Hey! Newbie... What are you looking for in your first deal?

Hey! Newbie... What are you looking for in your first deal?

Owens Valley, CA · Member since 2018 · 19 posts · 0 votes

My current mode is to buy distressed, repair to conventional funding standards, and unload quickly at a discount so that the buyer will have immediate equity and possibly continue improving the house to maximize returns or place a tenant for cash flow.

But perhaps I'm missing the mark.

If you are a first time buyer looking for your first home to invest in, what is important to you?  I look forward to your enlightening responses!

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  • Investor · Tacoma, WA · Member since 2015 · 84 posts · 42 votes
    8y

    So you're a turnkey operation. Go look at their websites and see what they do. I'm guessing its more about marketing and the #s than anything specific you do to the house. 

  • Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    8y
    Originally posted by @Robert Huizar:

    My current mode is to buy distressed, repair to conventional funding standards, and unload quickly at a discount so that the buyer will have immediate equity and possibly continue improving the house to maximize returns or place a tenant for cash flow.

    But perhaps I'm missing the mark.

    If you are a first time buyer looking for your first home to invest in, what is important to you?  I look forward to your enlightening responses!

     Hello and welcome! Best of luck to you!

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