All Forum Posts by: Chris Gavre

Hey Ali. Congrats on getting started. I'm also 25 and somehow managed to acquire about 170 units. Not sure your exact financial situation, but what really helped me was constantly finding the next deal and then figuring out what I would do with it after the fact. Wholesale it, flip it, keep it as a rental, owner finance it. Given, I do this business full time which I'm sure makes a difference. By having a lot of deal flow and wholesaling a lot of the deals, particularly when I first started, it allowed me to run into people that would ultimately become lenders and partners.

Scaling to a decent portfolio in a short amount of time isn't always what it's talked up to be. It demands that I keep a large sum of cash sitting in the bank doing nothing in order to protect myself (some people in this business will tell you having cash is a cardinal sin). Due to this, I'm not able to be as aggressive and flexible on picking up more houses to flip/spending money on marketing. Part of me wishes I didn't buy so many rentals so quickly so that I could better utilize my cash to spend more on marketing to generate even more active income. The point I'm trying to make is: the more you acquire, the more liability you take on. Also, cash doesn't go as far as it does when you don't have many liabilities. 100k in the bank for me means a lot less than 100k in the bank for someone who only owns 1 property. 100k for me means 3 months of mortgage payments (if everyone stopped paying) 100k for the person who owns 1 property means years worth of expenses set aside and they can aggressively spend money on marketing and trying different channels.

If you're hell bent on acquiring more long term holds in a short amount of time, Always focus on the next deal. Don't try to hold on to every deal, don't be afraid to wholesale them out to generate short term cash/build relationships. Deals are like buses, another one comes every 15 minutes. Pick 1 marketing channel and stick with it until you see success, bouncing around doesn't work. Every marketing channel works as long as you work. Find people you can work with, borrow from, and learn a lot about creative finance it's becoming the way of the future with the direction the market is headed in. 

Hey guys, how are you pulling lists for Vacant land? I'm very familiar with SFH lists and such, but have decided to switch over to doing more land. When I'm pulling lists from propstream, I'm finding that many of the vacant land lists aren't actually vacant land anymore.

How do you find accurate lists that are still currently vacant?

Also, is there any software that will skiptrace a list of Tax Id Numbers? I've pulled a list of tax id numbers but don't have the specific addresses to skip trace with. Anyway I can skiptrace these ID numbers without having to manually go through and find the address for each one?

Thanks!

Have you run into any where tenants/seller weren't as comfortable with it? I'm running into this a good bit, especially on the initial appointment where sellers are less willing to let me go look at the place due to tenants occupying. Or, the seller will say they don't want us going in and out of there a lot after we are under contract

Hey guys. I've got a couple deals in the works, but each of them has tenants in the property. I'm curious to hear your strategies on dealing with this.

1. From the beginning when you first talk to the seller, how do you get in for the initial walkthrough of the property when it is tenant occupied? I've found that a lot of the sellers are hesitant on this because the tenants are there and they do not want to disturb them?

2. How do you get potential buyers in there for a showing with tenants? A lot of these sellers say they don't want us constantly going in and out of the property due to the tenants. I've thought the best strategy may be to mention up front, we will need 1 day to inspect the property and try to line up all showings for that 1 day. However, this can get tricky to find a day that'll work for most potential buyers. 

How do you get the buyers in there to see the property while also working around the tenants? How do you get the seller on board to let you do this showing and not harass the tenants constantly?

@Yoann Dorat Thanks for the insight. Question for you about wholesaling, I'm hung up on a couple of details.

1. Are you submitting offers before seeing the property? If so, how do you then transition into going to see the property in person?

2. In regards to seeing the property, how do you do this when there's tenants involved? I've recently run into a lot of resistance with people because I'm trying to get in and see the house before locking it up under contract, however, when there's tenants in the property the homeowner seems to be very hesitant. I think some of this comes down to it seems like there's a lot of hoops they have to jump through to get the property sold, and therefore, may seem less inclined to do so. AKA: they have to schedule the showing with tenants, get me inside, meet me out there, etc. 

Thank you everyone for all of the love. Seemed like I was getting too caught up in not getting more instantaneous results. Sounds like I need to just power through and keep on making the calls. Thanks for screwing my head back on straight!

Hey guys. Need your help here. I'm 22, and have been doing a little bit of wholesaling. I got my realtor license back in November, decided it wasn't for me in March after I got my first 2 wholesale deals. I closed both of them, I currently own 13 rental doors, and am flipping 2 houses. However, I find myself in a place where I'm wondering if I'm wasting my time with wholesaling. I spend a lot of time cold-calling, however, I feel like I'm not getting many deals. I'm about to have another one under contract to wholesale which I may make 5k on.

My long-term play is to generate income through a business, multiply the income by flipping a house or 2, then buy another rental with it. I just feel stuck and like I'm spinning my tires. How do you guys cope with this? Am I better off starting another business venture to generate income, or is wholesaling actually a profitable business model? I have virtually no overhead besides skiptracing and my mojo dialer.

Hi guys. 

I’ve recently closed on my first mobile home park in South Carolina. I’ve had it about 2 weeks and am looking to strictly rent out the lots. 

However, as expected, the demand for this is much less as people have to pay to move their homes. 

I’ve called on all of the mobile home distributors in the area, posted on Facebook marketplace/Craigslist, and investor Facebook groups. 

But still, I have been unable to find someone to move in  

Given this, how have you been able to fill your park up by renting out the lots? 

Hi guys. I’m a new agent and have been looking into circle prospecting. 

I've been calling FSBO's and expireds but find them Highly competitive, and many offer up resistance as soon as you say you're a realtor.

I’ve decided to do circle prospecting. Calling home owners in a neighborhood looking to see if they know anyone looking to buy or sell. 

Has anyone done this tactic and seen any success with it? 

What strategies have you implemented that helped circle prospecting be a better lead gen source?

Thanks!

Is there a way to track down the owners of condos? I am looking to get the contact info for every owner in a condo building. I have a client looking to buy a condo in this complex and wanted to call every owner to see if they've thought about selling. 

Does anyone have experience skip tracing for a whole building? Thanks!