All Forum Posts by: Noah Wasserman

 @Gavin Welch knows it very well! 

I have a lot of experience with out of state investors. I specialize in flipping for out of state flippers. One thing I will mention is that you should go more 'retail' with your contractor as mentioned. Make sure that the contractor values investors. One thing that I see, is that a lot of GC's are greedy, and don't respect long term clients. If he understands that you are a wholesale customer ie, will do quantity, than he should treat you that way. You should have slightly lower prices, and he would not want to make a stupid mistake and screw you. Another thing is that with a great contractor, you would not need a project manager. You might want to ask your real estate agent, and if you don't have one, find one that you promise will get the listing, and let them just check on your first project. You can also get your contractor to get you weekly updates with pictures that help. 

If you are located in Florida (West Palm Beach, South Florida, or Port St. Lucie) let me know and I can help

I don't know what area you are in, but from my experience, I agree with the contractor route. Let him manage the whole project. I noticed that people who are great at buying houses, should not spend the time rehabbing the house. Originally I wanted to be the 'guy' buying the house, but realized my strong suite is tailored to the construction side. So doing that, I have taken investors in my area from 1 flip a month, to 5 flips a month. They just keep buying. If you find a great contractor then you will be able to scale your business, and that's what really matters. You also won't need to hire a property manager, if you use a great contractor. They will realize that they will make money on repeat business and therefore do a great job at managing the property. 

Another thing to note, contractors make more money the more work they do for you. If you get a great contractor that knows that your repeat business is valuable, he will make sure that he will only do work that will make you more money, and not just recommend things to do because he will make money. 

Make sure your values align with his.

Hey @Lilach A., I have been asking myself the same questions about buying in Boca. Regarding your last question about buying a rehab or a turnkey investment, I heard in David Greene’s book Long Distance Real Estate Investing, that it’s perfectly fine to buy a turn key property as long as the numbers check out. 

@Jon Huber this is such an awesome event!

Is the zoom going to be recorded?

@Dominique B. Thank you so much for sharing your first deal! I have been getting a bit frustrated trying to figure out how to put the pieces together for my own first deal. I just opened up BiggerPockets to start reading and thank G-d I stumbled to hear someone is accomplishing the same thing that I want to do. Seeing this I know its possible. Now I have some more courage to keep on trying, calling, and making offers.

Can’t wait to share you my first deal!

@Maxwell Coleman

I am new myself, but one thing I have heard is that if you are in the apartment space, being in touch with a really great property manager will not only help you manage the building that you will acquire but often times they could bring you leads to a building for sale.
If you haven't yet, listen to podcast 308 about Sterling White. He describes his method on how to find leads and follow up with them.

@Jason Hull thank you so much for this information! I’m going to start with cold calling for rent by owner properties found on facebook! Just wanted to let you know I appreciate the help, even if it’s from a post you took the time to write years ago :)

@Nina Granberry Thanks for sharing these tips. I am trying to get my first property and hearing success stories like yours helps me know this is possible. As someone not surrounded physically by successful like minded individuals, hearing you speak enables me to have that circle of like minded individuals that can help each other push and get to our goals!

Can't wait to share with you my progress!

Lets connect. I have some guys who would love to take you up on the offer.