All Forum Posts by: Michael Higgins

@Dustin Allen

How exactly are your clients making money? If it needs 50K in repairs the rehabber is going to need that 100K buffer to account for refinancing costs, closing costs, risk, effort, etc. 

Looks like it could be a good deal, that's awesome! I've been looking at the area for a little while now. How much will this lower your monthly cost to and how much is the other unit gonna produce towards the mortgage. 

One advantage is the ability to make extra money. You said you are doing fix and flips to build capitol, well selling real estate will give you another arm in that goal. If you are someone who is deeply ingrained in real estate(i.e you are flipping houses, talking to various specialists, talking to buyers,etc) then it is likely you will have opportunity to get leads to sell just from that. Furthermore it will make finding leads for your flipping/investing much easier. 

It is one thing to have an agent send leads and have to ask them for any thing new. Its very different when you have the MLS at your finger tips and have the freedom to look up any thing at any time, have all the information at a moments notice and be able to access it any time a day with out needing to ask somebody else some where else for it. It can take some time and effort to get it, but if you work at it will help your business by helping you build capitol and find more leads.

If you have any questions or would like to chat more feel free to connect with me.

Hello, I am in the Coachella Valley area(Palm Desert, Palm Springs, Indio, Joshua Tree, etc) so if you are considering investing semi-locally and have any questions about the area feel free to connect.

Your MAO is your MAO, and that is final. Don't ever offer more then the numbers allow.

Search the average days on market in your area and after that period has passed contact him to see if he would reconsider your offer. If he is still being stubborn, contact him again- either every two weeks or every month following this initial contact, depending on your level of comfort. 

one of three things will happen in this time period:

1). Somebody will make him a better offer in which case you lose nothing because you have no money at stake.

2). he will take his home off the market in which case you also have lost nothing

3). He will fold and accept your offer in which case You win!

Remember, this is a numbers game, you need to contact many people many times

You may get a deal and you may not. Remember the worst he can say is no. You miss 100 percent of the shots that you don't take. 

If you have any more questions or concerns feel free to connect with me.

Hello Jeffrey,

The most straightforward way is to contact a real estate agent in your area that works with investors. If click on the network tab on the top of this website, click on real estate agents you can find one in your area.

Furthermore, If you go to any of the major real estate websites-zillow.com, realtor.com, trulia.com, etc- you can find vacant land listings their as well. Though it wont be as up to date as an agent with the MLS.

depending on how big of a lot you want you can also check out landwatch.com, they often have some good listings.

If you have any more questions feel free to connect.

I remember reading a study they did sometime back where they had monkeys throw darts at a dart board to pick stocks. The monkeys were able to out perform "professional" stock pickers with fancy degrees. So I guess anything is possible.

Hello Antonio,

The best thing for you to do, as a military veteran, is to try and take advantage of the VA loan program. With this loan you can buy a multifamily, under 4 units for possibly no money down as long as you occupy one unit.

As for finding a deal that is whole topic onto itself. The easiest way is do it find an investor friendly real estate agent. Go up to the top bar on this website and click on the "Network" tab. Click on real estate agents and then search your area. You are going to want to contact a couple of them. Select the one the has the most investment experience and connections (Ideally, they should be actively investing). 


If you have any more question feel free to message me.

How much are you cash flowing per month on this deal?