All Forum Posts by: M. Anthony Contrascere

Hello @Benjamin Wood! When I was first starting my research into which path I should take in real estate, I researched heavily into wholesaling. I decided that for my personal preference it would make more sense to buy and hold (I live in a location with steady appreciation). But I can definitely give you some tips that I have learned regarding wholesaling!

-Try to find homes that are not listed online or on the MLS (including Zillow, Redfin, etc). If it is public knowledge, its probably too late and you missed out on a good deal.

-Also, try going on craigslist, plug in your perimeters for the property you're looking to buy, and reach out to the people that have rental units posted. Oftentimes, even though they have it posted for rent, they want to get rid of the house completely. Could be a good way to get your name out there in peoples minds.

-Search on BP or online if there are any wholesaling/real estate meetups in your area. Ive learned that sitting down with a group and brainstorming is a GREAT way to answer questions and figure out a game plan. 

Hope this helped alittle!

Just sampled apartments.com and it is what I was looking for. This will come in handy until I finally understand the average rates in each location in my hometown. Thank you @Ryan Webster

Sounds like a safe property you have there! What location did you buy in? Are you banking on appreciation as well?

Thank you @Tyler Gibson! I was wondering if there are any quicker ways than reaching out to my realtor (I am not an agent so I dont have quick access). If I find a home in a city that I am not familiar with, is there a quick way to estimate rental prices in that area (other than Zillow as you mentioned, grain of salt with that one haha). Thank you

Hello everyone,

I would like to have everyone's opinions on the best tools they use for finding rental comps in certain areas. I know of Rentometer, and I also use Craigslist and search the specific location with the correlating number of beds/baths. 

Is there any other tools I could be using that may be more efficient? I appreciate the input in advance, thank you!

Perfect, this is what I was looking for. Is there specific topics for each meeting, or just a round-table open discussion?

So far everyones feedback is super valuable, thank you! 

@Jaysen Medhurst I have seen this property as well, but margins are very narrow for any mistakes...leading me to be cautious of it, especially for a first rental. I appreciate you sending me that link though.

@Jose L Martinez who did you first connect with once you found a market you wanted to target? (i.e. property managers, local RE investors, real estate agents). Also, how did you find property managers that you can trust? 

My instincts tell me the local CO Springs market is better for multiple reasons, but Im very interested in why out of state may be more advantageous.

Being new to long term rentals, I am finding that the Colorado Springs market is fantastic for long term buy and holds (increase in the tenant population, military population, etc). I would prefer to purchase undervalued SFH and small multifamilies, make renovations such as adding a bedroom/new paint job/updating the kitchen, then refinance to use that equity for purchasing another property. It seems the market here in CO Springs is so competitive that it is hard to find a good deal.

Would it be wise for me to look out of state? I feel like it would not be, especially because I am not experienced yet. 

I would love to know peoples opinions and experiences, in order to keeping moving forward in my goals.Thank you all in advance!