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All Forum Posts by: Mathew Gunkel

Mathew Gunkel has started 6 posts and replied 48 times.

Post: Wholesaling to a buyer using a 203k

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

Are there any wholesalers out there who've dealt with buyers using a 203k loan?  Was it excessively difficult or time consuming?

Post: Re: Hunting for 203k leads with a realtor

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

@tyler weinrich Looking for cash sales is even better!  You know there's equity there.  Thanks for the tip.  I'll definitely use that.

Post: Re: Hunting for 203k leads with a realtor

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

@Tyler Weinrich Oh wow.  I didn't realize they had the ability to filter to that degree.  Thanks for that info. As far as the ethics/rules go, I'm leaving that to the realtor to determine. 

Post: Re: Hunting for 203k leads with a realtor

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

Hey Everyone,

I'm trying to get leads on a multi-family property to house hack into using a 203k loan, and begin my buy and hold journey. My lender has a 203k specialty team, so that should be a plus. I am in the process of working with a realtor to run reports on my target area using mls and other databases. All of the HUD multifamily units seem to be large commercial apartments (nothing 3-4 unit), and most of the properties I see on MLS are firm at or above market value.

My question Is whether or not there is any way for a realtor to easily run a search for multifamily units in my target areas that aren't currently for sale.

My realtor is in the process of getting me a list of properties purchased 1980 and earlier (increased likelihood of equity), and non-owner occupied.  Once I get the multi-family unit lists, I plan to drive my target areas starting with those that have a great deal of equity in the hopes of seeing signs of a distressed property.  Maybe even knock/fire out some letters regardless of property appearance.

Any thoughts on my plan or how to get a list of not-for-sale multi-family properties via realtor databases would be greatly appreciated.  Also, if anyone has any other tips to help my search please chime in.

Mat

Post: Hello!

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

Welcome to BP and good luck!!

Post: Putting together a plan - Buy & hold in Socal

Mathew GunkelPosted
  • Investor
  • Pennsauken, NJ
  • Posts 50
  • Votes 10

Great questions!  I am starting out on the east coast, and have been trying to figure all of this out as well.

Thank you all for the warm welcome! @Brandon Turner I am all over the BP podcast. Every single podcast has been entertaining and I learn so much. @Greg Wake If you know of any good SJ REIA groups let me know. I've looked on "meet-up" but I'm not seeing anything happening in the near future.

Hey Everyone,

I'm new to BP, and I wanted to introduce myself.  I have limited real estate experience, but I have spent the past few months reading books, listening to BP podcasts, and soaking all of it up like a sponge.  I have owned my home for 10+ years, and I've rented rooms through 7 tenants with great success.  Now, I'm prequalified with a lender, and I have strategy.  I have so many questions to help make sure I am starting off on the right foot, but I'll save those for another thread.  I am so excited to get to know people in the BP community, but more specifically in the South Jersey area!

If you're in the SJ area and you want to network feel free to reach out to me.  I'd love to meet people to share ideas/thoughts.

Thanks for reading!

Mat