All Forum Posts by: Account Closed

NREIG insurance.

NREIG insurance. 

$2.5/hr is a very good price. I haven't found any good VA's at that price. Generally we are at about $3.75/hr starting and it goes up from there.

To maximize their performance, we have a weekly Meeting on Mondays, revenue meetings on Thursday, quarterly reviews, trainings, use task and project management tools, and etc. 

We had a horrible experience with Virtual Staff Finder. They didn't vet the VA's nor do they give them any kind of trial run. The VA we hired ghosted us after a week or two. We were going to let go of the VA eventually. We are way more efficient when doing the hiring ourselves (our VA's do the hiring).

Create a Scope of Work (SOW) and send it out to a few GC's for a quote. 

It depends on what experience you are lacking. If you lack analysis experience, don't buy the property and get someone to help you pull comparables and do the numbers. If you lack construction experience, I would say partner would an experienced investor with construction skills to help you and explain the construction process. If you really have no experience, then I would say partner with an investor in the area that consistently does house flipping deals. The investor will help you speed up your learning curve.  

Also, start small. 

Urban Land Institute has lots of resources.  You can google their website.  

It's possible to wholesale in the SF Bay Area. Yes, the Bay Area is very competitive.  I do come across a lot of developers and investors who also wholesale.  There are wholesalers that deal with commercial properties too. One investor I know just net $300k in a commercial deal. 

@Alice K. My apologies for the late reply! I will definitely have to turn on the notifications to my email for the forums.

Vanguard has a lot of foot traffic through the offices for floor time.  The offices with the most foot traffic are Castro Office and New Montgomery Office.  Our open houses do get a lot of foot traffic too since our brand is known to have great marketing, service, and luxury properties.  

***I found out Pac Union does have a small office of 8 people on the peninsula.  My friend in the same coaching group as me was recommended to go there by our coach since she lives in the peninsula.***  

If you don't have a full time job, I think you should call again to inquire about openings on the teams if you want to shadow and learn faster that way.  We do have a mentor program too and you can shadow that way.

Also other things to think about are:

• What neighborhoods does this brokerage's agents dominate in?
• Do I like the housing stock that this brokerage's clients sell?
• Does this brokerage have agents who are also investors and/or developers with investor and developer clients? 
• Are the brokers that I want to model after located in this brokerage?
• How is the culture of the brokerage and how are the agents generally? (the brokerages are really different and you can visit the weekly meeting to get a fast whiff of it)
• Do they really educate me or are they full of it? 
• Have I been to some of this brokerage's open houses? 
• Does the office look like a shack?
• Will I become the next Million Dollar Listing Agent at this brokerage? (I'm jk, you will be no matter what)

Picking the brokerage is critical and moving from brokerage to brokerage is such a pain in the butt because each brokerage have different systems and services (such as CRMs, Databases, Transaction Coordinator setup, Marketing, CMA services, and etc). Message me for any questions!

I was wondering how do development companies get institutions to fund their projects?  Where do you meet these people?  

*Just wondering how it works*

Post your question on the wallstreetoasis forum if you haven't yet.  I know many commercial real estate development employees go to that forum.