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All Forum Posts by: Jeff Sitti

Jeff Sitti has started 4 posts and replied 17 times.

Post: "Hard Hitters" - Real deal investors...

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Will,
Earlier you mentioned managing your team, would you mind explaining what your team consist of?

Post: Questions to ask realtor

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Ken,
Just add to what everyone has already said but give you the perspective from an agents end. Like Steve already mentioned most agents that understan the concept of wholesaling ate already working at doing their own deals. I'm a fairly new agent, and when networking with other traditional agents, when I mentioned to them about working investors, the general response I receive 9-10 times was why am I wasting my time. They feel most investors are wasting their time, however they don't understand the legalities, concept, and simply don't feel comfortable working with investors. So like most people out of their comfort zone, they would rather just go with what is working rather than be hungry and find another source of potential deals or generating income. In addition like stated above, most give me this blank stare when I talk about wholesaling or subject to deals or anything other than traditional transactions. Granted most of my interaction has been with "older generation of RE agents" but the "new generation is coming."

If you find someone who is open minded, understand legalities and willing to listen, you will be solid... Just my two cents, for what it's worth...

JS

Post: "Hard Hitters" - Real deal investors...

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

James,
Thank you for responding, and the point you are bringing up was exactly what prompted me to ask my original question. I figured that being an investor wasn't going to be just about sitting home and collecting checks, however, there is more that interest me about RE investing. Overall, the 50 hours you are talking about is investing in your own financial freedom not that of another's. Secondly, when I mentioned freeing up time, my job not just 9-5, it's more like 1-9pm or 4-12pm or whatever my boss wants to dictate. Sure a job or career change could resolve that, but overall just want to be my own boss and build my own future. The job is just a motivating factor to work my tail off more towards being successful in real estate. I'll pay my dues and do the time, I'm a young guy, got time on my side....

JS

Post: "Hard Hitters" - Real deal investors...

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Jake,
You are absolutely right, and I learned that quickly after weeks of running comps and not seeing a lot of potential. Point taken... Thank you for the advice.

Brian,
In my industry in my day job, 50 hrs is the norm, usually requires more hours, which what led me to real estate. I aspire to spend my time doing for me, and be home more with the family instead of missing out on my kids lives. Heck, right now it's midnight, which the only time I have to do research and learn more about this industry.
As for the license, yes it's active, just obtained it last month. Still learning about being an agent, and like you mentioned learning to use it to my advantage. Currently just seeking deals, learning what I can what the time I have available, raising capital with private money, and trying to think outside the box and not do what everyone else is doing in my area. Still every green, willing to listen and be a sponge, and accept that I have a lot to learn. I network with some fairly small investors, who are coaching me on finding deals, help me not make same mistakes they have and do business together.

I truly appreciate everyone's insight, will listen and take all the advise and try to apply all I can. Don't want to be a talker, just want to take action...

JS

Post: General question: What's average timeline in flipping a property?

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Thanks guys for sharing your breakdowns and averages, definitely a lot more to consider, especially what you mentioned Steve in terms of the permits, because I will also be working close to your area in san bernardino county. This info definitely helps me forecast and project my numbers for worse case senorios.

Appreciate it...

Post: "Hard Hitters" - Real deal investors...

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Thank you all for your responses:

I just recently obtain my license, and I'm just starting to build my database for potential clients, but no I do not want to just simply be an agent. I am currently working with a few investors who are fairly new. Most of which are having me search mls for potiential deals and sending offers. Working on a subject to deal with a home owner who wants to get out her property, which just in the works. But finding deals definitely is the where most of my time is spent, it's just finding them. Looking into doing direct mail, and hopefully having some success, and door knocking. Last but not least, continue networking...

Post: "Hard Hitters" - Real deal investors...

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

As a newbie... I've spent days, weeks, months... Spinning my wheels, networking with as many investors as possible, searching for the real deals, just basically putting in work and realizing it doesn't happen over night...

For all the major players, the true investors: if you would please,enlighten me and all the newbies out there, what your typical day or week is spent doing... Surely your time is valued, so how do you organize your time, what is your routine, just anything us young pups can learn from...

Reason I ask is, I'm working professional, work 50+ hrs a week, who wishes I have more time to focus towards my short and long terms goals in RE investing. If I could afford or otherwise not place my family in jeopardy I would quit my "job" in a second, to pursue this burning desire to succeed in this biz.

So is there a routine that you do, a breakdown of tasks each day, or is this also a full time gig or at least to start. I understand success will take time, patience, a lot of hard work and dedication.... Just hit some bumps in the road, and curious what your day is like, what do I have to look forward to, what can take from what you all share and apply to my own daily planner...

Thank you in advance,
Jeff Sitti

Post: General question: What's average timeline in flipping a property?

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Jim,

Thanks for the breakdown, definitely helps out. Appreciate your insight.

Randy,

Great point, and I've been doing my research... Definitely learning my market. Definitely looking to purchase in good locations that are affordable and targeting first time buyers.

Overall, just trying to get a good idea of how long this I taking those that are already in the trenches, so that I forecast correctly and be prepared for worst case situations, especially if I'm working with OPM.

Thank u both for the insight.

Post: General question: What's average timeline in flipping a property?

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

Steve,

Thanks for the welcome, absolutely love BP and the wealth of knowledge on this site...

Am I assuming most of the time it's taking is due to the amount of inventory and waiting on offers... Or is it due to rehab ?

Post: General question: What's average timeline in flipping a property?

Jeff SittiPosted
  • Involved In Real Estate
  • INLAND EMPIRE, SO CAL
  • Posts 19
  • Votes 6

I just have a general question to those flipping properties in the Southern California area, primarily in the Inland Empire. What is the average amount of days,weeks, months... It is taking to Purchase, rehab and unload your properties to an end buyer?