Would you work with this investor?

Question

I find it hilarious with the requirements some investors think they can demand, sorry meant to say ask for in todays market

Random guy found me on Zillow and I'm sure he sent this to a bunch of local Realtors.

This guy definitely fits into my four types of investors in the market place. IF you in the Cleveland, OH market and want a lead I'm happy to pass on their details as a referral

Jad Boudiab · Answer

So, which bucket of your four types of investors do you see this fall under? Seems like a legit Grower or Realist.

Victor Vella · Answer

Interesting profile of investors we sure are interesting...I hope I’m not a vampire! 😂.... most of my showings are done in daylight

You mention time investment (and knowledge) being the most valuable asset and I couldn’t agree more.

A true investor should appreciate the best return on time will likely lead to the most profitable outcomes.  That being said going back to vampires - a true investor should prioritize opportunity. The issue is once we commit in real estate - our time and capital is locked into that property for potentially a long time. So you better be sure you have the best opportunity in the current market while being prepared for the next opportunity that pops up.

You have to balance capital deployment with opportunity vs opportunity cost. Just another perspective on why vampires might look for Acq price/ARV of 55% or less 😁 I’m high demand communities.

We’ve done 6 in Lakewood in past year and 4/6 were at this threshold the others were decent discounts but rental ready on day 1. But the ability to move fast is hyper critical. IMO there are a lot of “investors” that over analyze. And over analysis paralysis never created any profit. ( though maybe protected it from a loss - however those are some of the best learning experiences)

I like my formula but always open to conversations and ways to evolve it. I’m not married to my ideas but to what works 😁

My formula is more philosophical

Relationships with local market realtors. Speed. Cash. Ask. Ask again. Raise the bid. Lower the bid. Walk from deals. Ask again.

Activity breeds activity.

Marko Zlatic · Answer

How do people send these texts out without realizing how foolish they sound?

Victor Vella · Answer

Sounds like he’s a had a little success with a formula on paper and forgot this is still a people and relationship business

KISS - if you gotta deal in a high demand CLE area let’s chat

James Wise · Answer

Sounds like a winner........................................................................................................................................................🤣

Federico Gutierrez · Answer

Not a scam, just a waste of time. But this isn't the first guy to ask unrealistic terms. I get unrealistic investors all the time and they don't want to accept realistic numbers of what the market is offering and change their criteria.

David Miller · Answer

@Federico Gutierrez this is a scam!

Federico Gutierrez · Answer

I just said if he would work.under those requirements of he was a realtor....no reply. What a vampire

Scott Matthew C. · Answer

@Federico Gutierrez Drop him like it’s Hot!

Victor Vella · Answer

Always open to chatting if you come across something interesting. My only cap is I stay under retail 300k. No swimming pools in basements 😁.

Would you work with this investor?

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