All Forum Posts by: D'Aydra Allen

Hi Matt! Nice to meet you! You can call me Dee. I am a licensed Realtor in VA and MD. My hubby and I own a heating and AC company and are trying to find our way into investing. We're looking for deals now to wholesale or fix and flip. I hope to have the opportunity to discuss a deal with you in the near future!

After sharing this post (below) in a different forum it was suggested I look for a cash partner - that makes sense! So here I am! I live in Northern Virginia and am a licensed Realtor in both VA and MD. I'm open to investing in DC as well but I can't offer listings directly in DC just yet (I'd like to eventually get licensed there as well).

As a non-cash (or very low cash) partner in a future deal I am confident in my and my hubby's combined efforts to complete the actual work needing to be done, honestly. We have access to a lot of resources beyond just ourselves, the MLS, and heating/AC work. We work with great builders and laborers all of the time to complete our own projects as well as to act as subcontractors on flips and other projects.

With my skills I can manage demo/clean up, design a new/improved layout, and coordinate all work/permits/inspections needing to be completed, prepare/advertise the listing, and get it sold! I just need access to the money/financing when it comes to securing a deal and funding the work! If we need any professional or resource beyond my abilities, I have access the the right folks because of the professional relationships we already have in place.

The Post:

I started thinking... If we can come up with 3k to invest into a h. a. r. d. m. o. n. e. y. l. e. n. d. e. r. (I did this on purpose lol) program, that I am reading very disappointing review about, how ELSE can we invest that $$ to get us on our way to being real estate investors?

I will admit, I've been super pumped to put that 3k down and start accessing the info that's missing for me as a Realtor when it comes to distressed (and other) properties. Plus having access to capital for fix and flips would be amazing. I see properties, even in the MLS, that I KNOW I could work wonders with but we don't have any financing.

So, with three thousand dollars, how can my hubby and I invest for the greatest ROI. I know that's not much for big returns as 3k isn't 30k but it sure isn't 300 either! We are ready. We have a lot to offer beyond 3k. We own an HVAC company and can offer free labor and discounted equipment. I am a Realtor who is clearly "investor friendly" so I can offer discounted listings and any grunt work someone else doesn't have much time for. I have a construction background as an estimator, drafter, and project manager; so I actually know quite a bit about residential and light commercial structures. (I studied civil engineering too... I may finish that B.S. degree one day!)

So what should I do with all of this. How do we take the right first step? Or is the program above a good idea? I mean not all reviews were negative. I suppose I could use it to get more listings as a Realtor if nothing else. Or is a different lender an option? Can we use our real life resumes as "experience" ? We've done work on flips for other investors... that's something, right?

Is wholesaling the only way to go? You tell me, please.

Thanks in advance for being amazing BP members as always!

D'Aydra

@Scott Mac You're freakin' awesome! Good idea ;-)

I started thinking... If we can come up with 3k to invest into a  h. a. r. d.  m. o. n. e. y.  l. e. n. d. e. r. (I did this on purpose lol) program, that I am reading very disappointing review about, how ELSE can we invest that $$ to get us on our way to being real estate investors? 

I will admit, I've been super pumped to put that 3k down and start accessing the info that's missing for me as a Realtor when it comes to distressed (and other) properties. Plus having access to capital for fix and flips would be amazing. I see properties, even in the MLS, that I KNOW I could work wonders with but we don't have any financing.

So, with three thousand dollars, how can my hubby and I invest for the greatest ROI. I know that's not much for big returns as 3k isn't 30k but it sure isn't 300 either! We are ready. We have a lot to offer beyond 3k. We own an HVAC company and can offer free labor and discounted equipment. I am a Realtor who is clearly "investor friendly" so I can offer discounted listings and any grunt work someone else doesn't have much time for. I have a construction background as an estimator, drafter, and project manager; so I actually know quite a bit about residential and light commercial structures. (I studied civil engineering too... I may finish that B.S. degree one day!)

So what should I do with all of this. How do we take the right first step? Or is the program above a good idea? I mean not all reviews were negative. I suppose I could use it to get more listings as a Realtor if nothing else. Or is a different lender an option? Can we use our real life resumes as "experience" (don't laugh at me either)? We've done work on flips for other investors... that's something, right? 

Is wholesaling the only way to go? You tell me, please. 

Thanks in advance for being amazing BP members as always!

D'Aydra

Age and condition of the major stuff like:

Roof, HVAC system (duct work too if you can see it... turn the system on if you can, what do you hear & feel), windows, foundation...

How's the plumbing? Any water damage- stains or sags? Electrical stuff is harder to determine without seeing inside of walls but you can take a peek at the electrical panel to see if it's dated and the load (if you know how)... a pic would work to share with your electrician.

The rest is pretty visual and more cosmetic, bathrooms and kitchens are always the most important. Look under the sinks, open up cabinets, peel away what you can... 

I am a newbie investor but I have 9 or so years in construction and now I run an HVAC company with the hubs in case you're wondering ;-). Good luck on your walk-through!  

Thanks guys!! I didn't think so either but at least I asked!

SO GLAD I FOUND THIS! I am considering a transition to eXp. I am still pretty new to real estate but I am also at home full time with my youngest children and run another biz with my hubby. I don't really connect with anyone at my current brokerage because of my lifestyle and I miss so much training and opportunities. I like the idea of a virtual brokerage and I think it may fit perfectly with my lifestyle. 

I saw a post by an agent I met at my current brokerage announcing her switch. I inquired about it and asked for more info. I sought THEM out honestly and my 'sponsor' and hers are super inviting and answered all of my questions. A couple of days ago I got a new friend request on FB and this guy immediately started trying to sell me on eXp... he was super pushy and annoying AF! I am glad I had the first experience before the most recent one. LOL

So @Ben Toth what did you wind up doing?!

I've listed a great property in Temple Hills, MD and it was suggested to me that I see if any investors would be interested. I guess I am so used to reading so many posts about fix and flips that I hadn't considered a landlord being interested in a buy and hold for this property. I guess it's worth sharing, right? *shrugs* 

This property is listed just under $365K, single family, move-in ready, 4 beds, 2.5 baths. I did some research and found where PG County's Housing Authority will pay up to $2,900 for a 4 bedroom under their voucher program (WOW!). Is there anyone willing to provide me some feedback on this property? I don't know if I can post too much in here without it needing to be in the market place... so I would love some feedback and advice first. I am available for private messages if necessary. Do investors buy listed, move-in ready, market value priced properties?

Thanks in advance for the feedback!

D'Aydra

I am so glad I checked here... I listed to info about his program but they didn't mention the cost. I was very intrigued by the thought of someone assisting in deals and funding deals I couldn't! $6,000 + monthly fees + $250k ...nah, I'm good! HA!