Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Adam Hofmann

Adam Hofmann has started 9 posts and replied 46 times.

Post: wholesale

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

I'd like to echo what Thomas said above. Stop worrying and take action. I can totally attest to this. I joined the site back in October with a fire under my ***. I kept reading, reading, listening, listening, asking, etc. I tried about 10 different things which all equated to wasting my time. Here is the easiest way to get started, hands down.

1. Go to listsource

2. Buy an absentee list for your county, 70% or higher equity, absentees, complete mailing addresses. (PM if you want help with any of this)

3. Go to evoice.com and grab a voicemail number

4. Go to yellowletters.com and create a yellow letter mailing (pick one of their templates, simple is best)

5. Send your list to them

6. Research what to do next while you wait for the phone to ring

if you want something even cheaper...

1. Order some yard signs with posts online (http://www.dirtcheapsigns.com/)

2. Write

We Buy Houses

As-Is Close Fast

All Cash

###-###-####

3. Put them up in high traffic areas (freeway on/off ramps, walmart, home depot)

then do the same for local investors

Discounted Properties

All cash, fast close

Call now ###-###-####

Don't over complicate this to get leads coming in the door. You can get fancy later after you close a deal. Good luck!!!

Post: Interested in an East Bay "master mind" group?

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

Man, how did I miss that!? Thanks guys

My offer still stands for anyone wanting something more regular in an intimate setting.

Post: Advice on how to price a wholesale deal

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

First off, congrats on making those deals happen.

Second, I'm a complete novice here, but I'm guessing the experts will need a bit more info to help you out in terms of pricing.

Do you have some good relationships with your buyers? Do any of them invest in higher priced properties like this? Is this property in Philly?

From my understanding, just because the price is higher, doesn't really change a whole lot. If you have it under contract for a good price, you know what the repairs will cost and what it will sell for and you already have some buyers - you should be able to decide how much you want to make on it.

IE - if you've got it under contract for $600k and know you can sell for $700k, why not put $100k in your pocket? You also know how much wiggle room you have when it comes to marketing/negotiating with your buyers.

Post: Interested in an East Bay "master mind" group?

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

I'd like to setup a fairly regular meeting of the minds in Berkeley (where I live, selfish, I know!). I've found it incredibly helpful to constantly be surrounded by like minded people, talking about goals and actively working towards them together.

If you think you would be interested, please send me a PM. The key will be to start with a small tight knit group and expand as the group sees fit. Open to any and all investors at this point as well as ideas. I'm happy to take the lead and make this a consistent reality.

Who's in?

PS - we'll need a better phrase than "master mind" because it drives me insane :P

Gvoice is great if you just need one number. It's kind of a pain when start trying to create lots of them. Much better full-featured options out there

Check out eVoice for your voicemail service. If you need lots of different numbers to a/b test go for callfire

Post: Need Info on using Viretual Assistants

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

Thanks for the shout out J! Wayne, happy to help where I can.

Post: San Francisco meet up!

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

I really want to go to this! I've got to pack for my trip the next day, but I'm going to try and make it. Thanks for putting this together.

Post: What did you do today in your business?

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

Nice everyone! This is fantastic. Today for me was spent on...

- Making training videos for my VAs

- Setting up a CRM (Zoho)

- Starting dev on landing pages/squeeze pages

- Networking on bigger pockets + listening to podcasts

- Installed a new starter on my project car

Cheers to tomorrow. Go get a deal done.

Post: Wholesalers in a marketplace

Adam HofmannPosted
  • Berkeley, CA
  • Posts 47
  • Votes 28

Hey Arian,

Are you looking to purchase from a wholesaler? Or are you just looking to connect with one locally?

I'm hoping to have a few properties under contract in the Sacramento area before the end of the year. Anything in particular you want me to keep an eye out for?