Greg P.
How do you maximize your cash buying Rentals and not getting stuck?
18 September 2011 | 6 replies
You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.
Marcello Di Gerlando
How would you leverage a 100k cash and a fully paid off 400K house to build wealth in this economy?
20 September 2011 | 15 replies
Since you have a BA in business administration, I know you have the discipline and drive to get whatever goal you set you mind on done.
Mubasher Riaz
Updated sold properties around my investment area???
19 September 2011 | 4 replies
As we were driving around, she would describe every house and tell us about its history.
Jonathan Sowinski
City of Buffalo Upcoming In Rem Foreclosure Sale
26 October 2011 | 6 replies
Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?
Michael G.
internet marketing campaign
21 September 2011 | 1 reply
ie - Divorce, bankruptcy, etc.I was thinking of launching an internet marketing campaign but I wanted to measure the pulse of the wholesaling community to see if its worth it.The cost of the probate leads is minimal because I get the leads and do the mailings myself.The bandit signs get pricey but pay for them selves 10 times over with one deal.I'm looking for a cost effective way to drive more leads into my pipeline so I can increase my deal flow.
Bienes Raices
Will the banks accept a digital signature on addendum?
25 November 2015 | 12 replies
You either print and mail the docs or you drive to the HUD office and drop them off.So, while signing digitally in color may work, you still need to print and send/delivery...and as long as you're printing, it's easier to just sign.
Gilbert Ryan
Leaving NYC - Looking for a good destination
5 October 2011 | 9 replies
These markets are killing it with jobs and growth, both of which make for a good RE market.
Anthony Henderson
Essential for a successful Property Management Company
24 May 2012 | 13 replies
If out of state, you don't have to worry about the client being able to drive by the properties to check things out.
Jacob Reel
How does my plan of action sound?
8 October 2011 | 17 replies
I'm going to put out signs, craigslist ads, and generally drive around trying to find possible investment opportunities.