All Forum Posts by: Mike Kehoe
Mike Kehoe has started 9 posts and replied 80 times.
Post: Best coaching programs / mentorship for real estate investing
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
We’ve invested in a few:
- Pace Morby’s SubTo is good to learn creative finance. The community is great and does a lot of deals together.
- John Martinez sales training is great for learning how to talk to sellers if you want to wholesale.
- We didn’t have a great experience with the Land Sharks course because it was very basic. Could be a good starter course for a new year, but I’d look for others.
Post: ARE THERE ANY REMOTE RE JOBS???
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Depends on your skill set, but there’s a lot of remote work opportunities in RE.
Our acquisitions team and transaction coordinator are all remote.
Post: Finding off market rehab property?
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Driving for dollars is a great, low cost way to start out.
Our team uses the Deal Machine app to capture dilapidated properties while driving. You can mail directly from the app, or skip trace and call/text. There’s a ton of content online on how to use it, but this is how I’d start if I were you.
Post: Is it better to be an investor who's quicker or smarter?
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Quote from @Natalie Godoy:
Quote from @Mike Kehoe:
Ideally, you're able to be analytical and move quickly, but that isn't easy if you're new and have never done a transaction.
To speed up your process, you should create a high-level baseline analysis that will allow you to approve or decline a deal quickly. If your quick analysis supports the deal, you move forward with an offer. If the analysis rejects the deal, you move on to the next.
For those that you get under contract, use the DD period to do your deeper analysis. Of course, you may lose the DD money if you put any down and/or earnest money in some situations, but I'd rather have a shot at a good deal and lose a small amount than a ton of money doing a bad deal.
If this doesn't sound like something you're willing to do, and you find yourself eternally stuck in analysis paralysis mode, partner up with one of the quick movers in your area and learn from their process.
Hi Mike! I appreciate you chiming in! Do you ever wholesale in Texas or only in Chicago?
I live in Chicago, but my wholesale business operates in NC. We don’t have plans to wholesale in Chicago, but Texas is on our future market list!
Post: Does anyone use EOS or another system to run your business?
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
We use EOS and don’t think we’d have half the success we’ve had without it!
Post: Is it better to be an investor who's quicker or smarter?
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Ideally, you're able to be analytical and move quickly, but that isn't easy if you're new and have never done a transaction.
To speed up your process, you should create a high-level baseline analysis that will allow you to approve or decline a deal quickly. If your quick analysis supports the deal, you move forward with an offer. If the analysis rejects the deal, you move on to the next.
For those that you get under contract, use the DD period to do your deeper analysis. Of course, you may lose the DD money if you put any down and/or earnest money in some situations, but I'd rather have a shot at a good deal and lose a small amount than a ton of money doing a bad deal.
If this doesn't sound like something you're willing to do, and you find yourself eternally stuck in analysis paralysis mode, partner up with one of the quick movers in your area and learn from their process.
What are the issues you’re running into? What are your strengths and what are your weaknesses?
Post: Excited to get started in North Carolina
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Welcome! We love the Triad for our own portfolio. Let me know if we can help in any way.
Post: How to narrow down an area to invest in?
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Neal Bawa's free course on Udemy is a really good place to start. Here's the link: https://www.udemy.com/course/r...
Post: Getting Started Wholesaling in 2022 (Atlanta)
- Wholesaler
- Chicago, IL
- Posts 84
- Votes 83
Quote from @William Palomino:
After watching many videos, driving for dollars, learning PropStream, gaining access to off market properties on the MLS, talking to local agents in my area, trying to figure out if Jerry Norton is actually a vaild source of information to learn from, I'm taking action to start my real estate journey through wholesaling first, and any advice or even letting me know if wholesaling is still worth the effort in this current market state would be very helpful and appreciated. I live in the Atlanta Metro Area so I know the competition is already some what steep, but that wouldn't stop my ambition or drive. Let's talk about it. Thanks
It’s worth it. We’re still averaging 10 to 15 deals per month and are expanding.
Pick a marketing method and focus on it. Once you have success and are an expert in one method, pour more resources into it or add another.
FOLLOW UP AND CONSISTENCY IS KEY. You’re better off lighting your money on fire if you don’t have a system for responding to sellers in a timely manner.