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13 September 2024 | 2 replies
Target sellers, especially multifamily and distressed property owners.
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13 September 2024 | 7 replies
It took about 6 months of which I did the majority of the work but I was able to turn it into a 3bed 2bath house and sold it for $140,000.00 and a nice $50,000.00 profit.Now I was hooked on distressed properties but had decided I didn't much like the selling aspect of it.
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12 September 2024 | 5 replies
This option comes down to the investor's risk tolerance since you will likely leverage your primary home at a variable rate.3) The BRRRR method since most hard money lenders will allow you to acquire distress payments with as little as 10% down and grant you access to rehab funding via a bridge loan.
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11 September 2024 | 4 replies
I'm trying to perfect the language to attract both traditional and distressed sellers.
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10 September 2024 | 0 replies
Although I had a background in sales, speaking with distressed sellers was a completely different experience—one that requires a lot of patience and empathy.
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9 September 2024 | 4 replies
I’ve also found hard money lenders a great resource for lists of distressed owners of units.
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10 September 2024 | 18 replies
@Jack, we are looking for distressed property owners.
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7 September 2024 | 9 replies
Chasing the distressed landlord overseas!
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13 September 2024 | 50 replies
Both Ohio and California are going to get their piece.If you’re considering hard money loans for buying distressed properties, some lenders, not all, will only work with LLC’s that are based in the same state as them.
6 September 2024 | 8 replies
(Always remember that)I’d recommend diving into some BP forums, work with other agents (some of them, like my team have GREAT Off Market Opportunities) for distressed properties — there are also plenty of investors here who can offer insights and tips on improving offer terms, timing, and strategies.Remember that building a strong network of agents and wholesalers in your target market could be a GAME-CHANGER, helping you get ahead of deals before they even hit the market.Keep us updated on your journey!!