All Forum Posts by: Andrew Cosker

Hello BP community, I have a colleague colleague who owns a couple 3 family units in Waterbury CT and looking to outsource the responsibilities to a very reliable and professional property management company who services that area. Any one local who can recommend a good company who services Waterbury? look forward to any insight or recommendations you all may have. thanks Andrew C.

@Jack Bailin that sounds like a solid strategy to get you going and get "your feet wet" Persistence is key and taking action is huge, sounds like you're on the right path.  I look forward to hearing your future success! Sikorsky doesn't sound like a bad gig either.

Thanks for the advice @Ray Lai That is a big thing as they say your network is your net worth. I'd like to make it a point to find the BUYERS and get there criteria to better fit there needs and build a presence in my market.

Hello Everyone! 

Seeking any Wholesalers in Connecticut who have any recommendations for a closing attorney who will do assignments and is investor friendly especially with wholesalers. I'm active in  all of CT but am heavy in Hartford County.  Any suggestions or advice would be greatly appreciated.

All the Best!

-Andrew C.

3) the more equity the property has the better it is, but there may be ways to get creative with some leads that come your way which I can't really elaborate on since I'm not too familiar with these. my marketing criteria for me personally targets owners with plenty of equity. minimum of 10 years ownership. 4) for a phone system there are options out there. Google voice is a free service you can use and have a number they provide route to your phone. I use a service called call rail that is a monthly service that gives me 10 # and texting through these numbers and it routes to my personal phone. they can't be linked back to me for my bandit signs for example if the town is trying to find out who it is. it's also great to track where your leads are coming from so i will assign a # to each campaign like bandit signs or mailers and I can see my response rates through this system. I love it and use it everyday. I'm not affiliated with call rail at all just a very satisfied customer! cheers -Andrew C

Hi @Keith Stewart I'll shed some light from my experience and what I have done. I'm sure there are more experiences veterans in the game that have different views and strategies. 1) I personally love to network with other wholesalers and investors. if I see a sign I'll call them up and see if they're looking for fix and flip properties for themselves or just wholesaling them. I have had people who are fix and flip investors using the signs for that purpose. either way I don't think it is a bad idea to network with local investors in your area. 2) The contract I use is a pretty straight forward purchase and sales agreement with and or assigns and some language that's an out clause. If you have a local real estate attorney I would recommend finding one who is investor friendly and can draft one to your specifications but I'm not an attorney and won't give any legal advice on the contract itself.

@Andy Pate Id like to connect and stay in touch. if you're starting out wholesaling that's my current focus as well. although, I'm in a different market id like to hear your experiences and strategies and vise versa. I'll stay connected. best of luck !

@Filipe Pereira where do I find the schedule for the meetups so I can get involved? @Jack Bailin I'm really interested to hear what kind of investing you're involved with currently here in CT and if I can help with anything. I hope everyone is having a Great day!

Thank you all for the warm welcome. I'm exited to be apart of the community here and dig into the forums and get active! @Jason A. Glad you asked. My meat and potatoes consists of direct mail which is nothing new and around before my time, I find this yields me the best and most leads. I target a specialized list. I also use guerilla marketing tactics as we all know of such as bandit signs on weekends around major intersections and shopping centers where a lot of traffic is. I have been getting a good response rate from both avenues. getting involved with PPC (pay per click) campaigns is something I do want to get involved with soon to see how that works as well. Another lead generator for these off market deals are networking with landscapers, painters, town workers who are out through neighborhoods all day and offer a referral fee at closing when the property closes. I also look for vacant properties myself as well and do skip tracing to find the owner. Along with FSBO calls throughout the day to talk to sellers and see there motivation. It comes down to a numbers game and knowing your response rates and conversion rates into deals. so if you know on average it takes 25 leads to land 1 deal then obviously you would need to have your marketing reflect these #s to have a. chance to getting a deal. Not easy but I enjoy doing it and learning a lot as I go. I hope I could answer your question and not stray from it too much. it comes down to a lot of communication with sellers to find out the real motivation behind selling and although at the end of the day the goal is to find a property with enough equity for my end buyer and a spread for myself I try to make it a win win for the seller as well.

Hi Andy, 

I love the energy you're putting out and the excitement you have to drive you! I'm in CT. I'm new as well and taking the route of wholesaling to begin and just taking action has been huge for me. With that alone alot of things have fallen into place and I have picked up more knowledge from my little experiences so far! I look forward to hearing you journey and seeing where REI takes you. I wish you all the best and if there is anything I can help with feel free to reach out anytime.

-Andrew C.