All Forum Posts by: Adam Kroll

Hey Samuel, welcome to BP.  Have you considered driving for dollars?  This is when you drive a neighborhood to look for run down properties.  You can knock on the door to find out if the seller is interested in selling.  If it is rented, you can speak to the tenant and ask them for the landlord's contact and ask them to air their grievances (better than an inspection).  If they do not give the landlord's contact information, you can at least find out the name and address recorded in the county records.  If you need help with any of that, let me know.

Welcome to BP! Did your realtor friend give justification for the adjustments in his ARV determination? Clearly, you've put a lot of thought into this. If you can, I suggest touring ALL properties (even if they're not perfect comps) in the immediate area to see what the market is doing at the moment. This will also help in what types of finishes are being supported in your market. There is no substitute from touring a property even though an "online preview" may seem like it. If there is something very ugly in a house, no realtor is going to put a picture of it in their marketing materials. Also, layout is HUGE for the backside sale. Some house layouts simply can be fixed without scraping. I hope this helps.

Welcome to BP Vivek!  In Colorado, you have grounds to terminate the contract to buy and sell real estate if you don't like shade of the paper the loan is written on.  The exact verbiage in the CREC CBS1-6-15 is:

"...this Contract is conditional upon Buyer determining, in Buyer’s sole subjective discretion, whether the New Loan is satisfactory to Buyer..."

I am not sure what the rules are in San Fransisco for the sale of real estate, but I imagine it is similar.  If you sell, your do not get many "outs" in a contract, but you do as a buyer.

Hey Krish,

  I would focus less on the barriers and find deals.  In this market, if you can find a deal, you WILL find the money.  If you're having trouble finding the money, talk to me or others on this forum and we'll find you an investor to partner with.

Welcome to bp! I'm in Boulder and is love to catch up. What does you father do in nh? It sounds like he'd be a great resource to lean on.

hey dano. Let's talk

I suggest that you refine your goals, so that you can focus your efforts for best results.  Good luck!  Hit me up if you just want to talk real estate (I can do this all day/every day).

Welcome to BP!  If you would like a better response I would ask a more targeted question.  I am not sure how to help you.  What exactly are you looking for?

There are some local wholesalers that specialize in out of state properties. I've got 12 doors in Buffalo, NY and with solar city coming in and dumping billions, I think that could be a good appreciation play along with good cashflow. I highly recommend you take at least a week to get to know the market where you plan to invest by traveling there and interviewing  PMs.  Let me know if you'd like me to share wholesaling contacts. 

It seems like you may be casting a pretty wide net.  The best way to identify deals is to specialize and truly understand an area, segment, or other niche to better focus your search.  When you say that you want to "turn a profit", are you specifically speaking of cashflow?  Also, why is your strategy focused on 15 year amortization?