Just a little report on the software.

 

The bird dog software is just about ready to go. It is very slick and the improvements we have made are working nicely.  Along with the release of the bird dog software is a new look for the core software, and automatic comps retrieval which is very sweet.

 

The repairs database has proven to be very useful and we are very excited about both release and being able to bring you quality products that add to your bottom line.

 

 

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We finally received our new helpdesk software and we are very happy. It has all the service level and escalation features we need to ensure our customers are getting what they need in a timely fashion. It also has a knowledge base, forums and a downloads area. Eventually, we will need to move this to support.instantreiprofits.com so that we can enforce its use to customers only, but we have been through a lot of changes as of late, so I think it'll do for now.

 

Please let us know if you experience any problems with it or participating in any site activities.

 

Much success to you,

Chris 

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We had a fairly decent helpdesk setup, but it did not have the live chat, SLA and reporting features we felt we needed to really service our customers and track issues, so we upgraded. However, it took us a week to get our Enterprise helpdesk software and the company was hard to reach and it just did not seem we were getting the level of service we should for the product, so we are on the hunt for a new one.

 

Added dicussion board. If we get more users, I will move to forums. 

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Real Estate Investment Trusts

Real estate investment trusts, known as REITs, are entities that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate. There are basically three types of REITS:

 




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I know this is a hot topic for a lot of people starting out, or wanting to get credit to extend their ability to purchase, so I will just share briefly what we did.

I went to a local bank. It should be noted it was a local bank as they are easier to work with. I did this right after my first flip and I brought a small business plan, including details of my first flip. It was only like 5 or 6 pages so it could be read quickly and one of the pages was projections and graphs, and there were a couple pics of my first flip so not really even 5 or 6.

 

If you are interested in it, I might even be able to find it. Drop me a line.

I explained all the mechanics like I had done it many times before. I also hinted that the way things had been going I might never even need the money, or would only need it short term because of how I was buying and able to sell before I actually bought. I also mentioned that if I did keep a property, I would use their residential mortgage department to roll the property into a mortgage and payoff the credit line.

I was asked how many houses I had and how long I had been doing it to which I basically responded that we had just moved here, which was true, and were getting used to the market, but that I had dabbled, however, as my business plan reflected I wanted to buy a lot more, I would be buying at better then 80% and that it would be very low risk as I had outlined.

I worked with them and to start, I had to open the line with a house purchase and get an appraisal per house and buy at better then 80%. At some point I think I will just be able to do what I want with it as I continue to payoff the line each time and show there is no risk. I don;t know, but the way it works now sems fine.

Purchase the house your credit line, or however you can, then roll it into a mortgage. If you buy right, a mortgage should be no problem after purchase because of the 20% or more equity you have in the house.



Chris

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