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Right now I’m working with a wholesale company doing direct to seller marketing. We clear about 10-15 deals a month in our little company of about 5 people. I’m thinking about starting a investing business of my own buying houses at foreclosure auction and then either listing them myself or refinancing and renting them out. I have private money lenders in line to fund these purchases and contractors that I have a good relationship with that will help me rehab homes if necessary. I meet a lot of wholesalers that do direct to seller marketing but I have yet to meet a single person investing solely with this strategy. Is anyone you know doing this and having success with it? How many good deals can I expect to find at a foreclosure auction? Should I use standard pricing models that I already use for wholesale? (I.e. 70% rule). Let me know if you or anyone you know is using this strategy and if you have any tips that would be much appreciated. I’m in Phoenix by the way. Thanks.

I'm interested in learning more about the current problems that RE investors (more on the commercial side) face in their day to day lives and how they're looking to software to solve them.

Looking to buy a home from a wholesaler out of state from me. Aside from my traditional due diligence (repairs, tax lookup, ARV, rental income), what items should I be aware of during this phase odlf the transaction?

I have purchased a few homes at this point, but always with an agent + attorney.

What questions should I ask beforehand? Are additional precautions required as a cash buyer?

Thanks all

TLDR: fiance and parents rent a home for $2500/mo. My fiance makes great money, they dont, she supports them. They are $70k away from owning a home far away that they airbnb out for $2k/mo, 8 months out of the year. Because of this, they have no savings, and she has very little. I think they should sell the home and use that $ as a 20% down payment on a home where they're living now so that in 10-15 yrs, they'll own a home where they want it to be, as opposed to owning a mediocre source of income that will force them to continue renting for a lot longer than necessary.

Hi all. I would sincerely appreciate some advice. Ill give the info I think is pertinent, but please let me know if I should give more to get a more informed opinion.

My fiance and her parents are currently renting a home in an expensive market. They've been renting for over 10 yrs. The landlord has never raised the rent, so they're paying ~$2500/mo for a home that could go for $3500/mo according to Zillow.

My fiance earns a very nice income, but her parents do not. They've never been good with $ and have no savings. So, my fiance is supporting them and her savings is a tiny fraction of what it could be. Her parents are phenomenal people and we will be willingly supporting them and hopefully having them live with us for the rest of their lives.

Her parents (almost) own a small home in the desert. It is never a place any of us would live, but renters like it as a vacation spot. It is rented out 8 months out of the year in an airbnb-type situation. The monthly rental price covers the monthly mortgage and utilities (~$2k/mo), but no more. No income is being or has ever been earned from it. It is still a liability, as it is empty 4 months out of the year, and the parents put $ into it for general upkeep. I doubt anyone would ever want to live in it long-term, as the town is more for temporary stays for retired people. Once it is paid off, her parents will continue renting it to vacationers on a month-to-month basis.

I don't have a finance background, and am not yet an investor in, or owner of property, but I don't see how this makes sense. They own a house somewhere they'll never want to live, and because of only wanting to rent it out on a monthly basis (as opposed to sell), they're forced to rent where they actually do want to live. This doesn't seem like a smart move. People have made offers on the vacation home and her parents have declined. Wouldn't it be more ideal financially to sell the vacation house and use that $ as a down payment on a home in the city they're in now? I ran the numbers and if they sold the vacation home and use it as a 20% down payment (with $50k left over), the mortgage they'd be paying in that situation is similar to the rent they're paying now. This way, when they're done paying off the house they live in, they'll actually own something and can start putting $ into savings/investments, as opposed to eventually owning a house in the desert and being forced to continue collecting rent on it, and then transferring that $ into the hands of their landlord.

Any and all advice or opinions or perspectives is appreciated.

Newbie here, don't yell at me.

I want to invest in a SFH near where I live now, and am probably going about this all wrong. Property is foreclosure for $51k, with nearby comps at about $150k. I know right off the bat it needs new drain/septic - I have a guy for that for approx $12k total. I also have family member contractors/plumber/electrician/painter who are on board with helping me with repair estimates and getting the work done. After preliminary talks, expecting to spend max about $40k on renovations/repairs.

I don't have much cash available to me, but want to find a way to get my foot in the door of investing. Looking at options for fix/flip loans now. Is this a thing people regularly do? If I can finance most of the purchase price, and some of the reno costs, does this sound like a decent plan? I'm pretty sure I don't know anyone who would be willing to lend me $50k as an investor on the project, although still exploring that option.

Thoughts/comment/concerns? Appreciate any advice. I've been wanting to get into this for several years now. I also own a rental TH - was my first home, been a rental for 5 years now - not sure if that means anything. Thanks!

EDIT: It looks like I'll need to pay down more of my current loan before I can take anything out. Perhaps I'll start AirBNB'ing it now.

I own a 250K home in an up-and-coming neighborhood near Denver. It's now worth 300K after 2 years and it's rising.

So, I'm using the next 12 months to save up for a downpayment on a 2nd home, but what should I do with my house in the meantime?

Here are my options as I see them (forgive me I'm new):

1. Continue paying 3.25% on my 250k loan, no changes. House values are still rising.
2. Refinance and put the home equity credit back into the house to increase the value.
3. Refinance to a conventional loan to remove PMI and save $$ every month (probably not a good idea, but maybe better to do right now since I'm stuck with PMI forever?)

After my 2nd home, I'll start long-distance landlording or airbnbing.

My partner and I are looking to buy our first investment property. We live in Orlando and unsure how to compare which area to invest: Orlando or NYC, specifically Manhattan or Brooklyn. Any websites or tools to compare? We're thinking to become Bigger Pockets pro members to utilize their calculation tools.    

My rationale for NYC is that it's a high appreciation market and the tenant population would be higher income earners that can afford NYC rent. We would be buying one unit (ideally 2 bedrooms) there meanwhile we could probably get multiple units with the same amount in Orlando. But I'm assuming we'll have a higher chance of dealing with lower income tenants that may present with more issues. In either location, we would have a property manager.    

Which area would be a less riskier or better investment? Our understanding is that taking out loans is more favorable than using your own capital even if you have it. Is this true?    

Edit: Apologize for the spacing errors. I'm still trying to learn Reddit's formatting guide.

The map can be found here.

The key on the right shows you how many projects and completed properties are present within the visible area of the map, allowing you to zoom into a particular neighborhood or even block to see exactly how many projects are in development.

Clicking on any of these categories allows you to filter for only projects with that status. Clicking on a individual project or completed property allows you to see the address, the developer, and a link to the job's page on the Department of Buildings or Attorney General's site.

Not looking to gain anything here. We've been working on the pipeline where this information is pulled from for years and I thought this was an impressive collection of data Reddit might be interested in.

Hello! I have a question about Percent of Ownership bids for Tax Lien auctions.

I have been trying to get this question answered for awhile now and no one seems to want to answer it... But here it goes, I recently went to my first Auction in Rhode Island. I noticed that no one bid under 100% ownership. I understand that this percentage only comes into play if the property goes into foreclosure. I also understand that it can be somewhat timely and expensive. I was wondering, other then the normal foreclosure costs, and the cost of buying out the other persons percentage, are there a lot of other costs? Does anyone have any experience or stories about bidding under 100% ownership? If properties normally redeem is it worth going down to 99%? Even if it goes into foreclosure, is it worth the long term investment?

I am not a homeowner.. I’d really like to be, but I live in a high COL city and anything I can afford is in a marginal neighborhood. So buying here seems a little risky right now, not to mention the super competitive market. I have a great deal on an apartment rental in a great neighborhood — which is also why I’d rather keep renting for the time being.

But I’d really really like to break into real estate investment. I can afford a decent investment mortgage (~250k) which, in other cities and states would secure a decent house in a nice neighborhood.

As a first time buyer, Would it be completely risky and stupid to buy something not in my city with the intent of renting it out and building equity?

Hey, While I was shopping for a rental investment property, I wrote a software to solve for my own problem - how I can find the highest ROA property from thousands of new listings everyday.

The software that I made automatically searched through ALL new listings in the entire washington metro area, and output a spreadsheet with all the data that I needed to pick the top investment properties. With this software, I was able to hone in a few high ROA townhouses and made the purchase last week.

Examples of the data collected include: all property details (location, condition, etc), financial details (HOA, mortgage montly payment), rent, geographical data (zip5 income, occupancy, property appreciation%, and all other U.S. census data)

I am wondering if more people would find this useful.

Would love to hear your thoughts

I'm looking to connect with real estate professionals in China with which we will partner for Golden Visa issuing and real estate investment. Any ideas ?

I am looking to invest in Real Estate but am unsure what the best method will be.

Option 1: Conventional loan with 20% down. Checked a local bank today and their rates were 5.75% with zero points. I think this will have much higher closing cost.

Option 2: Equity loan on my current home and purchase the investment property outright. Got rated 6.75%. Was told no closing cost but there must be some extra cost somewhere.

Both options will be short term as I plan on paying it off within 2 1/2 years.

Hey guys,

I will be done with college soon and, thank God, have a decent paying job more or less lined up for me.

I live a pretty frugal life now, with my current job, and I intend to keep living this way so I can invest a large % of my income. I still have to look into the tax situation but the plan is to incorporate a company and acquire property through it. Those assets will be mostly to rent and I am mostly interested in residential property and office spaces.

That said, I know very little about Real Estate and I am currently researching both it and Stock Trading. My question is: are there good must-read books on real Estate investing?