All Forum Posts by: Mateen Qureshi

Hi all,

Looking to start my first marketing lead gen campaign and a question came up from one of the guys I have been talking to get leads. I was asked what my plan was with this campaign. My response would be as follows: "I am looking for 2-4 units in XYZ market. If the opportunity that comes via lead gen (cold call/text) does not work for ME (either the numbers aren't what I want or I don't have the financing to carry the deal) then I will wholesale it or JV with someone who might be interested (could be a flip))"

Please let me know what else you would suggest in terms of a plan/next steps when you speak to a prospective seller and the deal does not work for you. What am I missing?

Thank you

Matt

Where do I find tax delinquent tax records for Dauphin county, PA? I tried searching this but could not see a list. Seems like the 'Upset' sale is what I am looking for. Correct me if I am wrong. I found a PDF for 2020 but the latest one will not be published until August.

Thank you in advance.

@Whitney Hutten Thank you for your response

@Scott Passman Thank you for sharing your experience. I am a newbie and I had a basic question about this statement "This is part of why I chose a lower LTV was to keep positive cash flow while still enabling me to pull out 19k to keep as reserves for the property". If I understand this correctly, you are stating that a higher LTV would have impacted your post refi PITI and therefore would have impacted your cash-flow such that it may not have been +$40?

Thank you @CJ M. and @Jaysen Medhurst. A 100% COC ROI though would be next to impossible where I live :-)

Hi All,

Beginner investor here - reading and listening mode for now. What is considered a good Cash on Cash ROI for the BRRR strategy or is the right number for this also falls into the category of "no one size fits all". I ask because I was running numbers on a demi-detached here in MD and although the cash flow made sense to me (50% of total amount) but the cash on cash ROI was not in double digits. I recall from one of the webinars that Brandon Turner did that looks for 10-12%.

I would appreciate any insights into this AND if this has been answered already in one of the forums then I would appreciate you pointing me out to that. My next read is David Greene's book on BRRR.

TIA

@Adrienne Green, Thank you for your response. I agree the "no one size fits all approach"

@Bola Williams, thank you for the tip. As for the DC market, you right in it being tight. I am not thinking of investing the district anyway. I am thinking more in outer regions of VA and MD and for that I may have to travel out a bit and possibly even build an out of state network.

Thank you @Tchaka Owen. Great advice!

Thank you all for your welcome notes. Appreciate the tips. Hope to return the favor one day soon.