All Forum Posts by: Conrado Balicusto

I would connect with some local investor-friendly agents in your market. They will have systems in place for finding off-market deals for you to analyse where the numbers are more attractive.

You can also try the wholesaler list method. Find every wholesaler in your market and try getting on their email list. While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.

The third method, which requires some time and effort, involves learning how to pull property addresses, names, and numbers. With this information, you can reach out to tired landlords who have built up a significant amount of equity and are more likely to be open to dealing with a buyer directly rather than going to an agent, listing it, etc.

Thank you so much for the warm welcome and the valuable advice! I really appreciate the insights. The idea of reaching out directly to tired landlords is something I hadn’t considered, but it makes a lot of sense. I’m excited to dive in and start implementing these strategies. Looking forward to learning and growing in this community!

1 Vote

I'm a new investor based in Dallas, Texas, currently working in IT and heavily invested in stocks. I'm keen to diversify my portfolio by venturing into real estate. Having read extensively on the subject and listened to numerous podcasts, I'm excited to get started. As a newcomer, I recognize that finding deals, especially in the competitive Texas market, can be challenging, as noted in the forums. I truly appreciate the advice and experiences shared by seasoned investors here and look forward to learning from your insights.

0 Votes

Quote from @James Hamling:

Quote from @Bob Stevens:

Quote from @James Hamling:

Quote from @Bob Stevens:

Quote from @Mohammad Parwez:

You can still find a few properties in my Triad NC area where a few properties get closer to the 1% rule.

However, most of the properties are now in the 0.6-0.8% range.

For example, you can get a 3 bed/2 bath SFH in a decent neighborhood for about 270-300k that can generate a rent of about 2000-2300/m.

Thanks

Mohammad Parwez

336-999-9086

https://mohammadrealtor.com

People really invest 300k to make less then 6% net? WOW, I really am spoiled.

I have some who invest for negative cash-flow. They don't care about the cash-flow, The write-off's are profitable and there looking at the out-sized equitable gains.

Different persons, different situations, different benefits.

Wow, interesting, thanks

Example. One is a tech engineer, running a team. Clears in 400's. Tax's hit him hard, real hard. First fed, than state. So for him, paper losses are good. At worst, it's deciding who get's that $ that he won't see regardless, at best it can notch him down a tax bracket.

So sticks to path of progress, real top shelf A quality properties. With plan to liquidate around yr 5-7, 1031 those gains to pyramid the equity growth.

Acquires a new one via capital injection annually, and with the pyramiding, after 20yrs of this will be siting on a nice holdings that is planned to fund kids university tuitions via rents at that time, which around yr17 we will start deploying into assets with more of that cash-flow focus.

Playing the long game, it's not for those chasing rainbows, definently for the LT planned methodical focus.

Also, add in depreciation benefits also, those add up fast.

And to any wondering, no, I don't loose a wink of sleep over using legal tax strategies. yes, I think those who can utilize it have earned it and don't owe a thing to anyone else. When politicians stop becoming multi-millionaires via civil service jobs than I will start to give a dang. Or, how about they get paid the median income for the areas they represent.

I like this strategy. More opportunity boosts this approach is to do accelerated depreciation through cost segregation and meet the requirements to claim real estate professional tax benefits.

2 Votes

Atlanta, Georgia

All Forum Posts by: Conrado Balicusto

Conrado Balicusto has started 2 posts and replied 13 times.

Post: Aspiring Real Estate Investor

Post: Aspiring Real Estate Investor

Post: Is the 1% rule dead?