All Forum Posts by: Nancy Brook

Hi @Kenny Dahill

I'm not following what you are asking. Are you looking to do a rehab that you live in but you cannot find a good deal?

Hi @Eric Perez,

Find a bank that keeps their loans in-house. You'll need to talk to a commercial banker, not a traditional mortgage lender. Look for local or regional banks. You'll pay a bit more in interest, most likely, but it's well worth it to have the flexibility to get deals done.

How are you finding the "subject-to" opportunities, Seth? Are you doing mailings? If so, who do you target, i.e. expired listings?

Brilliant approach, Victor. Let the deals chase you!

Last five deals:

1) Realtor pocket deal - he mailed homeowners to ask if they were interested in selling in our target location

2) Phone auction - the auction was in person but we couldn't be there so we bid via phone

3) Wholesale opportunity found through postcard mailings

4) Online auction

5) Turnkey

 I could introduce you to some big time wholesalers who are making seven figures plus who I've met in person. 

@Jay Hinrichs

I'm not soliciting listings. I'm making offers on houses and getting them under contract. I do not earn a commission on a sale. I either assign my contractual rights or I close on the house and sell it after i own it. Further, I work with other brokers and real estate agents in Florida on wholesale opportunities. 

Great advice here by Colin. 

You could also try rent to own or subject to. Basically, you find homes where the owner owes what the property is worth or more than what it's worth. They are stuck in that they cannot sell it through a real estate agent because they will end up owing money at the closing table. Often, you can find these types of underwater properties by looking through real estate expired listings. I have not done this type of investing myself but I have talked to a couple of people who seemingly use this strategy successfully. The good part is that you won't have to come up with much money down. Maybe enough to help the seller move. The bad part is that you will likely be paying full or above market value on the property. But as long as it's cash flowing with a tenant, I don't see that as being a problem. Just make sure to have an out if the property cannot rent.

Again, I'm no expert on this but if you do some research, you may find out more about this topic.