
26 June 2018 | 17 replies
That has become our main strategy that we use and like @Jason Dillard shared, it is more lucrative and less hassle to manage.The way we use this model is we buy properties under market value that are below the median home price for our area and then we fix them up where our all in is 75% of the ARV and then we put them on the market for 5-7% above current market value on a 4-year option.The key to using this model is the contracts that are used.

25 June 2018 | 2 replies
I had initially tried to venture into OOS investing last year by using the TurnKey Model, but quickly realized that the model is not for me.

25 June 2018 | 4 replies
My goal is to pursue the BRRRR model as I want to generate sufficient income from multi-unit homes to allow me to expand my investing business into a full-time affair replacing my current 9 to 5.

26 June 2018 | 18 replies
Market seems to be saying your units are economically productive and on par with comparable units as is (based on tenants grabbing them).And, as you know now, that new smell and model home appearance of the totally remodeled and rehabbed unit will fade fast when the tenants treat it like, well, a rental...So you may just end up remodeling again if you sell or get a rough tenant..I tend to do more work on units prior to a sell and let the horses run with a rental with tenants in place that are relatively happy.

25 June 2018 | 5 replies
A self-directed IRA is still an IRA in all ways, just with a different business model and more investment choices.

29 June 2018 | 18 replies
Current Zillow estimate is 78k and they still have 4 years left on the option (this one was our first one so we didn’t build in enough appreciation and we will only make around 12k each on it but it got us off to the races). https://www.zillow.com/homedetails/121-W-Harding-Ave-COOLIDGE-AZ-85128/8685741_zpid/So you can see that our model is pretty simple and is attractive to people who want to own a home but are not able to get a mortgage on one right now but they can lock in a price today, plant their roots, and work towards getting their credit repaired.

30 June 2018 | 28 replies
We are not having those issues though on new construction even though make new highs.. for instance in Portlandia I am selling the exact same house on the exact size lot 1 mile as the crow flys from last years community I built .. and the house is selling for 75 to 100k more exact same house 12 months later and I sold 23 of them in 4 months.. not one appraisal issue.. although we have had a few cash sales and most are conventional but a few FHA and one VA.so last year I sold this model for 350 to 370k this year 439 to 459k..

27 December 2018 | 18 replies
I can just look up recent cash transactions closed and track down the active investors in the area.I do see this model happening a lot here in Texas ..these brokerages focus only on finding distress properties and double closing them to other investors... but they cherry pick comps, inflate their ARVs and market the property to newbies who have no clue what they are doing .

4 November 2017 | 6 replies
The problem I have seen across the board is that most agents simply don't understand the principles of investing, what investors are looking for or how to walk a property and adequately estimate repair costs.Unfortunately, most of these skills are only acquired through adequate study and conducting your own renovations.Not sure what your business model is or how exactly you are trying to outreach to investors or builders.

2 November 2017 | 4 replies
We did not have a model unit to show,, I showed occupied units with notice and was usually rented up within 2 weeks of notices, we had a popular location and units were a little higher price but in high demand.