All Forum Posts by: Brandon Vukelich

My suggestion is to communicate being a "problem solver" vs a 1-trick pony like every wholesaler mailing "all cash, quick close" cards or realtors sending out "just listed or just sold" postcards trying to attract a listing. My message is more about offering a few options as I am a licensed broker + real estate investor. My options usually include the all cash/quick close to flip myself, listing it (as an agent) but also offering the seller to do a JV flip together, I could wholesale it, offer to buy it myself for a BRRRR or other long term personal investment, etc.

Other than that, I have done a separate "tired landlord" campaign targeting small multifamily properties that have been under the same owner for 10+ years. I usually get about one good hit/lead per 500.

Best wishes on your efforts!

Those are two very different paths. Not sure why you would want to shift at all. Sounds like you have found a lane that works and is growing. Stick with what has been successful for you and is enjoyable. It's too difficult to give much input without knowing your capacity to manage more, what's your end goal, etc.

I own STR/MTR and LTR properties. I'm not interested in growing many more STR/MTR. Those operate more like a hospitality business than a rental business. Plus as we all know, more cities all over are pushing for more regulations & limits. But if you love them, keep moving forward. Best wishes on your journey!

There are a few levers to pull to make seller financing work. You need to start by asking the seller what their true financial needs are out of the deal. Amortizing over 30 is usually fine but they will likely want a balloon (payoff) in the near future. Ask the questions...Maybe they want to avoid cap gains taxes so a small down would work. Maybe they want the highest monthly payment from you for 3, 5 or 7 years before your balloon is due. Maybe they want a large down payment for medical needs but are already so financially comfortable that they'll do an interest only at 5% for the first two years. 

You really shouldn't propose anything until you have a conversation and understand what the financial needs or expectations of the seller are in advance. Keep in mind, most sellers know that a money market throws off nearly 5% right now and the terms I see expected are not competitive with a bank. Many small MF owners say they want 20-30% down, 7-8% rate. Best wishes on your real estate journey!

Hey @Wyatt Wolff, I don't expect much from my lending partners other than updates on how things are progressing towards preapproval with leads I send them.  Maybe give me good marketing info on programs tailored to 2-4 unit investors.  I occasionally enjoy co-hosting (splitting costs) for client events with a lending partner but that is pretty rare as most lenders just want to hold "first time home buyer" classes/events or co-brand online ads for home buyers.  Not my target clients. 

I send out a list of my 3-4 lending partners to leads every week.  It would be nice to have more leads sent my way.  In 14 years, I can count on one hand the number of lender provided ready-to-go buyer leads I've been given.  I realize I would get more if I only referred a single lender but as with any referrals, I believe it is best to give clients more than a single option.

I'd be up for a chat.  I'm not 100% dialed in perfect with biz and health but may have some nuggets to contribute. I like the theme of your show.

Hi @Dana Kristian Gomez I may be selling my 3-unit STR/MTR in Old Town (Tacoma neighborhood) this year. We've had it for 4 years and it's a great property with unobstructed Puget Sound views. I also have an off-market opportunity (3-unit) LTR/MTR in Hilltop across from St. Joe's. Happy to share details on either with you privately if you're interested. Either way, best wishes on your investing journey!

@Jay Dave if you are not already, I strongly encourage you to join RHAWA (The Rental Housing Assoc of WA) and/or have a good attorney on standby.  If you're going to be a landlord in WA, you need one or both.  RHAWA is a fantastic organization that is there for landlords and fighting for landlords rights in WA.  There has been good comments posted here but I don't recommend seeking legal advice (especially in WA) on internet forums.  Best wishes on your rental situation.

 @Aaron Nelson same. I've made some (what I consider simple requests) to the lead dashboard for years. Like show us the current status on our bundle and improved search functions. Plus I continue to pay for leads that are not my avatar (aka flippers and STR buyers). I do appreciate the no hassle and quick credit for spam leads or duplicates when I make the request, although it would be great if the system picked them up in advance.

@Jeremias Rodriguez I own a 3-unit STR/MTR in Old Town (neighborhood) of Tacoma. We've had it since 2020 and have been renting the front two water view units as STRs and the rear studio as MTR. The STRs don't fall under WA LT law and we have heard much discussion from the city on restrictions. Our MTR does and we run the risk of Measure 1 issues, someday. But all of our MTR guests have been steady and great. That being said, we are considering to sell and invest in something less management intensive. Running a STR is like running a mini hotel, you are more in the hospitality biz. Best wishes on your RE journey! Reach out anytime.

Group networking events with clients is great to encourage referrals.  I like to hold VIP events for 15-25 people. We ask clients to invite a friend we may not know. We typically do a happy hour at a local brewery or rent a suite with catered food/drink at a local baseball game.  Networking with new vendors or leads is done usually via phone calls, meeting for coffee or doing a zoom.  Of course, engaging with members on sites like BP too!