Pull comps, estimate rehab costs, run the numbers on properties you see.

hey guysso im tired of being late to good deals on auction.com... their email alerts suck loli write code in my day job so i built a little scraper on apify that pulls all the new foreclosures each morning. way better than getting 100 emails a day about random propertiesanyone else doing this?

If you can clearly explain the numbers and the risks, you will feel much more confident pulling the trigger.Focus on learning and protecting your capital on the first deal.

The right solution depends on the specific layout, travel distances, stair enclosure and rating, window size and sill height, and how the jurisdiction applies IBC and the NYS code for an additional dwelling unit in an existing building.Whether it is worth it comes down to a simple feasibility and ROI check, the all in cost and timeline to legalize, versus the increase in stabilized rent and appraised value.

I essentially want to pull the equity from all these first deals to support that larger commercial deal further on, or so that is my though process right now.Currently I have about $50k ready to be deployed for a down payment and my current income is about 180k - 200k annually.

Please be part of the solution and complete a very simple 3 min complaint form online for SEC, FBI and FL attorney general.

I'm curious if the channels that work vary by region. i completely agree with you , follow up is what make this work and you would literally lose on 80% of your leads if you don't follow up , but the thing is most wholesalers or investors do everything alone , for example they would be distracted with trying to get good seller leads they  need to do skip tracing and then some also do cold calling rather than focus on closing the deals personally we use go high lvl CRM and what i do personally is generating the high quality leads as i have cold caller team then we do the skip tracing and make sure the leads have high quality / off market and below the market average price , i'm still thinking to start as a wholesaler but currently i just help wholesalers with generating the high quality leads , i need more experience as wholesaler but been working on generating prequalified seller leads for the past 10 leads , do you have advise where to start if i want to build a complete process from A-Z rather than just generating the leads through  List pulling, dialer setup, skip tracing, SMS outreach, cold callers ?

It can tell you if building permits were pulled for remodeling, roofs, furnaces, etc.

Second, you want to have estimates on the improvements you want to make so you do not over improve the property.Third, you can do the work when one of the units becomes vacant and increase the rents as well.After both units have been improved and rents increased, you can either get a HELOC to pull money out or do a cash out refinance.To Your Success!

This is a much faster and cheaper, possibly free, solution than a formal appraisal.