All Forum Posts by: Simon Shih

Driving for dollars.
Mail marketing.
Networking.

A lot of it is timing. Go to your local REI. Meet as many people as possible. Read, learn and listen to podcasts.

lol. Yeah they are. I was focused on the numbers. What's the market rent for this property in the area? 

Just out of curiosity, why would you go this route? You are basically buying retail and renting it out, but you are having to take the risk of rehabbing this property. If you aren't wanting to buy wholesale, then just buy a turnkey rental.

Welcome to BP @Marvin Rice. I also binge listen to the podcasts. I have learned more from them than any book or website.

Welcome to BP @Vincent Charleston.

Your offer should be 70% ARV minus rehab costs. What's your exit strategy? Are you flipping? Are you buying and holding for rental? Are you using cash? Hard money? A lot of your question is based off answering my questions.

Have you looked into Docusign? You should be able to do it digitally and cut out the fill out and scan part of your process.

I didn't even notice that @Brian Mathews. I have also heard it all and everyone thinks they are super clever and the first. It doesn't even phase me anymore.

I think you have to live in it for a year. 

Yeah I get that @Brian Mathews. lol

If you have a friend who is a real estate license, ask them to pull the history of the house and comps too.