All Forum Posts by: Lissette Deleon

Good Evening BP Community! 

I was doing some research on different ways to find off market deals and came across the idea of buying tax delinquent properties. I did some research and found the list from different parts of my state. Now I am trying to put a plan together to start acquiring properties that make sense. I am trying to achieve the following: Find Mulits to buy and hold as the market is ridiculous here (RI) for multis, or possibly flip.

When I direct mail, and get a call, what types of questions should I be asking?  

How do I know something is good deal? 

Once I find a good deal, What is the best way to purchase? Hard money? HELOC?

Thanks so much for the help!

Hello Everyone,

My husband and I found a HUD property that we would like to purchase in Rhode Island. We heard mixed stories about buying these properties, and thought I would come here and ask what are your experiences? What should we know before jumping in? Is it worth it?

Thank you in advanced for your input. 

Hi BP Community!

I have an investor looking to buy in Rhode Island and was wondering if anyone could help me find anything that fits one of the following criteria.

1. 4+ family or mixed-use properties where mortgage can be assumed or has a lease to own option (6%+ cap rate) 

2. Anything that can be rehabbed 

Details to come if the right property come up. please send me a message to my inbox if you know of any that fit either of these. 

Thank you!

@Brandon Ingegneri, Thank you for your feedback. I am currently working on the relationship aspect of things. I know those take time to build, and considering that I am pretty new to RI, its almost like starting from scratch. I do have some ideas where I can potentially get some homes under my belt, but have not tried them yet. 

@Sam Shueh, I didn't think mortgages were assumable, but everything is a learning experience! The agent that passed him over to me and my husband thinks its too much work, as real estate is her retirement career.  I will get on the phone with him later today and see whether or not what he is looking for is doable. 

@Nathan Gesner @Anthony Thompson @Cara Lonsdale

Thank you for the detailed feedback! 

@Eric Gross, Thank you, I will get to work! 

@Sam Albert, Thank you!  

Hi BP Community!

I just got an opportunity through another agent at my office, where she passed over an investor to me and my husband. He is looking to buy in Rhode Island and wants to know if there are any liens on the property (if any) and if they are assumable, along with the mortgage. He is looking to buy 5-10 properties a month and he is located in DC.

I have not gotten a response yet as this just came through, but I would like to try and prepare the best I can. So I have a few questions..

I have been hearing that off market properties are the way to go when working with investors, but what does that actually mean? Are these wholesalers? 

How can I get in contact with people who are selling homes off the market? Where do I look?

Thanks! I am a brand new agent and hungry to learn!

Hi,

My husband got a request for us to jump in with his long-time friend to do flips. Since we are just starting out, we do not have the cash sitting there. I know for sure we have equity in our home, and we were thinking of using an equity line of credit to do these flips. Is this a bad/good idea? Other avenues to explore? 

Thank you

Thanks so much for the feedback everyone

Hi BP Community!

I have done an open house. The home is priced decently and I am even advertising on social media. Its reaching tons of people, but there is no traffic! What are some strategies that I should implement to get people to come? 

Thanks!