All Forum Posts by: Yetzul Werner

 How do you get sellers to make you an offer?I represented a seller in my first transaction and we got over 14 offers. The ones who were at the asking price and lower got ignored, I had an agent surprised that her cash offer for 5k under the list price did not make it. I think I'm going to try what Brandi suggested and try for properties in need of repair in November and December.

 Thank you Richard, the average DOM for homes in the rent intensive areas I'm looking in has been 15-20 days. My husband thinks waiting until winter time is a good idea too. House sales are usually lowest between January and February, which means the number of offers probably decrease a month or two before that. I'll try picking properties that have high DOM and still listed in November and December.

 Thank you William, I'm going to start looking at county records for evictions and divorce proceedings in my area. I can try mailing out to the addresses for the divorce records and use the evictions to find any multi-family properties that a worn-out landlord might sell. 

I am a science teacher from Houston, TX who decided to get into real estate investing after reading Rich Dad Poor Dad. Since I read the book, I got my real estate license, signed up with a broker, and sold my first house. Now that I know the process, my husband and I are looking for our first rental property.

We have been using the MLS to find potential investment properties. My husband is an accountant for a CPA firm and he's helping me to analyze the properties. So far, we've realized that the best way to make cash flow is a low purchase price in a rent intensive neighborhood. The hardest thing so far is finding a rental property at a low purchase price. I've made many offers, but no one has taken us seriously yet. Is there a way to improve the offers to make them more appealing without reducing our profit considerably? (i.e. increasing the earnest money, less seller concessions, higher down payment)