All Forum Posts by: Devin Janke

Hello, I have been using Launch Control for about a month and already got one small deal from it. I was wondering if anyone has best practices for using the software and creating follow up campaigns as well as how to appropriately tag conversations when people either are pissed off or say they are not interest. Would love to chat with anyone still using this software as I know since the new 10DLC requirements a lot of people have stopped using SMS.

Hello, I have been investing in real estate for about 3 years and have always just purchased off of the MLS I am now wanting to branch out and try to get organic leads. I also plan to run paid ads as well but would like to start with the website. I know carrot offers a great platform targeted specifically towards real estate investors but I have been hearing a lot about click funnels as well. I was wondering if anyone has thoughts on the pros/cons of each.

Thank you Randy! The only thing that worries me about leaving my job is in the hypothetical situation that the new second home that I get doesn't perform well as a STR like I think it will. I currently make twice my W2 salary in cashflow but still is a scary thing and I want to keep the extra cash flow to reinvest rather than pay myself a salary.

 Thank you Doug I really appreciate it! I figured this was the case but just wanted to make sure. Mentally I'm in a rush to get out of my job but I could definitely wait until after I find a property and close on it. I will wait for sure. Want to give my employer a one month notice as well.

Alright thank you. I figured as much but wasn't sure if the lender would even know or if that is something that I legally should disclose with them if my last day is after closing.

Hello. I am wanting to purchase another property with a second home loan but shortly after getting the property I would like to quit my W2 to pursue real estate full time. Lets say I get under contract, closing is May 1st. If I put in my two weeks a week before closing when they call and verify employment will that be an issue? Or is it illegal for me to not disclose to the lender that I put in my two weeks?

I've done a lot of research on here regarding buying a STR in the Orlando area. From the comments it sounds like buying in a community is a big plus such as Storey Lake, Championsgate, Solterra, and Windsor Hills. I'm also looking for a property that has a pool. The issue I'm running into is I'm having a lot of difficulty searching the MLS for these specific communities as they often break up into other communities and it's hard to distinguish what road is still apart of the particular resort. I would love any advice on this!

I have friends and family willing to invest in my real estate deals at an 8% APR, where they are not active partners. I will be getting a commercial DSCR loan. My question is what is the best way to go about this, do I do a promissory note between LLC/investor and is there any special type of insurance I should get to cover them? Also once my investors agree do I immediately have them put the money into an LLC or do I wait until I find the deal and then have them transfer funds to LLC for the downpayment. And will the lender want to see their financials as well?

Is doing cost segregation worth it on a smaller deal that is a single family home for lets say $300k but you are cash flowing over 1k a month?

I currently only have one rental and its a single family unit. I now am looking for multifamily property's and found one off market that I am very interested in. It is an 8 unit property with 4 - 2BR/1BA units and 4 - 1BR/1BR units. I am planning on putting contractors in these homes and I would like to preface this with I am not worried about vacancy at all. I prefer the property to be vacant so I can use my connection to place their contractors in the property. One unit is currently vacant which I toured today and the windows looked to be in rough shape but the thing I am most concerned about is in the bedroom there was mold in one corner growing on the drywall that started about 2 inches up the wall and ended about 6 inches up the wall. It wasn't a ton and then there was another corner of the wall in the closet that the mold started from the floor up the wall about 12 inches but only in the corner about two inches in width. The apartment has baseboard heating and I was told this could be from cold spots or the previous tenant not turning the heat on, (this tenant had to be evicted). So my first question is what is a general rule for calculating a total renovation cost of an 800 sqft apartment? And how do I determine the cause of the mold? I want to write an LOI up to the current owner but am concerned about these issues and I know he doesn't want to deal with it.

The next issue is the tenants. There are 7 other tenants all section 8 and all of them have been trouble for the current owner and lets just say after my initial visit I am not going to want any of these tenant living there. Four tenants are going to be evicted soon as they have started a grow operation in four of the units and the rest are behind in rent. How difficult is the eviction process and does it complicate things that the tenants are section 8? My initial thought is that I would like to have the current owner evict the people growing prior to my purchase but I also know part of me getting this as a good off market deal I should try and solve his problems, aka buy property at a discount and evict the tenants myself. There is a lot to think about and would appreciate any help!