All Forum Posts by: Matt M.

Are you in New Orleans? Check here and click real estate sales list on the left hand side.

https://www.opso.us/index.php?...

Why not medium term it via airbnb?

Ask your broker and check you State laws. We have to use special contracts here in Colorado with owners in foreclosure. 

Ask a title company if you have those. I check the assessors page here in Colorado. They all have them.

There are almost NO foreclosures going on right now. I doubt you'll see REOs as they will probably be short sold prior to auction. 

You can pull NED data off the county websites and door knock or mail. Just keep in mind that there is a TON of competition in this space. 

That deal seems really slim at this price point. Did you figure in loan costs, taxes, insurance? Depending on the scope and location, it might be awhile before you even get the permit. I hope you have been conservative with your numbers. The market is saving a lot of flippers at the moment, but that all can change. 

Forget carrying the note. Money is so cheap right now, you need to leverage up to hit your goals. I'd sell ON MARKET and turn that $350k into 3-6 smaller properties. You won't find multis that make sense. Those owners are savvier and are commanding a premium right now, unless you find something off market.

Your other option would be to borrow against the property and pick up a few more. However it will all depend on what you can qualify for. 

Our market will not slow down this year. It is JUMPING up now that these appraisal gapped deals are closing. It'll be shocking to see. For example, a home in my neighborhood just when UC at $700k. This is a $550k neighborhood... When it closes, our values will jump.

You network with wholesalers looking for a deal or hire an agent to do it for you. 

I've been seeing and selling them off market. You'll get bid up right now with anything on the MLS. Are you guys clear for $700+, because that's what it'll take.

Just sold a client a SFR rental off the MLS. You can find them if you're vigilant.

Also, I'm on the legacy pro, and it isn't worth the price. Once they came out with premium, they diluted pro where it barely makes sense at the $150 a year I spend.