15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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15 November 2024 | 3 replies
Welcome to the site @Matthew!
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14 November 2024 | 2 replies
That is the best site, super cost effective, for finding the best MTR guests.
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22 November 2024 | 92 replies
Acquires a new one via capital injection annually, and with the pyramiding, after 20yrs of this will be siting on a nice holdings that is planned to fund kids university tuitions via rents at that time, which around yr17 we will start deploying into assets with more of that cash-flow focus.
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19 November 2024 | 24 replies
I had to hire someone to deliver those to the site.
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13 November 2024 | 12 replies
None of the sites, including AirDNA which I like and use, are to be trusted at face value.
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15 November 2024 | 23 replies
The Long-Distance Real Estate Investing book is a great one to get the lay of the land on doing it from afar, but getting on-site experience will also be important in your journey.
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13 November 2024 | 8 replies
The homebuilder could have figured it out how to maintain overall grading/drainage of the site, but it was more so needed to satisfy the City.
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14 November 2024 | 40 replies
Do your research on people off of the site - on LinkedIn, Instagram.