All Forum Posts by: Account Closed

@Rudolph Smith

What areas do you plan on targeting for multi family, hard market for multi in JOCO.

That was more aimed at Sydney King, your welcome to join us at the next meeting!

It has been a good strategy for obtaining properties in the past. I will do direct mail campaign and will just drive my target areas. Look for clues, shabby yard, electric meter tagged as off. Check county records find out who the owner is and search to find any clues about them. The more that i know when it's time to negotiate the better. When i write my letter (sometimes i find there number and luck out and just call, i seal more deals this way) I try to come at this as a professional and address it like it is it's own business offer.

Tax sale is another way to obtain wholesale properties, it's trickier as you have to contact these people before the tax sale and close. You can usually pay off a year and some and they will then let you be for while, lol. anything bought after has clouded title.

Network, just having a group of wholesalers is a great way get deals and even sell yours to other wholesalers.

I do a direct mail campaign about every quarter. Tax sale in the summer and get a couple good deals a month from networking. Deals on MLS in spring and summer in my areas i target are slim.

@Engelo Rumora

If your working the market yourself, it can be done. If your looking at St. Louis, it's 4 unit multi is your best bet. They are turn of the century, but the bones are good in these properties. I would stay away from the single family, C class there is a rough market.

@Steve Endress

Curious what price you are picking your A class up for in each of the markets.

The better way to do this might be to joint venture (JV) with a "boots on the ground" partner in the city you are interested in and split the deals/profits. It would be very hard to do out-of-state deals by flying in, assembling a team, flying back out and hoping it runs well....sounds like some of my crockpot cooking...it might be edible but you never know how it will turn out.

I do this with a lot of out of town investors. Mostly people interested in flips. Have some long term buy and holds we split rent on till we cash out on them.

@Aaron Bassett

@Aaron Bassett

@Aaron Bassett

That it was...

Denver in March would have been nice!

@Aaron Bassett

Yes, I have done it in the Florida market and have seen people do the same in my own market. Even helped people from BP connect with lawyers, contractors, wholesalers and etc etc.