All Forum Posts by: Ray Choi

@Marlon Jackson You have to be able to properly train the VAs. I think services like Lamassu are game changers for wholesalers. You only talk to highly qualified and motivated sellers and you don't waste any time training the VAs. Check out @lamassuleads on IG. There are other services, and they will simply put out a higher volume of calls vs some of these VAs

 I sent you a DM

Hey @Ray Choi

Generally the same marketing strategies work regardless of the market...just with some market specific tweaks. It's going to depend on what you're willing to spend in terms of time, money and effort. At the end of the day there are people in the bay or anywhere else with SEO, some with direct mail, some with FB marketing, some with cold callers and text blasting, some with other things like TV and radio ads. It's all going to come down to what makes sense for you and your time/capital budget. They all can work and the best results usually come from a combination of efforts. My main suggestion to anyone, in any market is to pick the strategy that you can stick with the longest because it can take some time to get those first deals, especially in higher priced markets. The second thing I'll advise is to pick a marketing method that you can do in a MEANINGFUL way. If you're only able to send 500 pieces of mail a month you are going to be hard pressed to get a deal in any reasonable amount of time because it's a numbers/volume game. PPC is the same way...if others in your area are spending $2500/month on ads and you can only afford $300, it's not going to be effective and you'll get frustrated. 

Hope that helps a bit even though it's general...good luck!

@Ray Choi welcome to the game! I don't have any personal experience with Thatch's program so I won't comment on it. I will say that wholesaling, BRRRR and house hacking are phenomenal ways to get in the game and can be very capital efficient. That being said, they all have their pros and cons...and no matter what anyone says, there is no such thing as a free lunch or "no cost investment"

Markets like the bay area can definitely be competitive, and they can be equally rewarding as well. Wholesaling for example will likely yield lower total transaction volume than low priced markets, with a higher marketing expense as well....BUT, they will also typically yield much higher payouts per deal so it can be worth it. 

Regardless, you're in the right spot and asking the right kinds of questions...if you have anything specific you want to dig deeper into, feel free to reach out directly. Until then, happy investing! 

Wholesaling is definitely a thing and most likely place for you to start. Do you own your primary residence? How much money do you have available to invest in real estate?

 I studied about 10 markets around the country. My main focus points were:

- What kind of cash-flow can I get with a minimum down payment?
- What are the local/State laws around real estate ownership and landlord rights?
- What is the median price point and what are the growth projections?
- How quickly/easily can I get to my property in case of an emergency?

After researching for about 6 months, I decided on Northern Arizona and bought my first property here. I loved the experience, and wanted to see if I could repeat it, and within 6 months, I bought my second one.

I was able to drive roundtrip over the weekend, do multiple walkthroughs and put offers. I had to do that many times (and sleep in my car) because the market was so hot there was a lot of competition and ended up almost always outbid by AirBnB investors.

I'm really glad I ended up buying here because I loved the region so much that I relocated here and now do this full time. It's so much fun and I can still find cash-flowing properties on the market any day of the week!