All Forum Posts by: Wayne Perry

Thank you very much Chris for your response. Just to be clear when you speak of pricing the asset, this includes knowing what the comps are and what repairs are needed to make an offer right? I Googled the property and saw a 115K estimate which I'm assuming was an ARV based on the sold comps, and the asking price was 75K. I didn't like the online photo because it looked to be a heavy Rehab. Since I didn't have the other pieces together I didn't physically look at it (I know the zip codes). I may have lost my first deal or not. Should I have just made an offer then figured it out with a 10 day inspection period?

Once I get pass this first phase I'm going from 0-100

I am just getting started - Got a call the other day from a prospect that had a client in my city with two off-market properties for sale. I couldn't move forward because I had no potential buyer or any software to analyze the properties to see if they were deals or duds. I have figured out the marketing (No Paid Ads) well enough to get incoming calls. Just need to know how to make offers. What should should have been my next step? Anybody Please...

-Transactional Funding is not an option since I don't have an end buyer in mind-.

I really appreciate the support! Thanks Phil Z.

Hi BP Family, I have my eyes on a vacant 4/2 off market REO. P/Reocrds show Wells Fargo had it (not showing up on the Wells REO site) no filters work, if it hasn't been assigned. The information has been scratched off of the door. How can I find an agent? Tax page and property appraiser still in the former owner's name.

All replies are welcomed

Thanks

Why Jacksonville, Florida?

Miami, New York, and Los Angeles may be great for a night out, but they lack a certain something as real estate investment towns - profitability.

Boring is beautiful in real estate, and Jacksonville is everything the flashy cities aren’t. It’s well-priced, full of jobs, and it’s a highly attractive lifestyle city.

There is no other major city where hard-working families can live along the warm subtropical waters of the Atlantic for under $100,000. For real estate investors there is no better place, as Jacksonville has an abundance of properties that produce nation-leading cash-flow.

However, it takes more than just low price to make a great investment market. The city must be strong in all 5 key market drivers:

1.Affordability

2.Economic Growth

3.Population Growth

4.Desirability

5.Supply and Demand

6.Jacksonville rocks at each of these, which is a lot more than we can say for the merely cheap markets. It’s the perfect combination of high cash-flow with enormous equity upside.

7.Jacksonville is a city with a strong economic past, present, and future, but don’t take our word for it.

8.Take the word of all the major think tanks, experts, and organizations that have ranked Jacksonville as a top investment city in America. Better yet, take the word of the businesses that have moved to Jacksonville:

You have to be the owner on record prior to the sale.