Finding deals
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Finding deals (by gevans [SC]) May 28, 2023 8:22 PM
       Finding deals (by Ken [NY]) May 28, 2023 8:29 PM
       Finding deals (by Deanna [TX]) May 28, 2023 8:49 PM
       Finding deals (by Dave [MO]) May 28, 2023 9:52 PM
       Finding deals (by Ned [AL]) May 29, 2023 9:29 AM
       Finding deals (by S i d [MO]) May 29, 2023 10:17 AM
       Finding deals (by gevans [SC]) May 29, 2023 10:48 AM
       Finding deals (by gevans [SC]) May 29, 2023 10:48 AM
       Finding deals (by BRAD 20,000 [IN]) May 29, 2023 11:54 PM
       Finding deals (by Ray-N-Pa [PA]) May 30, 2023 12:01 PM


Finding deals (by gevans [SC]) Posted on: May 28, 2023 8:22 PM
Message:

I haven't found any deals in almost a year... and now have bought 3 in 3 weeks! Sometimes they come in bunches. LOL

--69.80.xx.xxx




Finding deals (by Ken [NY]) Posted on: May 28, 2023 8:29 PM
Message:

Good for you.I hope i can duplicate that --74.77.xx.xx




Finding deals (by Deanna [TX]) Posted on: May 28, 2023 8:49 PM
Message:

Yay you! I'm happy for you! --137.118.xx.xxx




Finding deals (by Dave [MO]) Posted on: May 28, 2023 9:52 PM
Message:

They come in 3ís. Congrats!

First one was a foreclosure? What about the other 2 if you donít mind, sharing? --199.200.xx.xxx




Finding deals (by Ned [AL]) Posted on: May 29, 2023 9:29 AM
Message:

Yes, do share! I need to find deals and can use tips! --74.132.x.xx




Finding deals (by S i d [MO]) Posted on: May 29, 2023 10:17 AM
Message:

Nice work! 100% agree that they come in batches or waves.

Back in post 2008-2009, oddly enough our market never did "tank", so all we had were so-so "deals" that barely hit the 1% rule, which at the time was my go-to. Then around 2012 for some reason things began moving again and a few local "big" landlords retired and started selling off their portfolios. Very attractive terms too! The one I found was an old-skool investor, and he sold us 7 units in the span of a few months: all hitting 2% rule or better, and he owner financed the entire balance with nothing down.

Glad to see your patience rewarded. Sometimes the best deals are the ones we wait for. What kind are they: SFH? Plexes? Etc. --184.4.xx.xxx




Finding deals (by gevans [SC]) Posted on: May 29, 2023 10:48 AM
Message:

Deals: 1st one a mini estate farm on 5.5 acres. A foreclosure. It's a $300k package, we got it for $165. After all repairs, back taxes, etc. We are in for $202k.

Second, 2 acres with a 1982 SWMH. $14k. That one needs... pretty much everything. We are gutting it to a bare shell and putting in new baths, kitchen, appliances, paints, and flooring. That one will rent for $850 when done.

3rd...someone found this one and sent it to me. DWMH on .5 acre, permanent brick foundation. $54k. Needs paint, flooring, minor repairs, a good cleaning, deck and step repairs, new appliances. Will rent for $1100. And if we can have it ready in 3 weeks, it is already rented for that. --69.80.xx.xxx




Finding deals (by gevans [SC]) Posted on: May 29, 2023 10:48 AM
Message:

Deals: 1st one a mini estate farm on 5.5 acres. A foreclosure. It's a $300k package, we got it for $165. After all repairs, back taxes, etc. We are in for $202k.

Second, 2 acres with a 1982 SWMH. $14k. That one needs... pretty much everything. We are gutting it to a bare shell and putting in new baths, kitchen, appliances, paints, and flooring. That one will rent for $850 when done.

3rd...someone found this one and sent it to me. DWMH on .5 acre, permanent brick foundation. $54k. Needs paint, flooring, minor repairs, a good cleaning, deck and step repairs, new appliances. Will rent for $1100. And if we can have it ready in 3 weeks, it is already rented for that. --69.80.xx.xxx




Finding deals (by BRAD 20,000 [IN]) Posted on: May 29, 2023 11:54 PM
Message:

Go gevans GO!

BRAD --73.103.xxx.xxx




Finding deals (by Ray-N-Pa [PA]) Posted on: May 30, 2023 12:01 PM
Message:

I am seeing things start to break loose over here to Gevens. I just thought it was my little area --24.101.xxx.xxx





Reply:
Subject: RE: Finding deals
Your Name:
Your State:

Message:
Finding deals
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: