All Forum Posts by: David Nacco

@Andrew Fisher If it’s been in the market that long see if they will let you schedule a showing and see if your contractor can come to the showing with you to provide a bid (expect to pay for their time). That will get you a touch rehab coat number. Then contact a hard money lender and see what interest rate you’ll get and down payment you’d need. Then from there run the numbers based on how long you expect the project to take using the numbers you got from the contractor and the hard money lender and see what your margins look like. If it makes sense, get it under contract and during the inspection period get other contractors in to get multiple bids and try to get the bids with prices for each line item and make sure to specify whether you provide materials or you expect the contractor to and be sure to ask if they are including both labor and materials in their bids.

@Camonte Terrell

It’s a great area to invest!

@Frank Ramphall For sure man! Let me know if I can help you with anything at all, not just as a Realtor. When you get back you should come out to some of the local meetups.

@Kazi R. Drive whatever you want. If they feel less obligated to pay rent on time you get to feel less obligated to renew their lease and not file eviction papers

@Camonte Terrell

Yes I am

@Kathryn Zambon

Congrats!

@Frank Ramphall

Hey Frank, I’m a veteran myself and a buy and hold investor in Suffolk. I’m also an agent and serve primarily Suffolk, Chesapeake, Portsmouth, Franklin, and Isle of Wight county

@Anticia Whitehead

Congratulations!

@Alex Dizon

Get into the local Facebook and meetup groups. There’s a few really good wholesalers here

@Yonah Weiss I don’t currently have a degree, but I am pursuing a dual degree currently for business management and marketing. Mainly because it’s free for me from my time in the military, so why not lol. But also because as an agent my vision is to build a large real estate team so it does tie into that as well. Plus nobody in my family went to college other than my uncle so that’s another motivator to have a degree. But I definitely don’t think it’s necessary at all. Also being in m 20’s it gives you slightly more credibility when telling people you are the CEO of a real estate team and a real estate investing company lol.