All Forum Posts by: Michael Kundrat

I'd love to see the logic worked out for each scenario and the numbers. I am imagining that after putting it all down on paper and being thoughtful in each scenario there will be a more narrow focus on the best options and then go from there.

If I follow what you are asking, you would like to avoid having to put down the 25% on an investment property (since this wouldnt be your primary residence). And also to avoid hard money lenders as that may become costly too.

I dont believe so if you are working with banks - if the seller of the property is willing to finance the deal then you could negotiate the down payment. I dont know how to structure seller financing and finding owners who would want to.

He means for you to find someone who has done deals before and has the knowledge for what to look for to determine the opportunity that you have in front of you. Split the deal with them however you agree to.

This will get you to learn a lot in the process and thats the investment. It will also open up your network in working with a new partner.

Hi All - trying to find deals in Salt Lake City. Like everywhere else, the market is white hot and cash flow is non-existent in the MLS/retail listings as everyone is cashing in and inventory is low at the moment. My goal is to leverage my cold-calling skills to find off-market deals with the hope of locating deals that cash flow.

I am curious what the group consensus is here on buying a list (ex: corelogic, or another real estate data company) for starting to prospect to duplex, triplex, and fourplexes versus just building a list from public records. Curious the pros/cons experienced.

Through public records, I am able to run a report for all the 2-4 unit zoned/permitted residential multi-family (although I live in a duplex but the records show that it is a single family, guessing it was converted maybe without city permits/approval).

I have played around with the tool and its easy to find the list and the owners of the property (be it a corporation or an individual). The challenge here is me figuring out how to contact the right person at a corporation owned property if you are cold calling - even if the corporation is an individual.

So while I can run the list and extract the data, is the better usage of time buying a list for my target area? In the groups experience, is there phone contact information with these lists - are some better than others? Would a good strategy be to first get a list of absentee owners of my target property and reach out to these owners who are out of state?

My strength is in cold-calling so that will be my strategy - If I need to skip-trace phone numbers regardless of where the property information comes from.

Otherwise, if it is all the same, why would I spend money on a list where I would have to then skip trace the contact information as well too.

Thanks and I will elaborate and share any other information I think of - my goal is to put in the sweat equity to find a deal to get my first one under my belt. Starting local to where I am now :)

Just relocated here from Dallas, TX.

Looking for a start here in the Bay Area.