All Forum Posts by: Gideon Sylvan

Howdy. Hiring for this in several places around the US. Currently: 

Atlanta, GA
Denver, CO
Las Vegas, NV
Austin, TX

We need someone to manage our booth at local real estate investment events. We have a free search platform that is like zillow for rehabbers (link in bio). J Scot referred to it as "The best comp and calculator tool I've seen. And it's free."

At the booth your job is to show people how to use the software. It's free and well received, so no sales vibe. We're looking for someone who is friendly and presentable, ideally with some experience as a rehabber or as a wholesaler. 

Compensation is location dependent, about 3x minimum wage plus free entry to the events and you can watch the speaker. You will need to store the equipment/supplies, but you also can use the 4k monitor and monitor arm at home.

To apply, please go to our youtube page (pellego), look at the most recent video (finding flips in orange county), and record a similar video in your market. Upload that video to youtube (can be private) and DM us a link to the video.

Please note this only works in certain markets, such as the ones listed above.

The first steps depend heavily on if you have cash. If you do, the first step is to make offers. The process of making offers forces you to learn deal evaluation because suddenly everything is real and you don't want to overpay but you also want to eventually win a deal. If you don't have cash, then you have to ask how much time do you have and what sounds like a good path for you. Some people get into wholesaling, others become an agent or get a job where they can get exposure.

It will definitely gain you more experience with how the market is doing, give you more confidence gained from experience, and save you money buying/selling. The biggest challenge for me has always been the rehab, but I feel pretty good about acquisitions and sales side from my agent experience. I also think it provides you with the cleanest off market pitch: I think your house is worth $600k and I can help you sell it for that—it'll take some time to clean it up, we'll have folks walking through for a few weeks or months, but I think you can get $600k—if you want to sell it today, I can buy it, but I am an investor and need to weather the risk, so I can only offer $550k.

A Plus Now has a PDF version of the class where you record your own hours. Just to be clear, I am not recommending you fake your hours, but some people prefer reading a PDF on their phone to sitting in front of a computer clicking next.

Personally I think on market is far better than off market currently. On market sellers can feel the lack of demand, whereas off market sellers don't really get it yet. I'm the managing broker to about 300 investor-agents in WA. Happy to make some intros.

@Eric Huang if it helps, we have a free analysis search tool on our website pellego.com/analyze

@Brian Arnold just sent you an email. Talk Thursday!

Hi @Eric Huang, the greater Seattle area is not great for cash flow, and that's sort of it's advantage. The appreciation has been strong but rents have gone flat or down since covid. The good news is that is in part due to millennial renters becoming buyers, increasing demand for prices and decreasing demand for rents. Tacoma is certainly an option, but I think you'll find cash flow is difficult in north end versus South Tacoma or East Tacoma. Central Tacoma and South Seattle are becoming cooler, so perhaps there will be some rent appreciation there. But at the end of the day, I would think of Seattle in terms of generational investment strategy (what is it worth in 20+ years), and to bundle cash flow losses into the total ROI. For example, if you lose an average of $200 per month for 10 years, you're down $24,000 (with a "0% interest" loan). If values are flat for those 10 years, that's a loss, but if they increase 0.5% per year on average, you're good. I'm not saying it will increase—that's where your investment thesis has to come in. HELOC wise, BECU has historically been a good friend of local investors. I have a few there.

@Sergey Lomakin Just sent you a connection request and a message!

Hey, we have a pretty killer property manager: Enrique Jevons. He was on the BP podcast and manages 100+ units for us in the Puget Sound. The rate is 8% of collected rents (no lease-up or re-lease fees, no maintenance markup). We are also expanding to the Bay Area later this year! I'll send you a PM.

P.S. Great profile photo.