All Forum Posts by: Trevor Asay

I have some experience in construction, but it’s been ten years. I often need to know the costs of major renovations but I don’t want to always be getting bids and not giving the work to contractors if/when I need to exit a deal on contingency. Sometimes the work is more extensive than I’m able to take on or there’s too many unknowns. How do you get these numbers without irritating these guys that are already pretty busy? Thanks

@Jaysen Medhurst thanks. I’ll look into countertops. That’s an oversight. I think this will sell for between 110k and 150k. List price is 160k.

Hi, I'm Trevor and I never did post a new member intro. I just purchased my first buy and hold investment (from another BP member actually). I'm interested in buy and hold, multifamily properties, and I am just starting to think about rehabbing properties. 

I live and work in the Pacific Northwest. I am a realtor full time and am the leader of our team. We do mostly SFR for buyer/sellers in the Tacoma Area, South of Seattle. I'd be interested in connecting with like minded, can - do personalities. I'm always in need of great contractors, hard money lenders, and people who are driven to succeed.

I have a special interest in systems and things that scale. I use cool programs all the time in my business and I'd like to bring those into my investing business as well. 

Please connect with me. Best regards and here's to continued success!

Trevor

Hey what's up BP community. I'm a local real estate agent and investor. I've never done a rehab but I'd like to. I feel like when I work up the numbers, they rarely work out and I'm afraid I may be missing something. I don't have my own cash yet so I'd be working with hard money, which is expensive, like 12% plus 2 points I believe. 

I walked through this property, which is a basket case. My brother in law is a GC and we talked some numbers. We're probably erring on the side of being conservative with costs here but I think it's going to take a lot to turn this one around. 

My GC would have to sub out some stuff like electric/plumbing, but I think this house is probably going to sell for a lot more than what I have as my purchase price. 

Do I need to adjust my expectations of what kind of profit I want for the risk, or am I just way overestimating my costs? (I know you don't know my costs without seeing the property) This one is on the market, I can come up with a plan to find off market deals in the future, I'm just trying to understand the numbers. Any help is appreciated. 

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Thanks for the info. I’d also recommend a program like Zapier for pretty much anything to do with data entry. For example, they’ll link your lead forms to your database and just enter everything automatically. If you need data to go to multiple places, this may be a good option. 

Thank you for all the input. Much appreciated. I like the idea of hiring directly. I've heard of last pass so that's a option. Appreciated!

Does anyone use a virtual assistant? My main questions are:

1. How can I easily give access to passwords? (I use a ton of online tools)
2. How can I pay them?
3. Has anyone had any luck with any of the services? 

Thanks,

Trevor

Thanks for the feedback. This is great. 

I’m looking for a source to get phone numbers of the actual owners of multifamily properties. Does anyone have a good source or service that would provide numbers? Thanks

@Bob Faulk I’ve got several very solid lenders that I can point you to. Also, my company recently purchased a Mortgage company that has zero loan fees, but I don’t know if that applies to Multi Family. Call or text and I can get you more info. Ps. I’m also interested in Tacoma Multi family for myself. Thanks.