All Forum Posts by: Steven B.

Looking to raise over $3mm for a real estate investment fund. Where are the best places to connect with potential investors?

I have a camper I’m required to remove from a seasonal campground near Sea Isle. I completely renovated the trailer for personal use. I’m considering pulling it to a mobile home park and renting it. Anyone doing this near the Jersey shore or south jersey? 

I really like this place in Berlin. They have a cabinet line called Mantra I used and turned out really well. They also have great pricing on vinyl plank and carpeting. Ask for Rob.

https://www.prosourcewholesale.com/

@David Petikyan

There is no “best” states. It depends what you’re looking for.. redemption interest or are you targeting reo. Also you should expect to do tons of due diligence prior to each sale, of which most property will redeem prior to the sale.

Your first step should be to speak with attorneys in the states you want to target. Ask what the redemption period is. Ask what the foreclosure process is. Ask how to get a clear marketable title, and typical costs associated with it. Ask about sale fees, how do you pay the sub taxes.

Find out what the county needs for registration.

Are the sales held live or in person.

In most states you will never earn the maximum interest rate, and if you do an experienced bidders are in the room you should consider that a red flag. Expect all bid down interest states to go at low rates, expect to pay premiums in premium states.

In FL just about every residential property gets bid to .25% by multiple bidders. Eventual winner will get the state min interest rate of 5% penal.

Not familiar with TX.

Good luck!