All Forum Posts by: Ed Zulyevic

@Adam Zach

Yep, same here..Aviation

@Keith Homstad

There is a ton of extremely valuable information in this thread. Pretty cool.

I personally learned not to deal in listed properties, the value is not likely there, sometimes it is. Find a trusted wholesaler or do some marketing for your own off market deals.

For cash on cash, 12%-20% is easy. My partners and I do that for our investors every week from the West Coast to East Coast. It’s all about putting the right pieces together.

https://www.myhousedeals.com/h...

www.mynextrehab.com

And of course Bigger Pockets. Go to the marketplace and look for postings or write a post yourself looking for wholesalers. Wholesalers are like super easy to find.You can check my site out too if you are looking for deals or read up on my blog post and learn some cool information. I have videos too, I try to  help educate as much as I can!

www.oregonwholesaleproperties....

Investment Info:

Mobile home wholesale investment.

Purchase price: $10,000
Cash invested: $1

Wholesale assignment to an investor/rehabber

What made you interested in investing in this type of deal?

I wanted to help this owner. She was in a pretty dire situation and I was able to get her what she needed. I don't deal with mobile homes but this was my first and it worked out well.

How did you find this deal and how did you negotiate it?

She Googled and found my PPC ad.

How did you finance this deal?

I pass this directly to my cash investor

How did you add value to the deal?

I helped the owner move out of her house.

What was the outcome?

She moved out and then moved in with a friend down the road to save money.

Lessons learned? Challenges?

Endless communication. Have a heart and genuinely wish to help people and everything will work out.

My partner and I have been helping a lot of people the last 8+ years and have developed a unique real estate investing niche. It’s not quite “flipping” a property, nor is it a long, drawn out “buy and hold” but actually a combination of the two… we call it the “slow flip”.

The “old way” vs. the “new way” to be a smart real estate investor

The Old Way….

• Find a property on the MLS
• Purchase it with 20-25% down
• Look for a tenant to rent it and hopefully fill it before your first payment is due
• Get 1 months’ rent as a “security deposit”
• Either be a regular Landlord or hirer a management company for 7-10% per month
• Work with a Tenant who might be a "career renter"
• Deal with it for 20-30 years or until you’re tired of it
• Sell or keep forever and pass on

The New Way…

• Find a property that not everyone is fighting over and not on the MLS
• Purchase it with only 10-15% down (net)
• Already have your tenant-buyer ready to move in on the day you purchase it
• Get 5-15% down from your Tenant-Buyer (non-refundable unless they buy)
• Let your Tenant-Buyer fix and repair the property because they treat it like their “own home” and it’s part of the contract
• Sell it for a higher price, that you already agreed on, in 1-3 years later to reinvest into a new property
• Do more deals faster to build your passive income up even quicker.

I have been getting a 12-20% cash on cash return and between 20-80% ROI depending on hold time. We are cash flowing $250-500/ month.

If you think this is something you, or any friends or family members, may be interested in hearing more about, please let me know and I’d love to set up a time we can connect and chat about it some more.

Let me know, thanks!

• Ed
• West Coast Property Group

Hi Dannielle,

I'm in the same boat. Fortunately I am part of a large investor group that invests outside of their home areas and they have passed down some useful due diligence research to me. 

Here are a few of the things they look at, start with areas your interested in first then you can get statistics from Realtor.com. Realtor keeps a TON of statistics. Take your time and don't get frustrated because its overwhelming at first. Got to Insights then "Research" then "Data" then scroll down to "Historical Data". Here is where you want to be looking!

For each of the areas you might be interested in look up "unemployment rate, appreciation and inventory. year over year"

Appreciation (%)(H) Median List Price Y/Y

Inventory (%)(K) Active Listing Count Y/Y

Unemployment (%)

I plot these numbers each month in a spreadsheet and look at the trend.

How did I pick some areas first you might ask?? Well I cruised around BP and wrote down areas others were talking about and started my research. Once I found a few areas I liked I then ran the numbers. Then I called Property Managers in thoes cities and found managers whom I liked and their business aligned with mine. Eventually I found a PM in the city I like and we talk often. He knows he will get any house I buy to manage and he looks at new properties for me, sets up any maintenance that it needs after I buy it and makes sure it meets the qualifications of his PM business. He is my trusted partner on the ground with my interests at hand. Win-Win!

I don't use real estate agents to buy because I look and market for distressed homes. More money in my pocket and my PM in town is the one who looks at the houses, sends me pictures and even has his maintenance guy inspect for me. It took me about 6 months to find the perfect PM, so take the time to get this step right.

I am always open to help in any way I can. Someone below or above in a thread mentioned they were lucky enough to get on a call from a seasoned investor. I am open to that as well, I believe in helping whenever I can, we all start somewhere. The fact is at the end of the day this is all about relationships. 

My rental lease agreements say no modifications without written consent. In my lease purchase option's its ok to do mod's or upgrades.  

Hey Chris,

I am in the process of using Streak myself. I am trying to figure out how to best label the pipeline and boxes for use as a wholesaler. 

The attraction to Streak for me is the Google integration. Have you been using Streak? I see your post is from 2017.

I'd love some feedback if you have implemented this and I would greatly appreciate any info you have.

Thanks,

Ed

Oregon Wholesale Properties

Wholesaling is tough right now. Anyone looking for deals could also reach out to some local rehabbers. They typically have marketing continually going on. There might be opportunities to pick up a deal from them if they are tied up into a rehab project already.