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.

15 November 2024 | 16 replies
And the budget was 15k/bedroom for furnishings.

21 November 2024 | 305 replies
It's a binary decision if it's in their budget.

15 November 2024 | 3 replies
It’s written explicitly for investors to help them understand rehab projects and budgets.

14 November 2024 | 5 replies
It’s definitely possible to do a BRRRR in OKC on a budget under $100K, but as you’ve found, the MLS options in that price range can be limited and often include older homes.

15 November 2024 | 4 replies
Hi Luca,a rate/term bridge with rehab budget would be your best bet. there would be no PPP's since it's a bridge, you'd be able to pay off the existing lien, and you'd get your funds to do some renovations to the property.I should be able to help with this, but I'd need more information on the property and how much in rehab you are looking to do.

18 November 2024 | 12 replies
Did you include a TI budget for the new tenant?

15 November 2024 | 3 replies
If you’re on a tighter budget, corrugated steel is a good compromise, offering a solid roof at a more affordable price, but just be aware that it might require a bit more upkeep down the line.Best of luck with the roofing decision.

15 November 2024 | 17 replies
This can bring you steady income with less frequent turnover and lower maintenance than STRs.Executive Housing/Corporate Rentals: Atlanta’s entertainment and business sectors drive high demand for corporate housing.

13 November 2024 | 0 replies
The modest purchase price, combined with an ideal renovation budget, presented a prime opportunity to improve the home’s market appeal.