Posted almost 3 years ago

Got rundown properties?

The media says the properties and market are overvalued, expensive, and hard to get into…

…But that’s not what I’m seeing in real life.

See, to find better deals, you’ll need to find properties with value-add opportunities — even if they’re rough from the outside looking in.

Right now, I’m on the lookout for 10+ unit properties that might have been mismanaged for years, require a lot of capital expenditures, and have lower than fair market rent. (Seriously, if you know of any, send me an email. I’d love to see what you got).

Why?

Because believe it or not, this is how I’ve built most of my wealth in real estate.

By purchasing diamond-in-the-rough properties, I’ve been able to fix them up, add value to the property and neighborhood, get high cash-on-cash returns, while also creating a safe place for tenants to live.

In case you were wondering, I’m no exception either.

Some of our Bootcamp agents are finding deals that yield double-digit returns within 2 months with the same strategy.

We’ll be exploring the topic a bit more this month. But in the meantime, know that good deals are out there.

You just need to use the right lens to find them.

WHAT’S TRENDING IN REAL ESTATE?

Inflation is causing a massive spike in housing prices and 1st-time buyers don’t stand a chance. Millennials are the largest cohort of working Americans and many of them are eager to buy their first homes. What’s causing their home-buying opportunities to run short?
National Association of Realtors (NAR) recently released data showing that home sales totaled 6.12 million in 2021 — this is an 8.5% jump from 2020 and the highest annual level since 2006. Inventory of unsold existing homes fell historically low at 910,000. You can view the data here.
New rent data from CoreLogic shows that single-family rent jumped to 11.5% in November 2021 alone – this is the fastest year-over-year growth in 16 years. Read the rest of this article here.

SURVEY

You’ll want to set aside these 5 seconds.

Could you do us a favor and take this one-question survey? It’ll help our team create more of what you need and less of what you don’t.

TAKE THE SURVEY HERE

VENDOR HIGHLIGHT

Get Off-Market Properties and Flexible Financing with RealtyTrac.

RealtyTrac and Foundation are partnering up to give you exclusive access to off-market properties across the country. You will also receive financing for fix-and-flip and rental property investments.

RealtyTrac has access to bank-owned properties which allows agents to pull data on properties and pitch them to clients.

You can click here to view their newest properties listed.

We’re excited about what’s coming this month. If you haven’t already, join our Agents Invest Facebook Community so that you can stay on top of updates and connect with other agents.

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If you run into any properties that have…