All Forum Posts by: Scott Graham

@Georgui Kasaev What types of off marketing, marketing do you suggest agents do?

@Michael Lee We are getting crushed left and right on our MLS offers. We are putting in offers over full price and still getting out bid by $40K! Its nuts! Inventory is clearly low. People are desperate for work. Stick to your numbers. Don't let low inventory cause you to make rash decisions. Find a way to start working off market deals. Its the only way to get face to face time with a seller.

Creativity Inc was written by the founder of Pixar, Ed Catmull. No this is not a true real restating investing book, but it discusses harnessing creativity in the workplace. The conceptual ideas are very applicable to creative real estate investing. Great read for all business owners!

Hi BP/Brandon!

Just listened to Podcast Episode #261 and I am writing to the BP Community to share our success story. I am proud to say my partner and I took the 90 Day Challenge and we landed our first deal. In doing so, we were able to officially open our company, C+G Property Group, LLC.

Closing on this deal allowed us to gain a track record in our community of real estate investors. People are beginning to look at us as experts because of the thorough urban analysis we did on the property and the surrounding community. Because of this, we were asked to speak this weekend at our local REI MeetUp. There we will be sharing about how our background as architects combined with our drive to succeed led us to closing the deal.

The property we closed on was an off-market duplex for $20K. We discovered this property through a fellow BP member! When we initially ran our conservative numbers, we assumed the property would appraise out at $120K after $90K in repairs and each 4 bedroom unit would rent for $1100. The appraisal the bank had done told us the property will be worth $155K and the rents should be around $1250 a month! We did not expect to have the opportunity to complete the BRRRR strategy going in. But based on the appraisal we are going to let the property go through a seasoning period and refinance out our cash!

Thank you Brandon for putting the 90 Day Challenge out to the BP Community. Your commitment and effort to help others succeed is remarkable. We wish you a prosperous New Year!

All the best,

Scott + Jim

I have met some amazing private lenders through the New England REI MeetUp in Chelmsford and the Black Diamonds Real Estate MeetUp in Worcester/Waltham. Check those out and attend. The next Black Diamonds meeting is this coming today in Worcester.

Georgui Kasaev my partner just got his license and it has been extremely beneficial. Having access to the MLS is just what we needed. There are several tools and information on the MLS that Zillow, Redfin and all the other big name websites do not have. I am thankful for my partner putting forth the effort.

@Jacob L White My degree in architecture has certainly been useful. I work full time as an architectural designer for a high-end residential home builder. I am doing everything from the design work, construction cost estimating, marketing, graphic design work and I am out in the field building the homes. The degree gave me the skills and the professional credibility. It has created several professional opportunities that simply would not exist if I did not get the degree. Also, I am in the process of completing my license to be an Architect; I have 4/6 exams complete! When my partner and I talk to other investors, banks, lawyers etc., they have a different level of respect for us based on our background and desire to build quality homes. If I were to do it all over again, I'd highly consider a degree in Construction Management. There you will get in depth with construction cost estimating, financing, project management, and construction scheduling. All of which is extremely valuable skills to have.

If you are in college and the government is paying for it - you might as well get a degree in Construction Management. I got my Master of Architecture degree and I use my design skills daily. Currently, I work full time in Construction as an Assistant Project Manager and all of the skills I have acquired are translatable. 

After mortgage, taxes, insurance, cap ex, vacancies, utilities (paid by us), property management fee, and general maintenance we are clearing ~$200 per unit on our duplex. We like the idea of padding our cap ex, vacancies and general maintenance accounts. This way we can provide quality housing and make any/all repairs without being worried about the cost.

PB&J Triple Decker was my go-to in college!