All Forum Posts by: Joshua Klein

The link, http://www.reiofvirginia.com/ seems to be broken. I'd like to meet local investors as well.

@Kevin Lin, what if you paid him a little to leave?

@Jeff Alwine, if there is a local group that meets, get involved with them. Mine wasn't doing remote session until recent due to covid-19. Now that they are, I think they'll continue doing so.

Great for networking. Great for leaning from their experiences or using as a sounding board.

Personally, 10 houses a year seems aggressive as a new guy. I'm coming out of my first project and it's taken 3 months from purchase to flipping to getting a tenant in. I'm working on the refi now. Granted, I'm working one at a time. My advice that I'm following, go slow, especially at first. I worked hard for this money, I want to ensure its spent correctly.

@Nicole Heasley, think about it in the opposite of what you want. Are there ways to attract undesirable tenants? Maybe dark gloomy pictures and poorly worded advertisements allowing known aggressive dog breeds and no security deposit or background credit checks...

In what location are the houses located?

@Jeff Alwine

Yes. I have a local handyman with connections. Worth his weight in gold. Unless you plan on unstuffing toilets, get a team together,l and create redundancies.

I believe the courts will be backed up for some time after they open their doors again. My focus is in Virginia and my small group I am part of were speaking about that very subject last week. That said, people are still looking for rentals so if you manage to come to some agreement with this tenant so he chooses to leave, you would likely to be able to find another tenant, even in this climate.

Tenant is in and I'm cash flowing. Life is good. In the process of the refinance now and looking for my next deal. 2020 goal: 3 more.

@Isabella White

Step one,: Spell out criteria for yourself. Let's say the goal is a purchase range of 60-70% ARV, then you have a criteria and you can crunch numbers and make offers all day, as you know where you'll have to be.

Step two: make offers. Doesn't matter if the offers seen low, the number is what you are able to offer and not an arbitrary number.

Step three: If you're not getting traction or results, go find people to help you do so: Half of the population of the world is in Facebook. You have a community of people j done with all the complexities. Done! I realized to call something hard is silly. That something is just the next step. You said your want to do RE, enjoy the process!