All Forum Posts by: Gi'angelo Bautista

I was wondering what everyone does to find fire damaged houses? One of my houses burned early in the morning last year and 3 restoration companies showed up that morning to pitch me on their services. 

The only ways I can find them right now is by using:

- Google Alerts

- Fire Department Instagram 

- Local crime alert websites

I tried to ask the fire department, but the fire fighters had no idea. 

I'm curious to hear other strategies?

Great job! 4 months is fast!

When I was in brokerage, I told my my mentor that I think that a top producing agent I was dealing with was lying about having another offer.  He laughed and then said,"Of course! We all do!"

When I listen to my current broker's conversations with other agents in regards to offers, she always "stretches the truth".  

Many agents lie.  We just have to learn how to deal with it. 

Hi, Your question in the subject says how long and the words in the post says "generate" so I think you are asking how long it will take to start from nothing and complete your first deal.  

I think that question depends on your skills, knowledge, resources, and life experience. It will be different for everybody.

When I decided to start investing, I had a deal referred to me.  That property I bought in April and sold in October. It took so long and I didn't know what I was doing.  My second deal was a deal I found myself, raised money to fund it, and completed it. I think that took about 13 months.  6 months to find it and ~7 months to complete the rehab and sell it on the market.  I failed a lot. 

I suggest getting a mentor/coach or work for a small, medium, or institutional investor whether that is in residential or commercial. This will definitely speed up the learning process and help you make less mistakes.

 

I concur with everyone else. If you want to do lots of projects, use other people's money. If not, then use your own.  I use other people's money for my own house flips and I have 8 active projects at the moment.

@David Sosa

We do property management for other owners in the Bay Area. To my knowledge, we charged the least at 15-18% of gross profits. I hear of local property management companies charging from 15-30%. We charged low at first at 10% because we didn’t know what the market rate was for property managers.

@Nate Marshall Thanks Nate! I joined the program and it's amazing.  It's definitely helping me sharpen my skills.

@Barry Pekin I think I will join this program after I finish John Martinez program.  Thanks for the tip!

@Brant Richardson I do listen to it! I agree that there is a ton of information there.

@Jerryll Noorden The prices are very high! I have extra money to invest into myself to up my skills. 

@Geraldo Holter thanks for the comment! Expansion of knowledge is very important!

Hey everyone, I'm looking to up my skills & knowledge on the acquisition side of SFR real estate flipping. I'm a house flipper based in the Bay Area and I do deals from San Francisco to Stockton. My acquisition prices range from $120k to $1.2 million. I'm about 1 year and 3 months into the business. Past education was through Fortune Builders. I generally concentrate on calling, door knocking, and sending handwritten mailers, which I learned from Mike Ferry's program (real estate agent coaching). This year, I haven't really improved my acquisitions skills like I did last year so I think it's time again to keep improving.

 I found a few events/courses around the West Coast and I was wondering if anyone had any experience with learning from these people? 

If anyone can suggest any other education events/courses, that would be helpful too. 

- Millennial Flippers - Located in LA - 1 day intensive - Price Unknown

- All In Momentum - Located in Phoenix, Arizona - $5,000-$7,500 - 2 day workshop + $597 for All In Academy

- John Martinez - Located in Denver - 2 day bootcamp - $2,500

- Wholesaling Inc - Bret Daniels - $5,000 - Not sure if this is an online course and/or event - Phoenix, Arizona

- American Flippers (Adam & Bobby) - Located in the Bay Area - Price - $10,000-$20,000

Any help would be great! 

Me and my partners flip in Stockton and Lodi.