All Forum Posts by: Ruben Kanya

@Scott Savard you're the man, thanks for bringing it to light. Headed there thank you!

First of all, I hope everyone is doing well wherever you are and if you have the luxury to be reading this post, I would like to address the obvious. What are some things that we can anticipate will happen in our local markets with fed rates dropping, businesses temporarily on hold...what types of real estate will be impacted the most. For buyers, sellers, agents, mortgage lenders...

...for example, rates have dropped down very low so there is a large volume of folks refinancing (as they should) what can we expect for folks who were currently looking to invest right now? I have 2 buyers that are on the verge of terminating their contracts... Should an investor wait at this time? Buy right now? Should one sell?  Will home values drop? Do you see any impact as a multifamily (apartment) investor?

Please share I think this is an important conversation to have, we welcome any type of feedback with respect to your business model, it's good to paint a picture and understand how everything may interconnect with our current economic situation with the occurrences of what is officially being called a pandemic.

Hi Antonio, May I ask for your contact details

@Antonio Malachi are you looking for a person to plot into an existing system or do you also need the systems as well?

I can most certainly provide any insight on resources, it depends how involved you want to be or if you're looking to plug in a solution. Finding the right person and having the right systems (dialer, list, call to action, follow up process, list) is key, speaking from experience. 

I've built a team of over a dozen which started as a service for me which has expanded to our partners which you can find on Biggerpockets and on my profile under Invested Talent. For our partners we offer a  pay as you go model and don't lock you into a specific time commitment or contract which makes the price more reasonable. We work with you not for you. Whether you have current systems in place or not, the team will make sure you have the right systems in place to get you started. I can tell you from experience that's very important.

Message me if interested and or with any questions or guidance /recommendations I can provide or feel free to reply to the thread if you feel your questions can serve value to other members here as well.

@Brian Beers well done - we use VAs as well. Great leverage point.

Check onlinejobs.ph to cut that price in half if you will. Then it’s all about the screening process which it seems you have a good handle on 👊🏾

@Charles Mitchell 😏

Hello BP nation! Excited to host our first OPT meetup of the year! I've had the pleasure of seeing all of you regular attendees first hand grow in all of your endeavors. Everyone who's showed up evidently made a deal happen in 2019 which says a lot about those who attend, we're action takers and practitioners, so take pride and join us to continue building momentum for YOURSELF with our group with the end goal of collaborating collectively as we continue to foster these relationships. Remember there's tons of value you can provide regardless of level, and that's the idea..being invested into one another helps us grow. We'll see you there and I'm looking forward to seeing the same faces return and welcome the new ones!

As always, who I am?  Your plug in NYC for the market in the south in Atlanta (Atlanta Commercial Board of Realtors) and any operations /admin tasks you might need from my real estate virtual team, just ask away. Additionally if you're a syndicator or limited partner looking to invest let's build a relationship with the attendees and myself I'm working on some strategic partnerships for the 1st quarter with some additional JVs in early 2020. Just a few words from me, but this mastermind is about you, so come with questions, situations, case studies and insights and let's problem solve, value add and build collectively.

LET'S BUILD

~ These meetups are for anyone who realizes that 'teamwork makes the dream work', regardless of experience in real estate. You either have a skill/knowledge, money or time to offer and/or could use another’s in return.

@Jonathan Farber hi Jonathan. I have had a large team of VAs for about 5 years now, I would just have them keep a general ledger (excel document) of what expenses they made on your behalf and to which client. In addition to you having their trust, it let’s them know that you are close to the numbers which can remove any temptation from them making other purchases (should this be your concern). I would review any outgoing expenses on the card and compare it to your statements for the end number atleast biweekly or monthly. Having a separate business card for them to use to easily compare the two will be practical to avoid commingling funds with other purchases.

In addition to them being good people it’s also always great for you to be close to the numbers. I learned this the hard way ( I didn’t get screwed) but there was a lot of waste (expenses) that I was not accounting for. At the end of the day any business owner should have frequent reporting so you know what’s going in and out the door without necessarily being caught in the day to day operations. Hope this helps my friend.

If you need anymore insight feel free to DM me. I’ve hired over 20 VAs to date. 👊🏾

@Tucker Walser how many units are we talking?

Hi BP nation, considering that there is an abundance of sources that you can get your information when analyzing a new city /state /neighborhood you are looking to invest in these days, which source do you feel serves you best?

To piggy back that comment, is there one that you feel does a better job of allowing you to have a subject market to do a side by side analysis against the one you're inquiring on? I would love to hear yours and why you think it may be superior. Here are a few that I find helpful:

• city-data.com
• schooldigger.com
• areavibes.com (although sometimes seems a bit harsh...but i guess you can't argue with data.. 🤷🏽‍♂️)
• neighborhoodscout.com
• costar.com

Let me know yours and why!

Right on my friend! I really like your idea of going super granular on the financials 'the useful life of capex items' in addition to what @tyler gibson mentioned on the HOA's financial health. Thank you both!