All Forum Posts by: Joseph Escamilla

@Nicholas L.

 Reason we are trying this strategy is just due to the fact that just like the rest of the country there is limited supply in this market. We are very particular with what we want and identified specific neighborhoods that we want to live in. We aren't in a rush to buy so we told ourselves why not. It's a shot in the dark but costs us nothing except for a little bit of time to do. 

We don't necessarily have a NEED or desire to get something off-market per se. We are happy to get something on-market if it checked most of our boxes. But like I said we want a specific neighborhood so since nothing has been on-market there we decided to try to and test our luck.  

Hopefully this gives a little more insight to our reasoning ? 

 This is awesome thank you so much !! @Jon K.

 Thanks so much @Jack Schwartz !! 

 Totally agreed @Taylor Dasch. Our expectations are low. We know that we most likely will not get any responses, but let's see what happens! 

 Really good advice thank you @Gregory Schwartz ! 

 Gotcha makes sense. Thanks again! 

Super helpful I will check it out thanks @Marshall Smith ! 

 Thanks @Jonathan Greene !! I guess I’m confused by the skip tracing part? I can get the info from the county tax records but still need to take another step? Not sure if I follow 

Ideally we get something that has a good structure but is outdated and needs TLC. Even if it has some renovations we can work with that if it’s in the neighborhood we want. But would prefer to stay away from the far ends of the spectrum (dilapidated or fully renovated).

Thanks again for the reply 

Joe 

Not looking to wholesale, but posting in this thread because I'm guessing wholesalers probably have the most experience with this.

My Fiancée and I are driving for dollars looking to buy a primary residence in a neighborhood we want to live in. How would we go about obtaining the property owners' mailing addresses for the properties we want to reach out to? 

Im sure it varies by area, but is this public record that I can get from county/town records? Or do I need a specific software to obtain this info? 

Thank you ! 

Joe

Hey Henry. I think the answer to this question would be different depending on who you ask and what their goals are. 

For me personally, I am an unmarried young man with no children and no big expenses. The combination of that and having a w2 job means that I don't need the cashflow on a monthly basis as much as a primary breadwinner with 3 children does. 

With my goals and current situation, I value leveraging and reinvesting the refi money into buying more properties more than I value receiving the cashflow. Of course I still want the property to cashflow but I am ok with receiving $500/m as opposed to $1,000/m if it means an extra $70k in my pocket to reinvest (using random numbers as an example) 

But this is not the correct answer for everyone! Since you are walking away from your business maybe you decide to value cashflow more than leverage because you will be lowering your income source in the near future. If you are "OK" income wise and want to acquire more properties then maybe you decide to value liquidity/leverage more. 

Hopefully this helps you make your decision and don't hesitate to reach out if you have any questions 

Joe