All Forum Posts by: Randall Gonse
Randall Gonse has started 2 posts and replied 2 times.
Post: Home Vestors, is it a good entry point?

- Chesapeake, VA
- Posts 2
- Votes 0
I have been getting some general information on my local REI scene. I have found and plan on attending the next local group meeting and Ive reached out to a local Investor with some questions. Just so happens that person is a home vestors franchise owner. So among the answers I received one of them was their franchise may be a good choice if finding a mentor did not work out. I did some digging and received a good amount of info about the company and what it would look like to buy into the franchise. My questions for everyone here is do they have any experience with this company and would it be fair to consider this way of entering the REI world instead of seeking a mentor? My plan is to get into the the investor world this year and want to be in it for the long haul so I just want some advice/thoughts on this subject.
From what i'm Told the general marketing spend is between 3k-5k a month to find one viable deal. Generally there deals are direct from home owners and they shy away from MLS / Probate/ etc... Anyway, I look forward to yalls replies/advice.
Hello Everyone,
I am writing you from Hampton Roads Virginia. I am a born and raised local of the area which is rare due to our high military population. Out of high school I cut my teeth in the Transportation industry both global and domestic, following the footsteps of my Grandfather who was well respected in the business. I had always had an interest in Real Estate as my Aunt had been a real estate agent ever since I can remember. So, after seven years of working behind the desk I decided to start my career in real estate by learning it from the agent side of things.
I jumped into being an agent headlong and its been a great learning experience so far. My long term goal was always to transition into REI side of the business but I didn't want to jump into it too quickly. Being an agent helped me in learning market trends, neighborhood profiles, how to pull CMA's among many other things. I recently got a taste of this side of the business by purchasing a distressed REO for my family and I to fix and live in. The value was there and after only $15k in repairs we sit on $65k in equity. Now I am ready to get intentional with starting along the REI path. I have started listening to more BP podcasts, reading the UBG, and looking to get into the different books suggested on the site. I know I have much to learn and have reached out to someone who is a part of the local REI club here to see if mentoring would be a good step. I would love any suggestions on my journey to getting started. If there are any locals around my area I would love to hear from you also. As with my agent career I know this wont be a quick thing, but with preparation and hard work I believe this will start my journey to meet my ultimate goals for myself and my family.