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Updated about 6 years ago,
Hiring a VA, when, how and why
If you are new to investing, one of the first things I believe that you must do is hire a VA.
Here's 3 reasons why:
- Immediate ROI
- Allows you to scale your business quickly
- Frees up time and allows you to work on the more (most) important task
Here are some of the task that I have my VA perform. While there's much, much more that they can do, this is a start.
- Make MLS offers (I use a specific LOI here and she formulates the offer based on a %)
- Post Craigslist ads to build a cash buyers list
- Reply to sellers on Craigslist requesting more info to start the qualification process and establish a level of motivation
- Post leads to Podio via Ring Central (lead intake #)
Here's a 30 day cost and return cycle using a VA.
VA cost for the month- $480
1 Wholesale Contract - Net $6,000
1 Rehab/Flip Contract - Net $40,000
1 Mobile Home Purchase and Resell (still working on this one) Net $5,000
Everything was run through a free version of Base Camp, Craigslist obviously free, Gmail account that she has access too...also free.