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21 November 2024 | 14 replies
Be aware that in many areas this process is neither cheap nor quick.
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16 November 2024 | 6 replies
Could I 1031 exchange on the sale of the quick resale of the foreclosure to buy other investments or would I be excluded from the 1031 exchange as a "dealer"?
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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20 November 2024 | 18 replies
Thanks @Darren Sager for the quick reply, maybe I miscommunicated to the rep at the zoning dept.
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15 November 2024 | 5 replies
Hey @Marc Shin, do a quick search and you will find a lot of info on this topic.There are ways to get it done.
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13 November 2024 | 8 replies
These were custom homes & when the subdivision grading was done we did not know the size of the homes nor their driveway locations.
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19 November 2024 | 9 replies
I just wanted to give a quick thank you to all that have responded.
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20 November 2024 | 19 replies
A prudent investor doesn't seek quick riches through shortcuts.
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17 November 2024 | 9 replies
This helps them close quickly on properties and fund projects.
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17 November 2024 | 13 replies
Quote from @Alex Thomsen: Quote from @Jason Wray: Alex,There is never a need to put that much money in earnest its usually because the seller or the builder is in a bind and need to quickly settle their debts or pay their vendors.