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Updated over 7 years ago,
Volume in South Jersey real estate
Hi everyone,
The ultimate dream for most investors is it to do high-volume of flips or rentals. So I want to do a post about what I do to keep up with the volume and also see what other investors do as well. What are the key things you look for? What are the key power players you need on your team? And how do you keep everything flowing?
I invest in South Jersey so for me, over the last year I have built a real estate team of four agents. They help me buy and sell my deals. I also have two Wholesaler's that are serious and send me good deals. I have also created a mentorship program that helps me find more deals and leverage out that whole process.
I also have a construction company. I have a project manager that runs it for me and we have multiple teams of subs to handle multiple projects at a time. This way I can do as many rehabs at a time as I would like. By keeping my project manager solely as a project manager and not doing the work he can manage many many projects.
I have my flipping investment company which holds all the properties, and loans, etc. The investment company is also responsible for all the marketing for all the flips, construction company, etc.
I have built a pool of private investors that help me fund my deals fully. And of course I am always building on that pool by networking, reaching out to other investors, hosting networking events, constantly letting everyone know what I do, and doing presentations on all my investments to potential investors.
I have another company that holds all my rentals, so that they are separate from everything else. They are maintained by my property management company. My property management company is run by a property manager that has been managing properties for a while. This helps me with getting loans from some banks because they want to see an experienced property manager.
Everything I have built also works with other investors helping them do exactly what I'm doing. This way I get other streams of passive income.
What have some other investors done to help handle high volume in real estate? Do the same methods work in Philadelphia? North jersey? Delaware? The Jersey Shore? I look forward to hearing everyone's responses!