All Forum Posts by: Kevin Sindorf

Quote from @Karen Margrave:

@Kevin Sindorf I've sold properties to BP members, and all have been due to them reading my posts, or coming to a meet-up.

I've read posts others about buying leads from BP; and it doesn't seem they're high quality leads of hot prospects, but lookieloos.

 That is my worry.  I think I will maybe go with a premium or pro membership on the site and find connections that way instead.  The price per lead is STEEP.

Quote from @Russell Brazil:

They are low quality leads and cost a lot.

The main issue with the lead is each lead is sent to 4 different agents. So even in the rare instances where it is a good lead, you have 4 separate agents chasing that lead. I actually feel like it is unethical to be charging as much as they are for the lead and sending that same lead you paid for to 4 different agents.

Do you feel that going pro or premium is the better option and staying active in forums for leads? 

Multiple properties if you can swing it!  If the numbers make sense to acquire two properties and they cash flow at the current interest rates, you can always refinance later and see a big increase in profit when the rates correct themselves.  Who are you using for your 1031 exchange?  I am looking to connect with someone who handles these in the Nashville area.

Jack,

Do you have a relationship with a local banker?  The selfish real estate agent side of me would want you to sell, but it would probably be smarter for you to hold especially at that interest rate.  The reason I posed the question about a local banker, you could either do a HELOC on that property or a portfolio loan if you have other rentals to make your next purchase.  Utilize your monthly profits from the other properties to pay back the loan.  The appreciation in the Nashville market has been good, and looks to continue to be that way based on all of the influx of business and updates happening downtown.  Final answer - keep it and get creative on funding your next purchase.

-Kevin

Hello Sam!

Sent you over an invitation to connect.  I have experience in long term and short term rentals in this market, and have lived here the majority of my life.  I know all of these areas well, and I am happy to assist you however I can.

-Kevin

I agree with Trevor's thoughts above.  Extend the contingency period, and you are likely going to be dealing with multiple contractors to get all of the issues fixed.  If you are an agent, reach out to other agents in your office for their recommended vendor lists and start making calls!

Hello BiggerPockets Real Estate Agents!

Have any of you opted in to be a featured agent on the BiggerPockets site, and what experience did you have from it?  I'm not knocking the site, but the leads seem a bit pricey compared to other sites.  I realize they somewhat vet the leads prior to sending them, but I was hoping to gain some feedback from agents in other markets as to whether or not they found it to be valuable to their business.  Was it just another list of leads, or was there a pretty solid conversion rate?

Quote from @Jamie Jones:

@Kevin Sindorf how did you find a purchase price this low in Wilson County in 2022? 

 The home was purchased in 2009.  It’s a buy and hold investment, so I have held onto for quite a while knowing I can’t sell and buy anything comparable to it for that price.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $205,000

This was our purchase that we did not live in prior to making it a rental property. This was purchased solely for the purpose of it being a short-term rental property.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000

Third home purchased as a personal residence, that we have now converted into a short-term rental property.