I’m starting a FB Ad Campaign to help distressed homeowners in preforeclosure and could use some unofficial advice on the law.For context, I’ll be providing actual support (showing them how to request payment plans, forbearance, etc) and making an offer to them ONLY if we’ve exhausted all options and they’re:1.

It's inspiring to see how you’ve balanced a career in medicine with building such an impressive real estate portfolio. i am new to biggerpockets as well, and am a realtor for distressed off market real estate here in Fort Worth.

It has many distressed homes, and I believe this area holds great potential due to its location just outside the city.

Lastly, for anyone using a CRM, are you able to keep your property data up to date automatically when the home’s status changes (like if it sells or is no longer distressed)?

The more investors you have in your pipeline, the easier it will be to close deals fast.For finding properties, you have a few options: driving for dollars (looking for distressed properties in person), sending direct mail campaigns to property owners, or joining an experienced wholesaler to learn the ropes before going out on your own.

Second, running a management company would enable you to deduct a wider range of business expenses, such as office supplies, travel, and marketing expenses related to managing your properties.Another big advantage is that, as a property management company owner, you’ll have first contact with a lot of distressed owners who might be open to selling their properties.

Also, if you are buying a distressed property many times they cannot be inspected fully because utilities may not be turned on and you are fixing so many things already there isn't much risk in whatever they might find anyways. 5.

.- I can invest across different types of deals unusual or difficult for a smaller investor (multi-family, opportunistic/distressed offices, hotels, etc.).- I don't need to put up as much upfront equity as I would need to for doing it myself and I can use that capital across multiple deals.- Pricing 'should' be better from the perspective of fees, contractors, rates, etc. that the sponsor gets vs. me as a solo investor.- I don't care if the investment is less liquid vs. an ETF or REIT and I would aim to hold it for 5+ years at the bare minimum.Some other questions I had and would appreciate any advice:- Is an average minimum of 12-15% irr reasonable for syndicated deals ($10mm - $100mm) with an experienced sponsor?

Contraction: Emphasize cash-flowing properties, distressed sales, and securing deals below market value.

Hey Andrew👋🏽, it sounds like you're leaning into Option 3 - buy another house hack, and based on your situation, that seems to be the best option for you until you can build up enough equity to buy a deal cash - also consider that if a property is distressed, you can also do a hard money loan and they will give you the money to rehab the property, too.