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Flip or rent a house.

7,939 Views | 46 Replies | Last: 13 yr ago by jmazz
tamuaggie11
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If your interested in flipping a house in Houston or finding one to rent out for cash flow, I work for a company that will find you your property and walk you through the process step by step. Lots of money to be made. Respond and I will contact you.
Roger That
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If there was so much money to be made why doesn't your company do that, especially if they already specialize in finding the properties that will make the most money?
Nom de Plume
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Because it requires a lot of cash and consulting typically requires very little?
tamuaggie11
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We do indeed do that. Most people in the office have there own deals going on all the time. Check us out at
http://www.networthrealtyusa.com/office-locations/houston/
AgAttorney2010
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tamuaggie, I would like to email you to discuss further.
tamuaggie11
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Great. My email is am@networthhouston.com
AndersonMohle12
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Hey guys, I am the one who initially posted this through tamuaggie. My roommate forgot to log out on my computer and I didn't catch it at first. So this is my real username.

Thanks alot. If you have any questions, feel free to email me at am@networthhouston.com
powerbiscuit
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amazing that you didn't create your username until 5 days after the original post

and the other rook "investor" was created at about the time this thread started

who are you clownin'?

[This message has been edited by powerbiscuit (edited 3/22/2012 1:37p).]
rjamizon
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lol
piag94
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some people just can't be successful and make money without trying to f*** everyone they come in contact with. Nice knowing ya "Anderson"
AndersonMohle12
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This is my username and my actual name. You can check me out on facebook if need be. My roommate made a post on his account for me to see if anyone would be interested in what I do. When I found that people are, I made my own account.
I said what I said above because I did not want the management to think I was freeloading off another account. My friend was just helping me out.
Sorry for the confusion. And no, I am not trying to **** anyone. I have a real job and do real business. networthrealtyusa.com
powerbiscuit
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quote:
Hey guys, I am the one who initially posted this through tamuaggie. My roommate forgot to log out on my computer and I didn't catch it at first. So this is my real username.



quote:
My roommate made a post on his account for me to see if anyone would be interested in what I do. When I found that people are, I made my own account.



Why lie?
AndersonMohle12
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I did not want the management to think i was freeloading off another account and then get booted. Im new to the whole texags thing. Forgive me.
piag94
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if you're going to lie about a little thing like TexAgs, then why the f*** would ANYONE give you a nickel? You won't be in business long, my friend, if you start a potential relationship off by lying.
Miss New Jersey
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You appear to be on the up and up. Where do i send my bank account info?
Husky Boy Jr.
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Will I make enough $$$$ to be able to live in an apartment with a roommate?
AndersonMohle12
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Sorry everyone, my mistake, I am clearly a noob when it comes to forums and what matters and what not. I am new to blogging/forum type thing and I guess I freaked out, but it seems to be more lax than I thought. MY BAD.
piag94
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Anderson,
Just let this one go. No one in their right mind (even the nuts on Texags) would give you a dime.

Game over.
Husky Boy Jr.
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Your mistake was this statement:

quote:
Lots of money to be made.


clearly very misleading
jmazz
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Howdy everyone.

NetWorth Realty is a wholesale real estate brokerage. I was an investment Realtor there for 5 years before moving back to CS last summer. Give the guy a break. He isn't asking for your money. He isn't selling "how to" cd's or seminars. NetWorth Realty provides investors (flippers or landlords) with wholesale real estate opportunities. It's up to you, the investor, to pick and chose what properties interest you. There is NO fee for their service. They have offices in Houston, Dallas, San Antonio, Austin and Atlanta. And I believe Fort Worth and Galveston are in the works. And to answer the one post about "if these deals are so good why don't you just do them yourself"...

NetWorth's business model is to wholesale as-is properties (making a wholesale fee, finders fee, whatever you want to call it) and do 20-30 properties monthly...not manage 20-30 rehabs monthly...that would require a massive network and even more massive amount of money.

Some employees of NetWorth do practice what they preach purchasing flips and rentals from the company. I speak personally on this topic as I purchased 8 houses during my 5 years there. I stil own most of them too.

If you are a real estate investor in any of these cities NetWorth Realty has an office in...I would touch base with an associate in the appropriate office. It's no skin off your back.

I have wholesaled 5 properties here in Bryan/College Station using what I learned while at NetWorth Realty. If you are an investor here locally and would be interested in property leads from me...let me know. I don't do anywhere near the quantity NetWorth Realty does but a few here and there is better than nothing.

My email is jeff.mazzolini@gmail.com

And NetWorth's website is www.networthrealtyusa.com
CS78
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.


[This message has been edited by CS78 (edited 2/15/2014 10:48a).]
WestUAg
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Jmazz is legit, I have done a few deals with him when he was in Houston. I can't speak for the new guy but you definitely should do your own due diligence
The Fife
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quote:
Lots of money to be made.

If you have an agent who can get you in on the better deals when they come up...
Or if you don't mind rehabbing a place on your own...
Or if you can deal with property management on your own...

or some combination of the three.
OilAg01
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I have done 2 deals with Networth in the last month. Most of the guys over there are pretty good dudes. You have to do your own due diligence but they have given me a few good looks and some good construction guys. All the good deals require construction. Managing that cost is imperative. The more rehab,
the better the deal. Key is getting the right guy to the job and not doing more than necessary....Most people, including myself, do more than necessary. It's tough to hold back.


My first house I rented before I even bought it(no sh*t). 30% cash on cash returns. I would have done better but let rehab go above what I budgeted. I now have a really good dude, that comes cheap that is working on property #2.

I am managing both, though. My second is under construction but I should get more than 30% ( up to 45%).

Real Estate investing/management/rehab is not for everyone. It is work, so those returns aren't hassle free. I have spent the last 2 weekends running from Lowe's to Home Depot to those 2 houses. Both are under construction, but the first one will be finished this week.

That said, don't understand why guys like Piag act like little b*tches on this board. If you don't like that a guy posted something on here, move on. Why do you really cares? The kid is trying to get customers. He didn't lie to anyone. People actually have to call him, sit down with him, visit properties, etc.

Jeff-

Give me a call(PM'ed you). I am under contract on 3 properties in College Station, but will do more single family stuff (like Networth deals), if you have good deals. I have heard your name several times at Networth.


powerbiscuit
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quote:
He didn't lie to anyone.


huh?
OilAg01
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Powerbiscuit-

Give it a rest, dude. I honestly don't see why you guys even care? Did he screw you over? Did he waste your time?

Don't call him...he lost your business. No need to attack the kid, like others on here. Its not like you can just buy a deal, sight unseen on the internet. It actually takes work. You actually have to sit down with him, see properties, etc.

He isn't asking for you to send him money in the mail or anything like that. This isn't Craig's List.

powerbiscuit
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Why say he didn't lie, when he obviously did lie?

Why don't you give it a rest?
OilAg01
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PB-

I don't give it a rest, b/c I am sick of seeing posters like yourself, rip others on here for nothing. It's not necessary. Why do you care what the kid is or isn't offering or who posted what? You aren't a customer of his...you clearly won't be b/c you think he was deceiving you with his Texags username. If his username is something that concerns you, just forget about the thread.

I could care less who posted under what name...I would save my judgement until I met him or saw what he was offering. If they show me a good deal (They have shown me 2)...I don't really care about some confusion on who posted what.

These guys provide a service, that could provide good yield...If you want to look at it go ahead, if not, just move on. Buy stocks, bonds or whatever.

I just don't see why so many Texags poster complain about everything...and as a paying customer since 2002, it is tiresome.



piag94
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yeah, I am a little beatch...

$1K says peteund is apart of this little circle of lying punks.
powerbiscuit
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Lol. I would NOT take that bet.
OilAg01
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No affliation with these guys other than having bought properties from Networth. Nor have I met either guy.

No one is trying to extort you guys on Texags.
springagg
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I personally dont know him.. but I've also worked with networth. Its just like they said above, they send you possible deals for the areas you are looking for. Some you may like and others you will pass on. Its not a scam at all. No need to bash the guy for trying to find people wanting to make money in real estate.
CS78
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First off, I do think these companies provide a legitimate service for experienced investors.

However most of them have a pretty well deserved reputation for sinking newbies before they even get started. They pitch their services as if ALL of their properties are good invetsments. The fact is only a small percentage typically are and a lot of the people they are making money off of dont know what is and what isnt.

My personal opinion is its the buyers responsibility to always know what he is buying and what kind of deal he is getting. Unfortunately way too many people are susceptible to good sales tactics.
piag94
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Spring/pete,
I know you've "done" business with these guys, but if you hadn't, would you do so, knowing that this moron started off his pitch by lying?
springagg
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I don't know that he is or isn't lying.. and if he is its about a login name that was being used. Personally i wouldn't care about something that little. The point is the guy works for a very legit company. Just about every property they send out would at least make a great rental home. Flip homes are much harder... its hard to tell what exaclty a house will cost to repair and what exactly the market price will be afterwards. Other factors, such as your funding options on the deal are also going to play a role. A cash buyer can make money flipping much easier than a person usuing hard maoney for example. Also, if you are investing in real estate and are not doing your own due diligence.. not very smart on your part and you deserve to lose money.
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