All Forum Posts by: Darrion P.

Justin, 

We've all been thru this stage. It really boils down to knowledge and experience. You'll get there. Keep pushing. You ask a few questions: How to Find Deals - the answer is simple. they are everywhere. Realtor.com, an investor-friendly agent, driving for dollars (pick an area/any area) or yes you can even send the ol'fashioned "hey I want to buy your property" letter. Funding Deals - the path you've chosen is likely a hard money/private equity lender path. When it comes to funding/financing many will do 80% purchase and 100% rehab cost. Trick is you'll need capital to start the rehab, keep your receipts/invoices, the lender/hard money will reimburse you. Again, the rehab process is wash, rinse, repeat. You start it, complete it, and they reimburse you. Estimating ARV - don't over think it. ARV is simply based on like properties that have sold in the area. If you're remodeling a 2-family flat, w/grantie counter tops, hardwood flrs, and 12ft ceilings, find one that is active (currently listed) or recently sold in the area that is similar to yours. There's your ARV.

A GOOD investor-friendly agent can make all this really easy. Sounds like that would be beneficial to you.

Hope that helps.

Darrion 

VantageReal.estate

Matt, 

If you're looking for a website that zooms in on MF there are several. 2-4 units you can find on realtor.com, and other mls based sites. When you're looking for 5+ units; as others have mentioned, Loopnet, CBRE, Crexi, Marcus and Millichap, CoStar, etc. are the goto sites. If you're just getting started and looking for larger deals, start with Loopnet; 1) it will give you plenty of practice; u/w practice, broker contact practice, deal analysis practice, etc. All of which you'll certainly need. I also recommend LoopNet for sample deal packages. You'll find a few deals (or no deal) that you can present to investors as scenarios. 

If you're looking for 2-4 units use realtor.com. It's more accurate info than zillow, and fyi it's basically all the same data us real estate agents (Realtors) use. 

Hope that helps, 

Darrion 

VantageReal.Estate 

Marcus, 

In addition to the municipalities website, I also check city-data.com. I've found comparable information there.  

Hope that helps.

Darrion Phelps

Looking for an architect and GC to take on a project in South City/Botanical Garden area.  Successful previous experience with conversion of 4fam to 2fam is required. Thanks.  

 Hey @Alexandra Rolon what type of CRE are you seeking?

@Bryan Metz you're right. This Atlanta market is one of a kind. If you're not getting notice of deals directly it can be and will remain difficult. I've noticed investors have altered their aim but maintained their criteria. They are choosing outlining areas where new construction/development projects are underway. Sure you can invest OOS, but you'll likely find similar hurdles. Have you considered searching OTP? 

Best of luck!

Christian, 

You don't need a license. Deciding to get it depends on whether or not you plan on helping others buy, sell, or invest. If you don't desire to travel that path, find an investor-friendly agent that you vibe with, who understands your tolerance, your vision, etc. Then hire them. Don't overthink it! You can do real estate without a license; says the licensed investor-friendly agent. 

Deal Diaries! I like that! Sounds like a great Youtube channel as well.

Congrats! 

Perhaps @Niyi Adewole can be of service and assistance in providing guidance here. 

Congrats on gaining your license. Certainly, a great time to be involved. 

Sounds like you have some reading to do. Several good books, podcasts, and webinars are available. You may consider being involved in syndication as an (lp) limited partner before becoming a sponsor of one. Fundrise, Realtymogul, CardoneCapital, and several others are for consideration. 

Reading: Check out the bookstore tab above. One of the many books you'll likely gravitate to is The Multifamily Millionaire - Vol 2 which is focused more on syndication.  

And of course the great cloud of witnesses here on BP that provide an abundance of helpful tips, tricks, and guidance along your journey. 

Best Regards!