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The REI Partner Podcast: Real Estate Investing For The Average Person


Jerred holds down a 9-5 during the week and spends his weekends buying properties in Austin, DFW and Houston.  When he's not buying houses then he spends his time helping others achieve their real estate goals.

You can connect with Jerred Facebook.com/reipartnerpodcast or Jerred Buys Dallas Houses

Apr 2, 2017

Q1 Update

 

I drive the majority of my motivated seller leads from online marketing and Q1 was a great quarter.

 

#1 Deal

Leander house – I love doing these types of deals. I bought a perfect house in a great neighborhood. Then I setup a lease back scenario with the sellers for at least 6 months.

 

I’ll look to exit this property in late 2017 or early 2018.

 

Austin Leads – In Q1, 2017 I generated 28 qualified leads via contact request form. My phone rang an additional 17 times over the quarter.

 

Million dollar leads – 2 homes and made 2 offers at roughly 50% of value

 

Austin Mobile home leads – For some reason Q1 was great for mobile homes. I believe we are starting to see contraction in the Austin job market and these individuals are leaving the city to find temp work in a different area.

 

Austin Vacant Land leads – 3 people called me to receive an offer on their land. Most of these sellers are in bad financial positions with an asset that doesn’t produce.

 

On top of not producing, property tax in Texas is brutal. For that reason I typically offer very little money for land.

 

Dallas Leads – My website generated 13 leads via the contact request form and my phone rang a couple of times.

 

We’re currently working a 3 home package, which should net us a nice pay out. I’ll provide an update in Q2 if this deal gets done.

 

Houston Leads – My website generated 3 leads. I’ve been having a difficult time with generating online leads in Houston. So, I came up with a new plan of attach and I’ve launched a new site.

 

Atlanta Leads – No leads in Q1. This site is relatively new and I’m working on ranking it.

 

Q1 2017 is in the books and Q2 is starting out pretty strong as well. If you need help generating leads or negotiating deals then reach out.

 

You can find me @ REI Partner Podcast on Facebook.