All Forum Posts by: Grant Rothenburger

Go Steelers! @Darien Terrell I'm always happy to help when I can! Feel free to reach out with any questions.

@Kenny Kamdoum Is Gaithersburg a super hot market? Capital won't be an issue to good flippers/buy and hold investors. But if Gaithersburg is a real hot market, deals will be tougher to come by, especially when just stating out. Not to discourage you, just the truth. Personally, I'd stick with your town for a few months and if nothing else, learn the market really well and make connections.

Also, one tip I heard from a podcast, put bandit signs up around pawn shops. I've not done it, but the guest said she had a lot of success from doing that.

I saw the picture before reading what you said and was going to suggest a built in wine rack... Needless to say I like that idea!

Or a couple small shelves for spices - though they would be hard to reach up there, for me anyway.

Looks good, you and your girlfriend do all the work?

@Jacob Prelle From your description of your goals, it sounds like a turnkey provider may be best for you. There are a TON of companies out there, and a lot less good ones. The other idea someone else said, hard money lending. Except, again keeping your passive income goals in mind, put some of that 100k with a reputable hard money lender and let them do the hard work of sourcing it and managing projects, etc... Again, can't stress enough how important it is to do homework on the companies before giving them your money. But you're on here and have 100k with 0 debt, you probably don't need to be told that lol.

If you would like some ideas of companies in each field pm me, I don't think I can put them on here. Good Luck!!

@Logan Hill Most private lenders will need a down payment too, and typically have higher rates than you'll get with a mortgage from a bank. If you are a first time home buyer, there are a lot of programs out there to assist with down payment, talk to a bank or broker on that. If you have nothing to put down, you'll most likely have to find an owner that will do some creative financing with you.

@Richard D. Of course you hire someone else to do it eventually, third party or internal. That is just an observation from studying those with some of the biggest online presences. I don't know if @Lissette Deleon plans on spending the necessary time, for years to build their brand. She asked how to build one, and that's what some other agents and investors with large online presences do, for sure with the help of a company or person at some point.

@Lissette Deleon

Not a realtor. But I do know a thing or two about branding and online presence. IMO the best thing you can do is to create content. Write some blog posts about your market/s, become the Pawtucket expert. "10 reasons families love Pawtucket", "best parks in Pawtucket", "5 free things to do in Pawtucket this weekend" I could go on and on. Keep creating blogs like that, (and you can be more RE specific "5 architecture styles unique to Pawtucket" "Pawtucket home values over the last 10 years") maybe weekly or 2x per week, sharing on your personal account & your page and people will associate you with Pawtucket, and you'll be top of mind when it comes time for them to buy or sell. This is more of a long play, but it works! You'll also want to have a simple website for the blog posts, or if you can put them on your website you have through the brokerage. You should have somewhere the blogs are posted that you send people to (through your sharing on social media) and try to capture their email. Boosting your posts and targeting your market heavily will help get traffic to the website. 

If you don't like writing, do a podcast. If you like video do a VLOG, as long as you are creating content and sending people to your website. Of course when they're on the website for the article/podcast/vlog they'll also learn that you're an agent in Pawtucket and would love to help them with their real estate needs.

Start a local meetup for real estate investors and/or agents. Who sells houses more than investors?

https://www.amangeo.com/ George Emmons is here on BP, he is the operations manager. I've met him at local meetups and have heard good things. I can't personally vouch for the company but others have.

For inspections, ALex Lockstead with Eaton inspections hands down the most thorough, well educated inspector around here. He's a little more expensive than most, but well worth it if you want know every secret that property is hiding. http://eatoninspections.com/

@Logan Hill

Drive around, get on craigslist, and find "for rent" ads/signs. Take a pic or write the number & address down, call the number, talk to the owner and see if they are interested in selling. You have already identified a pain point for them, they are lacking a tenant. Maybe they'd consider selling, maybe not. As a mentor of mine told me when dealing with sellers, find the pain, expose the pain, and relieve the pain. 

Something else would be to drive around and identify run down MF properties in areas you like. Use an app like dealmachine to find owner contact info and call them to see if they have interest in selling. If you didn't want to spend money on a service like dealmachine you could try to talk to one of the tenants and ask them how happy they are with the property and owner and see if they would give you his/her number. Also county information is free, just takes time to look up.

The only reason I suggested an experienced agent is because they would be able to tell you what is a good price for the property as is, what it needs to be sold and/or rented, what it would rent for when finished, and what it would sell for when finished. But she may know her stuff too, everyone has to start somewhere.

As for the lending, why do you think you need private lending for MF properties?