Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 14 times.

Post: Commercial agent? Fredericksburg area

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

Hi @Martha Nowlan ... no need to apologize. You're not late. If you're posting a response, you're right on time. Thanks for your help.

How was your fall color this year?

Post: Commercial agent? Fredericksburg area

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

My friend is leasing the space for her business. She will need a commercial agent for her next step. I've called my network and got one great referral. But I deeply care about her business outcome.

As a super researcher, I'd kick myself not asking for potential great referral from you here on BP. I'm trusting my REI friends more and more. Like-minds ... and I know the results from our way of thinking. They're really good.

So who's a Fredericksburg area commercial agent you'd trust with your business?

Thank you.

Post: NOVA to RVA, seeking T.E.A.M. minded wholesalers

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

Our job is to find and present good and accurate deals to investors. The better that is, the more we all earn.

In my misfit real estate agent years, I got insanely good at comps. That means accurate sale & sold pricing and even predicting the future value - up or down - of SFR houses. Insanely good. It's why I'm so glad about becoming an investor. I've finally found my place and you are my people.

Now, I interview investors before putting them on my buyers list. What I've learned from them so far:

  1. Finding a property, that's a good deal, is the hardest part.
  2. It seems quite a few wholesalers aren't great at comps and ARV's.

So ... now I'm about to focus on ARV's as if my life depends on it ... because it does. It's all about the numbers. It's always about the numbers. More on this another time.

This is where that T.E.A.M. minded part comes in. If you want to go solo, and do it all, great. I fully support you. Let's JV sometime where it aligns. We're not competitors in my world.

What I'm going for is something bigger than any of us and all of us. T.E.A.M. isn't cliché. Just like football, baseball and basketball - or any business you see when driving around - teamwork is very real, very rewarding and very profitable.

It creates winners. Not Winner. Winners with an s. Even pro golfer and tennis champions have caddies and coaches.

--

Where are we now?

Next is exactly why I'm writing to find you. I found a local guy who's on the same page. We met at a REIA meeting. He inspires me. We've similar goals and we play to boost each other's strengths.

  • He's the CEO (in my opinion). It's really his big picture here. His role is acquisitions. He has a far better buyers list than I and he's worked for a long time to build it.
  • I'm the research, data and analyst guy. I'm heavily focused on marketing systems - online and off.
  • We each have our own business and goals. We're just working together where it actually fits.

We're both cold callers, but I'll do more of this role moving forward. Still a work in progress.

We're here to help people; human beings just like us. They're not a number. We're not robots. I care so much it actually gets in my way sometimes, but I won't stop caring. It drives me.

We're doing the necessary work.

We just need more reach to get greater traction.

So you, my new friend and potential teammate, are needed to help expand reach. But it's all about using your strengths. If you're not into comps and ARV's, guess what? You're part of a T.E.A.M. that has you covered. Don't like cold calls? Covered too.

--

Do what you love here.

--

If you like driving for dollars, networking, door knocking, etc., whatever it is you love doing most to make this work ... let's talk about it. Let's see where you fit. And for some, maybe you need a bit of training and support to figure it out. Let's build your confidence ... in all areas of life. I'm here for you ... but only if your effort matches your words.

The business model isn't a secret. It's a proven model. We're developing those systems now. We just have to put in the work (and we already are).

--

Where are we focused?

Our focus is NOVA to Richmond and back, so if you're in or around those areas, let's talk.

--

Qualifications?

The only thing that matters here, your consistent effort to get really good. That's it.

So if all that works, are you truly T.E.A.M. minded? Send me a message.

Post: Wholesaling in Northern Virginia

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

Change is constant, so there's always room for something new.

I'm pretty new to the REI part, but one thing I've learned about real estate is this: There are always deals (i.e. there's always business). Many years ago, I heard that statement for the first time. I was younger, naive and didn't have a clue what it truly meant.

Market conditions don't matter - for the most part. It only makes it easier or harder to find the deals or business. What matters? Doing the work regardless of the market. Get good at doing the work. It's a learning process.

Post: Real Estate Attorney in/near Fredericksburg? (NOVA to Richmond)

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

@Dan Barli No. I didn't. But I did search after your question. When in a small, highly peculiar town, it's actually more efficient to ask our regional network.

Plus it helps show factual like-minded teamwork. @Damon Pendleton proves it with his reply. Even better, I recently and finally felt what it's like - on the receiving side - of authentic "give before you get." This is specific to the real estate industry. It's indescribable! I've learned just how powerful like-minds are. Litmus test. Fortune-teller. Had many hard lessons, but I've learned better.

Post: Real Estate Attorney in/near Fredericksburg? (NOVA to Richmond)

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

@Damon Pendleton Beautiful. Thank you for your time answering. I appreciate that.

Post: Real Estate Attorney in/near Fredericksburg? (NOVA to Richmond)

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

"Find a great attorney." I'm following this wise business advice upfront. Contracts are too important.

After searching Google and reading thru websites, asking ones' network is still the best. So from NOVA to RVA, would you recommend a great real estate attorney in or near Fredericksburg?

Post: Lot in Raleigh. What would you do?

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5

For anyone relating to this situation or curious, here are posts I read that helped.

I still have to check zoning, but I found one comment really stood out ...

Originally posted by @Clifford Kearns:

I am a general class A Contractor in Virginia. The best and cheapest way to do a duplex is buy a modular unit you should be able to put that together for about $75 to $80 per square foot. The time line is the best because you can get the construction done and ready to rent in 45 to 65 days!

And that sent me down a modular research rabbit hole. It would best conform with the neighbors.

Post: Lot in Raleigh. What would you do?

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5
Originally posted by @David Mohrmann:

Kevin Foster the Triangle is on fire right now, if you are in the right location. Homes are being torn down left and right, and if these same homes were located in any other area, would be perfect starter homes.
I’d advise your parents to check their neighborhood for recent transactions and see if there is any building activity going on. You can check building permits with wake county to get a better idea.
If the lot is outside of the city limits, there might not be as much competition because there are planned developments going up all over, so unless the lot offers some unique amenity, it would be a hard sell for someone looking to build.

 @David Mohrmann I appreciate you so much right now. I've researched the general area and think it's a good long game opportunity. It's a bit of work figuring this out. I'm using my old real estate agent skills, but this investing side is all new. Wish I learned about it when trying to be an agent! My data/stats/analytical/math brain is more suited for investing. It's way more fun.

Post: Lot in Raleigh. What would you do?

Account ClosedPosted
  • Fredericksburg, VA
  • Posts 22
  • Votes 5
Originally posted by @Account Closed:

@Account Closed

Sorry not able to get into too much detail here. I would advise you first to talk to Planning. 

@Betty T, no apology necessary. This was amazingly detailed. That's also why my parents wouldn't do it. If building a place were to happen, I'd have to do these things. I'm game.

Funding would be okay. They'd qualify. Yet they're very old fashioned and risk averse, so I'd have to present this well. Thanks Betty.