REsolve Investing Hampton Roads

02/03/2022

Recreating the Roaring 20’s the right way, as a team❗️

11/21/2021

How to get your FIRST DEAL in the Military❗️

Here are 5 parts of the real estate investing process that yo should take as a military member if you ant to get buy right in this market:

1. Team up with an agent! This is a pivotal part of your team, especially when you are starting out. You might think that you can do everything better yourself, however you should think again when it comes to buying assets of this size. The right INVESTOR FRIENDLY agent can stop you from buying a bad deal and get you in the right area for investing.

2. Getting your pre-approval letter will occur very shortly after teaming up with an agent. Agents and sellers alike want to see that you mean business actually being able to close on the deals you’re pursuing.

3. After you get an offer accepted the due diligence period begins. This means that you are going ensure your numbers on the property are accurate and true. In this period you will have an inspection or series of inspections to find out anything that might change you opinion or plan on the investment.

4. Once closer to closing you will receive an appraisal on the property. All banks are going to require this to confirm that they are giving a loan out for an asset that is worth as much as you are paying for. If an appraisal comes in higher than the purchase price it’s time to celebrate. If it comes in lower, then it might be time to run your numbers again.

5. Closing your first deal will be a monumental moment for you that will never be forgotten. Make sure you have your plan in place on how you will manage your new asset and get to work!

I hope this tip finds you profitable💰
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11/19/2021

Real Estate Networking Event🚨

Amazing time and phenomenal turnout last night at the REsolve Networking Event at Commonwealth Brewery! These are a great group of folks to be able to learn from now and partner with in the future🤝

If you are looking to get connected in the Hampton Roads Area we hold events like this once or twice a quarter. If you cannot wait until our next one please send us a message and we would be glad to connect you to the right people to Make It Happen❗️

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11/19/2021

Just a couple photos from tonight’s Meet Up! Thank you to everyone to came out to support REsolve.

11/17/2021

Are you looking to get connected in Real Estate throughout the Hampton Roads Area⁉️

Then meetups are the PERFECT place to start!
Join us TOMORROW 6:30PM for a local networking event designed to connect like minded people looking to make it happen!

It does not matter what experience level you are, joining global network events is proven to help you grow your business, even if you haven’t started yet. This is the perfect place to come for 30 minutes or 3 hours to chat with local experienced or new investors and potentially create partners that can lead to your next deal! You know what they say, “It’s not about what you know, but who you know”

Hope to see you there!
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11/17/2021

$8,000 CapEx Expense! How⁉️

Sewer Leaks thats how 🙄 I know what you are probably thinking. “This is why I don’t invest in real estate” and “He should sell that house right now”, WRONG 🤌

When you run numbers on a property as a skilled investor and asset manager you recognize that there will be a day where big ticket items need to be replaced. We as asset managers allocate a percent of the rent to fill what is called a Capital Expenditure Budget.

A Capital Expenditure is a perishable part of a property that lasts more than a year. For example:
Roofs
Water Heaters
HVAC
Plumbing

In order to ensure that our asset is always up and running we have an of money set aside to be able to handle the worst case scenario. Along with this we contribute a certain portion of the rent a month to continue to fill this account. For older houses like this one, you are going to want a higher CapEx Budget. This will ensure you are ready for any rainy day⛈

I hope this tip finds you profitable💰
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11/10/2021

Meet our friend Jacob❗️
sloop.5 is living proof that you can accomplish your goals through Real Estate, even if you have a full time Job. The first time I met Jacob he told me how he is a navy contractor, family man AND a flipper! When I heard this I was eager to hear his story and how he manages to get it all done. Since then he has also added real estate agent to his repertoire! Earlier last week I had the pleasure of walking through his most recent flip and listening to his story with . Videos of the walkthrough coming soon! In the meantime, if you’re wondering how you could do the same thing, send him a message and I’m sure he’d be glad to help❗️

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11/09/2021

Do you like making MONEY FOR FREE⁉️

Exactly me too. Follow these easy steps and you’ll be a flipping pro in no time❗️

1. Be sure to know how you will be purchasing the deal. For example Private Money, HELOC and Hard Money.

2. This is the hardest part for most Investors. Some ways to accomplish this are through Agents, Facebook Groups, Meetups and Wholesalers.

3. Know your repair cost or bring your contractor along for the walkthrough process.

4. Always, always, always ensure that you review the work that is done to make sure it is what you wanted.

5. Make sure to rerun comps before listing to maximize your ARV. Always go over your deals and assess what went well and what didn't. Write them down and repeat the F.F.R.R.E process!

I hope this tip finds you profitable💰
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11/03/2021

We have our final Meet Up scheduled for 2021! Are you an experienced Real Estate Investor, or are you someone interested in Real Estate Investing and don’t know where to start? Don’t miss out, join us at Commonwealth Brewery November 18th, 6:30pm in the Corduroy Room!

REsolve is networking social Meet Up for like-minded individuals. Join the REsolve family as we talk about our experiences, set goals, and keep each other accountable on reaching our goals!

Cheers

11/02/2021

CALLING ALL REAL ESTATE ENTREPRENEURS

REsolve will be hosting a casual get together at Commonwealth Brewery in Virginia Beach on the 18th of November @630! We welcome all levels of investors, even if you have not started yet and just hearing about Real Estate Investing now! Feel free to stay for 10 minutes or 3 hours, the choice is yours.

Grab a cold one with us as we network and discuss problems you could be having in your personal/professional business that you want to eliminate as we focus on approaching the New Year! This will be the last meet up of the year and we want to kick off 2022 with a clear mindset.

Parking is fairly limited. If there is no parking at the location you can park along side of the road. Once you arrive we will be meeting in the Corduroy Room. If you have any questions or would like to know more about our meetups and many others in the area feel free to message me directly or use the BP events page to find more!

Cheers and hope to see you there!
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10/25/2021

We are scheduled for out next meet up everyone! Thursday, November 18th at 6:30pm. Can’t wait to see everyone for out final meet up of the year!

Hey Hamtpon Roads! REsolve will be hosting a casual get together at Commonwealth Brewery in Virginia Beach! We welcome all levels of investors, even Hey Hamtpon Roads! REsolve will be hosting a casual get together at Commonwealth Brewery in Virginia Beach! We welcome all levels of investors, even

09/27/2021

Just a little before & after at one of my most recent flips to hit the market. Amazing what a little paint, tile, and a new vanity can do to a space!