All Forum Posts by: Douglas Vogel

I have had realtors willing to do it, I have just been hesitant. Sometimes they must disclose to the seller that they are an agent but I don't really care since I pay closing costs for the seller anyway. I haven't had good luck with VA's have you? I have tried two different firms and they did not perform as advertised. I have also heard from people using VA's for phone calls that US firms are better and sellers are more receptive to speaking with an individual with their primary language being english, but I haven't verified that. Thanks for the tips!

Thanks @NaDean Bowles! I’ve thought about getting a realtor to take the calls and if it’s something I can’t buy then they get a commission off of offering to sell the property for the owner. They may even be willing to pitch in the cost of advertising if I’m lucky. 

A partner is also a good idea!

I think finding the deal is probably the hardest part in real estate. Having multiple ways to bring in deals is key and then systemizing that so it is repeatable will ensure success. I just haven’t found strategies that work with my military job as of yet. I need to think more out of the box!

@Jonathan Mednick I couldn't find your email.lol I sent you a DM

Hey everyone! I am curious how you are finding deals in this tight market??

I am in the military without access to my phone so any leads I do get from text messaging, mailing etc. I can't answer. I am also advertising to people not in my geo location. 

I am curious what everyone else is doing to get deal flow to analyze and make offers on. What works for you in your market? How would you take care of the leads if you didn't have access to your phone during the day?

@Pete Abilla I like Ehsan Rishat's technique of using listsource but just know it is very city dependent. It all depends on how the county inputs the data. In some of my markets listsource is terrible at counting number of units due to the county website and therefore doesn't work when trying to create a list. My results will show 1 address for MF units over 5 units....that is absolutely not right. Just a limitation to be aware of. You really need someone on the ground (maybe a partner) that can help you understand the market and drive for dollars to get off market properties and advertise to them. 

We are also going to have a US company cold call the owners of off market properties as we find that yields better results than just mailers.

@Ryan Webster I agree. Have you seen it difficult to get offers accepted from buying on actuals? 

@Jonathan Mednick Would love for us to connect. I am currently deployed (without the ability to call) but maybe my brother and business partner Walter could give you a call? Just looking to connect with like minded people, share ideas, market insights, deals etc. in the Birmingham area. Let me know and I can shoot you an email with both of our contact info.

@Rob Drum -  I will shoot you an email!

Interested to see everyone’s perspective of this new update I found on a multi family market overview.

Rents have increased by 4.2% but occupancy has decreased by almost 1% from 93.2% to 92.6%

Is this the start of the market correction we have all been waiting for??

Do you buy on actual rent/occupancy with a fudge factor or do you buy on what you think you can get over the next few years?

I like to buy in actual income/expenses so I k ow I can cashflow at least in the short term, which allows me to add value and keep rents stable (if it is a market correction) or increase rents if the market allows.

What is your strategy in this market?