All Forum Posts by: Brandon Mendoza

Ask a real estate investor friendly real estate agent in your deal's local area and ask if they can provide you with a list of homes from the MLS that sold for cash in the last six months in your deal's area. Research each address in the local tax records to identify the new owners. Reach out to them with a letter asking them if they are interested in a deal you have.

I recommend getting a real estate license. Even my real estate agent friend will not give me access and compromise their access to the MLS. The MLS to real estate agents is like a toolbox for mechanics, if you loose your tools you can't make no money.

Thanks, Chris! I didn't know the technical term. Have you ever done this and was there any issues with the parties?

Hi @Pedro Plencher . Welcome to BP. This site is truly amazing with tons of info. I am actually quite overwhelmed. My home is in Killeen and I currently work in the United Arab Emirates. By the beginning of next year I should be home. My plan is to career change into real estate (real estate agent) and add more rental properties to the portfolio. We should link up in January. Are your tracking the Real Estate Investor meet up in Killeen http://www.meetup.com/Real-Estate-Investors-of-Killeen-Fort-Hood/events/113349312/?gj=wc1c_e&a=wc1c_gnl&rv=wc1c_e ?

Hi Tamara, welcome to BP. Thats great that you and your husband are planning for retirement.

On your section 8 question, contact your local housing authority. They would have specific info you would need to know for the Section 8 program in your area.

@Michael Wentzel I I am in the Killeen, TX market a military town outside of Fort Hood. Not sure what you mean on "What numbers do you look for on ROI?". I look for 12-15% ROI in my market. The numbers I take in consideration for my ROI analysis are After Tax Cash-flow (Annual) / Cost of Improvements + Loan Down Payment.

Thanks, @Mehran K. , for the welcome.

I am curious to know if anyone has ever asked their settlement agent to leave Section J blank on a copy to the seller and Section K blank on a copy to the borrower?

Looks good, Michael. I would just compare that ROI with other similar properties for sale on the market. Who knows you might find something better.