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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15 November 2024 | 5 replies
You can do a quick search to bring up a few options that might fit with your property's location and your budget.
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15 November 2024 | 1 reply
I just have no idea how the contracts work, financing options outside traditional, etc. would love some help.
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17 November 2024 | 13 replies
@Alex ThomsenThe standard NC contract (2-T) has two different deposit options.
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15 November 2024 | 5 replies
Maybe a free option like I have with Stessa now?
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15 November 2024 | 1 reply
Smart cameras like **Ring** or **Arlo** can be a good option, and you can hide the recording box in a locked area for added security.
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19 November 2024 | 21 replies
Just to clarify my previous post, I would like to say that while I've experienced challenges with mngt, RTR/Rent to Retirement has been extremely helpful in navigating this situation so I know what my options are and so I don't feel alone in this process.
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14 November 2024 | 10 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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14 November 2024 | 10 replies
I am not looking to get a real estate license for now, so that has seemed to limit my options as well.
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14 November 2024 | 5 replies
@Nold R.there are really three options for you to do this.