All Forum Posts by: Solo Scott

Hey Los Angeles, looking to talk to some wholesalers. Does anyone know of any wholesale networks?

there really are no magic tips. the only thing you can do is (yes the love letter) and try to clean up the terms - short inspection and loan contingencies. have strong relationship with their lender and see if the lender would be willing, if necessary to talk with the listing agent to address any concerns the listing agent has regarding financing.

i have a new listing that needed some sprucing - i went to target and bought some things (which I will return) to tart up the bathrooms, kitchen and living room - plants, kitchen stuff, towels, pillows for the couch, etc... At Compass we have a concierge service that allows the seller to borrow money interest free to renovate, stage etc...or just do a deep clean and leave the house as clean and empty as possible and the buyers use their imagination.

ultimately, developing relationships with other agents goes a long ways. i've gotten many deals done bc i had a long history with the listing agent. obviously this takes many years to develop - but something to shoot for. 

i hope this helps!

best, Solo

@Jonathan Schwartz I'm in LA and would love to connect and talk shop. Long time agent, but new to the out of state investment game. Let me know the best way to reach you. Cheers. Solo

@Joe Villeneuve It seems you're confusing the question, which I think is a valid one. I'm in the very same boat: the question is not how to analyze a market, but rather some tips on picking an out of state market to analyze. I.E. job growth, transportation, property taxes, strength of rental market, city services etc...

For instance, If you @JoeVillenueve were to start looking at the Phoenix market (or any market you knew nothing about) where would you start to determine whether or not you do a 30, 60, 90, 180 day deep dive? Census bureau? City websites? Zillow? Apartments.com? Brokers? Bigger pockets (Phoenix) forums?

Thanks for the suggestion @Justin G, I will read it. 

@Theo Hicks awesome, thank you!

@Greg Dickerson thanks. That was one of my questions (that I didn't ask), it only seems to make sense at larger scale. I have my matching orders, much appreciated.

Hey ya'll looking into syndicating. I'm a seasoned agent in Los Angeles and have been talking with a lot of people/friends that want to invest out of state as there is limited to no COC opportunity here. In addition to creating a successful syndication venture, the goal is to take my profits from syndicating and start to build my out of state Multi-unit portfolio/empire. Looking for info and insights on:

A. Kick *** syndicators to talk to

B. Best syndication books/forums/podcasts

C. Investor presentation materials/examples

Anything else I'm missing to get this party started? 

Cheers,

Solo

thank you @Kyle Kadish!

@Sharon Rosendahl awesome thank you.