All Forum Posts by: Nathaniel Hovsepian

Brittany would disown me if I fried up our beloved Lucy!

You are right @Jerryll Noorden, it has been too long since you ripped my site a new one. Got it scheduled for next monday! I will have my tissue paper ready

The program that @Jerryll Noorden has put together is designed to empower you to become a master in SEO. We have followed his program and are ranked for all of the major keywords you would hope to rank for as a real estate investor in the top 3 in our area. We are seeing leads coming in that are highly motivated to sell.

Jerryll really wants to see you succeed in your SEO efforts, and in your real estate career. His program does more than just get you to the top of your google rankings, it moves you higher up in your real estate game.

Sure, you can message me. 

Welcome @Ashton Askew. I am a local Augusta investor. We are primarily buy and hold investors, but do wholesaling, flipping and other maneuvers as well.  

I'm from southern california as well. Orange county. I bet La is rough right now

@Lauren C. The only ones I know of on the SC side are in columbia. Too far a drive for me, especially considering that I don't really want to invest out there. The 2 in the Augusta are that I know of are the Augusta REIA and AORE. I am not a member of AORE yet, but have gone to REIA meetups since last Oct.

They are pretty informative, and you can meet a lot of local investors there that are willing and able to help you in your journey.

I am coming up on my local tax auction an am very interested in a property that is going up for sale there. I am thinking that I will just attend the first one, and get a feel for the process and kind of test the waters before I make a purchase, but don't want to miss any opportunities that may arrise. 

In my county, there is a 60 day, or 12 month waiting period (depending on the type of levy) before you can do anything to the property.

During this time, what is to keep the previous owner from further destroying the house and wiping out your investment? 

Is there a way that you can protect yourself from such things happening? 

I would be curious to hear any other things to look out for when going to an auction, and things that you can do if you get the winning bid. 

@Todd Ayers Oh I see. Those numbers don't leave you much room for being able to take anything out with a refi, but that's totally ok. 

Like I said originally, you might just go about this process slowly and acquire a bunch of properties over time.

You can begin to rent it out now if you wanted. You don't need the property to be in your name to get a tenant in their. You would be acting as the landlord, while your mother would still be the owner according to the county. Obviously you would want to have your mom's approval for this situation.

If you wanted to do a quit claim deed and get the property in your name, that is a very simple procedure that will cost you very little at a title company or through an attorney (depending on your state).

If it were me, I would refinance the home, get a renter in there and get it cash flowing. Once you have a solid tenant in the home, and you are comfortable being a landlord, shift your focus to purchasing a new property that you can either rent out right away, or BRRRR. Don't forget that last R by the way. That's the repeat one!

@Todd Ayers you would be the one finding the deal and putting it all together. The money person is just that. All they have to do is pull the trigger on getting you the money (although rarely will that be the case).

In my experience so far, anyone who is putting their money at risk is going to be doing some due diligence of their own. This is especially true when you are first beginning to work with someone and they don't know you.

It sounds like you have a full time job outside of trying to invest in real estate. Let me be the first to congratulate you on breaking into REI though. Who cares if you are 47! If you just bought one solid cash flowing property over the next 15 years you would be positioned for a pretty decent retirement and not have to worry too much about money coming in.

As for the specific property that you are doing right now, if you are doing a rehab on it, you must be improving it's value no?

If you are improving it's value, then that means that you are going to have equity in it. What you could do, if the numbers make sense, is pull out some equity from it and use it towards another property. This is how a lot of investors are able to speed up their investment opportunities. We like to call this velocity of your money. 

I would love to hear what you are thinking about all of this.

@Albertinny Colin I was hoping that I would come to this thread and find a bunch of people touting DMM and cold calling, but @Brendan Lawrence hit this one right on the head. The only way other than PPC to generate leads is through a site that you have done solid SEO on and gotten to the top of that coveted first page on google. 

Like he said, you can go about this yourself, or hire it out. I decided to hire it out myself, just to take it off my plate, but I started doing it alone, and had great results. 

I would be curious to know what Brendan's numbers are, but I am currently around $300 per lead, and $2500 per deal. I am confident that over the coming month or so, that cost per deal number is going to go down due to closing another deal or two from my first months of marketing and so on.

Cheers!