Real Estate Agent · Fredericksburg, VA · Member since 2023 · 25 posts · 18 votes
Hi all,
Let's say theoretically that you had unlimited funding, and mandatory had to do 10 BRRRR's per month. How would you go about actually finding the volume of deals needed? Currently, I will get a few deals here and there from various realtors/wholesellers, but nowhere near the volume needed. Scrolling MLS for hours is also inefficient.
My original thought was to hire a skilled VA to do nothing but find BRRRR's all day and pay them hourly or per closing. What are all your ideas?
Let's say theoretically that you had unlimited funding, and mandatory had to do 10 BRRRR's per month. How would you go about actually finding the volume of deals needed? Currently, I will get a few deals here and there from various realtors/wholesellers, but nowhere near the volume needed. Scrolling MLS for hours is also inefficient.
My original thought was to hire a skilled VA to do nothing but find BRRRR's all day and pay them hourly or per closing. What are all your ideas?
If you truly needed BRRRR volume, you’d want to shift away from relying on the MLS and random wholesalers and tap into markets where distressed inventory actually still exists, which is why so many high-volume investors end up doing their BRRRRs out-of-state in Midwest cities. Those markets still have the combination of price points, older housing stock, and motivated sellers needed to pull off repeatable BRRRRs. A VA can help, but the real leverage comes from building direct-to-seller pipelines and plugging into local boots-on-the-ground teams who know which properties are coming available before they ever hit the MLS.
Investor · Hatboro, PA · Member since 2016 · 3k+ posts · 866 votes
6mo
Hey @Joseph Khateri. At that volume you don't chase deals, you build a system that brings them to you. Start by setting up a few consistent lead sources like direct to seller outreach, strong relationships with wholesalers and agents, and a simple follow up process for every lead that comes in. Let a VA help manage and organize leads.
Get clear on your buy box so people know exactly what to send you, and focus on building a reputation as someone who can actually close.
Let's say theoretically that you had unlimited funding, and mandatory had to do 10 BRRRR's per month. How would you go about actually finding the volume of deals needed? Currently, I will get a few deals here and there from various realtors/wholesellers, but nowhere near the volume needed. Scrolling MLS for hours is also inefficient.
My original thought was to hire a skilled VA to do nothing but find BRRRR's all day and pay them hourly or per closing. What are all your ideas?
If you truly needed BRRRR volume, you’d want to shift away from relying on the MLS and random wholesalers and tap into markets where distressed inventory actually still exists, which is why so many high-volume investors end up doing their BRRRRs out-of-state in Midwest cities. Those markets still have the combination of price points, older housing stock, and motivated sellers needed to pull off repeatable BRRRRs. A VA can help, but the real leverage comes from building direct-to-seller pipelines and plugging into local boots-on-the-ground teams who know which properties are coming available before they ever hit the MLS.
Let's say theoretically that you had unlimited funding, and mandatory had to do 10 BRRRR's per month. How would you go about actually finding the volume of deals needed? Currently, I will get a few deals here and there from various realtors/wholesellers, but nowhere near the volume needed. Scrolling MLS for hours is also inefficient.
My original thought was to hire a skilled VA to do nothing but find BRRRR's all day and pay them hourly or per closing. What are all your ideas?
If you truly needed BRRRR volume, you’d want to shift away from relying on the MLS and random wholesalers and tap into markets where distressed inventory actually still exists, which is why so many high-volume investors end up doing their BRRRRs out-of-state in Midwest cities. Those markets still have the combination of price points, older housing stock, and motivated sellers needed to pull off repeatable BRRRRs. A VA can help, but the real leverage comes from building direct-to-seller pipelines and plugging into local boots-on-the-ground teams who know which properties are coming available before they ever hit the MLS.
So funny enough, I AM investing in the midwest. My own portfolio is between Cleveland OH and Birmingham AL. Even with own 10-15 units, I still can only have enough dealflow to get maybe 1-2 under contract per month. And even then, a lot of my time is spent doing analysis. Any tips?
Let's say theoretically that you had unlimited funding, and mandatory had to do 10 BRRRR's per month. How would you go about actually finding the volume of deals needed? Currently, I will get a few deals here and there from various realtors/wholesellers, but nowhere near the volume needed. Scrolling MLS for hours is also inefficient.
My original thought was to hire a skilled VA to do nothing but find BRRRR's all day and pay them hourly or per closing. What are all your ideas?
If you truly needed BRRRR volume, you’d want to shift away from relying on the MLS and random wholesalers and tap into markets where distressed inventory actually still exists, which is why so many high-volume investors end up doing their BRRRRs out-of-state in Midwest cities. Those markets still have the combination of price points, older housing stock, and motivated sellers needed to pull off repeatable BRRRRs. A VA can help, but the real leverage comes from building direct-to-seller pipelines and plugging into local boots-on-the-ground teams who know which properties are coming available before they ever hit the MLS.
So funny enough, I AM investing in the midwest. My own portfolio is between Cleveland OH and Birmingham AL. Even with own 10-15 units, I still can only have enough dealflow to get maybe 1-2 under contract per month. And even then, a lot of my time is spent doing analysis. Any tips?