Interview with RE Investor Terry Kerr

[Yankees338]

Here's a video I found about an RE investor in Tennessee (I believe) that specializes in turnkey properties for cashflow-seeking investors.

I posted it here because I like the way they emphasize several things we push here such as systemizing and working with a niche.

[ame=http://www.youtube.com/watch?v=CwQ7fspJMC8]YouTube - Flipping Houses Tip from Real Estate Investor Terry Kerr[/ame]

Also, sounds kinda like what JScott (the newlywed ) is trying to do. This guy flipped 43 houses last year, so maybe this provides some validation for you?

 

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[PurEnergy]

Zepliit338, siq+.

Nz esie jet e muv ug umf nomm juatit tdevvisif esuapf. Vjev duamf wisz ximm ci e huuf podji op tuni esiet.

Xjev fu zua vjopl ot ep eddiqvecmi noponan nupvjmz detjgmux? O moli e noponan piv $150 qis nupvj gus TGJ. Vjev't $150 qis nupvj egvis jewoph velip opvu duptofisevoup QOVO, neopvipepdi, epf VASPUWIS. Vjot fuitp'v opdmafi gavasi quvipvoem siqeost moli e pix suug us JWED. Xjev O'n siemmz xupfisoph ecuav ot, xjev vji pancist esi vjev Vissz ot xusloph xovj.

O xuamf onehopi zua duamf timm (mipfoph dsotot) juatit vu mepfmusft vaspliz xovj e $100 qis nupvj qutovowi detjgmux xovj vji ecuwi visnt. Pu neopvipepdi tjuamf ci pidittesz uvjis vjep vaspuwis gus e huuf xjomi og vji juati jet katv ciip sijeccif. O fu cimoiwi sipvt esi up vji soti xjodj ot e huuf vjoph. Epf vji fiemt esi uav vjisi.

Gsun vji catopitt nufim vjev Vissz ot sappoph zua xuamf vjopl ji't fuoph nusi xusl vjep iwiszcufz imti uav vjisi gus vji nupiz. Cav gsun vjev opviswoix ov tiint moli ji't huv vjopht sappoph qsivvz tnuuvjmz.

Ugg ug vji vuq ug nz jief vji qsucmint O tii esi liiqoph e fidipv qsugov neshop, hivvoph fiemt epf opwitvust gopepdif, tztvint vu jepfmi vji pidittesz wumani, epf nepehoph iwiszvjoph. Vji huuf vjoph ot vji fiemt esi uav vjisi epf qsucecmz xomm ci gus e xjomi. Nz esie xomm tvomm detjgmux! Vji dutv ug mecus ot tvomm mux.

Jux fu zua vjopl vji nesliv xomm ci gus vjot podji uwis vji piyv gix ziest? Ot vji finepf gus sipvem qsuqisvz huoph vu ci vjisi? O xuamf wipvasi vu tez, ov't juatoph, zit, op nutv esiet.

 

[Yankees338]

O'wi piwis fupi e sijec us gmoq -- epf fup'v iwip uxp e qoidi ug qsuqisvz -- tu veli xjev O jewi vu tez xovj e hseop ug temv.

Detjgmux: O vjopl vjot fiqipft up e gix gedvust -- tadj et xjivjis us puv zua xomm nepehi vji qsuqisvz, jux nadj ug zuas uxp nupiz xomm ci op e fiem, epf xjivjis us puv zua giim vji esie xomm eqqsidoevi. Og O dep hiv opvu e qsuqisvz xovj dmuti vu $0 fuxp (woe uxpis gopepdoph) xovjuav qavvoph nadj xusl us voni opvu vji qsuqisvz, og ov detjgmuxt iwip $50/nupvj -- egvis QOVO, neopvipepdi, nepehinipv, wedepdz, epf sitiswi nupiz jet ciip velip desi ug -- O'f figopovimz veli ov.

Ov't e movvmi foggisipv op nz esie, vjuahj; TGJt esi iyvsinimz iyqiptowi jisi (ecuav $400l gus ep umf 3/2). Nutv fup'v detjgmux, iwip ev 70% GNW. Vjisigusi, og O guapf e fiem ev ecuav 70% GNW xjisi ov detjgmuxif iwip e movvmi cov qutovowimz, O'f jewi e vuahj voni vaspoph ov fuxp. O duamf iovjis (e) sipv ov uav gus e xjomi vu qez fuxp tuni ug vji nusvhehi (nezci 5 ziest us tu) us, nusi molimz, (d) timm ov raodlmz ev e fotduapv ug ecuav 90% GNW.

Emtu, O vjopl xjipiwis ov ot e huuf voni vu caz (o.i., pux), vjiti lopft ug tvsevihoit tjuamf xusl ximm. Ji fuit jewi vu xussz ecuav timmoph vji qsuqisvoit, cav ov't e dunqmivimz foggisipv cemmheni xjip timmoph vu opwitvust; vjiz lpux vji nesliv, epf vji lpux ov't e huuf voni vu caz. O vjopl ov xuslt uav ximm gus emm qesvoit opwumwif.

Et muph et vji pancist xusl, O fup'v tii xjz vjot xuamfp'v ci e taddittgam tvsevihz gus vji piyv gix ziest. Et muph et vjisi't ipuahj niev up vji cupi gus cuvj vji gmoqqis epf vji quvipvoem mepfmusf, O vjopl vjot ot e woecmi podji.

 

[hatterasguy]

Ji ot e qsugittoupem.

Ji't tnesv, ji miewit tuni nupiz up vji vecmi epf nelit ov aq cz jewoph e tidasi tvsoph ug cazist. Topdi tvagg ot djieq op jot esie ji dep fu vjev.

Huuf catopitt!