All Forum Posts by: Bob McIntosh

I have scoured the internet, talked to a Realtor, and networked with a handful of local real estate investors that I know are legit and have experience... Short of going door to door, or foreclosure acutions I am not sure what else I am missing...

I have been doing somewhat of a blanket area. I am looking for long term investments (buying then renting). Run down is ok to an extent. I have no experience doing full rehabs so I am trying to avoid anything that would require a significant amount of work to get rent ready... at least until I get some more experience.

let me know if you have any other questions!!!

I think this would really depend on what you want to do with the property. Are you planning on renting out this beach property, or do you want to just hold on to it for you and your friends to use whenever they want?

As far as a trade goes, whats the property on the beach worth, whats yours worth? Thats the best way to determine... Give us some more information and we may be able to better help...

So after tooling around these forums for a while, conducting many searches, and reading a lot of posts I have seen something that has come up often but not yet been addressed (please correct me if I'm wrong).

Everyone says you MUST buy properties at HUGE discounts. While this makes a lot of sense I have spent the last few months looking for properties at HUGE discounts and have yet to find a single one... Obviously I am not doing this right so can you guys provide some guidance on how you find these properties at HUGE discounts?

I stop in from time to time but I never see anyone in there either.... but I would love to chat it up once in a while!!

There are attorney's who claim they can do anything for anyone, anywhere. The real trick is finding the 1 who can ACTUALLY do what you need, in the area you want...

I would imagine there are attorney's that can do that, but I would make sure to get a nice long reference list and check them all personally... Maybe also ask for some examples that the attorney has done as proof... If s/he is legit then they shouldn't have a problem with any of that...

Thanks Rich, I will check this out... I had no idea :)

Cap rate is defined as:

NOI / cost (or value) = Capitalization Rate

*Edit to clarify*

I have not heard of this program... though I am new to REI so that isn't exactly saying much...

Can you provide us with a link for more information?

Well for starters you should always get a copy of the lease, you have no position to argue if you don't.

The lease will outline who has the right to enter and for what reasons. Generally at least 24 hours notice is required to show/enter an apartment without an emergency reason. However it is very dependent upon the lease. Get a copy of that and let us know, the people in this forum will be better able to help once you lay out what the lease says about showing the apartment.