All Forum Posts by: Emmanuel Y.

Are there any real estate wholesalers anywhere in the Florida area. Looking to invest. TIA

Are there any real estate wholesalers anywhere in the Florida area. Looking to invest. Please let me know. Thank you!

Are there any wholesalers in Oklahoma? Please PM me. Thanks!

Research and compile a list of apartment owners and directly call them to discuss their properties and your interest in purchasing. Be prepared with a script, key talking points, and be respectful of their time. Follow up consistently with property owners to build rapport and stay top of mind. Many deals are secured through persistent follow-up efforts. Good luck

Couldn't have said it better myself!

The decision to purchase a flooded property depends on your risk tolerance, budget, and long-term plans. Investing in a property with an excellent location can still be a viable option if you are willing to address the flooding concerns appropriately and consider the potential impact on property values and insurance costs.

Explore various resources to find foreclosure listings. These can include online foreclosure databases, real estate websites, local newspapers, or contacting local real estate agents specializing in foreclosures. Zillow and Auction.com can provide foreclosure listings in many areas.

The fact that the property appears to be 30% undervalued is a positive sign. Evaluate the current market value of similar properties in the area to confirm this estimation. Ensure that the asking price aligns with the potential for a profitable flip. Also, assess the extent of repairs needed and calculate the potential resale value of the property after renovations are complete. Research recent sales of comparable properties in the neighborhood to estimate the ARV accurately. This will help you determine the profit potential.

The best advise I can give is to networking. Connect with real estate agents, investors, and property wholesalers who specialize in distressed properties. Attend real estate investment meetings, join online forums, and build relationships with professionals in the industry. They may have insider information or leads on distressed properties.

Believe it or not, but driving for dollars around neighborhoods. Take the time to explore neighborhoods and look for visible signs of distress, vacant properties, dilapidated buildings, or properties in need of significant repairs. Research ownership information to contact the property owners directly.

Hope that helped. Good luck!

I understand your concerns about the tight market conditions and the need to adapt your business strategy. Building and flipping new construction can be a viable approach in such situations. However, with single building lots offering limited profit potential, exploring multi-lot developments may be a worthwhile consideration, despite the inherent risks, including the high costs of road development.

It's great that you found a suitable 1978 home for your next flip project. As you plan for the future, larger tracts of land might be necessary. In tight markets where good deals are hard to find, other investors have pursued various strategies. Some have successfully implemented the build and flip strategy, while others have expanded into larger developments.

To gain insights from fellow investors, I recommend reaching out to local real estate investment groups, attending industry events, or joining online forums specific to your market. Engaging with experienced professionals can provide valuable advice and guidance based on their firsthand experiences. Additionally, consulting with real estate professionals, such as agents, developers, or lenders, who specialize in your target market, can offer valuable market-specific insights.