I go to the Lake County sheriff sales and track the winning bids.

I am in the Wichita market area, and have built up a great backlog of eligible and approved renters in our metro and suburban circles.I constantly monitor and track data as to where the leads are coming from, what the renters want, price ranges, jobs, salaries and many more demographic markers.I am currently a managing partner in a property management company, who works with property investors, builders and individual owners - but things are changing quickly.We currently have nearly all of our inventory of single, duplex and multifamily units leased, but the demands are growing ever higher.

Hello everyone,So I bought a 2 1/2 acre piece of land with about 140 foot of frontage making it a long and skinny track of land. it has been on LoopNet for a while but I have been debating on what to do with it.

like Bill suggested it is possible with the proper assets and track record but not if your new to the industry

Here are the numbers -Purchase Price:$112,900.00Purchase Closing Costs:$4,000.00Estimated Repairs:$3,000.00Total Project Cost:$119,900.00After Repair Value:$135,000.00Down Payment:$22,580.00Loan Amount:$90,320.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:4.750%Monthly P&I:$471.15Monthly Income:$1,250.00 Monthly Expenses: $978.24Monthly Cashflow: $271.76Pro Forma Cap Rate: 7.44%NOI: $8,915.00Total Cash Needed: $29,580.00Cash on Cash ROI: 11.02Purchase Cap Rate: 7.90%This house needs a few repairs, most notably is the mildew/ mold in the upstairs bathroom, a garage door that is off its tracks, a broken window, a missing mirror, and some carpet that needs to be replaced.

Also, the person who is going to provide flip financing to someone with no track record is someone you already know or at least someone you know that knows so they won't steal it from you.

I try to use it to track down investments but find a lot of spammers and people trying to sell properties thru second and third party connections.

So your track record, net worth, and down payment will all be factors in the approval process.  

You should seek recommendations on a quality firm with expertise in the field and a track record of providing excellent support for the plan beyond just the initial setup.

I would try to make the goals quantifiable.Example: Meet 5 new RE investors this month, automate our expense tracking process, and etc.