All Forum Posts by: Chuck Catchings

I know most buyers are looking for cash flow properties but what about commercial land that's below market value from motivated sellers that will go up in value. Are there buyers looking for this sort of property?

Have you gone to a roofing supply co. ? Sometimes you can get discounts depending on volume. Did you mention the volume at Lowes or HD? The other thing you need to consider here is who you buy the shingles from. If you don't buy them through a authorized dealer then your warranty is void. Prices always go up especially due to Hurricane Sandy, the ole supply & demand issue. Hope this helps.

Chuck

Bryan are the lots permitted for use as a cemetery? Cemeteries are like RE, location, location, location. At $310 per sq/ft from the numbers mentioned above that is almost $7M for just using 1/2 of an acre. I don't think your houses are going to bring that in especially in an gentrified area. I have a friend that went into the monument biz and just the profit margins on this over and above the cost of the plot are just crazy. The funeral biz is a racket if there ever was one. Too bad you can't rent the plots out but then again the eviction process would be a killer, LOL.

Aaron, well your one of the lucky ones to get in early on the boom. But seems to be an ongoing situation and not just there in N. Dakota. For the rest of you that commented on this post I am currently looking into this in areas outside of N. Dakota that I have already located property for sale. Some of these areas are just getting ready to kick in and property is still cheap. There are a lot of issues to cover not just from an investors point of view. If I can help anyone let me know and I'll answer what questions I can. Just FYI-not all these boom towns are equal but there still is great opportunity if you do it right.

Thanks Brandon & Jon for the feedback. Just FYI the properties I'm talking about will be in the shale oil field boom areas that are just getting ready to start up. If these follow suite with what happened in Williston,N. Dakota they will rent up to 5% of purchase price. I'm doing some research on this but if your interested I will keep you in the loop. Some of these homes are as low as $25K setting on an additional 1 or 2 lots.

Hi Nancy, I sent you a connect request as I have some suggestions for you. Just depends on what your looking to do. This is a great site and lots of people with very good advice & ideas.

What buy-to-rent ratio makes it worthwhile for an end buyer looking for rental property to jump at the offer? This will most likely be out of State property, just FYI. Sorry, I don't mean to be vague here, just trying to see what response I get back on this question. I may have an opportunity to put several properties under contract for higher than the what seems to be 2 to 2.5% of purchase price suggested by many folk here on BP. Thanks

Elliot, are you in NY or El Paso? Is the we buy houses sign in El Paso or NY? Your being a little vague here. We buy house guys are a dime a dozen so you need to be very careful. They are just looking for bird dogs to find property and you will spend a lot of time and effort doing this if you don't know what your doing. Yes you can make some decent $$ doing this but you can also be left out of the $$ if your not careful. Do NOT ever just take someone for their word that they will pay you a fee, get it in writing.

Sean, of course you can. You can be an intermediary and connect buyers and sellers for a commission. As far as being a so called HML, you will need to check with your local laws and regs concerning this, all states have different rules to follow. You can Google up how to set up a loan co., there is some good info to review. There are a ton of people looking for $$ but if your aren't careful you can lose your shirt and credibility with your investors and that wouldn't be a good thing, do your homework and due diligence.

Dan, Like these other guys mentioned you can do this through anyone that does CCs. Let me ask you something, what return are you looking to make on your real estate investments and do you have a time frame? $40K is not much to work with but you seem to have the good credit to do whatever you want. If you have a 800 credit score why would you look to do what your thinking here and not just open a line of credit??? Cash tends to vanish once it's in your pocket !!!