Joey Poltor

Charleston Real Estate Im Pretty sure we can use this pic if the watermark is still on it

What is the difference between a 110 and 220 electric socket? Well, 220 hurts much more. what is the importance of the p trap on all of your drains? Without a p-trap toxic gases can come back up through your pipes and hurt people. These are just a few of the many things I have learned over the years of renovating my own properties.

Working with the permit office and zoning boards is definitely an art to master. We tried to get one property rezoned for 6 months before we finally got it to closing. Pretty lengthy transaction, wasnt it?

In this business, you have to learn as you go. There is nothing that a book is going to show you over experience. For one thing that book wasnt written by people that live in your city and city ordinances change.

Another thing is that I can rent a 50' electric snake for $30 bucks for a day or I can pay a plumber $300 to snake out a drain. What do you think is the most financially feasible. Now I expect that as the years pass I will be able to pay for these services as my time becomes more valuable but until then I will fix a lot of things myself. For those of you that are new to real estate or moderately experienced as I am, keeping costs down is a huge factor in your portfolio. We can not afford to pay a plumber to fix a leaky faucet because that will cost a good portion of the rent that is needed. Are you with me?

Get out and do it yourself. Ideally, you get to know a plumber, a contractor, an electrician, and a couple more labor workers. If you dont though, do what I do and check out youtube on how to fix things. If you do have an electrician buddy, then call him when you are stuck. Definitely, buy a power stick. I am not sure of the actual name but one of those pens that tell you if there is power going to the line. After probably two years of getting shocked all of the time, I was smart enough to spend the $7 that seemed so senseless before. That was a well spent $7

Check out our business site at www.CharlestonRealEstateInvesting.com

Our real blog is www.investingrocks.com

Attention: Charleston Real Estate Investors

I was just wanting to give you my thoughts on how we operate. I was writing this to talk with some prospective members as we begin to grow. It is a compilation of what I have learned to be some of the best attributes as well as some of the things that I want in people. Being a part of our team is far beyond a job or working for someone. Here are some of the things that I wrote down

Start off by saying that the prospect is probably not a match for our team. We need to say this because we are in need of certain types of people. Most people wont fit into our team and there should be no hard feelings from the beginning.

This is not a job, it is a lifestyle. Now I dont expect people to do this at the level that my wife and I do because sometimes we go a bit too far. I do expect members to enjoy what they do and want to do whatever their role is.

Everyone wins, we never take advantage of sellers - Simple as that, we dont work a situation that is not a win-win. We dont need the negative brand and we dont need the bad karma. Obviously, everyone can't benefit at the same level but everyone will benefit when working with us or we will not work the project. Everyone will also be in agreement that they are benefitting.

We think and act, out of the box. We are innovative because we are free to try different things and try to stay away from the status quo.

Take great pride in this brotherhood. Being a member is a great honor as well as responsibility. This is a brotherhood of people that care and that will care about you.

Business isnt about money, it is about helping. We believe that money comes and helping is the true benefit. We dont lower any prices or anything like that and we have continuously made plenty of money in real estate. As long as you help, you will receive what you deserve.

We always carry the attitude that we are the best at what we do. We may not know everything but we know someone who knows that so we can proudly believe and proclaim that we are the best at what we do.

No negativity at all. We believe that the thoughts that you originate actually dictate your life. This is true per the reticular activating system of the brain. It is basic psychology.

Pride, determination, ambition, loyalty, confidence, among other honorable attributes unparalleled by others. These are standards that we have of our members.

We continuously strive for personal growth, we are always learning and expanding our horizons.

We enjoy the challenges of life as well as the victories. The challenges in life are what make us grow. We are then stronger and wiser and we look forward to these times.

We are all accountable for our actions. Regardless who tells you to do something or not to do something. You are accountable for your actions.

We follow intuition undoubtedly. We believe in those "just a hunch" moments and try to live them.

then I get into

What we do

How we do it

How to negotiate

Those will have to be in later blogs

Check out www.investingrocks.com and www.charlestonrealestateinvesting.com for my blog and business site for more great information

Attention Charleston Real Estate - here is an ad I just posted on Craigslist

Needed, check out our website at www.CharlestonRealEstateInvesting.com . and our blog at www.InvestingRocks.com

What we are looking for is someone who will comb trailer parks and low income areas for possible investment properties. You will talk to people, get to know everyone and make new 10 second friends daily. Ideally, this is a good position for a part time Realtor to make up the extra income of the down market. I am turning our investment company into a brokerage and I can probably offer you better splits as well.

I will pay you $300 for every mobile home you find and negotiate, that we buy. Obviously, if we dont buy it, it doesnt count. It does count if I get someone else to buy it. We are also looking to grow our rental portfolio so I will pay a 2% commission to you if you find multifamily properties off of the mls that are a good deal or 50% of whatever I profit from a wholesale. You will also be paid $10 per hour for laborer work while fixing up properties. You will try to find renters for our properties as well as for our affiliated investors. You will be an independent contractor so you must pay your own taxes, the benefit is that I dont take any.

Check out our website to see more about us.

Ideally, you will find one trailer per week - $1200, work 10 days per month laboring -$800, find renters for 3 rentals - $300-$600, one wholesale per month - $2000-$13000 and one multifamily per quarter - $1500-?. At the numbers that we have set as goals you can consistently make $5300 per month. We have the ability to produce just not the manpower. You must want to do this on your own with minimal guidance. We dont have the time to hold hands. All this in addition to your increased commission splits by working with us. What do you think?

Best part you are dealing with an actual person and small company so everything is negotiable. Obviously, you need to have growing our company right after your immediate needs of family, etc.

Please reply with a resume. No resume, dont waste your time - we are professionals. jpoltor@bsohome.com

• Location: Charleston
• Compensation: $300/ per mobile bought, $10/ hour while fixing up, 10% of renters downpayment, %50 of wholesale, higher commission splits

Alright Charleston Real Estate Investors

So I got a call this morning from a guy that wanted to rent an apartment from me, actually I got a call from two people who wanted to rent from me. One person had a solid job and wanted to rent the property that I had helped the tenant get her lights back on. I hope that was a smart decision. I really believe it was what the universe wanted me to do.

Since you dont know the situation, I had a tenant that was behind on her rent because she is in real estate and well lets face it, it is slow right now. She spent all of her money catching her rent up with me. I accepted it and went on my way. I then called to get my name added to the electric bill so that my daughter could go to a better school district. I found that the power was off. This woman paid me every last cent she had to catch up on her late bills that she had her power turned off. I then decided to loan her the money to get her power back on. We will see how it goes from there. Especially since I had a woman talk to me today that wanted to rent it.

Back to the subject though, I love going off on tangents, dont I? I showed the other apartment today and the people were kind of interested. I walked upstairs and one of the best tenants, guys that have been there for years wanted to rent that apartment out. While I was speaking with them, two of my most hated tenants walked down the road. These people were disgusting, left food everywhere, infested my building with roaches, they were the bottom of bottoms.

I rented the apartment to the good people upstairs. It was brothers renting together and one of the brothers wanted to move downstairs. I was wondering if seeing those bad tenants was the universe telling me that I had finally filled the apartments with all good people and that I had done a good job and a good deed with the renovation and ownership of those apartments.

Tell me what you think.

For more blogs from me and awesome blogs from my wife, check out

www.investingrocks.com

Wow! So how can I start this one, it is definitely difficult to talk about but here goes. This is for you Charleston Real Estate Investors, we have tried time and time again to make this work and have failed time and time again. We are trying again as this business is growing much too large to be run just by husband and wife. My wife, Audrey and I, have been running BSO for the past couple of years and we have undergone quite a few changes. Not only in our business but in the type of people that we have become.

About to have a baby and already with a four year old we have asked my unemployed Dad to come down to act as a buyer for us. My Dad worked with me when I first opened the business during the time I like to call overleveraging and living a lie. You see when I started I didnt know real estate investment from a hole in the wall even though I thought I did. I had been a Realtor for a couple of years and thought it was just like HGTV. After all, that "flip that house" started in Charleston, right? Well, I was completely mistaken and lost a good bit of money. He then left and it was down to my uncle and me. After a while I had to tell my uncle to find another job because I couldnt pay his wages let alone pay my own. Good thing the military was still backing me up.

We had hired full time crews to labor for us and I was living large. I was the boss, well that was a short lived dream. After a while I was max leveraged with a "strong" portfolio and was a "Paper Millionaire". That is the worst thing you can be. The market turned and a lot of that leverage has bitten me in the butt. Only our apartment complex is doing us a great deal of return and that is because we completely renovated it ourselves.

This article isnt so much about what we have done as it is working with other people. A wise investor that I know (woodruffinvesting.com) told me that on your team you want to be the weakest link but you still want to lead. You want everyone to be better than you at their trade. I like to be the Jack and work with the Kings. When working with these people it is important to stroke egos a little bit, but always be in command. Give people an inch and they will take a mile. I now have a strong team filled with people that I can count on. My wife organizes, an attorney who I can ask legal advice, construction experts, other more experienced Realtors and investors.

The problem that I run into is when I try to help out a friend or family. After all, you have to have some infantry, right? I believe that I can do something, so should anyone else be able to, right? Not quite, I have found that people with the employee mindset think completely different. To remedy the situation

Check out my blog at www.investingrocks.com