All Forum Posts by: Gabriel Amedee

John De La Garza If property is on the market and not selling, what makes you think you can sell it? If it is because seller will take a much much lower price, then why haven’t they done so with the agent? All I ask is please don’t convince a seller to take their property off the market to sell it for a price within 10% of the listing price. It will waste everyone’s time and you will become a contributor to the poor name “wholesalers” already have. Not making any assumptions just stating what shouldn’t be done for those reading this thread and considering on doing the same. Best of luck !

Mindi Rosser In my market, most direct lenders know of someone who does private money lending so I’ll do a general search for “lender” in Miami and skim each of their profiles to see if it says anywhere that they also do private lending. I typically do not reach out until I have a solid deal to present to them. I used to use each of my deals to acquire more buyers because in my eyes it is the best way to establish credibility. The minute I put a REAL (not wholetail) DEAL under contract I would reach out to each of them with a PDF presenting the property, the comparable sales within 0.25mi, pictures, and a full rehab estimate from my contractor. I also welcome any criticism on my analysis and urge others to ask for feedback on your deal. It will help you analyze future deals from the perspective of a seasoned investor. Sorry if I over delivered your simple question. Best of luck!

Hey Eliott Harris ! Lucky for you, this question has been answered hundreds of times on this forum. With a quick search using the biggerpockets search bar, if you type in “how to find cash buyers” you’ll find more strategies than you will ever get on this single thread. Regardless here are a few ways I’ve used with success: Craigslist Ads - Post ads looking for buyers - Reach out to ads looking for deals Remodeled Listings - See if fully remodeled listings were purchased recently. Reach out to work with seller/sellers realtor. ConnectedInvestor.com - Never gave it much attention but met a few buyers on the platform. Linkedin - Look for private money lenders. They know a large amount of flippers. Local Investor Meetup Too many more to list but hopefully you take heed of my advice and use the search bar. In my opinion it is the best function BP has to offer. Happy investing!

Welcome @Ignacio Badiola ! 

A lot of members stated some great topics look into above. Feel free to reach out if you have any questions regarding the Miami market. Best of luck on your endeavors!

I don’t regret anything I post and I already did my research as I’ve seen several threads on the forum where you just reply constantly to yourself because no one cares to join any conversation with you. The only way you get replies is through starting controversy. I think it is pretty obvious and it will catch up soon if you continue. Best of luck Steev

I had that happen to me before and the host gave me a full refund for my hotel cost on the night of no AC. I would expect no less and would do the same. No AC is a huge inconvenience and that’s coming from someone who lives in Miami. It is sad that they had to sleep in that temperature while on vacation. Thomas S. Not everyone can afford to book a new place last minute. Remember that the reason they picked your short term rental versus a hotel is more than likely because of cost.

I feel all of your posts are either self advertisement or geared toward utilizing BP’s traffic to give your name a higher ranking (SEO Optimization). I could be wrong.. but I’m pretty certain that I’m right.

Chris Turner They should see it from the beginning. What investor is signing an ASSIGNMENT OF CONTRACT without seeing which contract is being assigned? To answer your question, I always tell them. I send them the full P&S Contract. If your property is truly a deal then one person giving you a fuss should not be an issue. Move on to the other buyers you have. I had a buyer get upset over a 20k assignment that he went to go knock on the sellers door. Seller gave me their business card and I made sure to never send them my deals. When you are 100% transparent with everyone, you have nothing to worry about. Also make sure never to tie anything up that’s not deal because when you only have one buyer to rely on you will be at his mercy. David Hines how do investors make a profit if they purchase on the MLS at market value? That’s a business model that will put you out of business lol

Hey Tariq B. How much are you paying them monthly (%)? A lot of PM’s will draw you in with a very competitive rate and then make their money back surcharging on repairs. Why not take a couple days to create a small team of contacts you mandate to be used for all repairs? Therefore he doesn’t use any of his contacts that are also making him money. If this doesn’t work I’d calculate how much you would owe them for cancellations versus how much longer you’ll have to be dealing with this and if it’s worth saving the money to you. I don’t think they put on the contract that their duty is to find you the most competitive price so don’t see a high likelihood of the contract being void and releasing you from whatever you signed. If it’s worth it, perhaps get an attorney to review. This is a very common complaint so don’t feel like you just have poor luck. The next PM can be just as bad as this one if not worse so be meticulous during your screening on the next one. Best of luck and happy investing!

x2 to what Brian Garrett said! I would analyze both. Use the current rents as my initial offer (I always explain my clients offer or my own) and use the (conservative) potential rents minus turnover costs to come up with my MAO to keep in mind during negotiations. This may not be a viable strategy with on market properties in a competitive market where you only have one shot at an offer. Those type of properties I’ll typically shoot straight for MAO. Hope this helps. Happy investing!