All Forum Posts by: Brad Moore

In my market it's really hard to get 1%. By cold calling for off market deals I have gotten lucky and landed a couple deals around 1.3%. Very rare to pull off. In Mentor, Painesville and Lake County can you find 1.3% on zillow or do you need to be cold calling based on indicators someone may want to sell?

@Melinda McDonald My area I’ve typically invested in is becoming impossible to hit the 1% mark. I’m interested in new markets. KC sounds appealing. Do you have some contacts for me in KC?

@Michael Swan How’s the cash flow there? Easy to hit the 1% rule?

@Jack Orthman The issue is these brokers or realtors have other investors ahead of you in line. You’ll get their leftovers or whatever is just sitting on the market. The really good deals they’ll just buy for themselves.

@Cruz Gartner Where in the world is everyone buying to get these kind of rental returns.. I’ve got 4 houses and the highest cash flowing one is a few hundred a month. Purchase price $100k. Rent price $1400 and that’s about as good as it gets in my area. I’m not going to have any kind of living income off these until they’re paid off.

Anyone know how or if you can convert an apartment building into individual condo units? Or what the process is?

Alright everyone. What’s your best strategy for finding and landing off market deals?

Here’s mine. While riding around town running errands I keep my eyes peeled for unmaintained houses or vacant houses. Note the address and then look them up on whitepages and make contact.

What’s your strategy?

@Odie Ayaga This guy is spot on. Hit on every lesson I learned on my first flip.. No guarantee you sell within 12 months. Paying cash for the house limits your from grabbing other deals. It will definitely cost more than you think on your first house. It also won’t sell for what you think on your first one.. Don’t get stretched thin!

@Jaron Walling Cash flow should be $400-$450 a month at $1800 per month assuming a 30 year loan at around $180k. I’m fine leaving some money in it. Not looking to leave $80k in it or anything.

@Derrick Burtle Forgot to answer rent question. Should rent for anywhere from $1750 to $2000. My gut tells me $1800 is fair though.