Collin van der Veen

Real Estate Investor at Gurnet Real Estate Group | 1% Better Every Day

[Evansville Thunderbolts Hockey @evvthunderbolts]

VAN DER VEEN WITH HIS FIRST PROFESSIONAL GOAL!!🚨

#EVVatFAY | #WhoseHouse

[Collin van der Veen @CollinRealEst8]

Doing Nothing: (1.0)^365 = 1.0

Making Small, Consistent Efforts: (1.01)^365 = 37.8

You just have to get past that frustrating, first part of the curve where it feels like you aren’t making any progress.

[Collin van der Veen @CollinRealEst8]

@DavidGreene24 Congrats - you deserve your own unconstrained platform

[Collin van der Veen @CollinRealEst8]

Wild fact of the day:

The wildfires in Canada this year have produced 2-3x the carbon emissions of Canada’s entire economy, infrastructure, energy systems, transportation, agriculture, etc. combined.

Really puts the scale of these fires in perspective.

[Gaetano Ciambriello @GCiams]

I would rather own 10 units in an A+ location then 60 units in a C location.

[Collin van der Veen @CollinRealEst8]

@GCiams 16. Maine

[Collin van der Veen @CollinRealEst8]

No better way to start your Friday than getting a text from a tenant who you are trying to evict that says:

“Do what you have to do to get me out. Don’t text me anymore.”

Time to bring in the heavy artillery.

[Collin van der Veen @CollinRealEst8]

@GCiams Unless it’s a student rental cash cow - then it could be a home run…

[Collin van der Veen @CollinRealEst8]

The fishing is best where the fewest go.

The collective insecurity of the world makes it easy for people to hit home runs while everyone else is aiming for base hits.

There is just less competition for bigger goals.

- Tim Ferris

[Collin van der Veen @CollinRealEst8]

The seller of a property I just closed on turns to me at the closing table and goes:

“You can turnaround and sell this for a lot more money tomorrow if you want”

And he’s strangely totally ok with that b/c there were no agents involved and I was flexible with timing.

Wild.

[Ryan Pineda @RyanPineda]

You need to be hated to grow. Think of all the most successful people. They have TONS of haters.

[Collin van der Veen @CollinRealEst8]

Wholesale deal that was supposed to close yesterday got pushed to today b/c the buyer’s accountant forgot to send the buyer’s tax return to the title company.

The accountant was unavailable b/c they were getting a vasectomy.

You really do see something new on every deal.

[Collin van der Veen @CollinRealEst8]

Interviewing 6 VAs today to handle the cold calling in my wholesale business.

It’s crazy how inexpensively you can hire folks from overseas. My guess is finding quality will be the hardest part given the old adage “you get what you pay for.”

Curious to see how this goes.

[Collin van der Veen @CollinRealEst8]

Buy quality assets

(+) Put fixed rate debt on them

(+) Hold for a long time

= Guaranteed way to generate long-lasting wealth

[Collin van der Veen @CollinRealEst8]

In March, 33% of homes listed for sale were newly built.

This figure averaged 13% from 2000-2019.

With 85% of mortgage holders locked into a loan with a sub-5% rate, the supply of existing homes will continue to be highly constrained, putting upward pressure on prices.

[Collin van der Veen @CollinRealEst8]

Little known fact:

When a property owner defaults on a loan and their cost basis is lower than the loan amount (e.g. b/c they’ve written off depreciation), the IRS views this as a sale to the bank and they owe taxes on that gain.

Giving back the keys isn’t as easy as it seems.

[Collin van der Veen @CollinRealEst8]

Interesting graphic showing home price movement in major US metros. Column at the far right is growth since March ‘20.

While many of the high-growth markets are undergoing a modest correction, they are still up drastically from just a few years ago.

[Collin van der Veen @CollinRealEst8]

The LAPS system is a powerful tool for real estate investors looking to streamline their process and find the best deals. With the right system in place, success in real estate is within your reach.

[Collin van der Veen @CollinRealEst8]

To succeed in real estate, like any business, you need to have a system in place that streamlines your process and helps you find the best deals.

Enter the LAPS system - the perfect formula to follow if you want to dominate the real estate game.

[Collin van der Veen @CollinRealEst8]

Finally, after all your hard work, comes Success. You've closed on a deal and can celebrate your accomplishment.

You may have started with 100 leads, pursued / made offers on 10, and ultimately landed one deal to close on.