All Forum Posts by: Michael Nyszczot

I recorded a FREE Training Web Class! on one of My Niche Real Estate Acquisition Funnels That’s Currently Making Me Six-Figures Per Year!

>> Just Go To To Get Instant Access To The Special Webinar>>

Secret #1:

“How To Buy Houses Without Having to Spend Thousands on Marketing, and Spending LESS Hours Driving around looking at houses, Meeting, and Negotiating with Home Sellers”

Secret #2:

“How To avoid Your Local Market Down Cycles and Minimize Your Risk by Investing in NEW Real Estate Markets that are Profitable and have less competition”

Secret #3:

“How To Make Money with Multiple Exit Strategies on Each House…”

>> Just Go To To Get Instant Access To The Special Webinar>>

@Giacomo Bugatti -- you can research online and call contractors to interview them. I also recommend you join a local REIA. You can network with investors and some contractors go to these meetings as well.

@Joseph Ayala - cap rate is math using rents, expenses, etc.  Start with this article:  

https://www.biggerpockets.com/blog/2015-09-18-guide-calculate-understand-use-cap-rate

@Joseph Ayala -- I use cash flow analysis on multi-family properties. Rents minus expenses minus debt service. Then if the property cash flows are the the different returns (example: cap rate, cash-on-cash return). You can also run multi-family comps using your MLS (if you have access).

@Giacomo Bugatti - you can find 4-5 contractors and talk to them.  Explain what you are doing and that you are looking for a long term relationship with repeat work. You can also ask other real estate investors for referrals. 

I never pay a contractor or any worker (electrician/plumber/etc) upfront.  If your house renovations will take 1-2 months to finish, one way to pay a contractor is 1/3 of the money up front, 1/3 of the money 70% done, 1/3 at then end. 

I recorded a FREE Training Web Class! on one of My Niche Real Estate Acquisition Funnels That’s Currently Making Me Six-Figures Per Year!

>> Just Go To To Get Instant Access To The Special Webinar>>

Secret #1:

“How To Buy Houses Without Having to Spend Thousands on Marketing, and Spending LESS Hours Driving around looking at houses, Meeting, and Negotiating with Home Sellers”

Secret #2:

“How To avoid Your Local Market Down Cycles and Minimize Your Risk by Investing in NEW Real Estate Markets that are Profitable and have less competition”

Secret #3:

“How To Make Money with Multiple Exit Strategies on Each House…”

>> Just Go To To Get Instant Access To The Special Webinar>>

@Lisa Leary

If you are wholesaling in Philly, go to https://property.phila.gov/ and type in the address. The owner's name and mailing address will show up. 

@Account Closed -- Here are online REO Auction(s) sites that I have purchased properties.

www.hudsonandmarshall.com

www.homepath.com

www.homesteps.com

www.realtybid.com

www.**************

www.hudhomestore.com

www.auction.com

www.hubzu.com

www.AuctionNetwork.com

www.XOME.com

@India Spivey -- Cape May County, Burlington County, Gloucester County, Sussex County, Passaic County, Cumberland County 

@Richard Hickman -- I have had success with areas outside of Charolette. The past 12 months I have bought and re-sold (all were REO properties via online auctions) in Gastonia, Concord, Kannapolis, Salisbury.

It might be good for you to network with other local investors (see REIAs and meetup.com) to see what a buyer's preference is.