All Forum Posts by: Paul Timmins

William

Congrats on donating your time and learning some stuff.

Working in rehab jobs can be a huge practical learning.

Don't forget the free How To sessions at the big hardware stores, and instructional videos on You Tube

Paul

Mark

Welcome.

Moving up is good, managed correctly they can be good investments. Select ARM certified managers from IREM.org

China is the current #1 country of foreigners investing in the US.

There is a good association you may want to check out
Asian Real Estate Association of America
Founded in 2003, the Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable homeownership ...
areaa.org

You may consider using Niche housing to add 2-4 times rent.

Paul

Warren

It depends if you really want this place. You could probe to see why he really doesn't want to sell. Is it a smokin deal well below value?

If it is not going to work, move on, recoup you costs.

Paul

Lindsay,

Congrats on your progress.

I applaud your mission.

Consider checking some of the local social agencies, there may be some housing stipend monies available. You might be able to rent per bedroom instead of per unit. This can give you 2-4 times more rental income.

When you think about what legal entity you set up you may want to consider a non-profit one giving you access to additional monies.

Paul

Keela,

Remember you are trying to present a complete and attractive package for your cash buyers to consider.

The more info presented the better snapshot.

The cash buyer will do their own inspection prior to buying.

Paul

Paul

Best to be conservative on all the numbers.

Find out why it has not been sold.

Paul

J

Good luck on the move.

There are very strong REIA clubs in DC and Baltimore.

Love the books

Good luck

Paul

Angela

Welcome. Connect with the president of 3 different REIA clubs ask them for a good investor broker or agent. Connect with one to assist you in the process. You can let them know you will list it with them when you sell.

Good luck

Paul

Lou

Welcome.

Attend 3 different local REIA club meetings meet people, gather info, resources perhaps a contractor to link with for a project.

Broker and property manager relationships are good to cultivate for deals before they hit the market.

Wholesalers are a great source. Once you meet them get their contact info. HINT call them 1-2 days before the next REIA meeting they are going to see if they have any new deals.

Paul

Matt

Real Estate is a people business. People like doing business with people they like and trust.

You can only benefit by developing relationships with multiple brokers, agents, property managers, appraisers, inspectors, attorneys in short all team members and potential team members.

Paul