All Forum Posts by: John Hill, Jr.

Yes

@Aaron Faucett

Sorry for the late reply. I did not follow through but I did have an opportunity to witness and prepare for the fall sale. Pretty Complex. Gotta have $5,000 to $10,000 on hand to for all of the legal stuff

Amazing advice and thank you for the app. Looking at cashflowing areas in Northwest Indiana to potentially do section 8. 

I participated in an investment group recently and the key note speakers spoke about Section 8. They made is seem so easy... Sign a couple of sheets of paper, have an inspection, list your property and the tenants roll on in.... This true? Do you have any section reality check stories to share? Please do....

I was given a little book recently that basically condensed all of the self-development books, pod casts and seminars that I experienced over the last 10 years. CORE 4 is the root and Sean Whalen is the truth! If you have experienced this book let's talk and if you have not.. Check it out!

Patti, Thank you for providing this link. I will review this weekend. 

Please share advice about renting to section 8 tenants.

The Lake County IN Tax Sale is coming up soon and I have never participated in a tax sale. I am looking for advice on where to start and if there are any good systems to follow?

@Carlos Soto

Carlo,

I totally understand your frustration. Markets continue to tighten across the country and traditional methods of viewing and purchasing properties seem to be diminishing because realtors in certain markets are struggling to find retail deals.

Quick thoughts-

1. Attend and Network at as many RE networking groups in your local/ regional market. (If you are investing there) These are great environments to find motivated sellers (Wholesalers, Landlords, Retail, Motivated Sellers) You can also seek out opportunities to put your cash to work without buying a property through private lending. Private lending to folks that are actively buying real estate in your market or others. Gotta be super careful but it is a great way to network and put cash to work. Do your Research on how to this the right way!! (Get Your Principle Back + Interest)

2. Seek out Wholesalers/ Off Market brokers in the local/regional market. These folks are consistently searching for motivated sellers to sell/assign their properties to buyers. Pricing is generally less than working with a retail broker and they are motivated so they may treat you like a king!!!

3. If you are comfortable with seeking your property type and the formulas that help you make decision of go/no go, look at other markets. There may be deals within 100 miles or 2,000 miles but this can be tricky if you are not ready to manage people and property that far away.

It takes a mix of ways to generate deal flow to raise a real estate investor.

Good Luck!!