New to BP from Ohio

[Dvorah K.]

Hi all!

Dvorah Kane here. Just want to start off with saying this site is fantastic! So much knowledge here!

I grew up in Dayton, OH and Wichita, KS and lived in Chicago for several years. My company is based in both Dayton, OH and Kissammee, FL.

My philosophy for any relationship is to be honest and transparent, and this goes for all business relationships as well. There just isn't time for BS.

I've been in RE for just over a year and things have just started connecting over the past few months. I would consider myself a newbie.

What I have focused on is building relationships with lenders and servicers to source bulk product and developing a small list of qualified buyers. It is a good pay day when a tape is sold and I like it. But it doesn't happen every week.

That is my background in RE, and I want to continue to do that. I also want to get into the following, although not all at once:

1. I recently stumbled across a few private money lenders and now understand the value of OPM! Wow! I can see how this opens up opportunities!
So I am ready to start finding great wholesale deals I can buy and do cosmetic to average rehab on and resale quickly under current market value. Anywhere in the US. The deal just has to be great and have a great ARV and meet our price criteria of buy and rehab being no more than $60k - for now.
My goal is to buy, rehab and resale 4-6 properties with each of these lenders within the next 12 months. If you can help me out here, PLEASE put me on your buyers list. Those wholesellers who really know their area and have a knack for getting really great deals that they too make money on, you get me pointed in the right direction - I will be back again and again, you will be stuck with me. I forewarn you though, I will probably ask a lot of questions. :wink:

2. I want to tie up the loose ends I am not quite clear on with 'subject to' deals and start marketing for those. I think the idea of getting to a seller BEFORE he is caught in a SS situation or FC is absolutely fantastic. The seller gets to sell with dignity, the buyer gets to buy a great home because of financing already in place, the bank stays in business, we get a bit of profit... I just see it as a win-win radiating in every direction.

3. I would like to ultimately get into wholesaling. Outside of the few properties I've cherry picked off the tapes that come in front of me from time to time, I have not wholesaled anything.

This would be my last area to get into though. In my humble opinion, it would take a lot of money to market to get continual leads in. I do not see myself getting into this until I see I have a considerable amount of money saved up for at least 3 months of continuous marketing and a staff trained on how to talk to the leads and process them. I would find it depressing to listen to all the owner's sad stories day in and day out.

Once I save up a considerable amount with the help of PMLs, I will be buying mini bulk tapes, rehabbing the assets and reselling them or keep and hold, depending on the area they are in.

There you have it -
My name
Where I am from
My RE background
What I am doing now and
What my goals are... well not in detail, I have a few goal lists short, medium and long - personal and financial. It is nice to see them start being realized.

I hope to one day soon to be able to start pointing people in the right direction - as so many of you have done already. Thank you! Happy investing!

:mrgreen: