Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

106
Posts
40
Votes
Juan Cristales
  • Investor
  • Willis, TX
40
Votes |
106
Posts

Found an REO 53-unit w/47% vacancy.

Juan Cristales
  • Investor
  • Willis, TX
Posted

Hey BP,

Just found this deal and am planning to submit an LOI for it. I currently live in CA and the deal is in another state. i've lived there before so I know exactly where the project is located, across the street from a college campus. So here is the plan and please, shoot holes in it. I plan to VRBO my current house in CA for about 6-12 months and then find an AirBnB place to stay for 6 - 12 months near the project. That would afford me the most hands-on and yield me a much higher likelihood for greater success. Also, on the money side, after I've negotiated a strong deal, let me know if you'd like to participate as I will be looking for funds. Thanks everyone!

Most Popular Reply

User Stats

76
Posts
28
Votes
Matt Slakey
  • Investor
  • Salem, OR
28
Votes |
76
Posts
Matt Slakey
  • Investor
  • Salem, OR
Replied

Why rent a room from AirBNB when you have 25 rooms available? 

Loading replies...