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All Forum Posts by: Todd Sullivan

Todd Sullivan has started 15 posts and replied 30 times.

Post: Finding The Owner of an Abandoned House

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Thanks everyone for your input!  I checked the tax billing address, which is the same as the house, and did a deep dive on the internet and found another address.  So, I sent letters to both addresses and got a response yesterday from the home owner who is interested in selling!  Great success so far!

Post: Finding The Owner of an Abandoned House

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello Everyone!

After going through the initial attempt of finding the taxes billing address for an abandoned property and mailing the owner, what are the next best steps if your letter gets returned with no forwarding address, etc. Simply, how do you find the owner???

Post: Newbie Q: analysis for fix and flip

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

@Shulem Deen

I would say when it comes to comps and realtors, make sure you find one that is experienced working with investors. The comps that they pull should be reflective of ARV. You can see figure that out by looking at the pics and in many cases, it will list when the last time a renovation was done in the mls listing.

If you have any questions about this, just reach out, I’m happy to help.

As for contractors going with you to different houses to give prices, well that’s what finding rock stars is all about. If they truly are dedicated to you and their craft, then they will go the mile to get the work. Don’t get me wrong, that isn’t an easy thing to find these days. Contractors can be a real pain in the butt to find solid ones and you WILL go through several to find the few that work out. Always have 2-3 in each trade in your Rolodex. Again, I’ve gone through a bunch in the Hudson Valley (since I live there) and have a good line on some amazing people if you’d like their contact info.

Best of luck to you!

Post: What are the best investing strategies right now?

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hey all!

Given the weird spot the market is in, what do you see as being the best strategies for investing right now and the near future?

We just sold our live in flip a couple months ago and have been working on our new personal house, but now that the projects are nearing a close with that, we want to make the rest of our money keep working for us.

I’m thinking of doing some smaller flips to build up some cash for a bigger purchase. Start BRRRRing? My greatest issue is living 1 hour north of NYC, so nothing is cheap really.

Any help is greatly appreciated.

Post: How many of you are licensed in multiple states?

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello all!

I’m considering getting my license in Florida and currently have a license in NY. How many of you have licenses in different states?

Post: What online course should I take to get my real estate license

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello Anthony!

Good for you to take the big step into becoming a real estate salesperson!  I had great luck with www.realestateu.com.  I know they offer classes for California.  I believe it's $99 for the class, so that's really not bad price wise to start a career or even side hustle.  Best of luck to you!

Post: Prospecting Other methods

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello Robert!

I get email lists by zip code and mass email people CMA's or offers through my brokerage, Premier Agent with Zillow, OpCity with Realtor, start a professional page on Facebook and advertise through that. Also, if you aren't afraid of getting in front of a camera, do some short videos and post them. Google seo likes videos. Hope some of that helps you!

Post: Partnering Multi-Family Rentals and Paying Your Partner

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello All,

I know, I bet this question has been asked before, I searched and couldn't really find an answer though to my question...so here goes!

I'm looking to mainly purchase multi-family (even Single-Family) properties,  and I don't have a huge amount of money, so I'm looking to partner up with someone who has money to invest.  I bring the deal, they fund it, I manage the rehab/turn, we get tenants and money is made.  I understand that part of the formula.  What I'm not solid on are the strategies to paying a partner back and taking over the deal.

Can someone please explain some strategies that are available to fuel that plan? 

Thank you in advance!

Post: How many agents also have property maintenance companies?

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Thanks for the replies and insight everyone!  I really appreciate it.  Maybe not being a property manager, but supplying the maintenance portion is best.  Keep being a realtor to buying/selling?  Has anyone seen just a Property Maintenance company out there that's hired by PM's?

Post: How many agents also have property maintenance companies?

Todd Sullivan
Pro Member
Posted
  • Real Estate Agent
  • Chester, NY
  • Posts 31
  • Votes 9

Hello all!

I am a Licensed Real Estate Salesperson in the Hudson Valley area of NY and have been looking for alternative ways to make money.  As we all know, building up your RE business takes time.  We also know that having several income streams is helpful in making the big money.  I have heard that there are a lot of realtors out there that do both, real estate sales and run a property maintenance company.  This interests me greatly, but as the saying goes, why reinvent the wheel when you can find a business model you like and make it your own.

Does anyone have any insight into this?  Any pointers?  Any examples?  I have an idea of what I'd like to do, but I'm not sure if it can be done.