Updated almost 10 years ago on . Most recent reply
Real Estate Appraiser/Investor from SC!
Looking forward to meeting new people!
So I am a self-employed successful real estate appraiser here in the upstate of South Carolina. I have hired 4 VA's from Bangladesh who have helped catapult my appraisal business to a crazy busy first year (on my own). Essentially, they have helped me reach my 5 year monthly revenue goal......in 6 months! Very happy with that side of things. In fact I am going to visit them this week for about 10 days to help them set up a actual physical office for work.
Now for investing. . . I have flipped and rented a few properties in the last 7-8 years but want to make some serious changes to that performance this year. In the past I have also bought about a dozen non-performing notes but that didn't go so well for me as my margins ended up being too thin and ran into problems along the way that ate into my profits. I still want to try my hand at that game someday for the passive income in can provide (without dealing with tenants) but need a bettter velocity model to grow capital. At this point, it makes sense to me to leverage my appraisal business knowledge into the field of real estate investing to build a successful business here as well.
I have since teamed up with somebody here who is active on BP and who I met through a real estate mastermind group that I am part of. We plan to put out some serious direct mail to my target areas where I live here. We will be sending out about 500 mailers a week starting in March.
I read every article that comes out here on BP and listen to the Podcasts. I also listen to Rea Dealz Podcast (Tucker Merrihew) and House Flipping Formula Podcast (Justin Williams). I also read alot of books on the subject and other books in general having to do with management, leadership, and mindset.
I am also actively raising private money for rehab projects. I am currently almost finished rehabbing my first property this year and am under contract on another one. I am currently using hard money lenders. (Lima One Capital and Iron Bridge Lending).
Looking forward to making some good connections here!
- Sincerely,
Ken Lavertu