15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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14 November 2024 | 21 replies
@Jesus RodriguezWelcome to the community and be ready for a huge amount of information at your finger tips.
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15 November 2024 | 6 replies
South East Texas should have a few experienced crews, so ask around locally or check reviews.One tip: make sure to prepare the new lot properly—things like leveling the ground and checking utility hookups are essential before the move.
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13 November 2024 | 18 replies
If I go with the BRRR strategy would love to hear some tips on how to successfully manage the rehab remotely.
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13 November 2024 | 3 replies
Ali,If you want to learn some of the tips and loopholes on the finance or banking side feel free to reach out or send me an email.
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15 November 2024 | 5 replies
Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.
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14 November 2024 | 8 replies
This could be a very long posts so I'm just gonna give you a few tips.
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14 November 2024 | 21 replies
Here are a few tips that might help as you get started:Market Analysis: Since you're open to out-of-state investing, look for markets with steady population growth, job diversity, and a balance between rent prices and local wages—those factors often hint at stability and demand.
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15 November 2024 | 3 replies
Welcome to the site @Matthew!
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14 November 2024 | 4 replies
@Chloe TaylorWelcome to the community and be ready for a huge amount of information at your finger tips.