Joseph Fenner
How do I find the best deals?
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.
Matthew Melendez
New to real estate investing
15 November 2024 | 3 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..
Madhuri Gupta
My experience with Flipsystem
21 November 2024 | 11 replies
Another way they are making money: Offering to market our properties to their mailing list of turnkey buyers.Another $1k down the drain.
Gary R Uren
Separate address for multiple houses on one lot
16 November 2024 | 2 replies
I was just informed that all the mail goes to the front house.
Braath Waate
Estate planning: Automatic transfer of assets to charity after death?
14 November 2024 | 1 reply
It is also simple to use a beneficiary deed (transfer-on-death) for real property.However, if there is no named executor of my estate (no will/no trust), how would the DAF be notified of my passing and the existence of the beneficiary deeds?
Jean G.
How much to bid on commercial NPNs (past maturity)
17 November 2024 | 5 replies
Once a default has occurred - be it missed monthly payment, note maturity, etc, the note holder or their representative send a letter to the debtor notifying them of the default and providing the statutory timeline for corrective action.
Brandon Clark
Land Development Opinion
21 November 2024 | 14 replies
If you want to e-mail me the site plan the engineer came up with I'd be glad to take a look at it and see if there are any inefficiencies in it.
Scott Trench
Purchasing a small Office Building
22 November 2024 | 13 replies
Many small businesses that are home based need a business mailing address and the use of meeting space and an occasional office.
Austin Gabriel
Lead Sherpa Additional Costs
14 November 2024 | 2 replies
Using a lower-cost skip tracing service and then a call/mail/sms campaign service separately may reduce your costs.
Minnina Smith
Just Starting Out & Have Questions
20 November 2024 | 19 replies
Get pre-approved for financing, then look for deals on Zillow, through direct mail, or networking.