All Forum Posts by: Ursula Leake

There is a way to get around all of that. If you buy "off market" and use creative finance, there are none of those limitations. Click to enlarge

Here's one for instance
So, I bought "off market" paid the seller $5,000 and I paid closing costs. No bank involved, no seasoning, no limit to number of properties

Zillow Premium Listing services has never failed me. But, here's the caveat based on my experience. Your listing will get preferential treatment for the first five to seven days. If you aren't hyper-responsive, there's no point in paying for the upgraded service. Within the first five days of listing, I expect to field calls and messages from over a hundred prospectives and be willing to do 30-50 showings during that period. By day six, I am lucky to get one to three phone calls or messages from prospectives and maybe one to two showings per day. Zillow Premium is worth it if you are willing to do the work during that first week.

@Grant Stuard

I've got 24 SFR and it took me 8 years. It was slow the first 5 or 6 years since I could only afford to buy 2 houses a year. But I found ways by getting creative with finances like doing five 401k loans to acquire houses. I've used 0% for a year credit cards to buy houses several times (just did one last month-lol). I used a HELOC to snag 2 houses (my first 2 rentals). And I've bought 12 houses with zero out of pocket $ by doing cash out refis on houses that had some equity I wanted to tap into. I've paid myself back every penny I've ever put into real estate so it's infinite cash flow from here on out. But I've found ways to get the cash for down payments then have harvested equity to scale up.

Well usually pre-screening application help weed out the limited interest prospects or you can have a set of questionnaires before you setup a tour with them. After the tour, if they're still interested, and they match the your criteria/standards, you can send them a credit/background check which typically cost $35-50 fee being non refundable. The fee will allow them to be more committed and more skin in the game.

@Carlos Valencia @Albert Bui