Hicksville, NY · Member since 2015 · 16 posts · 4 votes
It seems there are a plethora of niches in real estate - ugh!
So my question is what are some low entry real estate niches with short cycle times to ROI.
Very loose example: Is there a vehicle out there where you can put in $2k - $15k and get back 20 - 30% (or more) return every 4 - 8 weeks, wash rinse repeat? Or something like that?
Very curious and interested. So I figured why not ask. Thanks.
It seems there are a plethora of niches in real estate - ugh!
So my question is what are some low entry real estate niches with short cycle times to ROI.
Very loose example: Is there a vehicle out there where you can put in $2k - $15k and get back 20 - 30% (or more) return every 4 - 8 weeks, wash rinse repeat? Or something like that?
Very curious and interested. So I figured why not ask. Thanks.
Kevin
I know it's cold right now on the east coast, but I know we have done very well dealing "face to face" with clients in defult. The one thing that it does for you is puts you in front of people that need to sell.
There is plenty of available how to information on how to service clients in defult. Use the cold to your benifit, bone up on how to help sellers. You will be one of the few out in the cold. You will find people that are behind on there mortgage and have equity. Become their plan "B", most everyone wants to stay in their home, you just become their move out plan.
This done right can be alot better than just 10 to 30 k the right opportunity could make you 50 k or more. I would recommend you look in to the laws in your area for buying homes from people in default. This most be done lawfully, do the right thing and you will win big.
Most investors marketing in this space make the mistake of pushing NOD/NTS homeowners to hard.
Not to get to far off topic but when you were single you don't just walk up to other singles and say let's get married, you "get to know one another" this is a huge problem I see in this space. Walking up to 8 homeowners in default and asking if they will sell to you is a waist of time. Show you care, some respect it will go a long way
Take you're time with these "little bars of gold hidding in the street" they all need your help, the ones that don't respond to you forget about, the ones that do will softly and gently cry out to you and as the process plays out will ask you to buy there home.