All Forum Posts by: Kristen Reyes

@Leland Smith

I would recommend looking if they have any lawsuits filed against them. I wish I would have done that!

@Jonathan Greene

Hey Jonathan, Thanks for the response. 

I read the blog post "Driving for dollars bible" on BP and I was going to try to duplicate his system. Identify a neighborhood with the desirable ARV- which I have already done.

Then do the driving, get addresses and pictures of the property. In this article it mentioned everything can be done through the local county's website for research- which I was planning on doing.

Do you not recommend using assessor's website to pull property record information? I was considering doing as the article suggested and having their property printed on the envelope to get a better response. I also like the idea of texting, which I have heard has a great response rate.

I know this method may be slow- but I want to target specific properties that fit my criteria. 

Do you have an recommendations that you use for researching a property? Do you personally use deal machine? I am open to any suggestions- My goal is to get 1 property under contract by the end of this year so I am all ears! Gotta make this happen!

@Brenden Mitchum Hey Brenden thanks for the response! That is really clarifying. I didn't want to do all this driving for dollars,  get interest, and not know how to close.

So- once I get the right documents, what else is there to it? Once I find an interested seller and we sign the purchase agreement and sales agreement- what do I need to do? Like it isn't as simple as the documents are signed and then we exchange money and the property is mine right lol? I know I am getting detailed- I just want to get an idea of what is ahead. Really trying to get my first deal before the year ends!

If you would rather PM let me know.  

Hi BP!

I am really working on getting my first deal. The MLS is not working, and I am going to start driving for dollars.

I have already targeted a neighborhood with the ARV that I want, and I am ready to go out and look for distressed properties. However- if I get a call back what do I do then?!

Everything I read is telling me how to drive for dollars, but my question is how to close on the deal? What documents do I need. Is it just a purchase agreement? 

I guess I need help on the technical side. YAY we agreed on a price now how do I finalize this deal? Any help would be awesome.

Thanks BP!

@Adrien S.

Ok thanks for the info- what was the name of your meeting again?

Hopefully I'll get to go someday 😊

@Scott Swanson Thanks- I will message you.

@Adrien C. - You run a REIA right? Are you all doing zoom meetings or anything during COVID?

Hey BP-

New investor here. I am currently looking at properties to start my first BRRRR deal. Looking to connect with contractors in the area to work on this deal and hopefully many more as I grow. Any contractors or recommendations would be great!

Hey BP,

I am getting ready to do my first deal! I am trying to get banks lined up for my BRRRR that will do a cash-out refinance at 75% LTV with no seasoning period.

Anyone in Northwest Indiana have a bank to recommend?

Thanks,

Kristen

@Alyssa Dyer

Thanks Alyssa. I am still new and went to only one REI before the pandemic shut them all down. Maybe they will be opening the meetings back up soon so I can network with some property managers and such. I am sure some local REI have some information.

Hey BP!

I am just starting out and considering the section 8 program. I called the local HSA in NWI and it was hard to get some of my questions regarding rent prices and how the payment standard is set. (I plan to call back soon)

Anyone from Northwest Indiana who has experience dealing with the local HSAs? Even if I could get an idea of how they set rent would be great, because I can't even practice running my numbers without that figure!

Any help is appreciated.

Kristen