All Forum Posts by: George Maka

@Robert Peacock Taking in your expenses, accounting for vacancy, and depending on how you are financing this, are you cash flowing on this deal? If you are, then it's a good purchase.

George Maka

@Patrick Britton If you are talking about Bigger Pockets, I would say to go to the Marketplace forum and post it there. If you are looking locally, then I would say Craigslist and attending your local REIAs to let them know about it.

Thanks,

George

@Andy Hailey Welcome to the community! There's so much information on BP alone that you should be able to find all the answers to any questions you have. I also like to suggest people listen to podcast to help accelerate that learning curve. A couple that I like other than the Bigger Pockets, is Epic Pro Real Estate, House Flipping HQ and Just Start Real Estate. Please feel free to reach out with any questions.

George

@Crystal McDermott What kind of contract would you be looking for? Wouldn't the bird dog just give you leads and if you close on the property, then you would pay them a commission-of-sort? 

George

@Wesley W. What are you looking for and what are your resources? If you can cash flow on the property, are you willing to buy it and also have the means to rehab to make it rent ready? Are you looking for cash or cash-flow? If cash, I would say to put it under contract and then wholesale it. If cash-flow, buy and hold it. 

How much equity are we talking about here? Is there enough for seller-financing? If so, have them carry the note and agree to terms that will be favorable to both of you.

Thanks,

George Makakaufaki

@Raj Vajir It makes sense if the numbers work for you. If you can use your equity to purchase a rental and the rental makes enough to pay your equity payments, expenses and cash flow whatever you are looking for, then I think it would make sense. 

Thanks,

George Makakaufaki

@DJ Cummins 

When you use the "@" sign to tag people, type the "@" and then start typing in the person's name. Below the reply box will pop the person's name and you click it to tag them. Their name will be highlighed in light blue if they are tagged correctly. 

Thanks,

George Maka

@Ricky Snow If your plan is to wholesale it, then your next step would be to get the property under contract. Talk to the seller, negotiate a price that accounts for rehab and margin for your buyer as well as your wholesale fee. If you 2 agree to a price, then sign it up.

George Maka

A few ideas are, whitepages, skip tracer, look at the taxes or just talk to the neighbors and see what they know.

George Maka

@Benjamin Arp It depends. You can do a price reduction, but still be over-priced compared to the comps and still not sell. However, I do agree though, if all else is equal to the comps, and you do a price reduction below those comps, then it would probably sell quicker. 

George Maka