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15 October 2024 | 8 replies
WORK WITH A PROFESSIONALWholesalers are people who contract with sellers of distressed properties and find buyers for quick cash.
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15 October 2024 | 2 replies
You look for distress, and you get the owner to sell to you.
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15 October 2024 | 1 reply
And the market conditions are unwelcoming (physically distressed inventory, difficulties with Ogden City, and poor tenant pool).
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15 October 2024 | 3 replies
If you use any of the major mailhouse services, like Yellow Letter HQ (a service I can personally vouch for), they offer a variety of templates and even provide text suggestions.A smart way to analyze this strategy is by observing people in your local market who use mailers and identifying what works or doesn’t work for them.The simplest and most effective way to test this approach is to pull a hyper-targeted list of distressed homeowners and run a small-budget mailer campaign.Hope this helps!
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16 October 2024 | 10 replies
I feel you would be better served by driving for dollars and putting together a small but targeted list of distressed properties that you can skip trace, call or mail the homeowner.
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14 October 2024 | 31 replies
The reason people seek for distress properties, so that they can acquire the property at a low price and renovate the house aka "value add" so that they can increase the property's value and create sweat equity, then pulling the money out or cash out we call out so that investors can liquidate their money and reinvest on the next project @Albert Bui @Carlos Valencia
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9 October 2024 | 3 replies
I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .
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10 October 2024 | 2 replies
Buy 🏡The first step is to find an undervalued or distressed property, ideally one that needs some work but has potential.
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11 October 2024 | 14 replies
Psychologically, we're more in distress with losses than we are in euphoria with gains.
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10 October 2024 | 10 replies
For flips, look for distressed properties in areas with strong buyer interest.