Think Good Deals Are Hard to Find?

I've been part of a mentorship group for the whole time, I built a deal team and I've been looking at purchasing a cash-flowing business utilizing SBA financing.

Lucas, I respect your willingness to step up and take on property management, but I want to strongly caution you (and your friend) about the risks of managing a multifamily property without experience, certifications, or financial investment in the deal.

✅ No risk, no cash out of pocket✅ You work with, cooperate with, the homeowner instead of negotiating against them✅ No tenants and toilets✅ No maintenance or repairs✅ Short-term deals with sizeable assignment fees✅ Those fees can fund long-term strategies like buy-and-hold or fix-and-flipIf you’re an aspiring investor looking for a low-cash entry point into real estate, Cooperative Assignments are an effective strategy.  

Deal Machine is good mainly for D4D. 

. …..now the problem is in the Tulsa area that deal that rents for $2000+ mo and can be purchased “all in” for $150K is much harder to find. 

There are also some hidden gems in Downtown Chandler, Mesa, and Tempe/ASU area where you can find a great deal.

@Chris Lo - If you're asking if this is a "deal" by sharing your numbers above... then I would say that cash flow of $714 per month would be $8,568 for the year or about 2.1% of your downpayment of $400,000.

The answer is simple there are lots of great locations I love the Detroit  Flint are in Mi where am finding great deals with superb numbers.

Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.