All Forum Posts by: Ivan Avila

Hey Nicholas, I'm an OOS agent/investor from California originally from Chicago. I'm looking to purchase SFR's for cash flow (via BRRRR) and multi units in NW/N Indiana. From the research I've done, it seems like NW Indiana is the better option for cash flow compared to most areas in Chicagoland. Would love to connect more with you!

Hi Gloria, I'm looking to purchase rentals in Indiana - whether it be Northwest/east or Indianapolis metro or both. I'm still in the early stages of connecting with people in these markets. Would love to connect with you and talk a little further. Thank you!

@Kelly David Sansom Thanks for the tip! I'm going to look into this for sure

@Luka Milicevic 

I'm concentrating more on central and eastern Tennessee (Nashville MSA, Knoxville MSA, Chattanooga), although I am not ruling out Memphis MSA either. 

Hey BP! My year has started off with constant regional and submarket evaluations to decide where my team will purchase it's first commercial multifamily asset. I have got a good handle on where I'd like to start investing but I would love to hear the opinion/feedback of other investors as well... these are the final three states on my shortlist: Tennessee, Florida, and Arizona. Any thoughts?

Hey Bradley, I am also from California looking to move my investments out of state. I've been hearing a lot of buzz about the Carolina's and the investment opportunities they present. I'm not too familiar with the Charleston area but the real estate statistics have been impressive over the last couple of years. I would like to speak with you more about commercial multifamily primarily 26+ units in your market, let's connect!

Hi Family,

Does anyone recommend a good VA service that can do both outbound prospecting calls,handle inbound calls, and lead qualification?

So far I found MyOutDesk and Virtudesk... does anyone have experience with either of these?

Hey @Michael Van

What type of deal are you referring to exactly? 

In my market of Los Angeles, when dealing with flips, we typically look for an ROI of 15% or more. If the ROI is less than 15% but the profit is $100K or more, we are comfortable moving forward with that deal. Of course, it really comes down to a case-by-case basis for us.

On the rental aspect, we mainly look at cash-on-cash returns and asset appreciation.

Hey @Ladarius Eatmon

Congratulations on starting a new career! Real Estate investing is a business that can be tough, but very rewarding if you have a great understanding of the fundamentals of Real Estate Investing paired with good sales & negotiation skills. 

"Driving for Dollars" is one good way of prospecting for off-market deals. The best way to come to a number that you will offer to the seller is by analyzing your market (where subject property is) to first get an understanding of what homes are selling for in the area, then, you have to estimate what the rehab is going to cost for the property. It may be difficult to pinpoint an exact number before seeing the property in person, but you can get a ballpark (estimate) number to use in your deal analyzer. You can get ballpark numbers by investigating what typical rehabs cost in your area. For example, in my area of Los Angeles, a cosmetic fixer would cost me anywhere between $75-125,000. If I'm forcing appreciation (adding sq. ft), the costs would range anywhere between $125--200,000+. I focus on high-end SFR so my rehab costs are going to be higher than the average.

There are more factors that can contribute to calculating what you will offer the seller but the main things to keep in mind is:

1. What Fixers, Turn-Key, and Rehabbed homes are selling for in your market. (To estimate what you are able to offer the seller and what the property will sell for once flipped)

2. What the typical rehab costs are in your market. (To estimate what your repair costs will be)

These are just a couple of tips to help you get started analyzing properties. I hope I was able to provide you with some sort of value!