All Forum Posts by: Brandon Vukelich

Yeah, the "meet ups" have dried up a bit due to covid.  Networking has pretty much moved to online or conf calls.  There are still zoom events happening.  Have you checked here on BP under Network-->Events?  Not sure what you're specifically interested in discussing or learning.  Happy to chat anytime.

Look up sound transit light rail map. 

*This is just a personal opinion (obviously). :) Yes, stay out of the city limits of Seattle. The expanding growth has already begun outside of Seattle into other parts of King County as well as Pierce, Snohomish and even Kitsap. Follow the light rail plan. Everett is hot but Tacoma is hotter. If your budget is $600k, why go SFR? Especially if it is just you. You could pick up a decent duplex...maybe triplex, for that amount and have your monthly housing expense much lower. Also depends on where you plan to work locally or staying in Chicago. Best wishes on your investment journey!

Uhhh...that's an ideal deal. Almost all of our deals are not distressed, just motivated sellers with equity looking for a quick sale. Just depends on the usually numbers: seller's price, rehab costs, ARV and potential profit for the end-buyer. If it just needs some simple remodeling, you should consider to BRRRR that sucker or at the very least partner with someone to flip it yourself if the rehab is minimal. Just some ideas to consider.

Ditto to what everyone else said above.  A wholesaler that thinks they don't need to share the contract or that the end-buyer wouldn't want to review it, is a flat out shaddy idiot.  Hope he cleans up his business or fades out like disco.

Go long-term rentals...2-4 units.  The closer to 4 the better.  The boring but conservative way to start out.  I own long term properties and one 3-unit Airbnb but won't do anymore. Some are killing it with Airbnbs but many cities cracking down in AZ, HI and growing, especially now with covid.

If you don't know anything about FL landlord-tenant laws, either start studying now if you plan to self-manage. Otherwise, I'm a huge fan of hiring a pro PM when starting in a new market.  So much liability these days.  Some landlords are too cheap to pay 6-10% then lose thousands with bad tenants, evictions, improper handling of deposits, discrimination lawsuits from improper screening questions...I could go on.  Best wishes on your journey!

Don't tie up deals that you have no ability to assign and close.  That's a major difference.  Don't try and "steal" a seller's equity.  Come at each deal as a real estate problem solver.  Figure out how you can help the seller in the situation and reach a fair price for the deal. 

Lately with the same question posted here, I feel like I can just keep copying and pasting the same reply....

Build your buyers list first. Find local flippers or other investors in the area hungry for deals. Get their criteria, contact info, etc into a spreadsheet or any CRM. You'll be wasting your time and the seller's if you tie up a property with no ability to assign and close the deal.

Have your documents ready to go. You'll need a purchase and sale agreement and an assignment agreement at the very least. Don't use cheap, free docs found online. Have a local real estate attorney provide you a simple PSA and an AA. My PSA is five pages and my AA is two. If you plan to treat it like a business, you should be able to fund it like a business.

Don't be greedy on the first deal. Better to sell quickly for a small fee and get the process down. Don't just think about yourself and the fee. Do an honest job in solving the problem/situation for the seller, without trying to rip them off. Stick to that and you'll do alright. Best wishes on your journey!

Build your buyers list first.  Find local flippers or other investors in the area hungry for deals. Get their criteria, contact info, etc into a spreadsheet or any CRM. You'll be wasting your time and the seller's if you tie up a property with no ability to assign and close the deal.  

Have your documents ready to go.  You'll need a purchase and sale agreement and an assignment agreement at the very least.  Don't use cheap, free docs found online.  Have a local real estate attorney provide you a simple PSA and an AA.  My PSA is five pages and my AA is two.  If you plan to treat it like a business, you should be able to fund it like a business.

Don't be greedy on the first deal.  Better to sell quickly for a small fee and get the process down.  Don't just think about yourself and the fee.  Do an honest job in solving the problem/situation for the seller, without trying to rip them off.  Stick to that and you'll do alright.  Best wishes on your journey!

One thing I don't see mentioned, connect with local commercial/MF brokers at CBRE or MM.  Those brokers are in the trenches daily, making cold calls, etc.  They won't give you any preference on deals unless you can show them you are serious with funds/investors but you can start working to build those relationships now.  

Also, my local title company will pull reports for me based on the criteria I send them for $2.50 or so, for the entire report.  They are pulling from public data like anyone else but it saves me a lot of time. Best wishes on your journey.

I'm not a "realtor" but a licensed broker. LOL! I enjoy doing sales and invest personally, among other things like wholesaling. I do hold one STR rental property (3 units) but even if we add more, I do not have any intention of letting my license go. I love the various "tools" on my belt to find deals, solve real estate problems for people, make investments, facilitate transactions...you name it. But you should do whatever brings you balance and happiness while achieving your goals. Best wishes on your journey!