57: Virtual Assistants, Roach Infestations, and Turnkey Companies with Maria Acosta

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 3 March 2021

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everybody knows someone who has attended some kind of course, workshop, or “guru” consulting. Maria Acosta attended one after watching HGTV, and ended up buying her first rental property from someone at the conference. What she thought she was getting was a turnkey duplex that had professional management and was rented out on both sides. What she actually got was a trashed duplex without tenants and a roach infestation. Bad luck right? Thankfully, Maria isn’t a quitter, and all that did was inspire her to be more diligent with her future deals. Now, that same property has healthy cash flow each month (and no roaches). Maria has gone on to do a few flips, a couple wholesale deals, and owns 8 units throughout the United States. She’s learned some impactful lessons along the way, like how to fire and hire a property manager, what to look for in a pre-foreclosure property, and how to get a subject to deal under contract. Maria has been through some tough scenarios that many experienced real estate investors would have never dreamed of. Ever had to track down the brother of a partner of a seller who has no address? Maria has done it. Ever had to get a father who is in a correctional facility in another state to sign a power of attorney for a property? Maria has done it. She’s hired multiple VAs, set them up on a system and schedule to find off-market deals, and created a small real estate empire that is growing day by day. This is what hustle and grit looks like in a rookie! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show number 57
0:06.7	So both of the units were infested with roaches
0:10.4	They actually said that it was like the worst-roach infestation that they had seen
0:13.9	So this property that I thought I was purchasing turned key with tenets already in them and cash flowing and all that
0:21.3	negative
0:24.3	My name is Ashley Care and I'm here with Tony Robinson and can you believe it?
0:29.6	He doesn't have a black t-shirt on
0:32.0	All my black tropes for dirty. It's laundry day at the Robinson College there. I'm asked you the other day
0:39.8	I need to keep my identity. Yeah
0:41.8	We have lots of changes today because as you guys can see anyone watching on YouTube
0:45.8	I'm not my usual little closet studio. I'm actually at a dealership right now
0:50.8	I'm getting an oil change and my car all tuned up my brother is borrowing my car for 10 days to move from North Carolina
0:58.3	Back to Buffalo. So of course, I have to take care of my brother first
1:02.3	Really quick. I was just like how does that conversation work?
1:05.0	Do you just ask the dealership like hey? My name is Ashley Care. I'm a podcaster. Can I use your
1:09.3	Office or what is that? Well actually really interesting story is I designed this 40,000 square foot dealership
1:16.2	I work for an investor and one of the projects I got to help him with was this and it's a Chrysler dealership
1:22.2	So obviously you have to pick one of these three colors
1:24.8	So not a ton of design or anything, but really cool experience learning how to do a
1:29.8	Multi-million dollar project like this. So basically, I just feel like home here. I got to see it from the ground
1:36.0	There you go. We got an exciting guest today, right? Like I really enjoyed today's episode
1:39.9	Yes, so Maria comes on and first she tells us the story about roaches
	...

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