On Wednesday, June 17, I was fortunate enough to join two other real estate entrepreneurs on a “panel of experts”, which took place at the San Jose Real Estate Networking Club’s June meeting. The panel was made up of Pierre Malik (licensed real estate agent with CSR Real Estate Services), John Paiva (President of Charity Rehabbers) and myself (President of Bridge Equity Group). This was an opportunity for the 60 people in the audience to ask any questions of the panel, and we were there to provide expert real estate advice. We fielded a variety of questions over the course of the evening, from how we find deals to wealth building investment strategies. The entire panel discussion was recorded, and is here for you to enjoy!...
This article is about finding house deals and helping home-owners that need to sell their house fast. There are many reasons why somebody might need to sell fast. I won’t be talking about why people need to sell quickly, rather sharing strategies on how to find these people. If you are in the fix/flip business, finding and working with distressed property owners directly can help eliminate significant costs associated with “finding deals”. Namely, I am speaking of agent sales commissions or wholesaler fees. Of course, many of the techniques to identify sellers do require some marketing expense. Here I would like to provide ideas on how you can find distressed properties, while helping homeowners that are in a situation to benefit from a cash buyer. If you are on a budget, there are many techniques that require more time and less money. Driving thru neighborhoods and writing down distressed looking properties is a start. Typically there are on-line resources that allow you to plug in an address or APN number to identify the homeowner is. Armed with a name and address, you can mail a letter stating that you buy houses for cash and are looking to buy in their neighborhood. You can create “I Buy Houses for Cash” signs from your own materials (or buy them from companies like www.cheapsigns.com). These ”bandit” signs are almost always effective at getting your phone to ring from all types of people. It is a little like finding a needle in a haystack, so be patient. Placing door hangers on pre foreclosure homes is another economical option (door hangers are very inexpensive to get printed). Title...
Did you know that proximity to campus is key not only for students but also for investors who have learned through experience that properties close to campus are more resilient when the market adjusts? Close-in properties fare better when demand drops due to enrollment or housing policy changes, or when new development adds to a market’s supply.
Did you know that you could earn $1000’s for just finding us a distressed property that meets our purchase criteria?
Did you know that multi-family consistently records superior risk-adjusted returns compared to the other property types?
Did you know that you could obtain an equity position in an apartment community just by helping raise funds for the investment?
Did you know that you could easily earn double-digit annualized returns by safely lending money that is secured by real property?
Did you know thatfor many universities, privately owned student housing resolves the need to have competitive housing without utilizing the school’s scarce financial resources?
Did you know that student housing is a major commercial real estate niche that attracts billions of investment dollars each year, and now you can participate in this exciting market space too?