All Forum Posts by: Etienne Martel

@Kellie Alkayam If cold-calling doesn't work out, another option is for you to door-knock locally on properties that you notice has an ideal yard. Ask if they would feel comfortable sharing who their gardener is. (I would make sure to compliment their yard about how great it looks!) 

Regarding the side business: you could even hang up fliers around town to see if anyone would be interested in doing lawn maintenance for compensation!  

Hey Roy, my team and I currently invest in Cleveland. 

1. There are many different areas you can invest in for your current budget. 

2. Deciding where and what you want to invest in depends on what you feel comfortable with. There are many qualities that can either make or break an area for you.

3. Once you're comfortable with the area and the numbers, that will be the point where you choose to place an offer or step away from the deal and look for another.

Thank you.

Hey Kellie, do you have a property management company in place or do you manage these properties yourself?

If you manage these yourself, one thing you can do is contact local property management companies and ask them if they would share their lawn upkeep company. You may have to contact a couple companies before they share that information. 

If there are no lawn upkeep companies in your local area at a price point that works for you, there is a potential for a side business. You may be able to hire friends or locals to do this for you to get some extra cash in their pocket, while also saving you tons of money! If you continue to gain more and more properties in that area, you can have an entire side business while making profits and beating the competition. 

Wow, that looks great!! It looks like your contractor did a great job as well, which is key!

Where is this flip located? (if you don't mind me asking)

Hey Mark,

I definitely think that is a great and effective way to learn about the local real estate! 

The real estate agent on site should be able to answer most questions about the local area. If you visit multiple open houses in a similar area, you are bound to find an experienced agent willing to share tons of information regarding the area. They may possibly even present an opportunity to connect you with another investor or someone that would be willing to help you out. 

Networking is everything!!

Hello!

A couple of months ago, I started to purchase properties in Memphis in which my plan was to do the BRRRR process with. Now I own 3 properties free and clear, the repairs have been done and 2 of them are currently occupied, the last one will have a tenant in about 2-3 weeks.

I would like to get my cash out of these properties so that I can begin to acquire more and more. But taking my cash out and refinancing these properties has not been easy at all. I have talked to many big banks, many hard money lenders, and many private money lenders. For one reason or another they have all turned me down. The biggest problem being that I have only owned these properties for 1-2 months.

Has anyone out there found a company who will lend money on these BRRRR properties without the 6-12 month seasoning period? Can someone please recommend a bank or a lender who can help me out?

Thank you very much!