All Forum Posts by: Phil Z.

To scale a Rehab business, you're probably just going to be told the obvious. 

1. Find more deals (motivated seller marketing)

2. Sub out all the repairs to local contractors. (negotiate basement prices)

If your held back by money, then leverage other peoples money.  If you want to never be limited by funding, then you should seek Private Lenders.  Typically you can't 'advertise' for private lenders without filing lengthy disclosure documents with Securities and Exchange, so the easiest way is to get a private investor without 'advertising' (family and friends).  Family and Friends still technically requires a simple SEC filing, but nothing like the advertising requirement.

I would not make your 1st talk pitch asking if they will sell Owner Financing.  See if they want to sell .. go see the house .. build rapport .. then give them options which includes a straight sale were they pay lots and lots of taxes, or an owner financed sale were they limit their tax burden..

For most people Excel will work fine.  If your business is already profitable, you can looking into CRM software.

You are going to have a real hard time targeting motivated sellers on FaceBook.  The best way is to use FaceBook for "RE-Marketing".  You will put a piece of FB code on your website, and anyone who visits your site will then be targeted to see your ad when they return to FaceBook and/or InstaGram.

Never a good idea to sell performing real estate unless your doing a 1031 Exchange.  You will get hit hard for taxes especially if the property has been depreciated to $0.

Do you need a lot of cash for some reason?  Are you not getting a good return?

You can use any type of financing on a probate sale.

Don't bother trying to assign a short sale contract. It can be a lengthy process getting a name change after approval, and the 'wholesale fee' will probably be under-the-table since it can't be on the Closing Statement.  Knowingly working with a wholesaler when your the Listing Agent is not a good idea.

How would this be different than using Online Banking?

Roib may assign his assets to Buyer Agents, but that is definitely not the norm.  

^-- ::thumbs up::   Also when they take air samples they are checking for 'Toxic Mold' (black mold does not mean TOXIC mold).  Although rare, If they find that the remediation is much more intense and the property could be permanently stigmatized.  It would be smart to do the air sample as an inspection before closing.

I hate when I see people pull out the 'visible' mold and think its remediated.  Mold is in the AIR and on all surfaces, visible or not.