All Forum Posts by: Paul Sorgi

You need to know what it is worth. What rents will it bring in when it is repaired? What are local comps for a 6 unit? Repairs needed? What will the NOI be? What are the expenses? Once you know what it's After repair Value you can determine what you should be paying for it. If you not near his $185k which he just threw out there be prepared to explain to him why it is only worth $XXX.

I have tested FB ads for sellers and if I set my budget for $10 and bid at the suggested amount I will get 8 to 15 clicks to my page. It is a simple page nothing more than a form with my phone number on it. I don't pay attention to impressions just clicks and actual responses. Has not really panned out but I will resume testing again soon. I think a free report like @Belinda Lopez used "how to sell your house fast" would work. I would also suggest giving it away for just an email address. You can then email the prospects info on selling a home and use that forum to build know like and trust with your prospects. Every email could contain your info and a link to a Web site.

Is there property management in place?

It is GOOD keep going and only look back to follow up!

Thought I would give this a bump. There is a meeting tonight and I look forward to seeing the regulars and meeting all the new folks from MA, NH, RI that make it to the meetup.

Great place for newbies to get their feet wet if interested in rehabbing and house flipping.

@Mike LaCava 's topic tonight is "How to Escape The 9-5 and Become A Full Time Real Estate Investor"

READ READ and READ. While doing that get actively involved in Real Estate. Work with an investor, contractor, real estate agent, attend local REIA meetings. Ask Questions in the Forum and listen to the Podcasts! Enjoy an dI wish you the best.

Welcome to the site! BP is a great place to grow your knowledge and your network!

"I make money and share it with my friends."

I can not remember who told me the above but I give him the credit.

Welcome to BP!

Get it in touch with a local short sale expert and under contract with the owner then find out if the bank will take it.