All Forum Posts by: Joe Homs

@Bruce Ng  the one that I use charges around $1300.  Steven Silverstein in the OC.

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Guest Speaker:

Our guest speaker is Gideon Sylvan, the founder of Pellego. He’s going to show us best practices with using their software. If you’re not using pellego.com already you really should be. It’s not only a free way to find deals, but it’s also a fantastic tool for comping properties, both as an investor and as an agent. Gideon recorded this 3-minute overview video for us https://youtu.be/lOoAsBLbwF8

Agenda:

3:00 pm Gideon Sylvan

@Joseph Rivera reach out. It's worth a discussion. 

@Dylan S. I would just stick with flipping.  Thats what we do and have about 20 projects in the pipeline now.

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@David Yonwook Chung check out some local meet-ups in the OC.

OCREIN - Unlock Your Real Estate Success: Stand Up and Connect! (biggerpockets.com)

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@Martin Forde

My strategy framework is below:

1. Narrow focus on lead generation. I’d like to start with divorces and recent probate records as my primary lead targets. I recognize these are highly charged and emotional moments. I consider myself to be very empathetic and believe I could help solve problems to people needing to unload properties quickly. (OMG) Its difficult enough to wholesale, why would you start with divorces and probates?  These are the most difficult transactions for an experience RE Agent or wholesaler.  Try picking on the low hanging fruit first, "Pre-foreclosures" you already know they are in trouble.)
   1. Would also “drive for dollars” by biking and running but only in my local neighborhood here in Northeast LA. This seems oversaturated and un-strategic, but I know my neighborhood well and believe I could differentiate here as well.  (Not a bad idea since these properties are on no one's list, but it's very time consuming.)
      
2. Engagement sequence would be a mailer with a handwritten address (This is also very expensive and time consuming.  What do you do with this type of mail?  If you are going to mail then target 55+ communities whom the residents still open mail), cold call (One way, but again time consuming.  Hire at VA overseas and just have them send you back the "yes, I am interested in learning more."  then follow-up with them), text follow up, cold call, email, then qualify / disqualify leads. (The phone companies are cracking down.)
   Using my rental income, I have a ~$1k / month budget for marketing and tools. Goal is to find first deal defining the systems and KPIs, then scaling spend from there. (If you are going to do this right I would say $5K a month and look into incoming lead sources like facebook and google pay per click.)
   

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@Dylan S. I've lived in the OC pretty much my entire life. We used to call them "Granny flats." This was a great purpose for them, but I do not recommend them for a value-add at all. They will run you around $200-$300K to build. If you make $30K a year from rents it will take you 10 years to pay off the ADU. The appraisers also find it very difficult to give you the value you are looking for.

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@Christopher Espinoza welcome to BP.  I'm in the OC.  Check out some local meetups in your area to connect with more investors.  

OCREIN - Unlock Your Real Estate Success: Stand Up and Connect! (biggerpockets.com)

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@Jesus Morales welcome to BP in the OC.  Check out some local meetup groups in the area.

OCREIN - Unlock Your Real Estate Success: Stand Up and Connect! (biggerpockets.com)

Good Investing...

(No cost, no pitch) Forming new relationships and networking may be the most important aspect of success in real estate. Furthermore, learning from the real-life success and failure of other investors is invaluable. This is a perfect place to learn, grow, and network!!

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The connections that perfectly complement you are out there. If you have not found them yet, you aren't looking hard enough. No successful investor will tell you that it is easy, but they will tell you that most could achieve success with hard work and perseverance. Don't give up!

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Are you ready to propel your real estate journey to new heights? Join us for an engaging and dynamic meetup where the focus is on YOU and YOUR success.
Under the banner of "Unlock Your Real Estate Success: Stand Up and Connect!" this event is designed to empower newcomers and seasoned professionals alike to thrive in the ever-evolving world of real estate.
Here's what you can expect:

1. Interactive Discussions: Dive into real-life scenarios, share experiences, and gain valuable insights from fellow attendees. This isn't your typical lecture-style event – it's all about active participation and collaborative learning.
2. Q&A Sessions: Have burning questions about real estate? Whether you're a beginner or a seasoned investor, our panel of experts and experienced peers are here to provide clarity and guidance. No question is too basic or too complex – we're here to help you succeed.
3. Networking Opportunities: Forge meaningful connections with like-minded individuals who share your passion for real estate. Exchange ideas, build relationships, and expand your professional network – you never know where your next partnership or deal might come from.
4. Inspiration and Motivation: Get inspired by success stories, overcome common challenges, and reignite your passion for real estate. Whether you're feeling stuck in a rut or just need a boost of motivation, this meetup is your opportunity to recharge and refocus.

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Let's make your real estate dreams a reality – together!

Agenda:

6:00 pm Pre-Networking (Please order some food or drink)

6:30 pm Introductions

7:00 pm Speaker Information

8:00-9:00 pm Networking