All Forum Posts by: Kirky Galt

Hi Twana, Welcome to BP! Would you rather invest locally or at a distance? Send me a message or give me a call anytime.

Hi Danielle, I would research data for various markets that you'd be interested investing in. Start out by considering the strength and growth of local industry. Look for stable population growth, low vacancy rates, rising lease rates, favorable regulation, and a stable overall housing market. If the region has a strong economic outlook, your investment will be less risky. Areas like the Inland Empire are a perfect example.

Hi Guy, My advice is to use what you know and put together a team that can bridge any gaps in your knowledge, and enable you to accomplish your goals. Starting making offers: here, there, anywhere. Just go for it.

Hi Matthew, Long-term (conventional) loans are generally appropriate for less risky ventures. Properties that are in poor condition represent a greater risk of default. The BRRRR method allows the risk to be absorbed by the short-term (hard money) lender. Once the property is repaired and fully occupied, there is much less risk to the conventional finance partner. The hard money and conventional refinance work together.

Hi Matthew, There are opportunities, but you'll need to market directly to property owners to find a rental that will cash-flow well. Send me a PM if you'd like to talk.

Hi Robert, It does! All other factors being equal, buyer's agents will tend to show higher commission listings more often. It's worth the 1%. High days on market will signal to buyers that there could be problems with the property, leading to less and lower offers.

Hi DeMarris! I recommend BeenVerified.com. It's very inexpensive and has a tremendous amount of data. Also available as an app. We get through to the majority of homeowners on our driving for dollars list. Let me know if you'd like some help.

Hi Scott, Are you currently in New York? If you have someone in SD that can drive for dollars for you, you can skip trace, cold call, and mail remotely. Hit me up if you need some help getting started.

He's the man of integrity and reason.

Affordability is a problem that has limited demand in many markets, along with the tightness in the money markets; however, there's plenty of money here in San Diego, strong population growth, and credit restrictions have eased.

Thank you! That's an inspiring deal!