All Forum Posts by: Kevin Schulte

Ed do you know of any books or anything pertaining specifically to this? I have the lonnie scrugs books which are kind of "birds eye view" but I'm thinking something more nitty gritty?

Welcome to the site!

I would try to time it with student loan dispersals , but yes an "out" for graduaion might be good - you could make them temporary airbnb style rentals or get an early start leasing to out of state students.

thats not uheard of but it isn't something you'll likely find on the mls or craigslist , direct mail or just knocking on doors after finding owners from the country records might be the way to go. Youll need an off market deal.

Also I dont know your market but people arent just leaving equity on the table , so be prepared to put aome sweat or money in doing fixups yo get it truly "rent ready"

Are you networking locally yet?

wholesaling or to find deals to hold as rentals?

From what i've heard and read its really more about volume than hand written notes, unless you find out through a county deed search that the owner is of an older generation that might respond better to this I dont think its worth your time. I'd looked into outsourcing the handwriting online but its cost prohibitive.

I imagine if you were in a very specific niche, say 1 million dollar + valued homes or something , then it might make sense.

I'd much rather be in RE for the coming storm with assets that I owe fixed amounts of interest on.

Compare Dent's opinion to john bogles recent interview

https://personal.vanguard.com/us/insights/article/...

obviously cap rates are going to change once interest rates no longer hover near zero but with proper marketing - even in a heated area , deals will exist that easily beat these projections for "safe , armchair investments" 4-5% , we're staring down, not stagflation or anything like that but a definite slowdown globally, with africa and south america and parts of southeast asia being the last catchups for actual industrialization (I suppose a good portion of india as well but they haven't exactly been growing slowly these last few decades)

Millenials prefer to rent IMO because so many are burdened with debt and so many baby boomers have yet to retire because of the double whammy to retirement funds that was 2001 / 2008 , millenials aren't stupid - just poor. 

We might see a glut of inventory for sfr's but IMO at the worst you just need to adjust for slightly higher vacancy rates

Welcome to the site paul! good call on networking , get some face to face and you're more likely to actually get some deals done instead of just reading about it and suffering that "analysis paralysis"

i'd just contact them directly - http://www.azdot.gov/mvd/VehicleServices/abandoned-vehicles/contact-us

do you own the land or is it in a mobile home park?

No - thats a red flag to be sure.