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All Forum Posts by: Justin S.

Justin S. has started 17 posts and replied 67 times.

Post: 1-4 units or 5+ to build portfolio

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Marcus I agree. It is my strategy that matters. Thanks for the input.

Post: 1-4 units or 5+ to build portfolio

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
So as of now I own 24 units 19 of them are 1-4 family one is a commercial property 4 family with a storefront My lender is telling me to try and go commercial (5+ units) from now on because it makes it easier to finance and pull out money to put down on other properties The issue I have with this is that in my area 5+ unit buildings are much more difficult to acquire than the 1-4 family properties. My plan is to purchase about 8 units every year for the next 4 to 5 years My question to everyone is do I sit and wait to hopefully acquire One or two 5+ units A year or do I dink and dunk with two to four 1-4 family properties a year? My strategy I feel is working so far but I went last year waiting for the big one and it never came so therefore I went an entire year without purchasing a property I cannot allow that to happen again Any thoughts or suggestions would be greatly appreciated Thanks J

Post: Dwell Financing Good or bad?

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
I don't have a specific property right now just looking for alternatives in case my bank stops lending commercially for 1-4units.

Post: Dwell Financing Good or bad?

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Received a flyer from Dwell Financing. Has anyone ever done a deal with them before? My local commercial lender isn't treating me as well as I would like. I'm not necessarily leaving them but would like to find a back up plan. Any thoughts on Dwell Financing or any other alternatives would be appreciated J

Post: Expected Return On A True No Money Down Deal

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
I am in the market for an 8 to 12 unit building for about $600,000 I am pulling closing costs and down payment out of equity of other properties I'm having a tough time finding deals to cash flow Because it is truly a no money out of pocket deal there is no cash on cash return ...its infinite My question is what type of return should I be expecting when doing a no money out of pocket deal?

Post: Starting Flipping Business, How Do I Market Out Of Town Buyers

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Originally posted by @Sean Dolan:

In AdWords, under your campaign >  settings, scroll down to 'Locations'. 

Below shows that the campaign will target only people in the U.S., except for those in Buffalo, NY. 

Or maybe U.S. is too broad for you, and you want to reign in your targeting a bit. Say, you want to target a 50-mile radius around Buffalo NY, but still exclude Buffalo itself. 

This is how it's reflected on the map:

And this is how it will look in settings.

Under 'Location Options' seen in the above image, make sure that you're targeting people in your target location, and excluding people in your excluded area. "People in, searching for, or who show interest in my excluded location (recommended)" can be really lose with its targeting. My recommendation will keep your targeting much tighter to your intentions here.

On a similar note, with 'Language Targeting' keep in mind that if you target languages other than English (Like Spanish, or French) you will still be targeting only english search queries. This means that someone whose browser is set to Spanish as their preferred language, who searches in english the term "buy houses for cash in Buffalo" will see your ads. If you don't have Spanish as a targeted language in AdWords, and someone searches "buy houses for cash" on a browser with the language preference set to Spanish, they won't see your ad. You miss a lot of bilingual traffic by only targeting English.

Hope that helps!

 That's great Sean.  I really appreciate it.  I'll keep you posted On the progress.   Thanks again for taking the time   

Post: Starting Flipping Business, How Do I Market Out Of Town Buyers

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Originally posted by @Sean Dolan:

You can target Adwords (Google's search advertising platform) for terms buyers are searching for, about your area, like "homes for sale in Austin" but geographically exclude the Austin area. 

That way, you'll target those searching for homes in Austin, but ONLY to those outside of Austin. If you need further assistance, I can screenshot the settings.

 Thanks Sean that would be a huge help if you would screen shot that. 

 I really appreciate it. 

Post: Starting Flipping Business, How Do I Market Out Of Town Buyers

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Originally posted by @Lance Wakefield:

@Justin S.

Bigger pockets is an excellent way if you have management and everything in place. There is a podcast or two about turnkeys with companies like memphis invest. Maybe its worth listening to see if they have any tips. 

 Thanks Lance. I'll listen for sure. 

Post: Starting Flipping Business, How Do I Market Out Of Town Buyers

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7
Originally posted by @Lance Wakefield:

Have your agent look up all the cash purchases in the area over the last year. Are you trying to sell turnkey rentals? Why do you care who buys your flips if you're getting your selling price for them? 

 Yes turnkey. 

I'm going to market in my area as well.  Just trying to figure out how to get in touch with out of state owners as well.  

Post: Starting Flipping Business, How Do I Market Out Of Town Buyers

Justin S.Posted
  • Investor
  • Buffalo, NY
  • Posts 67
  • Votes 7

I am currently strictly a buy and hold investor.

I am about to start flipping and want to sell to out of town/state cash buyers.

What advice can you give me as far as the best way to get in contact with those out of state cash buyers?

Thanks