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All Forum Posts by: Mike L.

Mike L. has started 2 posts and replied 24 times.

Starting Out

Post: Pre-foreclosures

Mike L.Posted
  • Posts 32
  • Votes 1

Go straight to the source....The courthouse or county clerk.

0 Votes
Starting Out

Post: How did you start?

Mike L.Posted
  • Posts 32
  • Votes 1

My first deal was a rehab. I waited a long time (1yr) to find a great one. Bought for $4k put $9k in it and sold it for $49k. Then I decided to hook up with a birddog. Landchasers finds all my deals now quicker than I ever dreamed. Now I buy multifamilies that cash flow $300 mo. after I pay someone to manage them.

0 Votes
General Real Estate Investing

Post: How do I know if this is a good deal or worth pursuing?

Mike L.Posted
  • Posts 32
  • Votes 1

You need to know the answers to these questions before you will know if it's a good deal.

What can you sell it for?

How soon can you sell it?

How much will it cost you to acquire/fix/sell?

When you can answer these questions you will know how much profit to expect.

Mike

0 Votes
General Real Estate Investing

Post: What will $100k buy in Your City??

Mike L.Posted
  • Posts 32
  • Votes 1

Atleast two probably three duplexes that could bring in $3000 total in rent every month. This is in Indianapolis, IN.

Mike

0 Votes