All Forum Posts by: Lindsey Johnson

Hey BP,

My name is Lindsey and I run a business called Evergreen Investments. My team of for and I primarily target preforeclosures, high equity absentees, and high DOM listed properties in San Diego and Charleston. We call, text, and door knock these leads with a flip, wholesale, or wholetail exit. I am looking for a talented cold caller to join my team with the simple goal of booking 1 appointment per week. Any appointment booked that ends in a closing, we will split the deal. If you or anyone you know are interested, DM me. I would love to connect!

 There it is ^^^ ! That is how you hedge your bets. 

Hey BP,

Looking for the best direct mail company you have used. I have a simple letter that I want in a simple envelope. Not a postcard. Any advice welcome. 

Thank you!

Hey BP,

I am doing a round of marketing outside of my phone's area code. I want the call to action to be a phone appointment, but want the area code to match the market. Do any of you all use call forwarding, Google voice, or the like to remedy this problem? If so, which do you use and why?

Any advice is welcome!

Hey BP,

I am currently between title companies. Looking for one in the San Diego area who specializes in off market, flips, and/or wholesales. My partner and I are looking at 1-3 deals a month in 2023. If you know anyone who can handle that volume and are comfortable dealing off market, please refer. Or, if you are one, shoot me a DM! WOuld love to partner up.

Thank you!

Hey BP,

I am currently between title companies. Looking for one in the San Diego area who specializes in off market, flips, and/or wholesales. My partner and I are looking at 1-3 deals a month in 2023. If you know anyone who can handle that volume and are comfortable dealing off market, please refer. Or, if you are one, shoot me a DM! WOuld love to partner up.

Thank you!

Hey BP fam!

I’m looking for your thoughts on a deal I’m currently working.

Here are the details:

Location: San Diego County

Owner is in pre-foreclosure: $30k in arrears

Total payoff is $490k

Mortgage payments $3,300 (Tax and insurance included)

NOTS date coming up in about one or two weeks

Owner is applying for Cal Mortgage Relief.

ARV = $700k

Repairs = $80k - 100k

Owner has received offers of $550k

Owner is adamant about not moving out and wants to own the home still.

I am the contingency plan for the owner.

This is my idea: Purchase the home subto to it for a total purchase price of $490k. The entry Fee = $30k (the cost of bringing the loan current) + Closing costs. Offer a 24 month lease option for 620k with monthly rent of $3,300 (mortgage amount). Market Rent in the area matches this mortgage amount but may be able to increase it to $3,400-$3,500 and have the extra $100-$200 be written as a seller financed down payment for the option.

Upsides: Low entry fee and great 2yr ROI with little/no work.

Downsides: The issue I see is that if the current owner doesn’t want to cooperate in the future regarding the subto then the buyer could be in trouble. Dealing with eviction if they don’t pay the rent.

Questions:

• Do you think this is a deal worth pursuing?
• What do you think would make this a win?
• How do you think the numbers stack up?
• Are you interested in purchasing this deal if I wrap it up? The Entry Fee would be $40k on a potential $120k return in two years or less.
• Are you interested in JVing it?

Thankful for nay input!

@Troy Gandee $250 it is. Excited to meet you and the community in January! Thank you for the great info. 

@Troy Gandee Thank you!

Just saw that to join the weekly meet ups, you need to purchase a ticket for the year. Would you recommend this option?

Hey Family!

My name is Lindsey and I just moved from San Diego, CA to Charleston, SC. I am a licensed realtor and I run an acquisitions venture called Evergreen Investments in CA remotely. I have a team of 4 and we are growing. I plan to bring Evergreen to SC. I would love to get connected with anyone doing deals in Charleston. If you are a cash buyer, run a team of realtors or investment professionals, or are a builder/developer in SC, would you DM me? I would love to connect! I am also looking to hang my license with a group of investment minded realtors. Any recommendations would be greatly appreciated! 

Thank you for any and all advice. I look forward to connecting!