All Forum Posts by: Richard Dale-Mesaros

Mine was a 6-unit back in 2003 for $200k. $20k down and owner financing for the balance. We held it for a couple of years and ended up selling it for a $100k profit before taxes, which we 1031 exchanged into some other rental properties and began to grow our portfolio. I wish we had paid off our house mortgage at the time because we would have still had money left over to put down on another building and had no mortgage payment! That deal was my first exposure to wholesaling because the guy we sold it to flipped his contract to another investor-buyer and made a $60k assignment probably with one phone call!  :)

@Dan Milinazzo liking the Real Value Ventures name - I haven't read any of Simon's books but of course have listened to stuff on YouTube he's done. Currently reading The Go-giver, having just finished Traction and Rocket Fuel, with 40+ more on the list. We should do a call sometime to compare notes......

^ Sking is my big why, so of course I have Glen Plake along with various wipe-boards for tracking deals, ideas and inventory etc...... :)

Like @Wayne Brooks said - even if it were a local bank, they tend to list it with a Realtor once they own it and it could be any number of months before they get to that point. An auction is an alternative for them but risky for you in that you may not be able to see inside it before or during the auction! Certainly talk to the assessing dept to possibly get some insight on the place. Neighbors, too.......

Dover's great, Rochester somewhat behind it...... let's connect on BP tgen do a call at your convenience..... :)

We have so.e opportunity zones designated in a few towns around here, so keep that in mind. Taxes can vary significantly from one town to another and readability is influenced to a certain extent by quality/perception of the school systems...... feel free to reach out if you like! :)

Cheers @Jessica Stevenson! :)

Cheers@Zachary Richards - here's to a robust second half of the year!! 😊

Hi Dave and Cassie - happy to provide some input if you like..... after 75 deals hopefully a few tips to save time and mistakes! Gland you found BP - it's a great resource! :)

@Andrew Kouri - I haven't dug too deep into the Opportunity Zone specifics but I'd anticipate you can't invest there and use it as your residence?