All Forum Posts by: Craig Bellot

Hi Christopher

Sounds like you have your hands full!!!

Isn't it great learning about the ins and outs of investing and managing property. It's amazing to get up close to the action of closing and making deals.

I love that real estate is so multi faceted. The economics, financial, social and mechanical and legal make it fascinating to me.

Good luck on your deal and let me know if there's any way I can help!

-Craig

Hello Jessica, 

You will need to begin building your identity as a trusted advisor in home sales and purchases. I would begin with a Facebook page.

With social media, or any other type of marketing you need to understand VRIN scores:

V stands for value. 

R stands for rarity or how rare it is.

I stands for inimitable.

N stands for non-substitutable.

Value means you are giving your followers what they are interested in. Your posts need to be reaching your audience's values. I know my audience values growing their wealth safely, so I create content that shows how we do that. People value the payoff of real estate and investing, so I post my numbers, analysis and all the great tips that my businesses have profited from.

Rarity is how many other accounts are out there posting similar content. The more content that you provide that not many people get to see, the more excited people will be when they see it. It’s common sense. Rarity is the amount of emotion that people get when they see your post.

Inimitable means your post is hard to recreate. It means that not only is it rare, it’s unique and genuine. People can tell when what you’re posting is trying to be like someone else. You have to be unique, so others can’t reproduce what you’ve created.

Non-substitutable is similar to rarity, but it also means that what your posting is relatively impossible to be replaced by something new. You need to create timeless content, so as time goes on, your post is still relevant. If you master these, your business will grow and you will create a loyal audience, because you understand why your audience follows you and engages with you.

Let me know if you have any questions!

-Craig Bellot

Hey Lauren,

Great plan to invest in your future with Real Estate. 

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of the properties you are looking into

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

As an investor, you need to know your numbers, cold.

Whether you hire out everything or are more involved, plan from the beginning to be able to step away from the business if you need to.

That requires careful analysis of the properties BEFORE you buy, to determine if it meets your financial goals AFTER including all expenses.

If any turn key company sends you a cashflow analysis without at least TIMMUR:
1. Taxes,
2. Insurance,
3. Management,
4. Maintenance,
5. Utilities,
6. Repairs

Then run for the hills.

In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.

Explore all markets but do your research, as to where net migration and jobs are heading.

If these meet your investment criteria then start looking in person.

Let me know if you have any questions.

-Craig Bellot

Hey Jalen,

Welcome to BiggerPockets and Real Estate!

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties you are looking for.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person.

Let me know if you if you have any questions.

-Craig Bellot

Hey Sean,

It is definitely a tough time but doable and you can always find house hacks but they work best when renovations are needed.

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Hope this helped a bit. Feel free to reach out if you have any more questions!

-Craig Bellot

Hey Gwen,

Welcome to the fun world of real estate investing! 

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in CT, I personally focus in Bridgeport.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person. 

Everything is affected right now but you can still find deals, you just have to look. 

Let me know if you have any questions.

-Craig Bellot

Hi Erin,

Welcome to the community! Congrats on getting started.

Great learning about the ins and outs of investing and managing property. It's amazing to get up close to the action of closing and making deals.

I love that real estate is so multi faceted. The economics, financial, social and mechanical and legal make it fascinating to me.

Good luck on your endeavors and let me know if there's any way I can help!

-Craig Bellot

Hello Alexendar, 

There are tons of deals on the MLS where we invest, in Connecticut.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Hope this helps! Feel free to reach out!

-Craig Bellot

Hey Dilman, 

Your first investment... How exciting! As an investor, you need to know your numbers, cold.

Whether you hire out everything or are more involved, plan from the beginning to be able to step away from the business if you need to.

That requires careful analysis of the property BEFORE you buy, to determine if it meets your financial goals AFTER including all expenses.

If any turn key company sends you a cashflow analysis without at least TIMMUR:

1. Taxes,
2. Insurance,
3. Management,
4. Maintenance,
5. Utilities,
6. Repairs

Then run for the hills.

In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.

Explore all markets but do your research, as to where net migration and jobs are heading. 

If you have any questions, feel free to reach out.

-Craig Bellot

Hey Joshua,

Congrats on deciding to get into this amazing business. The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of the properties you are looking at in CT.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are. Being a wholesaler, you are doing the footwork for your buyer and must know the numbers to be as accurate as possible on your offer.

If these meet you and your buyer's criteria then start looking in person.

Let me know if you have any questions.

-Craig Bellot