All Forum Posts by: Sam Valme

@Dev Hornthanks for your input! I definitely can see how MLS deals can be a bit over saturated. Even if you find a deal theres a good chance someone else is on it as well. The last thing you'd want to get into would be a bidding war that took you out of your criteria.

I am interested in the idea of direct mailing owners that have  equity. I guess to refine @Account Closed's question: #1 How is it possible to get the mailing information for current owners? #2 How would I know if they had equity?

P.S. Guilty as charged on the Engineer piece lol. 

@Owen Dashner thanks for the input! That makes a lot of sense. So lets say they accept your offer. At what point is it "under contract" and exactly what does that give you the liberty to do? I'm assuming its the grey area where they've accepted your offer but no money has been transferred?

Business Plan Saga:
PT 1/5: Capital Acquisition
PT 2/5: Market Analysis
PT 3/5: Lead Generation
PT 4/5: Lead Analysis
PT 5/5: Lead Conversion

Business Plan Saga:

PT 1/5: Capital Acquisition
PT 2/5: Market Analysis
PT 3/5: Lead Generation
PT 4/5: Lead Analysis
PT 5/5: Lead Conversion

Business Plan Saga:

PT 1/5: Capital Acquisition
PT 2/5: Market Analysis
PT 3/5: Lead Generation
PT 4/5: Lead Analysis
PT 5/5: Lead Conversion

Business Plan Saga:

PT 1/5: Capital Acquisition
PT 2/5: Market Analysis
PT 3/5: Lead Generation
PT 4/5: Lead Analysis
PT 5/5: Lead Conversion

Business Plan Saga:

PT 1/5: Capital Acquisition
PT 2/5: Market Analysis
PT 3/5: Lead Generation
PT 4/5: Lead Analysis
PT 5/5: Lead Conversion

Hey BP Family! This is the last section in my new business plan methodology. The first post can be found here: PT 1/5: Capital Acquisition. This section is arguably the most important because this is where we actually put the rubber to the road. We've gone through and Gathered Capital, Analyzed The Market, Generated Leads, and Analyzed Our Opportunities. 

This is our conversion process. There is TON of gray area in this section. Once again, I just want to validate our methodology. Make sure that we are headed in the right direction. As, there are a few questions I'd love to get some veterans options on. Thanks so much for all of the help!

• Buy
• Present offer w/ Contingencies (Home Inspection & GC Contractor Inspection)
• Home Inspection -Verify unknowns not determined in Lead Analysis
• GC Inspection - Verify Rehab Budget if project requires extensive work.
• Rehab
• Hire Contractors in correct order (GC if large project)
• Pull permits w/City if necessary
• Oversee rehab projects to meet timeline and QC.
• Rent
• Hire Property Manager to list property and lease.
• Refinance
• Pull out Investors Capital, Profit and put under long term loan.

OR

• Flip
• List with Agent
• Finalize contingency to convert to Hold. If necessary.

Questions:

1. What are other contingencies that should be in place with an offer?
2. What would constitute a "large" enough project to bring in a GC?
3. What is the correct order to hire contractors?
4. What happens if the Property Manager can't rent out the property?
1. How long is long enough to fire them? 1 month vacant? 2 months?

Hello BP Family! We're almost done this saga! If you've looked over each section I can't thank you enough for the help! If you're just seeing this one you can go to PT1/5: Capital Acquisition to get some background. 

This section is the shortest and just has to do with Lead Analysis. The tools take care of the majority of the math. I'm looking to make sure my methodology makes sense. What other steps could I be missing or have I overlooked? Thanks again for the assistance!

• BP Rental Analysis & BP Flip Analysis
• Run against market analysis determined IDEAL criteria
• Build Rehab Budget
• Determine Rental vs. Flip.
• Build contingency to convert to Hold if Flip does not sell.

Questions:

1. What are good maximum distance parameters? <1 Hours Distance from reliable agent or <2 Hours from local office?
2. What are some averages to work off to determine rehab requirements?
3. What is the best way to try and determine capital expenses before an offer is made?

Hello BP Family! Thanks for taking a look at my elaborate thread scheme here! For some background you can start at PT1/5: Capital Acquisition and get some details.  In short i'm trying to get some feed back on a new business plan for my company. 

This section is in regard to lead generation. The previous sections go over the Capital Acquisition and Market Analysis phases of our process. This step is for lead generation. There are a TON of different ways to learn of opportunities. I have a couple of questions but overall please take a look at our current method. As always, any feedback is appreciated and thanks in advanced!

• MLS
• Real Estate Agents in Market
• Zillow, Redfin, Realtor.com
• Direct Mail
• Targeted for specific demographic once determined by market analysis.
• Direct Network (Word of Mouth & FSBO)
• Attend local investing clubs/Vet Legitimate clubs in Market
• Bigger Pockets Forums (Market Place and Market Specific)
• Foreclosures, HUD Homes, and Short Sales
• Agent who specializes in working with investors that can funnel deals and make multiple requests daily.
• Web Advertising
• Website and Facebook page with message on Buying Homes.

Questions:

1. What are additional methods of analyzing the MLS? Outside of an Agent and the Website listings?
2. How would Short Sales play into private investing timeline? i.e. If Short sale is 9 months. Should you collect the money from the lender when you offer on the short sale or when you close?
3. How are direct mailing lists generated?