All Forum Posts by: Mike Bloom

I cant find any deals to flip, most homes which hit the market are so over priced like 10-20% (Houston, TX), they need very less or no rehab and cant be sold for a profit. Should I get MLS? would that help? I need some advice. where can I get deals?

I'm a little concerned about this because there has recently been a lot of fury directed at landlords who buy homes in corporate entities, and there have been several comments from people requesting that corporations owning homes should be banned. People are furious and are calling out on all social platforms. I am a bit concerned here I have a lot of properties in corps, will this ever be banned? I really dont want it to be

where can I find super cheap real estate, do I need to ask realtors? 

Can I ask realtors for off market deals? How do I find off market deal providers 

hey, I would be closing on a 10 units multifamily next week in Dallas Tx, the only thing running through my head is what if I couldn't find new tenants, or what if I raise my rents to market rates and price out existing tenants. If I couldn't find good tenants - that investment would be a mess. What do you guys do? I was having a backup plan of renting it to Section 8, but after some research the regulations are too tight ( inspections and stuff). 

hey I am a newbie, I wanna know what could go wrong in the Renovate (R) step on BRRR, Most people I talked to and read about have horrible stories, what steps should I take so that I dont get screwed. How do I renovate property properly

I am thinking to buy with hard money do a rehab and then refinance, basically BRRR strategy. I want to grow my portfolio real big like 3-4 hundred units before I start investing in multifamily and retail. How many of this BRRR homes can I buy? I have like 60k saved up I was thinking I should do 3-4 deals simultaneously.

edit: I am 22 

Is it possible to pay for a down payment on a multifamily apartment using a bridge loan? I don't have enough money to buy a 15-unit apartment in Texas; I only have about 15%. I had the notion of using a bridge loan as a down payment, then rehabbing the property and raising the rentals to market value before refinancing.

Is it possible to pay for a down payment on a multifamily apartment using a bridge loan? I don't have enough money to buy a 15-unit apartment in Texas; I only have about 15%. I had the notion of using a bridge loan as a down payment, then rehabbing the property and raising the rentals to market value before refinancing.