All Forum Posts by: Aaron Powell

@Jeanette Haigler You're gonna need some money maybe not a lot, but some. Some of the cheapest ways to get started is to start a craigslist campaign. Marketing directly to sellers, make your ad unique, and put a good phone number to call you at. I suggest a Google voice number so i doesn't clog up your main number, because the calls will come! Also, a bandit sign campaign in you're local area will get the phones ringing.

@Ceasar Blackman Ive only dealt with Distressed properties. I guess I'm asking what would be a fair asking price?

@James Wise If I had the up front cash I would jump on it lol. I could use the extra income!

Here's the low down! 3/1 Single family rental property in the area. Already rented, netting 850/month or a little over 500/month after taxes,insurance, repair allowance, and property manager fee. Owner's paid 35k for the property and has already put money into it, carpers, cabinets, HVAC..ect. No repairs needed at this point.

They want to get out of the property, no longer interested in real estate at this point. So the plan is to eat the repairs they put into it, and sell it for the original purchase price. So I'm looking at a ARV of 50k and they want 35k.

How do i structure this to make anything? The price they want is what investors will pay (50k*.70)=35k.