All Forum Posts by: Ava Yuergens

Hey everybody! My name is Ava Yuergens. I started my investing company at 15, and now I am 17 with over 900K in residential real estate! I also have a short form content editing business as well (Instagram reels, YouTube shorts, Tik Toks). Building your personal brand in our industry is so important, and it has never been easier than right now! If you guys want to build up your personal brand, but dont know how to edit or where to start just send me a message! 

Hey guys! 

I have been struggling when it comes to getting leads for flipping. I was wondering what is your guy's favorite marketing technique when it comes to finding flip deals. Who do you target? Do you use any specific online service to get your leads? What has been the most effective method for you? 

- Cold calling 

- SMS campaigns 

- Direct Mail 

- Bandit signs 

- Driving for dollars? 

I recently got a poperty under contract in the Smoky Moutains, TN. For my short term rental I want to have a rental agreement. I would prepfer buying a template opposed to writing up a contract, but I am at a loss of where to find a good quality STR contract. I am a huge fan of the short term rental invetsors Avery and Luke Carl, as well as Robert Abasolo, and I especially like thier rules and regulations when it comes to short term rentals. Does anyone know where I can find a contract similar to thier morals (that suits the location of the smokies) to get reviewed by an attorney? If so, it would be greatly appreciated:)

I am commited to buying a Short Term Rental, I have done my research and am ready! The only question/concern I have comes down to the market. I want to purchase a cabin in The Smoky Mountains, TN. The only concern I have is its a popular market for STRs, and I am concerned the market is too saturated with STRs to make money. Be honest am I just overthinking, or is this an acutal concern? I appreciate any and all responses!

Thank you so much!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in West Allis.

Purchase price: $175,000
Cash invested: $42,041

This is my first investment property I will admit its not a home run but definitely a solid base hit. I got this deal cold calling (therefore off-market). To finance this deal I used a co-signed loan, since I am 16 I am not allowed to get my own. I have a property management company hired and its still has pure cashflow of $260 a month. I can't wait to get more deals!

What made you interested in investing in this type of deal?

I have a goal of getting a minimum of 30 units by 18. I knew I needed to get at least a base hit of a deal so I could get into the game, therefore I was on the hunt for small multifamily and while me and my partner Ben were cold calling the owner was ready to let go of his duplex! The rest is history.

How did you find this deal and how did you negotiate it?

Me and my partner Ben were cold calling and the owner was ready to sell his portfolio due to wanting to focus on his kids. He was set on $175000. My agent did most of the negotiating, and we were able to get the agents commission off the purchase price.

How did you finance this deal?

I used a co-signed loan me and my partner Ben brought the deal, knowledge, and hustle! My dad brought the loan.

How did you add value to the deal?

Both units were renovated a couple years prior, and when we got an inspection only $500 dollars worth of repairs were needed! Therefore not much value added.

What was the outcome?

Understanding the step by step process od investing, and getting experience for doing a deal. KNOWLEDGE!

Lessons learned? Challenges?

Finding property management company, how much paperwork is required, finding a deal, and how much waterproof paint burns your eyes.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with attorney Taylor Rens (awesome guy), and agent Colin O'Neil bright young agent on the Jim Gracie team at Reality Executives.