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Author Topic: Is patching drywall really worth this much?  (Read 10221 times)

Offline Redstar1324

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Is patching drywall really worth this much?
« on: September 01, 2016, 04:05:36 pm »
I saw a few potential rehab houses today. Most of them needed only simple repairs. Some patched drywall, a fan here and there, some baseboards. Nothing major. No new a/c, no new roofs.

Is that really all there is to it? I was expecting to have to do much more. Even most of the cabinets were in good condition.

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #1 on: September 01, 2016, 04:38:34 pm »
You don't have bandit signs down yet.   Luke's flipped a half-dozen deals from his bandit signs, while you're farting around looking at rehab projects with agents ...off the MLS no less.

Until you've got bandit signs down, you're not ready to learn how to rehab houses.  What professional rehabber do you know that scours the MLS for rehab projects?  You don't have any idea what you're talking about, much less why the MLS is not where you find real deals.

Just find the fixers and flip them to rehabbers using bandit signs.  Leave the shiny object polishing to those who've already moved up the food chain using bandit signs successfully; understand how to bid repairs; assess value; and know why the MLS is reserved for amateurs and dreamers.
« Last Edit: September 05, 2016, 11:34:01 pm by javipa »
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Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #2 on: September 01, 2016, 04:44:36 pm »
And the answer to your headline question is "No." 
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #3 on: September 01, 2016, 06:20:41 pm »
And the answer to your headline question is "No." 

So then how are the profits going to be made by the people that are just about to rehab those properties?

All there is to do is that drywall stuff.

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #4 on: September 01, 2016, 08:36:36 pm »
There are no profits to be made.  These are not houses anyone buys to flip.  Keep and rent?  Possibly.  You've already pointed out how uninterested you are in being a landlord.
« Last Edit: September 05, 2016, 11:35:11 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #5 on: September 02, 2016, 10:02:59 am »
So, in your opinion, for a house to be potentially profitable as a rehab...

What must be wrong with it? Must it need a new roof? Total demo?

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #6 on: September 02, 2016, 10:20:22 am »
Really?  You're asking these kinds of questions AFTER all we've talked about for a YEAR!!!!!!  And before you've got your bandit sign act together?

Go back and read the posts about evaluating a deal, and establishing your maximum allowable offer.  Once you've done that, and actually have some calls on bandit signs, then we can talk about your calls from bandit signs and figure out what to offer.  Otherwise, short of your actual, successful bandit sign marketing being launched and maintained, this is just so much mental masturbation.
« Last Edit: September 05, 2016, 11:31:11 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #7 on: September 02, 2016, 05:38:48 pm »
I'm not convinced that bandit signs are the only way to do things.

If I'm rehabbing, I could even use Craigslist to find what wholesalers are putting on there.

I'll do the bandit signs, too. I'll order the normal ones instead of my personal artwork.

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #8 on: September 02, 2016, 05:57:40 pm »
Nobody said Bandit signs were the ONLY way to do things.  It's just that you won't do what works ...at all.

In fact, you'll do anything, but what's been suggested.  Worse, you argue with those who are having real-time success at what they're suggesting.

I mean if anyone suggested the best way to drink water, was to open your mouth, put a glass to your lips, and swallow, you would insist that's not the only way to drink water.

Sure.  You could suck water in through your sinuses using a Neti pot, too, and clear out your nasal passages at the same time.  Why not?

Meantime, I prefer to drink water out of a glass, thank you, and just blow my nose on occasion using a Kleenex.  And not swallow my boogers.
« Last Edit: September 05, 2016, 11:30:35 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #9 on: September 03, 2016, 12:29:55 am »
I have new bandit signs coming in the mail. My first attempt got taken down.

If I'm putting these 9' in the air so that they can't be taken down easily, do I HAVE to put them up on Friday and take them down Monday? Couldn't I just leave them up permanently?

I have so many things going on, I don't have time for that.

What is the website you know of with the cheapest bandit signs?
« Last Edit: September 03, 2016, 12:59:26 am by Redstar1324 »

Offline hgronwald

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Re: Is patching drywall really worth this much?
« Reply #10 on: September 03, 2016, 01:04:35 am »
I have found that some locations with take down your signs right away so I actually make a map of every location and will periodically take them down and move somewhere else. If i find an area where they get ripped down all the time I dont tend to go back. I do however use different phone numbers for different areas so I can keep track of where calls are coming from. I think I have like 10 numbers or something like that. Best of luck on the signs.. i googled cheap bandit signs and found several cheap companies.
Harvey Gronwald
Co-Founder - Must Sell My House Fast
www.mustsellmyhousefast.com

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #11 on: September 03, 2016, 01:20:57 am »
Don't confuse the two different posting strategies.  Long term vs. weekend.

I'm talking about weekend, Friday-to-Monday, Bandit sign placements.  Any other sign placement is up to whatever you can get away with doing.  Meantime, the sign Nazis don't work weekends.  That's what you're taking advantage of.

Either you make time for weekend placements, or you pay someone for their time.  And for long-term placement, you make them inconvenient to remove.  However, that's not your primary bandit sign strategy.  You want a LOT of people to see a LOT of your signs at a LOT of stop signs and signals ...on the weekends.  The rest just backs up your weekend advertising.
« Last Edit: September 05, 2016, 11:28:23 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #12 on: September 03, 2016, 05:42:48 pm »
In other words, I have to spend my Friday nights climbing on a stepladder to put signs on posts.

Then, wake up Monday morning to take them down.

That doesn't sound fun.

I've called a few people with signs. I asked one to send me their listings. They sent nothing. The other one sounded so surprised that someone called him that it might as well have been his birthday.

Offline javipa

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Re: Is patching drywall really worth this much?
« Reply #13 on: September 03, 2016, 06:00:14 pm »
I've never said this to anyone else, but evidently real estate investing isn't for you.  Pounding Bandit signs in the ground at intersections is just too complicated (and exhausting) for you.

Don't lose hope.  A guy with Downs Syndrome just retired from working the line at McDonald's for 32 years.  If he can do it, so can you.  You basically have to learn to smile and ask, "Want fries with that?" and you're done.   Go for it!  I'm pulling for you.

I'm out.
« Last Edit: September 05, 2016, 11:27:19 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Redstar1324

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Re: Is patching drywall really worth this much?
« Reply #14 on: September 03, 2016, 09:32:01 pm »
You can find deals on the MLS, otherwise people wouldn't be snatching them up within 5 days of when they're listed. I don't want to spend my Friday night in the ghetto with bandit signs. That's not much of a life.

I have about 1,000,000 other things going on. It's really a matter of what I have time to do.

Maybe I'll get on those bandit signs some time in the future, but for now, that's not what I want to do.

I got zero results the first time, just like I got zero results with all the Craigslist ads that I continue to post. Not a single call from over 100 ads.

Pretty sure I have a job as a property manager.
« Last Edit: September 03, 2016, 09:43:15 pm by Redstar1324 »

 




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