All Forum Posts by: Matt Crusinberry

@Account Closed, Contact the sellers or their representative either through mail, text, call, in person, or your real estate agent. Use whatever method you have at your disposal, and feel free to go a little further in your question, as it's a little confusing as to what you're really asking. Do you have an example?

@Ayannah Nyzhari' Chapman, If a seller is asking you "Are you still in the market," I would think they are assuming that you already do deals in some fashion. Along with passively asking if you would be interested in a deal they have. These are just my presumptions as I don't know what was previously discussed prior to them asking their question. I would recommend you travel down their line of thought and see what they have to offer, if anything. Good luck!

@Nick Seginowich, I would say both of them are just rules of thumb, and that neither of them should be utilized in comparison to actual numbers. They are to be utilized as a quick way to make an assessment for further evaluation of a property. I wouldn't make either my threshold as far as going forward or denying a potential prospect when investing. I recommend that you run your numbers as accurate as possible, and decide whether it falls within your acceptable limits. Once you have done this for awhile, maybe a pattern emerges that you can use for your investing criteria for a quick reference. I hope this helps, and I wish you the best of luck. Feel free to PM me if you have other questions, I would be glad to help. 

@Kyleigh Morgan, I would recommend that you present yourself in a professional manner. You want to potentially build a lasting relationship, and you don't know if this is someone that you might use for future deals. In regards to questions, I have a word doc that I created for this exact purpose, and I have used it to find my banking personnel. Feel free to hit me up on email or PM and I would be glad to send it to you. I wish you the best of luck!

@Joshua Dombal, While I am not familiar with the Austin market, I am familiar with figuring out vacancy. This is something that can be easily acquired via "Google," or asking around/contacting the local property managers and realtors in the area. They're going to have the best sense of the market norms. I also agree with what you have done so far, which is asking BP. I do believe there is an Austin TX forum that you also may want to try this question. I wish you the best of luck!

@Asmaa Ahmed, I sent you a private message on BP trying to help. Good luck!

@Hasan Miller, I can't speak to sites or apps when locating vacant properties, at least none that I can think of off hand. However, you do have other alternatives that require a little more leg work. I recommend talking with your mailman, they'll typically know where the vacant properties are located. Contact the local water company and ask for address's where water has been turned off for the last couple of months. And finally you can do the old fashion way via driving for dollars. There are other ways, but these 3 are the first ones that come to mind. Good luck!

@Brent Robinson, Rgr... I apologize for the misunderstanding. As another alternative, you could just do a traditional construction loan (bank or builder) or come out of pocket and then put it into a VA home loan on a multi-unit property. As you seem to know, construction loans are short term loans and most banks don't want to deal with it in regards to the "no money down" (hence your question). I wish you the best of luck!

@Brent Robinson, A single family home consist of a single, duplex, triplex, and quadplex, and the VA loan will cover down on these type of properties if you occupy one of them. I hope this helps, and good luck!

@Andy Wu, Sounds like you have the right idea in mind. I would hold what you have, and continue down the route you described. As an alternative option, and location dependent, you could put it on as a vacation rental. Family's and friends typically like the separation you would be able to offer. Good luck!