All Forum Posts by: Tom Vanderlinden

Thank you!

What strategies have you used to build a deal funnel? In my opinion networking and wholesale lists are usually the best, but have recently thought about cold calling. I'm not sure where to start with that or who to call though. What are actionable steps you take to get you closer to your next deal? What is the best return on your time? Thank you for any feedback!

I would advise looking into a duplex or possible a quad. You could move into it and rent your house or use your cash and just stick tenants in it and instantly cashflow.

Hello all,

I have a question about private lending and partnering with someone with deeper pockets. I am interested in buy and hold, so far I have a duplex and 2 SF houses. Recently a relative with much deeper pockets told me to let me know when I am ready to take on partners/investors, but I'm not sure what that should look like. I guess this is a good problem to have, but I'm not sure how to start the conversation with him. I don't know if there should be a 50/50 split of money invested and profits or if he could finance something for me and then take a percentage of monthly rent? He didn't make his money in real estate so I'm not sure he'd understand BRRRR or be patient enough for the return. What would you all do or suggest for a partnership in this situation? Thank you.

What business credit cards do you all recommend and why? We all know good debt in real estate is used as leverage to build wealth so what cards should be used and what makes them better than the rest?

I have a duplex and two single family homes right now. I purchased the duplex and my first house with owner occupied financing and one house as a straight rental. I would like to acquire more rentals quicker and keep buying more and more every year, but I don't want to keep saving 25% because that takes too long. I know you can get a line of credit from a commercial lender, which I may look into this year, but I've only been doing for a year and not sure they'd give me much credit. And I've heard the terms aren't very favorable, but I'm open to that. 

What are ideas you all have for quicker expansion? I hear of people who double their number of doors every year and I want to do that! Any input or experience would be appreciated, thank you!

Should I have reservations about using cashapp to collect rent? I have 4 units now that are spread out an hour apart. I know I could get a post office box, but it seems so much quicker and easier to collect digitally.

What are you all doing to find deals? It seems inventory is low where I live in Tulsa and finding off market deals is the way to gain an edge. I've heard of sending mailers, talking to probate or divorce attorneys, having an in with foreclosure at the bank. But I know if I can get better at lead generation I can grow quicker and provide value to potential partners. Once it hits MLS/ Zillow the bidding war has already begun. What strategies are most effective that you all have found??

It sounds to me like it'll make you more money to hold in the long term than to sell. But you could sell and reinvest in a bigger multi family opportunity down the road. I think it just depends on what your goals are and what you want to do with the money.

I finally got another offer accepted on a duplex, which means moving and renting my house out and becoming a property manager. I know I need a contract and application. Where can I go to learn how to create those or find a template? Also, I need to screen for tenants right? How do you all go about doing that? I'm closing on the duplex June 8th and would like to be moved in shortly after and have the house ready by June 15th or July 1st at the latest. I know I'll need someone to clean it as I'll  be busy moving, but beyond these things is there anything else I am missing? I'm taking my first steps on this journey and am a little nervous about being the property manager so any tips would be appreciated. Thank you!