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14 August 2016 | 1 reply
Also having a few anchors in a city help for stability (e.g. capital cities, sports teams, highly reputable colleges / universities).Please add us to your buyers list.
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16 August 2016 | 6 replies
I've seen some properties in Memphis and Kansas City for around $45,000.
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18 August 2016 | 4 replies
Depending Neighborhood, Asset Type Etc.
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14 August 2016 | 3 replies
In or near big cities prices are often quite high.
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14 August 2016 | 4 replies
I don't mean to go against the grain of those who are selling that idea - all I can say is that it did not work for me.So.......... back to taking seminars, buying cassette tapes and books - I wanted to learn everything I could about investing in real estate ---- so--I had to get money, working capital, and I needed to go on the cheap - A friend told me about cheap properties you could buy in Baltimore - houses for only $2-3,000 and many of them could be found at public auctions.After borrowing some money and getting some credit cards and a new job - one in sales - I was ready - ready to invest in cheap- junk properties in the City.And wouldn't you know it - I got lucky at my first auction and purchased a cheap house that was boarded up - Because of all those expensive seminars I enrolled in I WAS READY - prepared with my pry-bar, flash light, level, marble and probe - I decided to go to this building that was being auctioned the next day - I sort of removed some plywood and crawled through a window to take a look -Boy was I surprised - this place looked great - I later found out that the estate boarded it to keep squatters out.The next day - I was ready with my deposit and waiting for the auctioneer to start his melodious hypnotic chant - 5 bidders appeared but did not bid because they could not get it - I was the only bidder and got the house real cheap.Today as an auctioneer, investor and developer of commercial properties - if someone would ask my opinion on how to get started I would suggest ---Continue to study but learn how to cut through the BSGet a credit line Learn 20 creative financing techniques - no money down systems (that is none of your own money)Hang with a few successful investors and pick - pick - pick their brain*** Look at 50 houses in the area you intend to invest (not expensive, blue collar, mixed rental and home owner neighborhoods)When you are finished looking at 50 properties - you will be armed with knowledge that most agents and other investors don't have - knowledge of values -Keep a journal, put listings in it, write down everything the agent or owner says, keep a record of the cost per square foot - this will help determine values -Have agents send you expired listings - go knock on the door or send a letter to ask if they are still accepting offers on the property - Remember an expired listed is a property that failed to sell - the seller should still be motivated to sell.
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14 August 2016 | 0 replies
Could someone who has participated in Jersey City property auctions provide some insight into the process and what it takes to succeed?
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15 August 2016 | 3 replies
You've picked a great place to learn, and an even better city to start in.
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14 August 2016 | 3 replies
I will spend some time on my own.. and do a pre app at the city or county that usually cost 1 to 2k.. then I might go to stage two with prelim drawings etc that cost 10 to 20k.. then I will decide if I want to move forward.Generally speaking you cannot develop bare land without up front cost that you could walk away from I have walked from 100k plus up front and not closed..
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16 August 2016 | 19 replies
Maybe find out the general trend of where the tenants work to see if your able to fill vacancies from other cities, including Spartanburg.
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15 August 2016 | 7 replies
Do you think a personal bias to neighborhood plays a role?