All Forum Posts by: Jeff Coga

@ceasarblackman Glad to be back! Apperciate the love my fried! Let me know if there is something I can do to help your biz grow in Orlando!

I've been a member since August 02, 2011... and quite frankly, I've "used and abused BP resources" without ever really giving back my own knowledge or experience.

So... if ya'll will forgive me, I would love to connect and help like minded people on BP.

Why the sudden change of heart? Well...

I got an email from BP several days ago stating I haven't been here in a long time and this week I was thinking of all the things I'm grateful and thankful of because of Thanksgiving and...

I said... what's the fastest way to give back at scale and I figured this is the most active forum. If the moderators want to take it down that's fine but I want to introduce myself.

My name is Jeff Coga and I've been investing since 2004. If any investors/developers in the Greater Los Angeles wants to connect reply on this thread.

Lets connect :)

-Jeff

P.S. I wholesale, develop, and buy/hold.

To cash flow in Los Angeles, you have to build your own units or partner with someone who will.

- Jeff

P.S. Welcome to BP!

If you want to hear about the Los Angeles real estate market and how to make money, check out... Real Estate Strategy Lab on itunes. The guy on that Podcast is kinda lame and has weird sense of humor.

- Jeff

P.S.

Edgar, welcome to BP

Darwin,

Don't get hung up on the contract. Focus on lead generation. Get a seller. Not any seller but a MOTIVATED SELLER and the contract, check etc will fall in its place.

Understand the process. You much fall in love the marketing/acquisition of distresteed moviated sellers.

So Whats the 2 thing you need?

1. Financial Distress of the seller (97%) of the time.
2. Distress of the Property (needs major repairs)

If you DO NOT have these 2 conditions... 90% of the time, the seller isn't ready to do business now.

Now... tie that all in with a back in re-targetiing FB, Google, Amazon, etc camppaign. You're set. All about monitization.

JC

Jorge it all depends on what capacity you want to invest. My humble opinion is that you only have 2 ways to invest (if I simplify it).

1. Capital Growth - "Make BIG Chunk Fast"
2. Cash Flow - "Do NOTHING & Money Comes In"

Now... regardless which option you pick.

If you look at "investing" as a business... you'll focus on "customer acquisition" aka the "sale". Meaning...

You need sellers and buyer leads. No leads = No check.

Hope that helped.

JC

Focus on the #'s.

If you want $10K a month

Income Goal = $10,000 per month
Each Transaction = $2,500 per deal NET
Number of Closed Deals a Month = 4 Closed Deals
Number Deals Under Contract VS Closing Deal Ratio = 50%
Number of Deals Under Contract = 8 Deals
Getting A Contract VS Number of Appointments Ratio = 50%
Number of Appointments = 16 Appointments
Number of Leads VS Appoint Setting Ratio = 50%
Number of Leads Needed = 32 Leads

This means... you need 32 qualified leads in a month to make $10k.... of course the #'s can be moved.

Not sure if this even helped...

JC

Welcome To Los Angeles. Become a great marketer. Always remember... seller and buyer leads come first, closings second. :-)

Let the tenatns know that you are watching...

I use callfire.com and have a preset voice broadcast and text blast that goes out everymonth... voice broadcast and text blast goes out on the 1st staying rent is considered late by the 5th. Then they get a voice and text blast each and everyday until the 15th until they pay or we file a UD. Works like a damn charm.

We looked into the fake grass but found that it didn't look real...

The solution was this... 2 rehab properties grass died because of the damn gardner F'ing me and not showing up... so I fired him. Got sooo pissed off that one weekend I was determined to find a new landscaping guy... so I pulled up all the rehab properties in my area and drove down their to check out their land scapping... strangly enough this one group had killer grass... so i sent my runner to stay infront of the house until the gardner comes... I guess he got tired and called the realtor and told him that the grass was flooding. Then what do you know the gardner came... now we hired him. No problem. :)

Sometimes the answer is really that simple.