All Forum Posts by: Andrew Santiago

@Alex Ramirez

That’s an awesome story, I wish you the best on your future endeavor. What would you say is the biggest key to finding off market deals? I do a lot of cold calling but it sometimes feels like I’m shooting in the dark.

@Patricia Steiner

Honestly, I was looking around at houses while I was saving up my money to just get familiar with the process and after Seeing my fair share of homes I knew the home I found was in good condition for the price and location. I figured the type of tenants that were already in the property was just the cherry on top for a first time investor.

After reading your advise I just wanted to thank you immensely. You gave me a whole new angle to look at the deal from and I’m very appreciative for it. I will be looking to speak to the realtor and let her know this is my new approach to the deal And if the owner isn’t willing to work with me I will have to walk.

Does he have the right to tell me no If I already signed the contract?

@Blake Dailey

Thank you for the advise, I do have to rely on my numbers your are absolutely right and that’s why I’m trying to weigh out my risks. I have some reserves but not quite 6 months and that’s what has me going back and fourth, deciding if it’s worth the risk. It was an easier decision to make knowing there was a tenant in the home but know with that being out of the picture I’m not sure if it’s a risk I’m willing to take.

I am currently in the closing process of my first investment property. Originally everything was running smooth, the single family row home was in good shape and had long term renters I was looking to take over.The property had minor problems but what made the deal so intriguing was the tenants had been doing all the work on the property themselves and for a first time home owner/ investor it was an ideal situation.

Fast forward to now: Covid 19 has interrupted our every day life as well as the closing, my closing date was pushed back from april 13th to approximately may 22nd and now the tenants have advised the owner they will be vacating the property as of may 2nd. I’ve been loosing sleep trying to decide whether or not this is a good time to try and go for my first investment or maybe this is a sign to hold off and see how everything plays out.

Looking for advice I’m young in the game and I’m just trying to hear as much feedback as possible from different minds.

Thank you in advance