All Forum Posts by: Kyle Kapp

Cam and Keenan, thanks for the recommendations! 

Thanks Keenan, its good to connect with you. Do you have a recommendation of a title company or attorney?

Hi! My partner and I are looking for a good investor-friendly title company and attorney in the Anchorage area. 

Also, I would love to network with flippers in the area! We have done a few investment deals ourselves and we are starting marketing to wholesale properties to flippers/investors. If you fit this description reach out and lets talk! 

@Caleb Rigby Its hard to tell in the pictures, did you replace all of the cabinets or were some of them painted?

@Caleb Rigby Looks great! 

A few questions:

• What year was the home built?
• How big was it?
• 3 bed, 2 bath?

Bump

How to you sell the idea of a wrap around mortgage to a distressed buyer? What are the benefits to the seller beyond just selling it traditionally? Is it only for people under water? Just learning about the whole concept... 

I understand how the 50% rule is a useful tool in quickly screening through deals. My question is how do you apply the 50% rule to the property as a going concern? What I mean is, are investors paying their expenses and holding the remaining balance of the 50% in a reserve account for each property with the expectation that at some point it will be needed?

It seems that this way you will quickly build a large reserve for each unit. Do you cap it out at a certain point?

I hear of people counting down the days until income from properties accumulates to the next down payment, but are people burning up their reserve accounts? 

I'm sure everyone does it differently, but would like some input.

Thanks

Cool, thanks guys. This will be my first attempt at trying to find a deal off the MLS.

I don't have their phone numbers, but I think I can hunt down at least some of them.  Most of the owners are local and live within a 30 minute drive.  

After work tonight I plan on making some calls.

I just picked up a list from the county of notice of defaults. Has anyone had any success cold calling on these? My wife is willing to make the calls, which seems like it may be advantageous. How do you start that conversation with someone?

Similar question: Have you ever just called on a property that is not for sale and had success? 

Last night my wife and I walked through the neighborhood scouting out duplexes  (not for sale). Today I have been trying to find contact info on the owners to call them.