All Forum Posts by: Teddy Smith

You can go thru the online public records and find the mortgage info. Type in "online public records *insert city*"

If you're a broker, you use Realist.

This will give you a very broad idea of the mortgage situation. Most of the time I just "eyeball" it to see how long they've had the mortgage. If it's something that could have a major impact on the deal, you could use an amortization table to find the balance. That's overkill %90 of the time though.

1. You'll have to pick up the phone and call them individually

2. Contact a broker

Unless you have ungodly amounts of money and/or a seasoned investor, I would just call an agent. 

In my area, most good deals hit the commercial MLS and go pending instantly because they already had a buyer in their database. Some deals will never even show up because they were sold privately. You can get set up on an alerts for multi-family/retail and at least be able to see them come online. But your area could be completely different!

Cold-calling is the best, OP. Keep on dailing!

Lowest cost and highest ROI activity in the business!

Until you can hire people, I always say to triple down on the activities that generate revenue. For me it was content marketing and cold-calling. I did everything I could to be the best at those two things and everything else fell into place.

Please feel free to call me if you have any questions, Marc.

You can use Zillow to individually search and do quick analysis. Unfortunately there's no tools that I know of. If there was I'd be very wary because most of the algorithmic type estimates aren't with a crap.

In terms of areas with the best sucsess, it will depend on your invesment style. There's deals and good properties everywhere but that will depend on your risk tolerance and overall investing strategy.

Areas I'd look out for and where I see tons of investors: Sunset Park, Castle Hayne, King's Grant

Any high-quality, undervalued asset is going in my portfolio lol

Send them a certified letter with what's called an "Eviction notice" after they have violated the contract. After 10 days, you can file a summary ejectment down at the court house. From there they give you a court date to go to. If they're found guilty (which they will), they give them five days to get out or the sheriff shows up and removes them.

I always try to let them know that an eviction is public record and will prevent them from renting in the future and obtaining jobs. Evictions can be nasty and stain the relationship so only do one if you have to.

If you're looking for a contractor that deals with investments, Mickey Webb "M. N. Webb, LLC" is a good one (Shoot me an email for his number). Very honest, professional, and responsive. Make sure you tell him exactly what you want because most contractors will put it in things that don't need to be inside rentals! (Granite counters, tile showers, etc)