All Forum Posts by: Grant Vincent

Anyone have any takeaways from your own experiences that may apply? Creative strategies, wins, nightmares are welcome.

Nuanced situation. Context:

A house on our family farm is soon to be vacant. My extended family still operates the farm surrounding it.

Renting out as a long-term rental, STR, or medium term rental seem to be obvious strategies; however the family is exasperated from the previous tenant, an aunt w mental health issues who has lived there for free since my grandparents died. Also, they can be a bit fussy about minor issues impacting their farming operations…reasonable people, reasonable gripes, but a bit tunnel visioned about operational stuff…small but legitimately annoying stuff like unintentionally parking somewhere that blocks their equipment ingress/egress; driving too fast down their long gravel lane, which makes dust, throws gravel out of place, leads to potholes that become rain puddles, and legitimately increases the $ they have to spend on gravel. Classic examples of important farmer stuff town people don't think of…

I have no ownership interest in the property. I visit the area 3-5+ times/year and have been looking for creative strategies, including STR, to invest there that could offer lodging for my wife, kids and dog when we visit.

I’d really like to come up with something that makes the the owners some $ and keeps the house from being neglected. They don’t need the money but would like to keep the house from falling apart.

Any ideas?

@Jake Van Havenaar

Regarding your connections, most people your age don’t have a contact list of their PEERS that are high rollers. You’re just about to step out of school into the real world. In time, that will change and people you met in school will start climbing the professional ranks.

Beyond that, think about your parents’ and friends’ parents connections as a starting point. It’s easy to overlook how many people are 2nd and 3rd degree connections. Meet a few influential people and meet who they know. With intentionality, you can build a network long-term.

Short-term, use your age to your advantage. Trust that successful people will recognize and appreciate your drive at this age and may want to help you succeed. In the immediate, don’t wait to organically meet all the right people. Do some research and make a list of influential people and figure out how to get in front of them. You don’t have to know them or their friends to have a right to ask to meet them. Be prepared for a challenge and people telling you “no”, but remember, we are all just people, even the wealthiest on earth. Just be humble and don’t make it about getting their money.

Build relationship and trust while constantly making life choices every day that align you with your business goals and being a solid, high-quality human being worth knowing and the money will come.

@Bruce Lynn, thank you! Great suggestions.

Anyone have any recommedations for great real estate investing courses or bundles that qualify for CE credits? I know most course bundles include the usual "working with investors" course. I've taken those several times. Thought maybe I could find a bundle or build my own a la carte investing-focused curriculum.

I'm in GA. Needs to be recognized by GREC...if only they recognized all the podcast and YouTube work I've put in! 

Agree for Alpharetta. Prices are tough to see + cash flow. Short- and medium-term rentals may be an exception. Happy to help you if you decide on this market.  

Matthew and Mitch nailed it.

Timeliness, qualifications/credentials, and costs are limiting factors. Plenty of people capable of the work, but they may not share your urgency or they may not be licensed/insured, etc. With your ties to the area, you may have a networking advantage over most people starting from scratch.

Ideally, you'd get good service at fair price. Not sure of your situation but it may help to consider the value of your time and attention and be willing to pay very well once you find someone. I started a handyman service in ATL a few months ago and most of my projects are 1+ hrs away. That drive time has a pretty real opportunity cost (1 job that day instead of 2-3); however, for good pay, steady work, and repeat biz you may be able find a balance that makes sense. 

@Alan Taylor

I think the other contributors answered your question(s). One point of understanding to add.

I tell clients the buyer can choose any attorney they wish. It’s their representation and usually their expense. Seller can’t force Buyer to use a certain attorney, but Seller can get their own attorney and pay for it themselves.

Any attorney closing a transaction should adequately service both parties in a closing. I have had Sellers that refused to use the buyer’s selected attorney because of a lawsuit that made it a conflict of interest…but generally the above is true here in GA. Could be different in NC but not sure why it would be.

@Kelly Vandever and @Joey Banasihan

Hi! I'd like to learn more about this, but I'm still new to the concept. All of a sudden there are a few people in my life either doing travel nursing or that could be a potential fit for this (mid-term/travel nurse) investment strategy, including myself. 

Kelly, what did you end up doing with this great info? Are you looking in any other areas?

I feel like there are probably several Level 2-3 hospitals peppered throughout N Metro ATL, but that brings me to my next question...Where does this "level 1-3" info come from, is it an official designation or are we speaking in generalities? 

One of my listings (in a non-HOA subdivision) is VERY close to a new build hospital construction project. Do new hospitals jump right into using travel nurses? Asked another way, how close to an opening is a hospital a candidate for this play? I've always wondered how hospitals determine if they hire nurses or use travel nurses.

I agree with @Christian Ehlers. I am agent. Biased but also capable of objectivity. Lots of lousy agents out there; however, great agents know their value. Experienced producers advocate the best practice of an exclusive agreement. It is accountability for the agent and the buyer. I can expand on that, if desired. Highly recommend using a great agent, particularly if investing out-of-market.