All Forum Posts by: Matthew Vitlin

Like @Account Closed started with, you've got to figure out what your goals are, and the more defined the better.  From Financial Freedom to Positive Cashflow to Positive Cashflow of $4k per month, the more you can drill down the better.

Now you have your goal, how are you going to get there?  What are you starting with and where do you want to end up?  What are the steps you need to take to get there?

Keep in mind the above is really just a roadmap and not a business plan, but most people don't need full on business plans to get what they need.  Let me know if you need more specifics than what I've given you, I will be happy to help.

It depends on how hands on you want to be and how much you value relationships (hint: they are everything in business).

The more you do to help out your clients, the more likely they are to keep coming back to you for leads.  Plus there is always the chance that you will get something for helping to sell it.

@Aishah Amina If you have a qualified seller than the next step is to qualify their inventory.  Walk through the property and make sure it matches up to your metrics.  Then put together whatever teaser you have and blast it out to your list.

Welcome Brian, all the best to you.

Troll around the forums and the blogs, there is a lot of quality information floating around this site.

I'm not sure how things are in Maryland, as I operate in Texas.  But the hard money people we deal with tell people to get one of two types of insurance, Vacant Dwelling and Builders Risk.  Of the two, Builders Risk is more expensive and only covers you when you are doing rehab, which means you need to transfer to a different type while waiting to sell.  Vacant Dwelling is generally better, but I would consult with an insurance broker to see what your best options are.

If you are looking to flip a lot of houses then I would start buddying up to a couple of agents.  They might get you into better deals and out of them quicker.  They also have an easier time reasearching ADOM, or Average Days On Market, to help you find the areas and properties moving the quickest.

Hello @Ozell Lincoln, welcome to the site and to Atlanta, I've only visited once but it seemed like a great place.

Under the Community Tab click the Find Members link and you can search for people who are around you or elsewhere.  I would also recommend checking out Meetup to see what events are advertised in your area.

My company caters to investors and we have an office in Atlanta, I would be happy to make an introduction.

@John Ma I would say either get buddy-buddy with a Realtor or start building your own database.  If you are just looking in one area, start making of spreadsheet of what houses have sold for, how many beds/br and the sqft.  That info should all be public record and should give you a baseline for assessing deals.

Just like Michael said, if someone came to me asking me to run comps I'd want to know what is in it for me.  To do a solid job of running comps takes a little while, and if you aren't giving me any business or at least a lunch then why should I spend 15-30 minutes running comps for you?

It might be their responsibility to take care of the mice, depends on the lease.  But considering you own the property, you need to figure out if the mice are the fault of the tenant or endemic to the area/property.  You will be left with the mice if they fail to take care of it appropriately, and good luck chasing them down in small claims.