t want to bother with the permits. Don’t be fooled by this! It’s more a hindrance than anything. So, just for example, I tried to renovate a home in a Historical Neighborhood. What should have taken 60 to 90 days, took seven months! Why? Why would a quick update and rehab take so long? The originals owners didn’t want to deal with the city, so they just put in aluminum windows. As we were trying to change the windows, and follow city code, the neighbors had a fit and we had to wait for 3 months while the city approved our replacements. Besides this, there is an entire process that requires the entire neighborhood to give approval, or to complain, and you have to listen to it all. So, here is the moral: avoid Historical Neighborhoods if you...
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