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25 January 2017 | 7 replies
You will offer a contract of sale where there would be no commission or settlement cost and that your offer is NET to seller.Once you have control you can now work on locating an assignee - you have options -List it - not a great option - if you want a fast sale -listing it will take too long - too many contingencies - too many gate keepers.Offer it privately for sale - all cash - as is - social media - too many moving parts - you need to negotiate with prospective buyers, show the property - write a contract of sale - and demand CASH - won't be easy - My favorite option (remember I am an auctioneer) - offer the property - while in contract - at PUBLIC AUCTION - advertise it for 3 weeks and let the auctioneer do his magic - it is fast - predictable - all cash and as is without contingencies.
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20 January 2017 | 3 replies
They handle all the late night issues, deal with handymen, inspections, walkthroughs before and after tenants move in and out, and they deal with advertising for new tenants, screening them, and working with you through the decision process.
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21 January 2017 | 7 replies
Agree on your getting good cooperation from them for showings, have them give you sixty days notice, and advertise.
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21 January 2017 | 0 replies
To stand out, you have to go the extra mile and do more than just send thousands of emails and direct mail pieces to all prospective sellers.Direct mail advertisingDirect mail advertising is one of the most effective forms of advertising.
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27 January 2017 | 7 replies
Would a yellow letter campaign be appropriate for trying to find a deal to these prospective type of sellers?
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21 January 2017 | 0 replies
hey guys, i want to pick your brain about dealing with different issues that our seller faceI'm trying to build my plan , before I'm starting my Direct mailing campaign and would love to educate myself more before meeting with sellers, those are my questions :1) What would be the perfect Seller to buy your property from?
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24 January 2017 | 6 replies
When i first started out i was not getting enough calls from my direct mail campaign so i started cold calling my direct mail list.
22 January 2017 | 3 replies
My goal is to buy and hold, cash flow with a $1,000 a month and aim to refinance to pull initial investment back, pay off lenders and use equity to rinse and repeat.Heres what I got;Property: Triplex in Lauderhill, FL - Advertised by wholesaler3 bedroom 2 bath - 1200 sq feet each unit advertised with rent comps at $1,500- $1,650 (realistically should be $1,000-$1,200)Listed at $249,900 with direct comps sold up to $300k - $315k in 2015.Estimated taxes $6,000 a yearEstimated insurance $2,000 a yearEstimated maintenance $2,000 a year100% Vacant now with 2 potential squatters according to wholesalerProperty is in good shape minimal rehab area is about a c+ near turnpike will be seeing property in person tomorrowLending: HML - offered from mort broker - estimated payment - $2,000- $2,100/monthly (P&I + insurance+taxes) for $250k loan2 points upfrontno prepayment penalty 7% interest80% LTV20% downAppraisal $500Bank - From Guaranteed Rate - Estimated payment $2,200/monthly for pre-approved loan at $300k5% APR30 year FHA (option for 203k loan) 3.5% down (first time homebuyer) informed can cash out refi for up to 80% of equity after 50 days from HML closeAlright so my intent is to buy it cash with HML, aim to have tenants within 3 months, and cash out refi by the end of those 3 months.
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31 March 2019 | 33 replies
Do you have a move in checklist and pictures that you advertised your rental with?
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22 January 2017 | 0 replies
hey guys, i want to pick your brain about dealing with different issues that our seller faceI'm trying to build my plan before I'm starting my Direct mailing campaign those are my questions :1) What would be the perfect Seller to buy your property from?