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All Forum Posts by: Joel Lopez

Joel Lopez has started 4 posts and replied 6 times.

Post: Mid-Term Rental in Rochester

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1

Hello!

I'm looking to connect with people that are doing mid-term rentals in Rochester NY.

I have many questions about midterm rentals in Rochester. Such as property management, cost of utilities, and typical vacancies.

Thank you

Post: When to pull a new list?

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1
Quote from @Daniel Leonardis:

I can only tell you how we operate and maybe you can take it from there. We have VAs doing cold calling non-stop to setup appointments with people for our pro to close.

We skip trace 1,000 prospects, we call them each 9 times at least within a month. Then next month we scrub another 1,000 prospects to call.

That's about 450 calls day.


 Thanks Daniel. I currently do all of the calls myself, I'm able to dial about 230 numbers in an hour but that's just numbers dialed and not contacted. I have no idea where to pull more numbers from. I pulled possible vacant properties in the only two counties on the island but have come up with nothing this month. I'm thinking of driving for dollars but for some reason I convince  myself that what I find others have already found...

Post: When to pull a new list?

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1

Hi!

I'm a newbie wholesaler and my current marketing strategy is cold calling. When should I pull a fresh list to call from? 

Any advice would help, please and thank you!

Post: New York Governor Wants To Eliminate All Zoning Laws

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1

This would be great. People are doing this already by creating apartments in basements or second floors of their SFH. I doubt we'd be able to create apartment complexes. Also this would be very helpful for newbies such as myself to secure a duplex to house hack in this very expensive market.

Post: Long Term Investing Idea

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1

Hello everyone. I have an idea and wanted to know if it was at all valid.

I currently don't have any properties and was going to start wholesaling to increase my capital to then be able to buy and hold rentals.

My new idea is that I can get a property that needs some rehab but can still be financed through a mortgage, take my time remodeling it while having it as my primary residence, then rent it out, refinance it and start the process again with another property and do that a few times till I have enough to buy properties with all cash or hard money. 

Does this make sense? Is this basically a live-in-BRRR? Has anyone done this? I feel like I have the time to do this because I'm just 23. I just don't have enough money to buy properties in all cash in my area.

Please let me know your thoughts.

Thanks, Joel

Post: Newbie In Long Island, NY

Joel LopezPosted
  • Wholesaler
  • Long Island, NY
  • Posts 6
  • Votes 1

Hello! 

I'm looking to get started in the Long Island market as a wholesaler. I'm currently looking for people to collaborate and meet in the real estate space here in Suffolk county. In addition to that, I'm going to start building my wholesaling team. I'm open to meeting new people and helping with anything I can.

I'm mostly looking for any ongoing meetups and/or individuals that do real estate in my area.

Thanks,

Joel