Therefore, identify a tenant segment with a high concentration of reliable people through property manager interviews.

There may be some exception if you previously identified that tree as dangerous/sick/etc and brought it to the owners attention.

An official background check and personal referrals can help you identify red flags unrelated to finances, such as poor tenant behavior or previous criminal activity.

Make sure you clearly identify the common areas (accessible to everyone living in the unit) and the private areas (like individual bedrooms).

Since most real estate purchase agreements do not assign value to each category, taxpayers must understand what options are available to determine the appropriate allocation to land and building.Taxpayers are required to separately identify the value of non-depreciable items (i.e., land) from the depreciable building and site improvements.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes

Reaching out to local housing authorities, community development offices, and financial institutions can help you identify which programs best fit your needs.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes 23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from thelight rail station, in planning stages with the city of Mountlake Terrace, WA

Looking back, I can identify several key financial lessons that would have made a significant difference in my investment strategy.One of the pivotal moments for me was when I bought my first HUD foreclosure using my VA loan in 2011.

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!