All Forum Posts by: Casey Cuppy

@Bobby Narinov You should get your license. Problem solved. You do the 5 items yourself and everyone is happy. 

What someone paid for a house does not affect the sales price of that house. Yes it would be unfortunate if anyone takes a loss but the market decides the price. Not that they are close to what they bought it for. Like someone said earlier if he spoke with the other agent and they said they will not accept anything else. But either way he is working for you, so he should submit them if you ask him to. 

Welcome @Patrick Allen congrats on making the move to investing in real estate

The experience you gain from this will be what is really valuable for you. Plus having the backup plan of renting it for that is a great plan B

@Account Closed 

Yes I am still able to locate some very good deals. Prices have came up quite a bit after being hit very hard from the crash. I have been making over 20% ROI returns on all of my flips. It is all about finding the right neighborhoods. You can still find good deals if you do the work. Obviously it is a little more difficult than it was a few years ago right after the crash but myself and my other investors are all doing very well.

The multi families (including 100+ units) have been very good to me and my clients lately as well. 

What market and property types are you primarily focused on at this point in time? 

Im currently investing in the Phoenix area, one it is where I live which makes it much easier. The multi family market is doing really well and we have a very good rental market. I have also had a lot of success still with flips in the niche neighborhoods. 

Thats a tough situation. My advice is to stay on top of the market as best you can and update. This obviously makes thing much tougher when doing a flip or buying and holding but It can be done successfully if you are getting good enough deals. If you aren't an agent I would advise getting a good agent on your side to help you with this. 

Old historic homes can make a lot of money. As many of you have said they often get a premium rent and a premium sales price. You can often get a deal because many investors are scared off my the age. As with any deal run the numbers and if it works it may be worth it.  When comparing it to other properties make sure to use similar historic style homes as they are great comps. 

If the numbers work, which at a purchase price of 12k that is a good start (that could even be a good price for just the lot, depending on the area)

Welcome to investing and welcome to BP. 

One big step is getting a real estate agent who is experienced working with investments and knows the game. That will be very important. 

It is tough to get started without any capital but one way you can earn some is through wholesaling. There is a lot of good info about it on the boards here. It will be tough to find a partner who is willing to put up the capital at this point unless you can bring something to the table for them (experience, connections, etc.). I hope this helps and let me know what else I can do for you. 

Good answers, there is a lot that goes into it. If it is a well taken care of home and the rents in the area work it could be a good deal. I agree with @Ali Boone  make sure you get an inspection. The biggest things to look at are the purchase price and what it can potentially rent for. Do you due diligence and make sure you are getting good cash flow. Hope this helps.