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3 June 2024 | 4 replies
I joined to learn more through reading the discussion boards and by offering my services to people in the DFW area.
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5 June 2024 | 27 replies
G'Day Zach,There will always be great deals in any market as long as you look/work hard enough.For example, we buy various lists like evictions, probate and tax delinquent just to name a few.We offer low, negotiate hard, close with cash and close quickly.This enables us to buy 1 out of let's say 100 for 30 cents on the dollar.As the saying goes "The more mud you throw on the wall, eventually some will stick"Lot's of cold calls and chasing but it's my full time gig and that's what I do 🤷♂️I have always believed that "Cash is King" and you don't have it.Wait till you do.Just my 2 cents.As you will see mentioned many times in the forum, Ohio has great cashflow.So does, Michigan and Indiana IMO.You will probably find the most cashflow in these markets and if you look even further within these markets you can snag great deals in tertiary cities of those states.Wishing you much success
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3 June 2024 | 0 replies
Rather than letting it sit on the market, we accepted a lower offer, understanding that sometimes time is more important than waiting for the perfect offer.
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3 June 2024 | 62 replies
Their program seems very good overall as far as the essence of them covering coaching and rehab and all costs, but i was quickly turned off by the sales rep named Scott,i spoke to who was extremely arrogant and impatient kept saying i'm geting dozens of calls each day and dont have the time to handle everyone, and needs to know up front do you have a couple thousand set aside for this business, i said i'm investing about that in the business now what do you offer that would warrant that< and he repeated the same and i said, well like i'm on the call now with you 2 min and 14 seconds care to tell me what all this is about and what the financial requirement is???
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3 June 2024 | 2 replies
Twin Falls CountyAverage Purchase Price: $360,000Average Rental Price (3-bed home): $1,600/monthKey Highlights:Twin Falls city is known for its agricultural base and growing commercial sector.New businesses and developments attracting residents.Affordable housing market with room for growth.Investment TipsResearch Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.For more information about Kootenai county please reach out.
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3 June 2024 | 0 replies
I have multiple offers.
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4 June 2024 | 23 replies
Black Friday usually offers the best deals though other holiday weekends get pretty close.
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3 June 2024 | 7 replies
I frustratingly see so many deal offers, particularly in Multi-Family space, where GP/sponsor is putting nothing or next to nothing into the equity portion and is collecting 2-3% acquisition fee/ 0.5-1% loan origination fee/ 1.5% yearly asset management fee/ 1-2% disposition fee and then 50/50 splits to 60/40 splits over fairly modest hurdle rates of like 14-15%, and it seems this latter structure incentivizes GP to take more risks particularly with debt options.
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5 June 2024 | 116 replies
I have made some offers since Dec 2021, but have not purchased as the rates do not have underwriting that shows my high expectations on return.
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3 June 2024 | 7 replies
Joining BP is a great step, but when you've educated yourself and have met some folks, start talking to lenders and find a good investor agent... and start submitting offers!