All Forum Posts by: Brandon Rush

Hey @Errol Sadler - We haven't closed yet, but I'm thinking about using it as a house hack STR instead of padsplit now. If I switch up again, I'll loop back to this thread and update y'all!

@Rick Baggenstoss - thanks so much for sharing your experience. That's really helpful. Are you referring to Josh Stanton, the real estate agent? I just googled "Josh Stanton real estate" and he popped up. I'll definitely reach out, if so!

Hey team,

I'm looking into buying a property in ATL and using it as a Padsplit because I love the potential to make greater returns with their rent-by-the-room model.

The big hesitation for me is that they screen and place tenants, but don't manage evictions. Giving someone control over who gets into my property while maintaining responsibility of kicking people out seems a bit risky. The rep says that evictions only happen 3% of the time. That's low, but not zero!

I haven't heard from an actual owner of a Padsplit (reviews from tenants are hit or miss). So, would love to hear from this investor community!

Hey all -

I'm just getting started doing outbound wholesale prospecting in GA and I'm looking for a script practice partner.

I've done cold prospecting as an agent for the past 2 years and in the tech space for 2 years before that. So, I'm pretty experienced on the phones, but need practice tightening up my wholesale objection handlers.

Does anyone want to practice together/start a group?

Agreed! @Sam Yin. Thanks for the input. This is really helpful. If I'm hearing you right, the logic is that a slightly lower COC is OK at purchase, but you want to have a realistic path to get that rate of return up (around/over 8%) in the short term. Am I following correctly? Thanks again.

Appreciate the response @Allan Smith!

Hey team,

With home prices still rising, I'm finding it harder and harder to find a good deal and I'm curious if most investors are still getting good buy and hold deals (8%-12+%) or if lower COC returns is acceptable with other positive metrics.

To give some context, I just started wholesaling and in the past 3 weeks, I've talked to 3 owners that were accepting/ had offers on the table for 30k-50k higher than my MAO (70% rule w/ best case rehab budget). So, even the most motivated people are getting offers at a price that (in my opinion) can't make money.

Question for active investors: What is an acceptable COC for SF/small MF these days and why? Over the years, BP has highlighted a COC range from 7%-12+%.

I always assumed that I just wasn't finding motivated enough sellers, but after having this experience wholesaling and seeing on a recent BP video that Dave Meyer would be comfortable with a 4% COC return that had strong cash flow and strong annualized return, I'm thinking I might actually be missing something here.

Thanks for any input!

Hey BP fam! 

I'm just getting started doing outbound wholesale prospecting and I'm looking for a script practice partner. 

I've done cold prospecting in the retail R.E space (as an agent) for the past 2 years and in the tech space for 2 years before that. So, I'm pretty experienced on the phones, but need practice tightening up my wholesale objection handlers.

Does anyone want to practice together/start a group?