All Forum Posts by: Leroy Williams

I'm curious. What is the most used method of determining ARV as accurate as possible? MUST you get an appraiser to determine this or are comps and other data used?

Don,
After reading the article, it seems like the only way I would be able to make any type of money is if I found a sub-lesse to pay a rent more than I would be paying a lease. So I would have to find a willing owner to do the lease option and a willing renter to rent for what I needed.

Dick,

Thanks. I have only been here a year, but I would think so also. I have not researched or gotten an analysis on the renters market. Me being a newbie, is there anyway to find this information out?

Tim,
Did you get any sellers to reply or have you not mailed the postcards off yet? Also, how did you develope your list of buyers? I'm sure this is pertinant if you plan to enter a contract and have a successful wholesale transition. What is your exit strategy if the deal falls through? Also, how do you know if the property is worth wholesaling, if you haven't seen it?

My name is Leroy Williams. I am a Warrant Officer in the US Army currently stationed in Ft Bragg NC. My goals are not to get rich, at least not today. I want to create a little extra cash flow to supplement my military salary. I use to be interested in FLIPS, but due to the market I am more interested in buy and hold. I am not closed to other REI options such as tax liens or other REI strategies. In fact that is what I am reaching for from any individuals that have dabbled in a few types of REI vehicles. From your experience, what is the most efficient, less intricate, and productive way to create positive cash flow in this business. I know this will be a learning curve and mistakes will be made. I feel buy utilizing this forum, costly mistakes can be mitigated. So someone anyone with experience please guide me and list any critical mistakes you learned to avoid. I do not have a REI club or association in my immediate area, so I will use this forum and read literature to gain some knowledge. I have been reading this site for the last couple of days and found there are several ways people are making money in real estate. I am looking to start with the best and most recommended way to get into the game with about $7000 liquid cash. As I build up my cash flow, I will venture into other arenas.

Thanks.