All Forum Posts by: Ben Kirchner

@Karl B. Where did you locate the eviction paperwork, and how long was the process in Missouri?  From my reading, I can write a 10-day notice to vacate letter.  If not vacated, I can file for eviction.  Is this your experience?  While I live out of state, I have family and workers that can be present for me, if needed.  I was under the impression that I would need to be present in court myself, or a lawyer representing me would.  Is this not correct?

Thank you

I have a property in St. Louis, Missouri.  It looks like I will need to evict one of the tenants.  Has anyone gone through the eviction process out of state?  If so, please share what actions you took.  I'm interested in the process of doing this remotely, or potentially paying a property management company for.  

Thank you

@Joe Homs Thanks for the response.  The deal you mentioned - Was this 30 years ago?  Or recent?  With a private builder, or big company?

Is this still a strategy you or others use in any location?  Seems like a clear, cut, dry, easy profit.  So my thought is more people would be doing it and discussing if it deals like the one you mentioned were plentiful.

Curious to those with experience purchasing a new construction, and then immediately selling it, or renting it.  Has anyone done or entertained this for a strategy to profit?

The idea is when construction starts, you're paying a lower price.  By the time construction completes (a year or so), time has built value in the surrounding area.  Through appreciation and/or the rental market, you may be able to sell for an instant profit, or rent for over 1%.  All the while, you haven't invested much money, given you're likely to pay an initial deposit, and not begin paying a mortgage until the construction completes.  My thinking is this strategy could be used both with a big builder, or slightly different with a private builder.  

I'm looking at opportunities like this currently.  The numbers on potential immediate return that I've been given by the other parties involved may be slightly inflated.  Would love to hear from those with experience in this approach to share their insight and past deals.  

Thank you

I'm seeking those who have experience successfully, or unsuccessfully purchasing foreclosures at a court house in North Carolina.  We are looking in the Durham, and Raleigh area.  It does seem quite competitive.  Given the process involves many trips to the court house, many bank withdrawals to place your bid, much time to be outbid, etc...  We're wondering if we're just spinning our wheels here.  Also wondering if there are other areas in NC where we would have better luck closing on a foreclosure. I do remember a BIggerPockets podcast where an investor here said there was so much inventory in Fayetteville, NC, that she couldn't even keep up with it.  Would love to connect with some people experienced with the process!

I am looking to connect with someone who has experience investing overseas.  I have invested in other states in the US, and grow interested in investing overseas.  With the power of the US Dollar, there seems to be good opportunity in other locations.  Anyone who would like to connect, please reach out to me.  Any resources anyone else has to pass along is also much appreciated!

@Robert Lively What platform are you using for the online auctions? How do you end up doing your due dilligence as far as estimating rehab, checking tax liens, etc...?

@Sean H. How long did you stay involved in chasing properties over auctions? You're saying the outbidding goes on for around 6 months, to ultimately go for market value or higher?

Ironically enough, I just listened to Bigger Pockets podcast #406, and the guest, Shelby Osborne, was having success with auctions in NC.  

I'm curious to if anyone is buying off auctions.  Whether be from the courthouse, or website platform.  As my capital has built, this is something I've become more curious about.  Can anyone speak on their experience with this, as well as the process given current events?

Thank you

Does Illinois have a source to look up property owners by address?  I've searched around, but no success.  Thank you for any help.

@Bryan Robbins - In Garner I had 2 SFH, and 1 townhome. In Durham, I have 1 townhome.

Garner is growing quite fast.  I still feel you'll be hard pressed to find 1%, unless you find a house that needs a big makeover to build value in.  Hence why I'm trying to improve my pipeline of deals.  If I were to put my Garner places on the market, they would sell for $140-170k, but they would not rent for $1400-1700.  I bought well, built in value, and got in before Garner began it's big growth.