All Forum Posts by: Avihay Ohana

@Craig Brandt

My VA dial to the Charlotte/ Gastonia area which is also a very tough market.

Our contact rate is about 2% and I hope to have 1 seller under contract soon.

As you can see, not amazing results and my VA is full time.

Speaking to other Investors, I hear that the cost of Acquasition with PPC and direct mail is about $2500-$3000 per deal.

@ryandossey just posted that his marketing company national average is 2500 piece of mail per deal. Because it’s handwritten, customize pieces, it cost anywhere between $1-$3 per piece.

2 contracts with $1500 budget is great!

Happy to connect and share insights regularly. I am sure we can both grow from it.

@Gerardine Tshouongang

Depends what your goal are? How much time you can spend doing real estate every week?

With my first $50K I bought on market deal then got the bag :) but you can do a log of different things with $50K.

I would starting with some reading and listening to BP podcast every day (on Spotify) it will help you understand more and come up with vision.

Doesn’t have to be a master plan. Could be buying 5 single family in the next two years. It’s possible with $50K

Good luck!

@Sarah Sanchez-Vega

Good for you girl! 👏

Here are the steps:

1. Read a book.

2. When you understand the basics I can hop on a call and explain you the buying process and what you should be carful of.

3. Find an agent who in your area who can help you look for properties with the right returns(you should gain the knowledge from the book what are the right returns and how to calculate them).

4. Submit offers and buy your first investment.

5. Hire a property manager to find a tenant for you and move on to the next deal.

* You most likely need your parents to be a guarantors unless you have all the money in cash.

Any advice on getting public records like probate, eviction, divorce?

@Jonathan Giglio

@Jonathan Giglio

Quick encouraging story:

I put 20+ (serious, above asking price) offers on properties in Charlotte NC.

One of the listings was for $200K, I offered $215K and the seller got 53+ offers ended up countering at $250K. I, of course, skipped.

At this point realized I need to find off market deals.

Joined Facebook groups, contacted brokers, and googles wholesalers in the area.

I closed on one deal last week and closing on another one tomorrow.

There are always deals to be found and this is by far the best time to invest. Interest rates have never been so low. Money is almost free! I highly recommend you start look for wholesalers in your area. Great way to start!

@Wenda Wang

I am out of state investor and 100% agree 😎

Purchase price: $76K

Rehab estimate $35K

ARV - $159K(across the street,

very solid comp!)

How did I find it?

Consistently checking Facebook investor group for wholesale deals.

Put offers on 20 houses before getting this one on Christmas Eve when everybody away.

How did I finance it?

Hard money lender.

It took me about a month to find someone like him. (I searched for the right lender before getting started)

He runs no credit and needs no appraisal.

He only asks for address, Pictures, rehab Estiamte and your experience. If it’s a good deal he will fund it.

I prepared a deal analysis power point that look professional.(Thank you @brandon turner for the advice!) and assured him the estimate rehab is accurate (full inspection was done).

Due to the above and Despite the fact that it is only my second deal with him he was willing to fund 95% if the purchase and 100% of the rehab💪💪💪.

Key take aways:

1. Mitigate risk- As an out of state investor buying property based on pictures I wasn’t willing to pay $3K DD. I agree with the wholesaler to put $1K down and $2K more once inspection is done.

Turns out the roof he told me was 2016 was crap and need to be fully replaced. After a week of back and forth I was able to negotiate down from $80K to $76K.

2. Know your area

and keep analyzing deals-When time comes to pull the trigger you will be able to do it with confident and the seller can feel it. I put money down the same day he posted the deal.

3. Build relationship with the right lender before looking for a deal. This is super important and should be the first step before looking for a deal(if you don’t have all the cash to invest).

* The project is not done, I still need to finish Reno and refinance but things look pretty good 👌.

I am less than a year into real estate but feel very lucky to find BP podcast and all the amazing information we are given here.

If you feel like I can help you somehow. Don’t hesitate to reach out!

Hi Danté,

I live in NYC and invest in Charlotte. Happy to connect!

@Brian Adams

Very inspiring, do you invest in PA only or other states as well?

@Reed Kelly

I hired a full time employee.

She has two years of experience cold calling for wholesaler in Dallas.