All Forum Posts by: Brandon Vukelich

I'm in the same situation with a small rental in Tacoma. I don't like SFR as rentals, which is why we're not doing a cash out refi on it. It was a flip opportunity that we decided to BRRRR instead and hold for two years. I'm all about more doors under one roof. We're selling this summer and using funds to purchase another MF for buy and hold. At least a 4plex but may use to syndicate on a larger deal. So I would suggest scaling your portfolio, which could involve BRRRR'ing a duplex or larger too. I suppose negative consequences could be another covid or something and banks tighten up and you can't refi your BRRRR. You also have to assume prices will continue to rise to refi. Good luck in any route. No right or wrong answer really. I'm just a bit biased towards traditional buy and hold apts. Thankfully we all don't want to do the same thing, it's already competitive enough out there.

My family and I have been on Medishare/Christian Care Ministries for a few years.  Fortunately, no real major family health issues but it's worked well for us. Jon may be referring to the same thing above.  

All of my buyers are "flippers" with hard money lined up or sitting on plenty of cash. Typically a husband and wife team, a real estate agent or couple of people partnering up that just flipped homes for quick profit, never BRRRR'ing them.

I see so many posts on BP and Facebook about people looking for "investor-friendly" agents.  I also see many agents raising their hand to help and I question whether they have much experience or knowledge outside of traditional residential transactions.  I'm curious what an investor has in mind when making that request.  I believe I'm investor-friendly but there may be other agents out there that feel the same way but won't meet the expectations of the investor.  If you're looking for an I-F agent, here are some characteristics I consider to be important:

• 1. The agent owns or has owned investment properties.
• 2. They are active in the investment property space; helping clients buy AND SELL investment properties.
• 3. Their firm should be focused on investment properties or have a group/team that the agent works with that's involved in that capacity.
• 4. They should have tools and knowledge on how to analyze the performance and potential of a property.
• 5. The agent should understand what it takes to manage an investment property.
• 6. They should have a good pulse on the market you're looking to invest. (i.e. prices, rents, employment)
• 7. The agent should be well versed in investment terminology.
• 8. A solid agent should be proficient with their real estate contracts and know how to craft strong offers.
• 9. They should have excellent negotiation skills, know how to solve problems and get through transaction challenges like a jedi master.  
• 10. Finally...your investor-friendly agent should be honest, trustworthy and operate on the highest level of ethics.

Note: Please notice that I'm not referencing the word "Realtor" here. Many, many, many times people ask for investor-friendly Realtors. A Realtor is just a designation you get for joining NAR and paying their dues. All Realtors are licensed agents but not all agents (like me anymore) are Realtors. Most Realtors are focused on buying/selling homes, IMO.

Actually, if you want to suggest an edit to the title, it should be "Agent/Broker vs Wholesaler."  Just to clarify, a small technicality here for the general public...one does not get a "Realtor" license. That is a designation for paying dues to a organization, like a union. In each state you get either a license as a real estate salesperson, agent or broker, etc. One can be just an agent or an agent (that has joined NAR) is then also a Realtor. You don't need to be a Realtor to sell homes. I've been a Realtor in the past but because they are residential focused, I no longer pay to be a member as I work and focus on investment properties.  Now I'm (just) a broker, investor AND wholesaler.  BTW, BP has grown to be pretty much all things "real estate" and there is valuable content to be enjoyed by all.

I have been at both KW and eXp.  Both have advantages and disadvantages.  Feel free to connect or send me a DM for feedback.  I don't post pros/cons of each publicly.  People get butt hurt very easily over constructive criticism.  If you only get hung up on splits/fees, you're not considering the bigger picture for you and your business, IMO.  I pay more to be at Blackwell but my business has nearly doubled and is far more enjoyable than at previous firms.

Just to clarify, a small technicality here for the general public...one does not get a "Realtor" license. That is a designation for paying dues to a group. In each state you get either a license as a real estate salesperson, agent or broker, etc. One can be just an agent or an agent that has joined NAR and is also a Realtor. You don't need to be a Realtor to sell homes. I've been a Realtor but because that is residential focused, I no longer pay to be a member as I work and focus on investment properties. I'm "just" a WA broker. Haha!

To answer your question, it's not about being a good salesperson. It's being good at networking, negotiating and managing client relationships. I'm also in it because I am an investor and I love real estate. Best wishes on your journey.

Hey Patrick, I'm in the Seattle-Tacoma area but have been investing for 18 years. I own properties in ID and WA. Hoping to be under contract for 24 units in AZ very soon as well. My deals are usually done with partners. From 3 to 18 unit properties. I'm happy to connect, network, etc with all levels of investors. The owner of my company, Robert Slattery, has a 7-week "workshop" for new investors looking to buy their first 2-4 unit property. Send me a message if you want more info.

You don't need a course, especially if you're looking at <4 units.  It's really not that complicated unless you're talking about syndicating a deal.  Just connect with an agent/broker or experienced investor to walk you through the process.  That's what I do with local BP connections and they turn out to be great clients of mine.  There should be plenty of agents/investors out there willing to share info on purchasing a multifamily property.  I'm not in OR but happy to connect.  Best wishes in your investment journey!

Just a note related to your subject title...Wholesaling is NOT investing.  It is a business model that can lead to purchasing/investing in real estate but you're assigning contracts for a fee.  That's not investing.  Start by reading through ALL the various posts here on the subject.  You could search for experienced wholesalers and offer to birddog deals for the them.  Get to know your market and rehab costs.  Best wishes on your journey!