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All Forum Posts by: Brian Davis

Brian Davis has started 26 posts and replied 78 times.

Post: Great Off Market Wholesale deal in Orange, CT

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

this still available?

Post: How my father's death changed my business

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I had posted this on Facebook and figured it might resonate with someone here. 

Post: How my father's death changed my business

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

How my father's death changed my business

I was 2 years old when my dad died. He left early for work one day, had a seizure while driving and died in a car crash. He was 28 years old and never made it back home.

I was having a conversation with someone the other day and this came up. I am always hesitant to share this fact because it always makes people feel bad for me. I'm not looking for pity and would rather avoid talking about it most days because it is a difficult subject – but it’s an important part of my life story, so I have decided to own it and share it.

Everyone has a story and this is mine. It might be easier to talk about living in a car somewhere and collecting food stamps, or driving into town with seven bucks in my pocket and building a massive empire, but this is my reality.

I was 2 years old and my brother was 4. Neither of us remembers our dad. This was the early ‘80s and video recording was nothing like it is now, so we have no recordings to better understand what he was like. There were no blogs, vlogs, or podcasts. No social media or cell phones to record every moment of life. We have some old photos, so we know what he looked like, but we will never really know what he was like as a person. It’s very difficult to truly capture a person in words, so all the stories in the world never help. He still feels like a ghost.

This lack of understanding and resources to help me better understand who my Dad was as a man has inspired me to document my business and my life, so that if someday I head out the door and never return, my three children will have an understanding of who I was and what I was like. Maybe I can impart a few words of wisdom, as they would take what I have to say to heart – much more than what someone else might have to say. I can give myself a chance to influence their lives for the better, even if I cannot physically be there for them.

This has had a great impact on me now that I am a father. A great impact in a positive way.It never really affected me growing up because I was a happy kid and I didn’t understand what I was missing. But over the past few years, I have really come to empathize for my mom, to understand a little more of what she had to deal with and the pain she endured. I have come to better understand what I missed now that I am a father.

It has become very important for me to design a business that gives me the flexibility to be present in my kids’ lives. It is important to me that I’m able to give them my time and attention: to be there when they go to school, when they have a game, or to just have a catch and go for a bike ride.

It's also important to me to be there for my wife. She is the rock of our family and the most loving mom that our kids could ever wish for – but she needs my help. Our boys are 5 and 7 and our little girl just turned 1. Anyone who has children can relate to how much energy it takes to raise a family, and mine is certainly no different.

This realization has forced me to take a serious look at the business. To try and figure out how I could create a business that gives me the time and freedom to be there for them when they need me the most. To design a business that can run on systems so that I don’t spend my days running around, dealing with trivial issues.

In 2015, we had our busiest year to date. We owned and were in the process of flipping twelve houses at the same time, and I was quickly losing my mind. I was the only person finding the homes, acting as the general contractor to fix those homes, and selling the improved properties. My wife and I were also staging the houses for sale, moving furniture between them, getting them ready for sale, and running the books. This was an overwhelming job – and we also had 2 little boys to care for, which is a full-time job in and of itself.

The following year, I made a decision to take control of the business. The idea was to scale up to buying more homes and to set up a real business with other people working on it, which would allow me to remove myself from the day-to-day activities. The plan was to generate more revenue so we could afford to hire employees to manage operations.

I started getting up at 3 am so I could work for a few hours before the kids woke up. I began learning about software development so I could automate as much of my business as possible. My wife and I raised the capital needed to scale our business. We also spent an enormous amount of money in the process of creating software and the systems needed to flip homes.

Since then, we have managed to expand into 18 different states and to design a business that is much less dependent on our constant involvement. It has not been easy, and I’m not sure it ever will be. But the end goal has always been to save time, as it is the one thing we can never buy back.

I recently started a YouTube channel and a podcast to share with others what I’ve learned along the way. I am writing blogs like this to help connect with others and maybe help someone get their life back in order – to take control of their business and find some time to spend with their family, like my wife and I have. I am far from figuring it all out, but I have solved many problems in my business and my life, and I know that what I have learned will be valuable to others. I am looking forward to the future and creating something that gives me more time for life beyond work, as I am still very involved. I am looking forward to helping new or struggling entrepreneurs so that they can get their lives back. To provide information and software to help make them more efficient so that they can free up some time for their family. With that being said, I am most concerned with providing content that provides a true representation of how I feel and what I think in case someday I am not around to share my thoughts with my children. Maybe someday, hopefully a long time from now, they will be looking to connect with their father and will have that opportunity because I left something behind for them.

This is increasingly starting to feel like the mission statement from Jerry Maguire, so it’s probably a good time to wrap it up. :) If you’ve made it this far, I really appreciate it.

And if you are Jackson, Mason, Sydney, or Kathy – I love you more than you’ll ever know :)

Brian Davis

Father / Husband

Real Estate Guy

Post: Meetup: Rehab and Wholesale

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I am starting a monthly meetup to explain the following:

Off market Acquisition Strategies

How to evaluate repairs

How to determine the ARV

How to use technology to become more efficient

I would like to hold this event at our office in Avon and help new investors.  I have a podcast and a youtube channel I started so you can check me out there to see if this is something you would be interested in. 

Post: Virtual Staging.. IT WORKS...

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I started using virtual staging about a year ago for our out of state properties. We typically stage everything in Connecticut with real furniture but it makes it much more difficult to coordinate everything that we rehab virtually.   It looks very real in photos and gets people out to the property which is exactly what photos are used for.  Here is a link to some before and after photos for a New Jersey house we recently completed:  https://virtualstaginglab.com/portfolio/

Post: Offer Automation and Analytics

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I recently created a software system to generate offers across the country in a very systematic way. Before I roll it out to others, I was wondering what kind of market or interest there may be for it. The way it works is as follows:

All the properties across the country that are currently listed for sale come into the system.

A user can select their state that they are currently looking in.

They can sort based on $ differences and % differences between the list price and the median, list price and estimate of value, list price and tax assessment, etc. The user can also use keyword scores to highlight the properties with the best keywords in their comments section (probate, short sale, etc may be scored high, fully remodeled could be scored low.)

Then the user can enter an offer price and click send. This sends an email offer which autofills all the relevant fields directly to the real estate agent. The system also allows the user to setup a phone number for sms and I am integrating telephone calls directly from the browser.

Another cool feature we integrated is machine learning AI to predict what the price would be based on how we have bid.

Probably one of the most useful aspects of the system is that properties can be rated from 1 to 5. 1 would be the homes you dont want to touch so they are removed from your view and you never have to see them again and 5 would be the properties you want to get an offer out on. So a VA could essentially rate the properties and then you could go in and place bids on them or go view the properties to better determine the numbers.

1 other feature is that if a price changes and I placed an offer, that offer gets automatically sent back to the listing agent. Can also automate the offer to be sent every 30-60-90 days depending on your market and how aggressively someone wants to follow up with agents.

So that is what the system does in a nutshell. I am trying to figure out if I partner with guys outside of my state or if we offer the system out on a subscription basis.

Any feedback would be great. If you are interested in taking a look at it, ping me and we could jump on Skype. It's really tailored to someone looking to do a lot of volume. Not really something for the guy that does 2 or 3 houses a year.

Anyways, this is my first post out there into the community on this topic. I have worked a great deal on my own as a real estate investor for the past 8 years and have grown my business exponentially since I started but my latest thought is to work with other guys and try to get their business streamlined. At least in terms of acquisition. This way, maybe I could partner with guys in other parts of the country as I am partnered with a private equity firm here in CT.

Thanks guy...any feedback would be awesome. 

Post: Better to rehab and flip in a more expensive neighborhood?

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

Just a quick thought -  I see a lot if people making note of the days on market for a specific area or neighborhood. But something to remember is, if you get a great deal and can undercut the market, days on the market will become less relevant.  It will come down to a deal.  What is the discount?  This is all that really matters. Whether its a 12k purchase in a 60k neighborhood or a 800k purchase in a 1.2M neighborhood.   Just neef a deal. 

I came to this post because I am wrestling with focusing on larger projects or sticking to what I have been accustomed to.  It feels like theres upside and downside.   

-Reduce the amount of projects we need to do to make the same money

-Stick with the 150k average project cost and be able to spread the risk among more properties.

I would imagine it will be a slow movement upward in the business and take what we can. 

Had a minute and wanted to share a thought. 

Post: Automatic Offer Submission / Creation

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I found some really bad ones. The best route is to determine what you need and find a freelancer that can execute.  Create something custom. Little more expensive up front is the only drawback.  That and hopefully you don't hire a crappy freelancer :)

Post: Wholesale HUD / Finding HUD Brokers

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

Any suggestions on how to find HUD brokers in different states? Brokers that will give you their login id to bid on properties?

Post: Statistics to determine low sqft $ for an area

Brian DavisPosted
  • Flipper / Wholesaler
  • Farmington, CT
  • Posts 189
  • Votes 89

I am looking to automate the collection of $ per sqft data ranges and value ranges by zip code across the country.   I am looking to quickly determine the low price points for a zip code. So if the range of values in a zip code  go from $35,000 to $255,000 for instance, and the bottom 10% of sales average $45,000, how would I go finding this data?  Is this possible?  And also, can I figure out an average low $ per sqft for the average low 10% of sales in that zip code?

Trying to setup some rules and conditions when determining offer prices and something automated would help guide the process for my VA.

Any suggestions or help would be greatly appreciated.  Thanks!