All Forum Posts by: Virginia Marphis

I'm compiling a list for my Investor Training Series of the TOP INVESTOR MISTAKES. I'd like to compile a large list. Be as creative as possible. The most creative answer wins! 

Details

Join us and learn, network, share ideas. You do not need any prior experience in real estate to participate, just a strong desire to grow a profitable real estate portfolio and learn from other investors the best methods and tools to use. Let's do this!

Keep your Third Wednesday of every Month open to join us.

The Month of April will include the following topics:

- Hard Money Lending - Our Guest Speaker is Sean McDonald from Socotra Capital

- The Reno/Sparks Market - By Ginger Marphis

Please, if you have any expectations or requests, message me at least two weeks prior to the meeting, and we will do our best to accommodate.

We are looking for some speaker ideas or topics. You are welcome to submit those ideas so that we may engage this group in interesting, educational topics

Looking forward to meeting you all this month!

The Investor Series - Session 4 of 5

Date: April 10th | Time: 5:30 - 7:30pm

Location: 10359 Professional Circle, Suite 100, Reno NV 89521

- Finding your next investment property

- How do I figure out the numbers?

Investment properties might be where you weren't even looking. There is a strategy to finding properties to invest in. The list is long, so come prepared to take notes on some actionable items.

Calculating the numbers is sometimes intimidating. I know with my first deal, I definitely didn't know what numbers to calculate. I will share with you some tools and methods. Knowing your best possible exit strategy is dependent on some key factors.

Learning and growing with other investors is something I am passionate about. I love real estate and what it has to offer someone wanting to accumulate wealth. Sharing some of what I've learned over the years, and giving you some insight to making something scary, less scary and more interesting is my goal.

***Remember, those who do what others will not will be the ones who win in the end.***

Note: Anyone looking at getting their real estate license and becoming a realtor, I'd love to have a chat with you about the opportunity and what it looks like for an investor to be licensed.

SIGN UP HERE: CLICK HERE TO REGISTER

-Ginger Marphis, Keller Williams Group One

Realtor, Coach, Mentor, Trainer, Agent, Negotiator

Thank you. I shared this analyzer with my investors group. 

Join us and learn, network, share ideas. You do not need any prior experience in real estate to participate, just a strong desire to grow a profitable real estate portfolio and learn from other investors the best methods and tools to use. Let's do this!

This month's speaker, Joe Gilmour, of The Flipping Academy will be coming to Reno to grace us with his knowledge of Real Estate and educating us on the following topics.

- How to properly invest in & flip properties while maximizing your profit

- Giving you mastery strategies and techniques on how to flip quick and easy.

Please, if you have any expectations or requests, message me at least two weeks prior to the meeting, and we will do our best to accommodate.

We are looking for some speaker ideas or topics. You are welcome to submit those ideas so that we may engage this group in interesting, educational topics

Keep your Third Wednesday of every Month open to join us.

Emmanuel, 

I have a realtor referral you can interview there.

Ginger

Our investors group attracts people just like yourself. There is usually anywhere from 30-50 people who attend. 

I am also teaching an investor series you might be interested in. 

Message me.

Unfortunately, until you have a signed contract, any verbal message doesn't hold weight. Quite unfortunate that the REO agent (listing agent) communicated this before their client made their decision. The bank has a lot of grey area that other real estate transactions do not have due to the acquisition and turn over. I would be a little more forgiving of your agent, as it may not be his/her fault completely. Perhaps they and you learned a lesson about REO's and how they work.

A few Key elements in REO's: 

• 1) Place your offer with as few contingencies as possible with as short an escrow as possible. This is why cash is king.  If the offer is clean and not attached to lending, this is viewed favorably, however, the bank is NOT going to take an offer for $5K less just because its cash, in most situations.  
• 2) Put your offer in QUICK! - Time is of the essence. (Perhaps this could have prevented the other offer from being seen before they signed yours. - Some properties are situated where the bank has a deadline and the the offers are all reviewed at the same time and weighted accordingly.)
• 3) Know the specific instructions: Every bank is different! They all have different requirement. Your agent would need to know how to have the right conversations with the right people and be able to provide the proper disclosures required to have a complete offer. 
• 4) Fannie Mae? Freddie Mac?: These will require additional info and documentation.
• 5) Agents with a good reputation for getting a deal through to close may be looked at favorably.... so it matters who is representing you. 

I am a Realtor in Reno Nv who is also an investor who has successfully helped buyers acquire REO properties. I'm happy to help, however, perhaps getting your real estate license yourself, might give you that next level of control.

Great Investment Property to add to your portfolio.  Move in ready, single story 1640 sq. ft. home with an open floor plan. 

• 3 bedroom 
• 1 Den
• 2 bath 
• 1 Laundry Room
• 2 car garage w/S 
• Central A/C
• Easy Landscaping
• Walking Trails Nearby
• North Valleys Regional Park within Walking Distance

Quiet, north Reno neighborhood. Features new interior paint. New wood laminate flooring creates a very spacious, clean feeling. New carpet in the bedrooms added for comfort. Ample natural light. Kitchen has large pantry and island. Spacious Master bedroom, located in the rear of the home, features two closets with one being a walk-in. Includes: Den with built-in desk, Central A/C and heating, no back neighbors. On the other side of the back fence there are walking trails. This south-east facing home is perfect. No shoveling driveways after a light snow. Nice size Master bedroom with dual closets. Appliances stay. Easy care landscaping. Backyard features a nice size cement patio, which is perfect for an outside barbecue. Laundry room features washer and dryer which remain.

Be sure to view the video on this one at our YouTube Channel: Video Walkthrough

Click here to go to the property website for more information.

Contact the 

Listing Agent: Virginia "Ginger" Marphis.  Email Address: [email protected] Broker: Keller Williams Group One Inc. Call 775-846-0349. Easy to Show.

Wow! Congratulations! I've never heard of BuySelf.com. Thank you for that. I'm a realtor, however, I'm an investor too. I like to be aware of the resources available like this and FSBO.com.