All Forum Posts by: Nathan Pylant

@Ahmaad Green

Hey Ahmad!

Join the “Atlanta Real Estate Investing Meetup” facebook page. Great content but there is also a monthly meeting that is a great place to network. This month it is Sunday June 13th from 6-8 PM at the Ivy in Buckhead. It’s completely free so definitely a great place to learn and network!

Hey Amanda!

I have listed some below that I have had some clients use:

Hero Build Solutions- www.herobuildsolutions.com - 404-600-9261

Pro 1 Renovation- www.pro1renovation.com - 404-786-9457

Gato Real Estate & Construction - 404-254-6487

Hope this helps.

Nate

@Essence Leandre

It’s done all the time. It just adds a step for the wholesaler in my opinion. They need to do their due diligence on the tenants and factor that information into the deal (leases, how many people per unit, etc.).

Daniel, 

I was in the same predicament. I chose to go ahead and get my license and am glad I did. I still have a side of my business that would be the same as if I was just wholesaling. I market to distressed owners/landlords. Explain that I bring the credibility of a licensed agent but can provide the transaction of a wholesaler. I tell them that if they would like to sell, I can market the property to the network of cash buyers I have free of charge (I also explain that in this scenario I would 100% only represent the buyer). Where I make my money is I have a flat fee for finding the property that in the contract states the buyer will pay if the seller does not (my buyers know this and expect to pay).

The only downsides to this is you cant hide a large (10-20k) assignment fee that a typical wholesaler would. However, what I have found is that there are MANY deals in between the ones that would have enough meat on the bone for those types of assignment fees. 

I would rather have my license and protect my ability to continue to broker real estate transactions than bank on wholesaling remaining completely legal for the years to come.

Hope this helps!

Hey Jakarri,

Absolutely possible, however, I have really only seen two methods works successfully:

1) A property manager relationship is boots on the ground for you. (This will require you to be very good at networking/relationships, but also require more due diligence on your end)

2) Find a partner that lives in the area you are looking to do a deal and and let them be your boots on the ground for you. (They can do a lot of the due diligence in person, network with potential buyers, etc. Drawback is you'll be splitting an assignment fee with them.

In order to provide the most fair price and most information on your deals you will need to be extremely efficient (because you are adding even more value which is harder to find). 

1) You will need to lead gen like a machine. 

2) When leads come in, you will need to be able to disqualify the bad ones extremely fast. (Now the metrics you are looking for)

3) For the good ones, you will need to know precisely the next steps/conversations that need to take place to get the deal done. 

Welcome and best of luck starting out! 
 

Hey Anye,

Here are two contractors that my clients have personally used for outdoor structures and provided great reviews.

ProView Deck Contractors - (678) 263-3311

2HIREaHandyman - (678)293-0248

Hope this helps!

Nate

@Hailey Robinson

Hey Hailey!

This can be tough when starting out as there are a lot of people out there that just want to be on an investment opportunity feed but have no real intention of every buying.

That being said, here are a couple things we’ve done that helped a lot (I’ll list most useful to least):

1) Join investor and wholesaling facebook pages for the market that you intend to be sourcing from. Some of these pages have thousands of people hungry for deals. Should be extremely easy to get emails.

2) Craigslist... there are people all over it looking for deals willing to give out their contact info. A different approach is placing a “tester” ad on Craigslist (posting a fictitious sf rental deal to see if the specs you choose can drive contact) and when receiving calls about this property you simply say “It is no longer available, however, would you like to be added to my investor list to know about the next one?”

3) Once a deal is secured, you can post on BP’s “Find Deal” —> “Real Estate Listings” section. Thousands of people looking for deals on there every day.

4) Lastly, tik tok and Instagram. Create reels about potential deals, use hashtags that many follow, and watch the views come in. (This one is more time intensive for less immediate impact, but is the gift that keeps on giving later down the road).

Hope this helps. Welcome to BP and best of luck starting out!

Nate

Hi All!

Always looking for feedback! Would love to hear thoughts on my current approach and maybe what I could be doing better.

1) I am finding communities of small multi-family (duplexes to 8 units) that I like the properties, area, and potential price points. 

2) I then create a semi-custom letter, typed out, that I will then mail the property owner. The custom part of the letter is the owner's name, the type of property (duplex, triplex, etc.), and the street that the property is on. I Introduce who I am and what I do (realtor focusing on sourcing investment properties for my clients) and then explain that I liked there property (also ask if not this property is there another you are interested in selling). 

3) If I receive a call back with an interested seller, I ask if I can schedule a time to walk the property in the next 48 hrs to get them an official offer. If I don't receive a response, I will follow up two more times over the following 2 months. 

I have just started and am only doing this in waves of 100ish letters a week in order to be able to pivot in strategy should I see an opportunity. 

Does this sound like a sound strategy? If not, what are some areas of opportunity?

Kings of Capital has been pretty good to us. I believe they are out of Texas, however, we have had no issues using them in Atlanta. We have used them for flipping as well as initial financing for buy and hold. Lots of good info on their website. Only thing to remember with any hard money lender is be honest about your situation, but do your homework and know what you are looking for. Hope this helps!