All Forum Posts by: Kevin Santos

Hey @Christian Klock, I help run a meetup group in south jersey, SJREIG. Mostly announced through Instagram, @SJREIG, next meeting is May 19th. Most meetings we do are free but we do some fun paid ones like go-karting, top golf, etc. 

@Max Busca welcome! 

I run a group for RE investors in SJ called SJREIG. You can find us on Instagram, would love to have you at one of the next meetings. It's basically a giant social event with all walks of life, and likely any type of RE investor or pro you may need. If they aren't in attendance, I can promise you someone in the room knows someone ... Good luck! 

@Evan Gross there's still deals to be had on MLS. I've found a few in recent months for clients, but they take more work and "look" different and might have to subscribe to different strategies or a blend of things to make it work. For example, one client buying a Triplex breaks even living there right off the bat, but can rent two bedrooms in his own unit as well and cash flow about $1500 a month give or take. Doing 203K reno and will bump rents when able ... Burlington/Mercer are tough for multis except Trenton, Bordentown City is virtually non-existent, Mount Holly has a few ... When they do come up in the nicer towns, tends to be less of a deal so you might be a few hundred out of pocket.

...South Jersey, that is! If you’re looking to learn about wholesaling or want to connect with a rapidly growing wholesaler, this one is not to be missed! Hosted by our own @frankie_dass and company. 😎

Meeting is October 27th, 6:30 start time. The event is free but we're trying to keep an accurate account of who's coming - Please message @kevin.m.santos after you RSVP through link in Bio! 

Who is Rebuilt?

Rebuilt is an investment firm focused on sourcing off-market real estate deals. Originally founded in 2018 in Lexington, Kentucky and now have grown to 10 locations in 6 different states.

What do they do?

Rebuilt focuses on getting properties under contract and bringing these opportunities to their list of investors. They target sellers through direct mail campaigns, advertising online, texting and cold calling. They work hand and hand with their investors to understand investor short term and long term goals and look to find properties that fit their needs!

Building the future …

Rebuilt’s Philly office is growing rapidly getting more and more properties under contract and connecting with investors of all kinds. They have plans to grow into Southern New Jersey and Northern Delaware which are already in motion, working to open new offices in these locations. Rebuilt recently received a $65 million dollar investment and has a goal to triple in size within the next 24 months including more locations and more opportunity for employment. Rebuilt one day plans to become your one-stop-shop providing real estate deals, lending, property insurance, property management and more!

See you there!

Hi All! 

While RE meetup #37 didn't go as planned, we learned some fun lessons in pivoting which is something you will often do in real estate and business! That said, I'm excited to intro our next meetup with Bonnie Galam! I’m a little late in posting this so hope you can still make it! 

Bonnie has quite the resume - she is an owner of a 7-figure, 120+ door, self-managed rental portfolio, real estate attorney, founder of Landlord Law School, host of the Good Bones Real Estate Investing Podcast, mom of 2 toddlers, and sometimes she even manages to get some sleep! Bonnie is one of our most active participants, frequenting our SJREIG meetings and this time she will be leading us through a talk about running your business legally and effectively!

  Think of it as "Landlording 101." If Bonnie's intro doesn't say enough, this meeting will be PACKED with a ton of value for beginners and pros alike - again for free. :) 

You can learn more about Bonnie, her firm, RE activity, or podcast by following her on Insta: @bonniegalamesq 

or her website: 

https://galamfirm.com/

** Side note ** I'm sure if you're anything like me, you are wondering how she manages 120+ doors while running a law firm. While this meeting will focus on the legal side of landlording/RE,  Bonnie may have a workshop in the future on how she has setup and runs her multiple businesses to stay organized and effective. If this interests you, please message me on BP or Instagram @kevin.m.santos. ** 

Thanks, and hope to see you on the 4th! 

Kevin

Being conservative doesn't hurt. Those numbers are a good estimation in my book. Maybe slightly high for  vacancy if anything but again, being conservative is good. 

Such a difficult question to answer… all depends on what you want, the amount of work involved and strategy. 

However you'd be hard pressed to find high COC returns in areas like Marlton or Mount Laurel. In middle of the road type areas I'm still finding 8-9% with relative ease and room for improvement.

I've been doing the BRRRR strategy though yet to refinance, bought 2 in last year and will have 0 money left in after refi (massive reno projects), so it all depends on your capability, and how much grind you want to put in, in my opinion...

The more work, the higher the return should be. 

@Joe Martella I'm still finding things to work on! Actually just passed one on to a flipper :). Call me 

@Nadia Hale, I concur with Jacob, All those areas will cash flow less but should be much less headache. I'm in Audubon, have rentals in different towns in the area and finding tenants has been 0 issue, finding GREAT deals takes much more ongoing work and patience. 

Hi All! 

Our next meeting will be hosted by Marcus (IG: @Marcgates). 

Marcus has been investing in RE the last 14 months full-time. In that short time, he's been able to acquire 4 doors, completed a fix and flip, and even started a home remodeling business completing several projects already to date. He's done this with the help of the SJREIG community and leaning on like-minded investors, and now is giving back to people who might have been in his shoes just a little over a year ago. 

Marc will be walking us through his newly acquired flip project in Camden, NJ. Marc will share how he found the deal, how he funded it, the #'s, and you'll get to see what a property looks like after it has been taken apart before anything get put back together! 

Please message me on BP or IG (@Kevin.m.santos) for the exact location, as the house is vacant and we don't want to reveal the address publicly. :) 

- Kevin 

Hi All! 

This one is more for fun and doesn't have any real focus other than a friendly Cornhole tournament while talking real estate. There's always a great crew of people who are investing or looking to shortly so come out and have some fun! 

Please sign up at the link if you're coming and don't forget next week's meeting (SJREIG 35) with Robert Leonard :). 

Kevin