All Forum Posts by: Antoine Martel

Anthony.

Once you have built up a list you can send them a letter in the mail telling them that you are interested in their property. There is no reason to ever get a realtor involved. When the person calls you back from your direct mail then visit their property and give them an offer. In that offer give yourself some due diligence time to walk the property and have an inspection done. If everything checks out after the DD period then close on the property and begin your project!

Cynthia. I have been investing out of state for the last year or so and it is great IF you have the right team on the ground and that is a large IF. I think it is a good idea that you are going out to visit. Kansas City has good rental market. If you are looking to invest in some value add projects out of state reach out to me and I'd love to work with you. I also live in LA.

Since there are no close laundromats then yes I would allow them to use it. Maybe you want to make a rule where they can only use them at certain times so that they will not wake you up. I think they will be courteous. 

Hello!

I would make both parties partners in the LLC of the project. Have the owner submit the land to the project for a set price. Then have the investors come back with the rest. Once the project is completed pay back the parties both of their invested funds and then split the profits in an fair way.

@Patrick Senas All of my investments are out of state. The numbers just do not work in CA and it doesn't make sense to spend all that money just for one rehab project. I have been able to created both active and passive income through investing out of state and it has been great. PM me and we can speak more if you would like.

Great question. Right now I would recommend investing out of state. The laws are in your favor and the cash flow is way better. I only invest out of state and live in LA. Connect and I can tell you what I do.

You make a good point and there are a couple of groups in Los Angeles that do this that I've seen through meetup.com

Cameron. Agents are a great resource to find deals to wholesale. I would connect with every local agent in your area and meet with them and tell them what you're looking for and they can start to find some leads for you. In order to give you my recommendations in my network I need to know where you're located and where you're looking for leads.

Originally posted by @Jose Guevarra:

@Antoine Martel what have you paid the realtor in the past? Thanks.

 $300-400/mo for the project renovations or a flat fee of $500 or 10% of project budget. 

Originally posted by @Rosy Bruno:

Thank you all for your warm welcome! I am very excited to get started.

Antoine Martel I know what you mean about those areas. Fresno is definitely on the up and coming and truthfully I'm surprised it's taken this long considering we are in between two world renowned cities. There has been a lot of city involvement lately, especially with our new major, and city plans look very promising in the downtown area. I'm currently playing the waiting game to see if anything is actually going to come of it. Where do you usually look to invest and why? What are your go to markets?

 Playing the waiting game there is fine and is a good idea but i'd recommend finding a market to invest in right now. I invest in cities like Memphis, Cleveland, Jacksonville, Indy.