All Forum Posts by: Johann Villalvir

Columbus, like many other areas in the Midwest, it's a great place to invest. Have you thought about investing in Indianapolis?

I've noticed that in-person REIAs are not as useful as they used to be anymore. Very few people show up and everyone seems to be very old school. Do you guys have an example of a REIA that's lively with tons of opportunities?

Congratulations on the decision. Why Cleveland?

Hey Mendez! As a data scientist, I've sold data to several of wholesalers before. Some of the potential sellers they market to:

-Probates

- Divorce

- Eviction

- Code violations

And all sort of combinations.

Congrats on your first buy & hold! Have you considered visiting REIAs in your area? 

The biggest issue I've found when using deal machine is that since it's a available to everyone, once you reach an owner they are fed up by all the marketing they have received and are ready to lay it on thick on all future callers.

Anyone can drive by a neighborhood and think they spot a "diamond in the rough" when they see overgrown weeds, an abandoned vehicle, or other deteriorating conditions. 

Your goal should be to reach potential sellers whose status is not obvious from the condition of their property, as these have been over-marketed already

Calculating ARV is more an art than a science. Give a property to 10 real estate agents to get an ARV and you will end up with 16 different ARVs. For us, we use machine learning and big data to predict the ARV as close as possible, however, there are several factors that sometimes the data does not account for (distance to train tracks, traffic patterns, ratio from renters to owners) that can affect the ARV differently street to street.

This problem is very challenging to solve right now due to the unpredictability of costs (labor + materials). You can create a generic calculator with the current prices for everything similar to what @Adam Oldham is building, but some inflation assumptions have to be made

This is very similar to an app I built, so here's my two cents: when asking users, you will get a lot of mixed feedback and most will be negative. But once we built it and put it in front of people, they just "get it" and did not think they would love it as much

Are you looking for on or off-market deals?