All Forum Posts by: Veronica Olvera

Hey Adam,

I'm interested to know how this deal works out for you, so keep us posted. 

I'm new to REI and looking for my first wholesale deal as well.

I'd be interested to know how you derived your estimates: pulled comps, rehab costs, ARV, sell price, potential profit for you, etc

Also, you mentioned this lead came through from direct mail. Did you do your own DM campaign or did you use some of the pros/automated systems out there?

Thank you @MichaelQuarles for the detailed steps on using ListSource. I'm a new wholesaler in  the San Antonio Texas area and I've been researching the best marketing approaches, one of which can be using list providers and DM (Direct Mail) campaigns. So far I've seen that ListSource and Property Radar can be a very helpful tool if you know how to use them. 

"I have been doing research and reading every chance I get. I have listened to endless Podcasts. It's time for me to get out and see how it gets done, and just do it."

I'm right there with you Stephanie...I'm in the same exact boat as you...I know I'm ready but I also know that I shouldn't attempt this alone. I'm looking for someone to give me an opportunity to learn the business under them. I've found that by attending some local REIA meetings that there are several people willing to help, but making that first move on my end can be difficult.

I'm currently looking for a wholesale mentor in the San Antonio Texas area.

I would say just keep trucking and soaking up as much knowledge as you can and hopefully someone in your area will be willing to mentor you.

Good luck!

I have colleague at work that is looking to sell his home. He's attempted to contact several contractors all to no avail. He's also not happy with his real estate agent and is fixing to drop them. He also asked me if I knew anyone that could help him sell his home. He's not so much concerned with selling quickly as much as he is wanting a good deal on selling the home because he is willing to put in the cosmetic upgrades. I feel this is a great opportunity for me to get involved in a real estate deal but I am unsure how approach the situation. Mind you that I am a newbie to REI here in San Antonio. My questions are: 1) How do I approach the situation? 2) How can I help him? 3) Should I reach out to some contractors or realtors here on BP to see if we can work together on this deal? 4) What would be step one in a scenario like this? 5) Should I even get involved since it is a work colleague? Any assistance or advice would be much appreciate!

Still getting some awesome posts!!

Thanks so much guys!!

I'm really enjoying the BP Community thus far.

Wow! Thanks for all the great comments guys!

I really appreciate all the tips and references that were posted.

Wishing everyone continued success in REI!!

@Chad Clanton thank you for the warm welcome!

I just recently joined your San Antonio Real Estate Investors' Discussion Group on 

Meetup

I'm planning on joining one of your meetings very soon.

Hope to get some one on one time with you and learn more from the group.

@Andrew Davis thank you for the warm welcome!

I've already started looking at the 'Start Here' on the BP site.

I definitely hope to take full advantage of what BP has to offer.

Hi there BP Community!!

My name is Veronica Olvera, I'm 32 years old and a complete newbie to real estate investing. I'm currently a Software Engineer for the United States Government that specializes in Cyber Security. At this point in my life, I'm not looking to quit my job because I thoroughly enjoy the field I am in. I have always had great interest in real estate investing since my mother used to be an agent for 10 years or so. As I have gotten older and started my career I've realized how important it is to have multiple streams of income. I feel that real estate investing is great way to achieve that goal. 

For the past 4 months or so I have been reading books, attending workshops, listening to podcast's (thanks BP!), and reading everything I could find on the internet about real estate investing. I really want to educate myself before I just jump into this. Lately, I have been learning more about wholesale and I feel this is good starting point since it requires little or no cash. I know there is a ton of work that happens behind the scene and I'm willing and determined to do it. 

Ultimately I'm looking to start a small real estate investing business that specializes in rehab and wholesale.  My sister and I have talked about becoming partners so I'm hoping we can take on the San Antonio market and become successful. Some goals that I have set for myself are:

*Become an avid member in local REIA groups

*Start a real estate investing company in the next 3-4 months

*Get my first wholesale deal in the next 4-6 months

*Build long-lasting relationships through real estate investing

I have a deep passion for building relationships and I'm hoping to establish some great ones here wth the BP community!!