All Forum Posts by: Olivia Radziszewski

@Tommy Feraco Jr- I have found that I am most effective when I focus most of my energy toward one thing at a time. In my business I have implemented time blocking and I have worked on getting one aspect of my business up and running before I move on to the next. Awesome game plan! Sounds like you have big goals. 

@Gregory McKinley- Congrats!

@Gali Masury- Information will be different based on area-yes. They usually mention in the webinar that they are teaching you general concepts. If you every need help with info about investing in Chicago let me know! I would be glad to help. 

@Blake Ramsey- Thanks for posting! I was in a similar position. I got my Associates, when it was time for my to enroll and finish the last two years for my bachelors it was made clear I would have to be paying. I at this time already found real estate investing- at that time I never thought that I would be an agent- and did not finish school in pursuit of immersing myself in my investing. As I have gotten older I do see the benefit of having a degree. I would consider, what you are going to do as a career while you build your real estate portfolio. Ultimately in order to get pre-approved and have a deal flow you need to be a table to qualify for loans. What is your plan there? Good luck!

@Dillon Tweed- Hi, hopefully someone from your area comments! I will say what I have seen across the board is many people finding deals on the MLS. There seem to be more sellers willing to have conversations that they would not have been willing to have a few months ago. If you are not already connected with a real estate agent that is a great place to start! They may also know of off the market properties. Good luck!

Have you thought about renting out the room you were in so that you can have a lease that offsets at least some of the mortgage?

Hi,

As an agent I have worked extensively on building my network and continue to do so. I put a lot of real estate content on my social media and anyone who interacts with it, I find a way to connect with them. I typically will try to set up a coffee or lunch to touch base and talk more. This typically helps the relationship grow. This helps isolate the people that find the real estate investing content interesting. I also, am always talking about real estate and my investments. This sparks up many conversations and has people come to me when they are looking to purchase an investment whether their first or simply their next one. For my clients, I have some off the market properties that I am steadily sending their way. 

I find these through similar avenues, my network. Of people who I know are willing to sell but do not necessarily want to put it on the market. Or, I will find motivated sellers and filter it through my list of investors. 

The key to all of this is I have a list of all of my active investors and a list of all of the properties I have available to present to my investor clients. Then, I maintain a consistent communication with each side. For every situation it is different, sometimes this means weekly and sometimes monthly. I gauge the situation. 

@Josh Burtch- Hi,

Is the reason that they are telling you the 20% down because of your financial situation when they run your application?

@Kesha Ferguson- The first step, in my opinion, which was alluded to in the previous comments, would be the figure out the laws in your state. 

If you are only planning on flipping it though, it may make sense for it to be vacant! There are also creative ways to plan for any issues if you do have the tenants stay. You can ask for the seller to put money into an escrow account just in case anything happens with the tenants and you need to evict. When the leases are up and the tenants are out, the money gets released to the seller. 

I will say that decisions like this are very personal. I have seen this done with the tenants kept in place with screening (and frankly without) successfully and then have also seen individuals struggle. However, I have also seen the difficulties that can arise out of having it delivered vacant. 

Personally, I generally prefer to have the units vacant. It gives me an opportunity, to first of all change and update anything right off the bat. As well as an opportunity to put tenants in there that I chose. 

@Al Anderson-

Congrats and good luck finding the next one!