All Forum Posts by: Edgar U.

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@Scott Goulet we just sold one for a little under 100k but was renting for way below market value but it wasn't 3/2. It's a 3/1 rented for a little under $800 so whomever is buying it will likely have to raise the rent. Keep in mind the tenant kept the property up since he was a handyman. Let me know so I can send you the specs if you need more info. Please note, this property that I am talking about doesn't compare to what you are looking at since it clearly seems like a newer home as well so keep that in mind. 

@Brian Garrett we have wholesaled numerous property throughout Palm Beach area, including Deerfield, Boynton Beach, Green Acres, and the market is rather cheap compared to Dade and Broward County. I'll send you a friend request so we can stay in touch.

The best CRM is the one that you actually use. There seems to be a lot of discussion and topics about this on BP. It's best to just stick to one and make it work for you and your business. Focus on lead conversion and better follow-up within your CRM and you'll be 10x more productive. 

Hands down BEST book on flipping houses, the best part is his SOW (Scope of Work) section, plus he gives quick estimates based on what each category of repairs might cost. This is a must have to put on your real estate investing book shelve!

@Josh WagnerI can honestly tell you that you are preparing yourself for failure. Having worked at a brokerage I saw many agents committing the same mistake day in and day out. 

Mistake #1 - Web-based lead generation systems like zillow, realtor, trulia, etc. Most online leads for buyers will take about 6 months or more to buy from you if you are lucky. Also, some of those companies you mentioned will set you back $400 bucks or more on a committed contract. You must be committed to CALLING THESE LEADS WITHIN 5 MINUTES or lose to your competition. 

Mistake #2 - CRM systems with website hosting/building. Don't worry about no website or CRM, just use a free Podio account. Worry about being a phone friggin machine. Role play with your friends and family about handling buyer objections over the phone. 

Mistake #3 - I can comfortably spend $200 or less a month. You should be spending about 1k or more on this. Focus a share of your budget to buyers and another share for your most important aspect which will be sellers.

Mistake #4 - because my full time job doesn't necessarily allow me to put many hours into real estate. Your in the wrong business. This is a full time business, I saw a lot of agents trying to be the "top producer" agent while working part time. Trust me, it doesn't work. You need to be doing the following.

• Prospecting: Mornings and Afternoon. This could be calling the leads you generate and should take you as long as you get a buyer or seller appointment per day!
• Showing: This is showing buyers homes whether in the weekends or afternoon hours when they get out of work. Setting up appointments to view the property for your buyer could be an art on itself b/c a lot of listing agents don't pick up the phone. Also, 90% of the agents don't know how to show homes properly, they run around town showing homes to buyers or may not have been qualified properly or buyers who are UNREALISTIC with what they want. 
• Negotiating: If you even get this lucky you start to negotiate for your buyer an offer on their behalf.
• Offer Accepted: This is when if you have done your job properly, your ready to find your next sale of the month. 
• Follow-Up: After you have completed all of the above you go back to following up and prospecting, then rinse and repeat. 

All the strategies mentioned above take time and hard work. Otherwise, you'll be spending marketing money and having it go to waste. 

@Silenceux Francois the units are currenlty vacant, but you can easily rent them out to $1250 per unit.

arn Interest On Your Money with OffMarketHomes! – Click For More Info(you can also comment/PM and send us your best lending terms, space is limited!)

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@Shaunda HayesI  tried doing the virtual assistant biz and although I didn't have time...ahem failed. I still get request from people who tell me the following "I need help calling my leads, following up, converting leads, etc." Everyone I meet and know have some kind of issues talking with someone over the phone. So I would say the following.

A Lead nurturing package where your VA can take lead calls for you or follow up with your leads and update your notes in your CRM software (I would just add converting leads into appointments, and then into sales.)

@Veery Durham welcome to BP! This site will give you all aspects for real estate investing. Be sure to use the marketplace to find your next deal!

@Raymond WilliamsI would just start out farming an area (i.e) find a zip code and study what the trends are going for in the area. Once you know the ARV, then plug this numbers into the BP flip calculator. For $300 per month you might as well use it for finding leads which in my opinion is the most essential piece in any real estate biz. Just my two cents.