two by marriage, moved out of houses owned by each one of us individually and moved into a third primary. 4th and 5th property using a TK in Texas. All buy and holds.
Yooch
I am interested in TK in Texas. Can I get more information? Like good TK companies etc...Thanks
I don't have direct access to the MLS...but I do find it interesting that, of the 50 odd deals I analyzed on Realtor.com and Zillow today, the only ones that had ROIs above 10% were already pending. Not that I'm a conspiracy theorist, but it would seem some folks have access to critical info before the rest of us.
My most recent is a 276 unit apartment complex, came from a broker relationship.
The next one behind that was a SFR from online auction.
The three previous are all SFR from auctions on the courthouse steps.
Those three channels are where most of my deal flow comes from with wholesalers and MLS rounding out a minority. For some reason I just don't get much traction with direct marketing or Craigslist. :( I've tried both but just don't seem to be as good at it as I am with auctions.
All of these were bought in the last 30 days and will be rehabbed and flipped except the apartment complex. That one will be rehabbed and held.
My first property off the MLS. The second property was a pocket listing from an agent. Third property, the owner literally came to me and asked me to buy his building.
I am real new to the game but I have 2 places. One im living in for now from craigslist was a rent to own at 1,000 down 500 a month my second place was from an investor that bought the place in front of me needed a little work and he wanted out of it quick. Since the place was right in front of me he came to me and offered it for 9,700 all i could do is rent to own for 200 a month and he went for it. All together I'm paying $49,000 for both places and together they have a market value of $135,000. I think i have done ok so far. My next one that i will work on will be at the court house auction tax deed sales
In my experience, deals tend to chase money. So I started positioning myself as the money several years ago. Even if I'm raising capital, I control the money. Over time, I developed a reputation for getting projects done.
So today, people send me deals, daily. Only a subset are good enough to meet our criteria, and even then we can only do so many projects at a time.
We've developed teams of experts on the ground in different geographies. They're responsible for the execution of the projects. These people too have become an amazing source of opportunities. So the short answer....
Think of your last 5 real estate deals... then let us know: How did you find them?
Go!
(I'll start: The past 5, all buy and holds, have all been MLS)
Really? It often seems there isn't that much opportunity for arbitrage going the MLS route as most of the MLS listed properties often sell at or above market value.
first 2 i got from the city thru repossession from unpaid property tax. next one, county property tax auction, i was the 2nd highest bidder and the first dropped out. 3rd, another tax sale deal. 4th and 5th, bank dropped the lien on both properties and i tracked down the owners to both properties and bought them for pennies on the dollar. right now, working on 2 " driveby's"