All Forum Posts by: Andrea Cepeda
Andrea Cepeda has started 2 posts and replied 6 times.
Post: LLC Skip Tracer - Need Recommendations PLEASE
- Atlanta, GA
- Posts 6
- Votes 1
Quote from @Jp Kilduff:
Skip tracing LLCs is a double skip process. First, you need to look up the registered agent/owner and then skip trace that individual. Sometimes LLCs set up their company through a third part company and an agent from that company will be listed as the registered contact- which does you no good. Find a company that has flexible spending options that does this double-skip process without charging you extra. Let me know if you need more information or a referral code to a company that can do this for you.
Thank you so much! The code would very helpful
Post: LLC Skip Tracer - Need Recommendations PLEASE
- Atlanta, GA
- Posts 6
- Votes 1
Hey everyone,
I have a list of small multifamily properties in my desired area which I'm planning on mailing letters to. Many of them are LLC owned. I am having trouble finding their companies or business owner's MAILING address. The skip tracer I was using is Lead Sherpa, and although I've heard good great things about it, it didn't give me much information on the LLC owned properties.
Is there a better performing program/skip tracer for this? or maybe a process I should follow to find LLC owners?
Thank you all.
Post: Overcoming Roadblocks as a Young Investor
- Atlanta, GA
- Posts 6
- Votes 1
Quote from @Niyi Adewole:
I agree with the other comments above, you are doing a lot of good things and working to surround yourself with investment minded individuals. I Host a weekly virtual call with a group of investors, lenders, CFPs, etc. Would be more than happy to include you on the invite, as it may help you continue to build your network.
I have no doubt that you will successfully purchase your first home within the next few years, keep pushing!
Thank you very much Niyi! I'll definitely check out your virtual calls!
Post: Overcoming Roadblocks as a Young Investor
- Atlanta, GA
- Posts 6
- Votes 1
Quote from @Nick Travali:
You need to find a mentor.
Mentors can come from ANYWHERE literally. Recently, I bumped into a pastor who I had seen a few times at a local coffee shop. Started making small talk with him while I was waiting for my coffee. Started talking a bit and I mentioned I was looking into real estate properties and low and behold, he has like 8 rental units and has been renting properties out for the last 10 years or so. So the last few weeks we have been meeting regularly to talk about rentals!!
Just start talking to people about what you plan on doing in your future and unexpected doors will open.
Nick,
Thank you for sharing your story, never thought of how easy it could be to find a mentor. I will definitely consider looking for one, guidance is key.
Post: Overcoming Roadblocks as a Young Investor
- Atlanta, GA
- Posts 6
- Votes 1
Quote from @Carlin Randolph:
You are doing a lot correct just by waking up every day being focused on your goal. Get it laser sharp and then just start 'casting' the people into your life you would need once that goal is realized. Keep them close and ask a lot of questions.
If you meet an investor with all the money you need, be clear on what value you can bring to them. Would you property manage the deal you bring? would you want them to invest in something you want to own with them jointly? What makes investing with you a safe and comfy place for their money?
You also have an awesome opportunity to learn every aspect of how the business works at the company where you work. Investors like to know you're knowledgeable enough to not loose their money when things go wrong. Knowledge can really be better than capital in this business.
Also, have you considered starting out by partnering with someone who wants a multifamily and whom you can earn from? One deal comes from another sometimes. Find them a deal, ask them a ton of questions and be willing to do the leg work they direct you to do.
Just a thought.
Carlin,
I think your advise is very wise! Thank you for your encouragement! I'm definitely taking notes on those questions you mentioned when adding value to an investor.
Post: Overcoming Roadblocks as a Young Investor
- Atlanta, GA
- Posts 6
- Votes 1
Hi Everyone!
I'm new to the BP forum, but I've been receiving education in Real Estate for about 2 years now. As you can see, I've been stuck with Analysis Paralysis for a while now. I have not yet bought my first investment property and one of my biggest obstacles is funding. I'm 21, office assistant at a Real Estate Development company and I happily support my family financially. The lack of capital has been one of my biggest obstacles. My goal is to invest in multifamily and as I scale, I want to build a townhome subdivision (I have personally always loved townhomes). I often practice analyzing leads as they come to my email, and continue to educate myself, but I have not made the move yet.
So, I hear networking is key, but I've been to several real estate meetups in my area and it seems like everyone is there for the drinks or not really willing to collaborate (especially with new and young investors). My main goal as far as networking right now, is to find an investor or lender (both preferably), to whom I can add value by bringing a deal, helping in any administrative task, or honestly, anything they need, in exchange for guidance and investment in my first small multifamily property. Where can I search for this person If I haven't found any in my area?
And honestly, if I'm doing this wrong, I'm open to critics/corrections too.