All Forum Posts by: Quentin Jivery

I have run into him from time to time over the years. Indianapolis Real Estate is a small group and I’ve never met anyone cheated by him. If he is selling a house you should feel confident it is what he says it.

Now with all wholesalers verify their rehab numbers or ARV. Those are always "subjective."

@Quentin Jivery If you are doing a BRRRR in your local market, have plenty of time and experience and can manage to find a good contractor, know how to accurately estimate ARV and rehab costs, you might be able to do a successful BRRRR but that's a big if. There are a lot of moving part and you have to get each one right to be successful. Most people are not able to do it. One of the biggest challenges you'll face today is finding and managing qualified contractos and trades people with today's labor shortage. Another thing to consider is that the market is changing which makes estimating your ARV more challenging. I don't want to discourage you but you need to go in to it with your eye's wide open and understand everything that can go wrong. Even very experienced turn key companies lose money on some deals. If you have a busy lifestyle and little experience, turn key may be a better way to go with a lot less risk. If you choose to go the turn key route, here are some things you should look out for and avoid in a turn key company.

• Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)
• Don't allow for your own independent property inspection
• Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)
• Require you to pay for any renovation upfront
• Sell only in cheap. low end neighborhoods
• Don't accurately represent the neighborhood/property classification
• Don't have consistent rehab standards for all properties
• Don't provide a scope of work for the property
• Can't provide references of repeat investors

@Quentin Jivery thanks for posting.  The best strategy I would suggest to you (and @Justin Parola too) is to visit your local REI groups. There are many groups that meet across the country. Some post here on the Bigger Pockets Marketplace. Many post on meetup.com. Even facebook will have some. Networking is always a great practice and you never know who you might meet there and what good information they have to share. Would certainly recommend visiting if one is close to you. For me, that's the best technique I have found to meet others and gain knowledge. Many of these groups will have a networking period of time and an educational period of time during the meeting. Those are the ones I want to attend personally. Hope all of that makes sense.

Yo Quentin I have a few years in real estate and, a little knowledge. Iif you want to call and discuss anything, just reach out. As Arnold's last rule says: "Give something back" 

• Trust Yourself.
• Break Some Rules.
• Don't Be Afraid to Fail.
• Avoid the Naysayers.
• Work Like Hell.
• Give Something back.

Thanks for the post, i just started in real estatemyself. Hows it going for you so far? Anything you gave found that works to find clients?

 I would start to go to as many networking events as you can. Look up who are successful big names in your area and offer to take them to lunch. You never know until you ask. It is always worth asking.  I like to try to set up every month a meeting with someone I think I can learn from or who could be a potential mentor. I always come full of questions and ready to learn. Many are specific to the individual that I am meeting with but there are some questions that I have taken from John Maxwells book "Good Leaders Ask Great Questions."

"You may want to use them too:

1. What is the greatest lesson you have learned? By asking this question I seek their wisdom.
2. What are you learning now? This question allows me to benefit from their passion.
3. How has failure shaped your life? This question gives insight into their attitude.
4. Who do you know whom I should know? This allows me to engage with their network.
5. What have you read that I should read? This question directs my personal growth.
6. What have you done that I should do? This helps me seek new experiences.
7. How can I add value to you? This shows my gratitude and desire to add value to them."

These can be a great starting point for you