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5 August 2024 | 16 replies
I normally look to buy units at a 20-30% discount compared to the area and develop a business plan to create equity via forced apprecation, primarily on commercial properties (5+ unit multifamily).
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5 August 2024 | 5 replies
The goal is to take down 5-20 million dollar deals; the next few years will be properties that will come to market at very prominent discount.
6 August 2024 | 16 replies
I used my own money for these because, with these deep discounts, the seller wants to close quickly.Can anyone suggest how to find someone to be ready to finance similar properties?
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5 August 2024 | 16 replies
It is not really true because to get the same rate it will cost much more in upfront costs in either origination or discount fees, AND much higher back end fees in pre-payment penalties.
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6 August 2024 | 9 replies
Now, not so much unless you are buying at deep discount and are getting materials and labor much cheaper than normal.
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5 August 2024 | 21 replies
North Texas is an optimal market for long-term growth, so unless you get a serious discount, I would go for a single-home over a duplex.
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6 August 2024 | 54 replies
This is common practice of discount airlines.
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5 August 2024 | 7 replies
Hello Matthew, Feel free to read my reply to @Dan H. the rehab cost was set at 40k due to the significant discounted price of materials.
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6 August 2024 | 38 replies
The literally single biggest mistake that people make is to buy a class D property, because it was cheap to begin with, 90+ days on market and they were able to negotiate a "discount" - ask them a year later how that worked out for them.
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5 August 2024 | 6 replies
Meaning, they are not willing to:- sell their property off market- go into contract with a wholesaler- sell their property for a discount (i.e. they want 'top dollar')In cases like these, an agent can still assist the homeowner by helping them sell the traditional way.That said, wholesaling can be lucrative so I echo the advice you've received here - get out there and speak to people in the industry who are willing to share helpful information.All the best!