All Forum Posts by: Jeff Modjeska

Curious what make a neighborhood a B or C neighborhood? I get A and can certainly spot a D neighborhood! but how do you determine the others B-C?

Thanks

Jeff

Hi Im new to BP and a new investor with a few dollars to invest. My goal is to brrrr initially (If #'s support) or fix & flip the property if it's still a good deal. I want to run numbers to analyse deals but don't know where to start and what to focus on as a lead. I have a contractor friend in Palm Beach FL who could manage project and invest some capital as well.

When I do a search on Propstream I get the following:  598 Preforeclosures - 47 Auctions - 215 Bank Owned - 5057 Vacants

Which lead source would be most productive to focus on? 

Can you call the Bank Owned and get good deals going directly to the bank?

Can you buy the Auctions houses before they go to auction?

What have you have the most success at?

Any help and wisdom would be greatly appreciated!

Thanks in advance... Jeff

Curious Dean I'm brand new to BP and being a real estate investor this seems like a good deal but I don't know enough about the process? I want to buy and hold with cash flow and get my money back out to go on to the next property. Can you share the address and pictures would this be a good BRRRR?

Landon, I would also recommend checking in with other local banks Heloc rates will always provide less expensive money options than a hard money lender. I work for Aspen Commercial Lending and we have over 300 lending partners not all real are real estate lenders. We are considered a hard money lender or alternate lender and take on more risk such as credit challenges or unique loan circumstances. I always tell clients to pursue getting a loan with your local bank first. If your circumstances don't confirm with and fit in a conforming box then contact a alternative lender for other investment funding options. If I can help you or you have any questions you can find me here on BP!

Curious Dean I'm brand new to BP and being a real estate investor this seems like a good deal but I don't know enough about the process? I want to buy and hold with cash flow and get my money back out to go on to the next property. Can you share the address and pictures would this be a good BRRRR?