All Forum Posts by: Roberto Rodas

I want to give you all thanks for the feedback you provided. You guys have giving me a lot to think about, especially with underwriting. Again, thank you all!

2 Votes

Good afternoon Everyone,

I've been interested in RE investing for awhile now, specifically multifamily. What are some factors to really consider when analyzing mulitfamily properties. I am really just looking at duplexes but considering properties with more units. TIA

1 Vote

@Nadia Niswander

Count me in as well!

0 Votes

@Ben McMahon

New investor/wholesaler in the Winchester area, would definitely love to pick your brain about the Winchester area as well!

0 Votes

Hi, I’m a new wholesaler in Winchester, Va.

An issue I seem to come across is that there is very little comps from what I can see. I’m sorta getting an understanding of what price a property would sell for depending on SQFT, Ba, and Bd. The only list I’m working with right now is my driving for dollars but I’m going to expand onto it. I guess I’m just wondering how other wholesalers or investors have approached a similar situation. Thank you in advance.

0 Votes

Originally posted by @Justin Reed:

Direct mail. I pull assessor data (with a direct link to RealQuest or DataTree depending on my acquisition criteria) of the type of properties in the areas I want and send ALL the property owners an offer. I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. I explain in my offer letter to sellers that I am a serious investor, not and agent/broker, I pay cash, and are prepared to close as soon as x days.

Then I sit back and wait for the motivated sellers to call us. You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for. Believe me - it works like a charm. That is how I GET THERE FIRST. By the time a deal reaches the MLS or a lead source, someone else has already beat you to it. Also, knocking on doors (aka "driving for dollars") is an outdated way of doing this and honestly isn't worth your time. It's no longer about possible subject to leads - we now have DATA and computers and direct mail to get there first.

Data quality is important so I would avoid ListSource or other lower quality data providers. Your time is more valuable than cold calling.

Please feel free to reach out to me if you have any additional questions - I would love to help!

Hi Justin,

How long do you wait before sending direct mail? I am just getting started in wholesaling and I am giving myself 2 weeks before sending DM to the properties again.

0 Votes

Originally posted by @Lydia R.:

@Roberto Rodas You are welcome! Having bird dogs that bring you leads is invaluable. Dont forget firemen, policemen, bail bondsmen (yep) Uber drivers, city code enforcement officers and landscapers.

Definitely going to do this! Thank You!

1 Vote

@Arel Avellino

Hi Ariel,

Hope all is well! I’m a new investor in Winchester and would like to get together and get your thoughts on the Winchester market. Take care.

0 Votes

@Ryan Owings

Hi Ryan,

It’s great to see that there are other investors in the BP community that are local! I myself am a new investor in Winchester, just currently taking sometime to learn and soak in a lot about the WC market and real estate itself! Maybe we can link up and chat sometime! Take care!

Roberto

1 Vote

@Andrew Michael

I meant to address you by your first name, not your last. My apologies!

0 Votes

All Forum Posts by: Roberto Rodas

Roberto Rodas has started 3 posts and replied 19 times.

Post: Key Factors To Consider

Post: Key Factors To Consider

Post: Newbie investor in Winchester, VA

Post: Newbie from Centreville, Virginia

Post: Small town with little comps

Post: How to start wholesaling / finding sellers

Post: How to start wholesaling / finding sellers

Post: New investor in Winchester VA, Looking to meet other investors

Post: Connecting with agents, investors and PMs in Winchester, VA area

Post: Wholesale Deal Analysis