All Forum Posts by: Assaf Furman

@Shiv Jey First you need to find the APN or address of these lots. Sometimes Google maps can be helpful (right click on it and select what's here). Than, you go to the county's tax assessor or to the MLS and plug these address to give you information on them. Doesn't always work but worth a try, I landed a deal on a lot that way.

@Eric Moreno Podio, MS Excel phone app, Onedrive phone app, mortgage calculator app, Venmo

@Mohammad Haidarasl $48 monthly expenses is somewhat on the low side, if you know what I mean...

@Ray Jansma Let's put ARM aside for the moment. If BRRRR is what you're after than you should consider private/hard money loans or even all cash to purchase the property. Having these financing options give you the advantage of closing fast on a property, thereby justifying a lower offer.You need at least 25% discount in order to pull out the initial investment when you cash out refi.

@Eric Armstrong Does the seller insist on $20k in cash? If so that means he's in need for money so you can negotiate him downwards in case you can partner with someone to bring said cash and hold the property as collateral. If you can convince them it's worth $40k as is and even more after some repair than that could be a good deal given good terms of loan. 

If he doesn't need all the money right now and just to unload the property than humor him with a seller financing in the form of a balloon loan where you pay only interest on a monthly basis. 

@Rob Carr If you're looking to do new construction, look at what's not on the market - vacant lots, small old homes on large lots, gather a list of those leads and mail/contact their owners. There's no such a thing as finding deals - you need to create them per your criteria.

@Walter Correia You described exactly what birddoggers are targeting - negligent homeowner/tenant who defer the house maintenance, all might point to a motivation to move on. If I were you I'd try to look for the owner of the place (such as the tax assessor records), contact him and see if he wants to sell.

 I'm investing out of state. You haven't stated what's you're goal here but I can share my experience with you to give you some sense of what it means and the ramifications of it. It's definitely not for everyone. 

@Murray Hall you may want to consider opening with what your track record is, the things you're looking to do and the knowledge you have. Nobody likes to be solicited especially when it comes to lending money, better to develop a solid relationship.

As fa as numbers are concerned, profits go hand in hand with risk. Every investor would want to get their initial investment back at the very least - tell them how you intend to keep their money safe.

@Francisco Lopez Networking with all types of real estate professionals and investors, and basically letting everyone in your surrounding know what you're looking for.