All Forum Posts by: Scott Jordan

@Cardell Beasley, as a general contractor who has worked with a lot of investors and worked on a lot of flips, you should definitely ask them a few things because things are quite busy right now.  

• Do you have time for your job?  
• How many jobs do you have? 
• Do you subcontract your work or do all the work yourself? (if he does this may allow him to do more jobs than just yours but may also add to the price of your investment)  
• If they have worked on other houses or do this regularly  ask for references and photos. Anyone who is proud of their work will have photos and a list of references
• Also once you get quotes from a GC make sure you get DETAILED quotes.  make sure they are not swapping out poor materials for your job. 

This is only a few things but I hope this helps,  feel free to reach out with any other questions.

-Scott

Jacob,

As a general contractor and  a property manager I would suggest digging into bigger pockets website & podcast, reading up on property types that interest you and get you excited.  Being an inspector takes a good amount of construction knowledge and local code knowledge which can take years to accumulate.  I think there are much better ways to spend your time if  you want to get more involved in real estate.  I would suggest figuring out what type of investor you want to be and then finding out as much as you can about that investment strategy.  There is so much info on this site and on the web you will be better off in the long run if you do that. 

Good luck.

@Pablo Pinasco I don't do a ton of work up there but I have a referral for you if you still need someone.  PM me and we can discuss it.

@Justin Silverio Thanks for the feedback.  I am growing my property management company as well as setting up leads for motivated sellers.  In your experience the letters work better in most markets for finding the motivated sellers?  Do you think that postcards would be the best way to go to target say absentee owners that may need a property manager or would letters work better for that as well?

@Ray Lai Thanks for the advice.  In my search for a company I have seen that there are companies that help with the list as well.  How would I be able to tell if they have a deal with the list provider?  Thanks for the advice.

@davidlaplante thanks for the detailed response.  Great advice.  I have heard that you have to stick with it for you to start to see the returns.  With your last comment at the bottom are you saying that it may be best to test out 2 different "styles" of postcards and seeing which one works best? Thanks again for reaching out!  

I'm looking to start a direct marketing campaign.  I am looking to do postcards.  Is it best to pick a one stop shop vendor that designs the post cards, sends them and creates the list or should I get the list from a place like listsource?  Any advice would be much appreciated.

@Basit Siddiqi  I appreciate your input.  Exit strategy is an excellent idea to have in the operating agreement. Ill review it and make sure there is something in there for that.  Thanks again!!

@Jeff V. thanks for the advice.  I'll make sure I include some of those things and will have my CPA take a look at it for sure.  Much appreciated.

Garlin,

When you are looking for multi family properties I have found that the Calculators at Bigger Pockets are great for getting some quick answers.  There is one specifically for Rentals and it will make you answer some standard questions regarding the property.  It will help you get a handle on some of the things you want to make sure you take into account when analyzing a deal like capital expenditures, vacancy and property management.  I live in California as well and prices are crazy but if you are looking to house hack then sometimes the numbers start to work better if you start looking at 3 or 4 unit properties... If the price is right.