All Forum Posts by: Jeffrey Donis

@Moshe Jungreis I'm not in that area, but what we do for contractors is typically ask other investors in the same area.

You should find a local meetup (either on meetup.com or eventbrite.com or https://www.biggerpockets.com/...) to network with other investors. There, you can ask around and find out which contractors they use. 

Word of mouth referrals will probably get you a better contractor than other methods.

Hope that helps.

@James Mitchell Walker I agree with @Evan Polaski. You could be waiting an indefinite amount of time. Don't force a deal, but I'd always encourage others to always be LOOKING for a deal. There are deals in every stage of the market cycle. But, don't wait on the sidelines, because years could pass and you'd have wasted that time. 

Good luck!

@Aria Azarli You'd just have to find investors who are willing to have their money sit in a deal that doesn't have great cash flow. Different investors have different needs, so connecting your deals to the investors who's needs are met by the deal is essential. 

@Michael Colello I'd see if you can build relationships with a local contractor and send them out. 

If you're doing a quick analysis, you can simply assume if it's cosmetic= $10/sq ft, medium= $20/sq ft, extensive= $30-$35/sq ft.

@Paul Costa I'm not in that area, but what we do for contractors is typically ask other investors in the same area.

You should find a local meetup (either on meetup.com or eventbrite.com or https://www.biggerpockets.com/...) and ask other investors who attend which contractors they use. Word of mouth referrals will probably get you a better contractor than other methods. And you get to network (bonus)!

If you can't see the condition of the property, it'd be hard to accurately estimate what the repair costs will be. So, I would be cautious of this strategy/avoid it all together. But, it might work out, just proceed with caution! 

@Micah Squires

You can do it, but it is more complicated than other properties. Honestly, I'd pass on it. 

There will be more deals! You got it. @Demetrius Ward

@Melvin Vasquez Creative financing can be confusing to learn, but if you do, you can acquire properties with little money out of your pocket and outside banks and traditional financing.

Seller financing: https://www.investopedia.com/t... 

Subject to:  https://www.carletonsheets.com... 

@Giulio Brandi Foundation can be very expensive and not even worth fixing (if it doesn't make sense to, numbers wise). 

So, if the foundation is bad and causes expenses to eat into your profit margin, I would pass.

@Troy Coroles Brokers.

Then, I'd look on meetup.com and eventbrite.com to find local meetups and go to them to network.