Account Closed
One more pillar for long term success
23 June 2010 | 16 replies
Good contacts does help along with a good reputation as I'm that you have found out over the course of your many years of investing.
Mike Bishop
Newbie from Salt Lake City, Utah
9 March 2011 | 4 replies
I'm sure that as you explore the site you will find plenty of value.
Mike Johnson
Holy cow, where do I begin?
13 October 2010 | 18 replies
I'm going to keep exploring building a house to rent and maximizing resources and connections to make it happen.It's going to be a long road but a fun road to travel.
Account Closed
Hi from The Netherlands!
12 March 2012 | 16 replies
Now I am also exploring the possibilities of investing abroad.Meanwhile a couple of collegues and I have been doing extensive research for doing a typerating+linetraining for about €60k.
TAYLOR BRANNEN
Is finding wholesale property the best way to go?
6 August 2018 | 12 replies
I got started in this business by buying from a reputable wholesaler.
John Colburn
Buying a 6 unit apartment building with bad tenants
13 May 2012 | 8 replies
The other two units have not been renovated as the tenants have lived in their units for over four years.A reputable developer purchased the building for a premium in 2008 to convert into condos, but with the fall in the housing market the units were not sold.
Anthony McNair
Looking for attorney
15 May 2012 | 3 replies
Sorry I don't have a name for you but some tips.Contact local title companies, they have an attorney and they will likely be the most experienced in RE matters.The same holds true for the Board of Realtors, their attorney should be well versed in local RE matters.....however, they may feel that with you being an investor they could be in a bind representing you and a possible foe, that will be up to them.I've been told by several attorneys that the last ones to hire are those who advertise alot, which makes sence, they have high overhead and can't work off their reputation.
Dietra Curvey
Really Need Help
23 August 2012 | 13 replies
Unfortunately, I have limited RE experience, only one buy and hold property so far, not done rehabbing... and I have never explored wholesaling.
Kevin Cardinale
Before I Commit Unspeakable Mistakes: All I Know About Lease Options
12 November 2012 | 9 replies
Here are some issues that will get you in trouble, give you a bad reputation, maybe jailed as some "investors" here have been;The SAFE ActTenant/landlord lawConsideration given for a valid contractPreditory lending/financing and transactionsFraud, puffing the dealSo far, while I know you want to make as much as you can, you're headed down the road of scammers, step back, get away from guru strategies and give yourself time to study the basics.
Clifford Volz
New guy near Hemet, California
20 March 2013 | 6 replies
I recommend you explore areas within 30 min drive from your locale and explore if you can make positive csh-flow purchases in your area.Use redfin.com and homeseekers.com to see what is available in the desirable zipcodes.Analysis are simple: rule of the thumb is at GRM (Gross Rent Multiplier) this is a fancy term for a just a quick simplistic evaluation were property price is divided by gross yearly rent.Usually, 6-7 will produce positive cash-flow, 8-9 break-even, 10 or more is negative cash flow.There are other calculations, but this one is quick and dirty.I can tell you that you will find out that property located in not s good areas (mine are in South LA) will be more profitable, but you have to explore your market ..