All Forum Posts by: Quin Weidner

Hey @Jake Thaxton

I'll just spitball some ideas here:

Look for any "We Buy Houses" signs. I see them in almost every town. Call them and ask if they're interested.

Post a picture and some basic details on https://www.biggerpockets.com/forums/517-real-esta...

Post a little bit more information here

Call up your local brokers and ask if people are looking for off-market houses

Surf Craigslist for people buying and selling houses and give them a call

Local REI meetups

Search Biggerpockets/people and see if anyone lives near Remington (cute little town, by the way. and plenty close to NOVA, so I'm sure you'll find plenty of people)

Ask everyone you know and ask them if THEY might know someone

These are just some of the ways I try and make connections with investors and find deals. Make sure before you hang up with each person figure out: 1) what they are looking for and 2) who they recommend you talk to

Good luck! 

You all are arguing semantics. @Thomas S., a "handler" is used a lot for government agents. Even James Bond had a handler)

Great point, Andrew, I'm working on that now. 

thanks.

Hey guys, I'm fairly new to this. 

I found a deal that looks AWESOME- almost too good to be true listed online as a foreclosure. Even with a hefty repair budget, this looks like a great deal.

Since I can't get up to see it right away to vet it, what specific questions should I ask the realtor?

Should I have a property management company check it out for me?

What kinds of things do I need to make sure I didn't miss?

thanks guys!

@Amir B. Hey Amir, I've been surfing the web for places around Cleveland- specifically Parma.
How did your trip go? Any insight you'd like to share?

@Brandon Johnson

This is tough, Brandon because this is the best kind of charity you can give. It's much more direct than giving to a multi-national charity where you don't know where the money is going.

That said, it's all about what makes you feel better. If you let them stay and worry about the money, it's not worth it. 

This is a fantastic way to give back to your community- but ONLY if you will really feel good about what you are doing.

All that money you're earning- you're going to give to somebody one day. Do you want it to go to your kid's college fund? The workers on your yacht? United Way? Your contractors and their kids? Or the cancerous girl living in your house?

If you are feeling concerned at all, get them out. Remember, you were providing them a service when they were paying you too

@Adrian Stamer It's not common, but I've heard of it. A big part of the market value in those apartments is popularity and distance from the party areas.

Ok, yes there are parties, and damage is a concern.

However, you can put ALL of that in the lease AND add on up to 2 months security deposit.

Meaning, if you can stomach the damage, it's worth it.

@Naveen Kumar Hey Naveen,

I've been through the tenant side of the Charlottesville student market- they are perhaps the BEST tenants you can get.

You can charge them obscene rates- PER PERSON rather than per unit.
You can make them accept any terms- most of them won't even read it. Those that do know that you have all the bargaining power.
You can make their parents sign the lease- this gives you almost guaranteed income every month.
You can charge massive security deposits.

The UVA market is competitive to get into- but for good reason. It is a large population of students who haven't learned what to expect for rent prices, but know their parents will cover it. Yes, I'm generalizing a lot, but I know many students who are paying over 1,000$ EACH for a 3 bedroom apartment.

If you decide to invest in the area, let me know and I'll put you in contact with investors in the area.

If anyone could also add a general legal timeline for eviction process as well that would be awesome