All Forum Posts by: Benjamin Orozco

@Gohar Shafiq

I hadn’t thought of a home inspector on these i just used a contractor to give me a bid before offering on the house. The aunt photos is to get more in depth pictures and to verify what the rehab itemized list is stating. But really just getting a home inspector from the beginning is always good and I have used them in the past but for these two houses I chose not use a home inspector.

@Jasraj Singh

I'm doing two BRRRR deals in kansas Topeka. Great cash flow market but you need to have the very best team and the only way to assemble a team for a newbie is to read David Greene book. Also ask question on the forums here, read old forum posts. Do a ton of research in the market you are pursuing and narrow down a niche property you want to invest in. For example I look for large 2bed 1bath homes through a wholesaler or a savy investor minded real estate agent. These two sources become a deal system where they are sending you deals. I have my core four send me deals. I am upfront about a bonus I will pay out for a slam dunk deal. 500 dollar signing bonus for closing on a great BRRRR deal. You will be surprised that your core four will start working even harder when they know there's a bonus involved. All there best contacts and connections start becoming yours because they know if you succeed that means more business for each any every member of the core 4. Agent, PM, lender, contractor.

I recommend looking at maps of the target sub market and go INVESTIGATE like you work for the CIA. Write all the data you find, from neighbors, to schools, to rents for different type of houses. Find out what tenants are attracted to when it Comes to renting. Your property manager if he’s a good experienced one will give you a ton of info and paint a picture of life as a tenant in that market your pursuing. Trust but always verify any info you get from your core 4. I verify within the core 4 and I also call additional sources when in doubt.

Pre screen every member of your core 4.

Call 10 agents and pick one

Call 10 lenders and pick one or two

Call 10 property managers and pick one

Call 10 contractors and pick one.

You will get experience talking to people and formulating a even clearer vision of that market. You might even know that market more than where you live If you do This.

Good luck connect with me if you want mire Info on the Topeka market

@Brian Van Pelt

Ahhh okay thank you

@Michael Noto

Okay awesome man thank you for your input I’m narrowing down what to charge now.

@Filipe Pereira

Awesome break down thank you soo much

@Del-Metrius Miller

Hi nice to meet you thank you for the reply she has 3 rentals herself. So 100.00 is a much better price per visit okay great tip thank you

@Brian Van Pelt

Awesome could you explain portal to portal if you don’t mind so We can get a little more educated on the subject ?

Hey so I have two properties in Topeka Kansas and I have an Aunt that lives there what is a reasonable amount of money to pay her each time she goes and takes pictures and video on my behalf to verify inspections and also completed rehabs??

My price I had in my mind was about $50.00 each visit and it would include the following;

pre inspections; picture and video footage of every interior room and living space. summary description list of items she spots.

1/2 through the rehab;  picture and video footage of every interior room and living space. summary description list of items she spots.

Final stage of the rehab before paying contractor the last installment for completed work: picture and video footage of every interior room and living space. summary description list of items she spots.

I have a property manager and contractor that will give me an itemized bid and do there inspections on the place together.

I would be sending my aunt as boots on the ground. the pics and videos is an extension on myself noting physically being there.

thank you all I hope to get a good idea what people would pay there family member for service like this. she is also out of work temporally with no pay because of the coronavirus so this could help her out a little.

@Justin Hall

In Topeka Kansas

@Kevin M Strong

I’m definitely pausing the RE purchases for the rest is the year. The coronavirus happened in the middle of my last purchase but as a side. In the market I’m buying houses tend to not fluctuate much because there isn’t much appreciation. Comparing the last recession to today’s prices they relatively close in price. It’s a cash flow market only. I didn’t buy in kansas For appreciation but only for cash flow. Both single family homes were 33,000 each. Fixed up there worth roughly 50,000-70,000. Although I know this isn’t the best time to buy I won’t be taking huge losses on the appreciation aspect. I may get hurt slightly in the appraisal but if it’s anything like last recession it won’t be too bad.