All Forum Posts by: Reggie Withers

Good evening everyone!

I have a distressed house in Montgomery, Alabama I am working to put under contract. The homeowner is a lovely lady whose husband passed away. She has since his passing obtained another loan on the property that she paid off. The issue arose when buying herself a townhome when she found out she was not on the title of her original home. She contacted probate who stated it should be a "quick fix" but obviously she never fixed it lol. 

Facts: Husband passed years ago and she continued to reside in the property, she has had other loans approved on the home in her name, no one else has a claim to the home, she pays the taxes which are also in her name I believe.

Any information you can share would be helpful.

Congratulations Manas! I know the first and hardest step is taking that leap. I would highly suggest if you intend to have a property manager to reach out to various ones to build a relationship and to get their rental comps. 

I am a ER nurse here in Los Angeles that started flipping in Birmingham this year with some success. I am currently 80% done with my second flip but want to scale and start generating my own leads. I am currently receiving leads from Facebook, RE agents, and wholesalers.

I’ve started looking into REIvault (not for newbies I hear), wholesaling inc., as well as beginning to learn Podio.

Any suggestions on which direction to go?

@Kyla Clayton thats great! Are you driving for dollars to wholesale or to buy for yourself?

@Stefanie Jensen yes trusting my contractor(s), property manager has been difficult while investing in Birmingham but living in LA for sure. 

I love the idea of MFR, actually I owner occupy one here in LA. What are the prices of duplex you target and what are you trying to profit on per door? $100 to $200? I would imagine managing them yourself helps tremendously.

Do you work with long distance investors yourself?

@William Hochstedler I am running into that in a lot of markets. Bigger players having systems in place that allow them to take calculated risk in buying homes and work on thinner margins. I generally want to buy off-market deals in distress but would need to build a system to generate leads or work with wholesalers. 

Hey BiggerPocketers!

I am an ER nurse here in Los Angeles that is scaling into Birmingham, AL and eventually Frankfort, KY. 

How is the market of SLC and Ogden in regards of cashflow/profit for rentals or potential flips? My family is from Ogden, my grandmother lives in Roy, with myself going to school in Roy for a brief time (Go RAZORBACKS!). I would love to scale into the market and have an excuse to visit my grandmother more often. What are your thoughts? Is the market now overpriced with deals far and in between that do not make sense with the barrier of entry to high?

I am looking for SFR and MFR in distress that I can add value to through rehab with acquisition and rehab cost 30% below ARV.

Can this be done in Ogden and SLC?

I would love your input and hope you and your families are safe and well.