All Forum Posts by: Zach Romashko

@Dan Vleck Would the factor of it being harder to rent after school starts stop you from purchasing in the winter or would you just take that into account when you are running your numbers on a potential purchase? 

Today is the day we were all dreading... ok, maybe not everyone but I know I was. Here in Minnesota, the snow fell from the sky for the first time this winter. 

So my question is in regards to the market and how snow/ winter will affect it. I would really like to hear from some investors who have bought and sold properties where it gets cold and snows. 

Do the housing prices drop a significant amount? To the point where you really don't want to flip homes during the winter months? 

Is it a good time to buy a rental? And my last question, do rental rates go down/ is it hard to find tenants to rent to? 

@Calvin Kwan At first I thought that the fridge would be better on the left side of the stove just because functionality of the kitchen would be better to not have the fridge next to the sink. but after looking at it, I think you're right. With the fridge blocking your line of sight, the kitchen seems much smaller. The other thing I was thinking is the door on the fridge opens the wrong way and would be really annoying if your were cooking on the stove and had to walk around the door to get something out of the fridge.

Personally, I would go with the second drawing, with the stove moved down just a little bit. But at the end of the day do what you feel is best for your rental.

Also, these drawings are an awesome way to design a kitchen, Thank you for sharing this with us!

@Dakoda Spencer Hello Dakota, I think I'm in about the same position you are right now with direct mailing. I found this great blog post by @Brandon Turner called "How to create your own handwritten font for free (For Direct Mail Marketing)". The article goes into depth on how to increase your response rate with some good tips on how to get sellers to open and read your letters. It also has a picture of a letter you could model yours after. 

I hope everything goes well for you and keep us posted on how your mail marketing goes!

@Sean Wait I was at her class as well and I was thinking the same thing as you. Did you end up purchasing any of her material? 

@Luis Saenz This is a great question and this is a forum I will be following along to learn more as well. From my understanding and what i've learned so far is that wholesaling is not illegal as long as you do not claim you are selling the property. As a wholesaler, you are selling the rights (contract) to purchase the property, not the property itself. I hope this help and I look forward to see what other people post. 

Hey @Reginald Dillard getting started with no/ low money can be tough but you're right, it has been done! 

I am going to piggy back off of what @Jessica A. Smith said because she makes a great point. You can write letters yourself that would be more personal than having them mass printed and would cost you way less. I am going to take it one step further though. Since you are a law enforcement officer you will be able to know the area better then a lot of other people because you work in the neighborhoods and see houses that could be potential deals every day. I would take look at the "Driving For Dollars Bible: Finding Distressed Properties and Marketing" blog post. This is a way you can find the properties you that you can market to and you can find these properties while on the job! 

@Eric Mayo Followed your directions and you're right, there is a lot of information on any type of property you can buy in blue earth county. 

What is the best way to go about using this information? 

What are things I should be keeping a look out for while going through the property types I am interested in? 

How do you go about using this information? 

@Troy Southerland Thank you for the article, it was a great read! 

Have you bought properties from a foreclosure auction like they listed? I know they can be risky but something about them kind of intriguers me and makes me want to learn more about them. 

@Eric Mayo Thank you for the great advise Eric! I am going to check that out right now actually. I really appreciate it! 

@Isaac Kuehn

It is really hard to find good deals on the MLS right now so I would suggest to keep networking with local investors, you never know who might have a deal they are looking to sell. The other thing is you could market for your own deals, I might be wrong but I think there was a podcast called "market like a wholesaler". You don't have to be a wholesaler to market for your own properties but you could also work with a wholesaler to try and find off market properties that would make a good rental.

As far as the townhouse goes, if the numbers work out then yes, it could be good to start with that. The one big issue is that most townhomes have HOA dues each month that you have to pay and this can really eat into your cash flow. These HOA dues are different just about every place you look at so it is important that you do your research and factor those costs into your numbers when you're determining if its a good deal or not.