All Forum Posts by: Murray Reginald

This frees you up to do what you're best at! Look at different real estate investing groups in your area on facebook and ask around to see which VAs they are using. Sites like fiverr and upwork are great for that, but do require a lot of sifting through. Good news is lots of people in the industry use them, so if you get connected with someone in your community who uses a VA, they usually have a plug for you!

Good luck!

Thanks, I was thinking about using REVA however, they have one set price for all of there VA's plus they are charging an onboarding fee as well, expensive but it may be worth the price.

0 Votes

Houston, Texas

Quote from @Richard Capers Jr:

Having a good CRM will allow you to track your leads more effectively. If you hire a VA and need to replace them, how would you track your leads? Narrow down what you'd like you VA to do or even better figure out what you don't like to do then hire the VA to do those tasks.

Thanks for the update!!!

0 Votes

Houston, Texas

Hello BP,

I'm curious if I should continue to use a CRM or should I use a virtual assistant (VA) as well, I am currently using a 3 touch campaign with a CRM (Post Cards, Ringless VM & Email etc..) however, I've just discovered there are VAs out there that can do most of my wholesaling task (cold calling, comps, list building, negotiation etc..). Does anyone know any great VAs you can recommend? What are the cons? What are the pros? What is the cost? I am also running bandit signs in my farm to market area, am I doing over kill? I've just started out on this journey and wanted to hit every angle I can to find motivated sellers.

2 Votes

Houston, Texas

Hi Kerry,

Thanks for the information, do you have time chat via phone?

0 Votes

Houston, Texas

Hi BP,

I may have to wholesale some properties in order to gain additional capitol to purchase properties however, my question is, what is the best way to connect with Investors, do you think a REIA meet up is the best place?

0 Votes

Houston, Texas

Hi BP,

In the last few months I have made some huge strides into my business and can't wait to get my first deal. I've finally came up with a strategy which is BRRRR, I've obtained the following tools for success: Brand Name & Lots Of Marketing. I am extremally motivated in my pursuit to financial freedom and love looking, listen to every podcast, you tube or book I can find, because this keeps me rooted.

I have a question about BRRRR, If I am using hard money to purchase a distress property, then do rehab, put a tenant in the property, then do a cash out refinance, will the bank look at my debt to ratio income being that this is an investment property? Because I plan to purchase more than one property this year and if this is the case, I would be limited to purchasing power however, If that is the case, I would switch to Wholesaling to increase my capitol to have more purchasing power.

0 Votes

Unfortunately I will be out of town during this meeting, I would like to participate next month if possible. I’m a newbie to investing and excited to join like minded people!!!

Reggie

0 Votes

Houston, Texas

Quote from @Account Closed:

Talk to experienced investors who have done successful rehabs before and see what obstacle they faced, costs they paid, etc. Try and see if you can get a reliable local contractor to walk the property if you. Always overestimate calculations when it comes to underwriting a rehab, especially with today's cost of construction.

Thanks!!!

0 Votes

Houston, Texas

Quote from @Bob Stevens:

Quote from @Murray Reginald:

Hi BP,

I've recently connected with some Wholesalers to purchase under market properties (70%-75% ) that I could BRRRR however, I was wondering what type of precautions if any should I take when doing transaction with wholesalers, should I sign a contract and should I pay a down payment? The contract states the down payment is NOT contingent on anything beyond the conveyance of clear and marketable title to the property. I am not trying to bash anyone or think that wholesalers are crooks, I just know that there is always some type of scam in anything where there is $$$$$$, and to invest large amounts of money is nerve recking!!!

You do not give the wholesalers any money, it all goes to the title co. Also you do not buy at 75% below ARV, your ALL-IN price needs to be at 70- 75%. Correct all deals are AS IS, so you need to walk them or a member of your team does. I STRONGLY suggest you get to a meeting, and learn 1st hand

BTW, the only way you are going to lose money is if YOU do not know what you are doing. They are not making you send money, or making you close. You walk it, run the numbers, if it makes sense, then move forward.

All the best

Thanks for the information by the way what meeting are you speaking of?

0 Votes

Houston, Texas

All Forum Posts by: Murray Reginald

Murray Reginald has started 29 posts and replied 74 times.

Post: CRM vs. Virtual Assistant (VA)

Post: CRM vs. Virtual Assistant (VA)

Post: CRM vs. Virtual Assistant (VA)

Post: CRM vs. Virtual Assistant (VA)

Post: What is the best way for a Wholesaler to connect with Investors?

Post: What is the best way for a Wholesaler to connect with Investors?

Post: I have a question about BRRRR

Post: Houston Heights REI Meetup - June 2023

Post: What are the best tools to Analyze Properties???

Post: How to tell if you are being scammed by an Wholesaler?????