All Forum Posts by: Brandon Becsi

I have a killer contact that does DSCR nationwide, let me know if you want her info. Shes a wealth of knowledge.

Have you done any full cycles yet on flips? It's definitely challenging, but networking and seeking mentorship are key steps to success, and it sounds like you're on the right track. It's important to stay positive and focused, even in a competitive market like Seattle or naysayers.

If you'd like, I’d be happy to jump on a quick 10-minute call to discuss your current strategy and see if there are any additional insights or connections I can provide to help you succeed. I typically do B/C class rentals and flips so I may be in a different genre than you.  

I would find people that are lending their own capital and not "brokers". Most people you will find are middle men for others. Go to local meetups, network ask questions and ask if they are lending their own capital or a broker? Work with only people you like/feel comfortable with. Good luck!

 They are not part of your team day one. Reaching out, having conversations and building relationships is how you add them to "your team". That's why I said that 80% of people are ones that your wouldn't want to work with it takes time to build that relationship but that's how you start. Totally disagree quality agents are invaluable parts of a real estate team. Leverage others time and knowledge. 

 Great job! Do you use private capital to purchase homes?

I think its a great idea to pay off debt just make sure your expenses dont get out of control and stick to a budget. There is also a fair out of traction you can get by some deals that could be quick flips/wholetails that are on investorlift ...dont be afraid to offer 20-30% less than what people are selling properties for. 

Stick to a plan for 3-6 months learn, have a mentor or 2 and try to be around others that are 2-3 levels about where you are in your real estate journey to learn from their experience.

Flips are labor and time intensive but are good for cashflow if done right but can be difficult for new investors without a good mentor. Rentals are the best for building long term wealth building. Most rentals you may not make anything net-net once you factor all things in but after 3-5 years you are usually glad you bought them. If just starting out maybe do a small flip with a good mentor in your local market or buy your first rental to learn the game and start building that wealth. Have a great day!  

 The best teammates I have found is looking at active and sold listing on zillow and seeing what agents look to be doing volume and working with investors. Calling them and having a 10-15 min conversation and see if you vibe with them. Good agents are a great source of knowledge , boots on the ground and can refer quality contractors.  

great story thx for sharing. The lessons and experience you gained will likely be much more valuable than the money. Cheers 

yes im curious what is your monthly rental income expected on this property?