All Forum Posts by: Lexey Vezzoso

Hi Ryan!

My best advice for this question would be to reach out and network with a property management company in your area who is a member of NARPM. 

They would be the ones to help give you the best data that you need for any renter information in your area.

Good Luck and let me know if I can help further!

-Lexey 

Hi Torrey!

The Real Estate InvestHER community is a great place to find female business success coaches. I would recommend following them on socials and joining some of their meetups. 

-Lexey 

I think going the duplex route is a great starting point to invest! 

Zev's advice to reach out to an agent who has worked with investors is a great place to start. You could go to a local REIA as well to meet potential agents, other investors to give you some guidance, wholesalers, property managers, etc.

Let me know if I can help in any other way and good luck in your real estate investment journey!

-Lexey 

@Mason Yost you do have to pay for the deal machine app. I believe the cost fluctuates depending on what service you need or want. 

Hey Zeb!

Looking for a market to invest in can definitely be overwhelming especially if you're doing it from a distance. However, I have to agree with Brenden, you've got to jump in a just pick one. You can drive yourself insane going over all the pros and cons of every market. I believe it helps if you can find a great team with boots on the ground to help take some of the stresses off of you.

I work with a team of agents and property managers here in the Boise, ID area. This is a great market to invest in especially if you want to capitalize on appreciation. 

That would be another tip that I would share with you. Instead of focussing primarily on cash flow. Try looking at markets that are seeing high appreciation. You will get a much better return on your money this way. :) 

Feel free to reach out if I can help you in other ways and good luck!

-Lexey 

Hey Mason!

We started out using the Deal Machine app. You can pin properties on the app and skip trace properties from there. Or you can write down addresses in a notebook and use software such as Batch or Lead Sherpa to skip trace which will then give you contact information. I personally think the Deal Machine app is a better system. We haven't done a ton of direct mail marketing so I can't give you as much feedback on that unfortunately. But I  hope the driving for dollars information helps! Good luck and feel free to reach out if I can help you with any other questions!

-Lexey 

Hey Brian!

It sounds like your focus is on cash flow (which is always great to have!) however, a lot of investors are uninformed of the higher return of appreciation vs. cashflow. My team is based out of Boise, ID which has been one of the highest appreciated cities in the last couple of years. We've had a lot of our investors see a much higher return on their money in this market even if they might be cash flowing a little bit less in the beginning. But with the amount of equity they have gained they have been about to expand their portfolios quicker than they would if they were just investing in a market that has nice cash flow every month. 

We've seen that the midwest markets are great for cash flow but their homes are not appreciating as quickly as other markets. 

as Evan mentioned, a lot of these markets that are giving you a high cash flow return are in areas of higher crime rate, poor quality tenants (which can end up costing you a lot of that cash flow), and older homes that may need a lot of repairs (also taking away from that cash flow). 

These are just some things to consider when investing! Good luck and feel free to reach out with any more questions. 

-Lexey 

Hi John!

Congratulations on the new career!

It's very wise of you to start thinking about where you can invest your money. You are never tied down to one market. I know a lot of people who invest in multiple markets virtually. 

My one suggestion/piece of advice for you is to try and find a market that has good appreciation. Boise, ID has been a great area for a lot of investors I work with. The amount of appreciation they are getting has been such a great return that they can either use to invest in more property or investments elsewhere. A lot of the time people are just looking at markets that cash flow a lot but they don't see a lot of appreciation in their homes. 

If you want more information about this you can always reach out to me and we can have a more in depth conversation. Good luck with the investments and let me know how else I can help!

-Lexey 

Hey Noah!

Thank you for your service!

Finding a mentor is a personal thing and can definitely take some networking in your area to see who is a good fit. 

However, because you have a little bit of time in the military and may not have the flexibility to go to meet ups right now, I highly recommend using YouTube to help you learn in the meantime. Its free and full of SO much information. My Fiancé and I have learned almost all that we know using YouTube University. Some really great videos and people that helped us were BiggerPockets (there are a ton of videos/podcasts on there that you can listen to or watch), Pace Morby (he teaches a lot about creative finance and how you can use different tools to invest in real estate), I also really like Wholesaling Inc. (they have a podcast and YouTube videos). 

I hope these resources help and if there are any specific areas in Real Estate that you are focusing on and need recommendations I'm happy to help!

Good Luck!

Hey Adam!

The way that my husband and I found our first good off market deal was by driving for dollars for distressed properties. We started out by just writing down the addresses on a note pad and eventually pinning them on an app called deal machine. From there you can skip trace them to get the owners contact information and you just cold call them to see if they're looking to sell. It's definitely a lot of work but you can find amazing deals this way. 

I hope this helps!