All Forum Posts by: Max McDonald

 @Connor Anderson

@Travis Biziorek

@Travis Biziorek

@Connor Anderson

Good suggestions from Malcomb and Lydia. I would also suggest checking out Profit First for Real Estate Investing by David Richter.

You should create a buy box and study your market 60-90 days and determine what the average CoC is, then only buy great deals that are 2-3% above. Each market will be different. Check out Michael Zuber's "buy box deep dive" on Youtube.

@Travis Biziorek

I recently had a similar situation. There's a duplex in my area, that I drive past regularly. I noticed that it looked vacant and has stickers on both doors. I checked the county assessors' site and was able to find out the owner's name and was even able to find out information about delinquent water bills and shut-off, and tax payment info. I then used True People search to find several numbers. My next step is to try and talk to the owner and find out what's going on with the property and see if I can offer a solution. 

Thanks Eliott! This would be my first RE seller contact... :)

Hello BP community. This is my first post and have been reading a lot about various REI strategies and have landed on wholesaling as my gateway into buy and hold rentals, due to lack of startup capital. I have noticed a vacant duplex, near my home. Info that I have obtained thus far:

- City stickers on the doors for being vacant and water shutoff notice

- Purchased 07/2016 for $135K; FHA mortgaged for $132.5K

- Partial Claim Mortgage of $11,528 issued 09/2021 to catch up mortgage payments

- Certificate of Forfeiture from county issued 04/2022 for delinquent taxes

- Tax bill was paid in December 2022 by mortgage company ($0 currently due)

- Water account has $775 past due, as of last bill date 02/28/2023

- The duplex has a shared carport with an identical looking duplex next door (different owner), which has holes in the roof.

I used a free skip tracer to find a number for the owner but wanted to get some advice from seasoned investors on how you would approach a situation like this, as newbie?

Thanks,

Max