All Forum Posts by: Ryan Beasley

Bryce Spraggins It is all about Lead Generation & Service. You just have to narrow down where you find interested buyers & sellers and how you can provide a excellent service in order to close them. Track your activities daily and keep track of your conversion rate (transactions/leads). TRACK EVERYTHING. There are many places you can find referrals/leads: Networking/Database Management - Go to events in your area and follow up with people to get to know them. FSBOs/XPRDS - Call as many as you can and track your conversions. Zillow - There's differing opinions on this one but it works if you are willing spend the money and time. Absentee Property Owners - You can go to listsource.com and get a list of all owners who own property in your area that don't live in it. They're more likely to sell. Set goals on how many calls you want to make a day and people you want to meet. Also, don't forget to get knowledgeable about Real Estate along the way and make sure you're not contacting anyone else's client. Message me if you want more info

Here is the info on the 8-unit apartment building. It is located by Westside High School in Augusta, GA. Here are the proforma financials for the past year given to me by the owner.

Asking Price: $330,000

Gross Rents: $56-57,000/year

NOI: $30-$32,000/year

Insurance & Taxes: 3,400 & 5,611.45

Estimated Cap Rate: 9.09-9.7%

They are all 2 bed 1 baths and 1000 sqft. He says that he is averaging 620/mth but considering the gross rent estimate he gave me it's looking more like $590/mth. He is currently managing the property himself.

He's replaced the roof, repainted the siding and refinished the parking lot & mailboxes. He said he's in the middle of getting a few tenants out and raising the rents so he's expecting a ballmark NOI around 35-40,000 in a few years. It's definitely something to look into to prove the numbers! He said he's not allowing access because he's done a lot of work in the past month or so and he doesn't want to disturb the tenants unless there is an offer or contract.

Amanda G. Hey Amanda! I've been here for a few months now. We should connect soon! What property types do you primarily invest in?

Ryan Woods What property types do you mainly invest in? I have a few deals on my table that I'm trying to move.

Your COC is your ROI in these equations. Unless you've done any upfront repairs on the property then you'd factor that in to your total initial investment

Jade S. Grovetown has blown up over the past couple of years. I remember when most of the area was nothing but trees! I saw where you said you bought a duplex in Richmond. Let me know what you're looking for and I'll add it to my mailing list!

Jade S. That and Harlem should bust open here soon, it's just a matter of time.

Brian Robinson There is actually a surprising amount of activity in the 30815 (Hephzibah) area as of recently, I wouldn't sleep on it. Have you taken a stroll through these areas to lay eyes on it yourself?

Myles Cardenas I went to Augusta University and the area surrounding it can be tricky. However, if it cash flows are up to your standards then I'd go after it, just ride down here and check out the area first or let me know so I can send you a video. My contact info is below

I was talking to a Franchise owner for Planet Fitness not too long ago and he mentioned a market analysis tool that his company uses to determine site selection. I can not for the life of me remember what the name of it was and was wondering if any of the other commercial brokers know any resources? Trying to see if something rings a bell!