All Forum Posts by: Anna Washburn
Anna Washburn has started 6 posts and replied 27 times.
Post: Philadelphia Home Inspector
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Hey Leo,
We have some great connections since we work with investor throughout the city, let me connect with my team and I'll reach out to you.
Post: How would I bring value to other investors when just starting?
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
I struggle with the same thing. I am a new agent pitching deals to investors, who have years in the game, all while trying to grasp the concept of everything (I mean everything, I worked in Supply Chain before). I have had investors laugh at me after they asked about my experience and leave meetings. On the other hand, I have had investors sit down with me and explain deals. I think some forgot that they were once new to this game as well.
What helps me is, I ask a lot of questions ( even if they are found on google) because every investor looks at the same deal differently. Just asking one question can start a conversation, which could grow into relationship/mentorship. I have walked into Networking meetups saying, "I'm new, how did you get started? How did you overcome said obstacle? How do you find deals?" If the investor blows me off because I'm new then that's not someone I want to work with.
The biggest thing is just get out there, get comfortable with being uncomfortable. Your value is you!
Also, I have learned a lot from the posts on bigger pockets. The men and women on here have a lot of knowledge.
Post: Insurance Agent, Landlord, Real Estate Salesperson
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Hello and welcome to bigger pockets! I am newer to this site as well and have learned a lot.
Post: Anyone have experience in buying a laundry mat?
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
I'm thinking about buying a laundry mat, but have no idea where to start. Any tips would be greatly appreciated.
Post: Just saying hi, I’m New in here!!
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Hi Andi!!
Welcome to Bigger Pockets. Let's connect!
Post: Not started, yet but ready for action!
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
reaching out to you now
Post: Does anyone invest with Fundrise?
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Read an article on Morning Brew this morning regarding Fundrise, with some impressive stats. As a newer investor, what does the Bigger pockets community think about Fundrise and if you don't invest there, where do you?
Post: Thoughts on changing Strategy?
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Quote from @Jaron Walling:
@Anna Washburn There is no rule to determine the ARV in this climate. It's purely based on comps but the comps have downward pressure. We're seeing $10-15k price reductions all day long then they sell. Luxury properties are not moving at all. We recently bought a distressed SFH (well under ask) with the ideal goal to buy/hold. Staying within our budget the strategy hasn't changed. I'd love to actually SELL something but now it's unpredictable. The interest rate hikes and subsequent price reductions could turn our 3 month rehab into little profit. Factor in holding costs, seller commissions, etc. and we could work for free. This is a business not a charity.
Like others mentioned and I really agree with @Jon Q. comments if you're not buying correctly don't buy. If you're not running numbers conservatively don't buy. If you don't have 3-6 months of reserves on day 1 don't rent.
Thank you!!!
Post: Flipping in the new market
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Look for properties that look good for both strategies.
Im looking for properties that my investors can get tenants in right away, then once interest rates start to decline, flip it.
With the inventory you have now, can you rent any of them?
Post: Use a HELOC just for down payment or purchase in full?
- Real Estate Agent
- Philadelphia, PA
- Posts 32
- Votes 19
Quote from @Kevin Woodard:
Quote from @Anna Washburn:
Can someone explain the difference between HELCO and hard money?