Closing on number 12 today!

I will get all the details written out in an article. I had to spend a lot more cash on this one due to some unknowns that came up, but it will still be a great deal. 
Creator of Invest Four More
If you want more help with your investing, check out http://investfourmore.com/blueprint-for-successful-real-estate-investing/


Comments

  • Congratulations. Isn't it funny how we always get unknowns come up. However, in the end, we can still profit.
  • Congratulations!
  • Thank you!
    Creator of Invest Four More
    If you want more help with your investing, check out http://investfourmore.com/blueprint-for-successful-real-estate-investing/


  • Posts: 0
    Congrats! Great you can still find rental properties that meet your criteria!
    It is almost impossible now in Denver. So many other investors out there and homes prices that already include anticipated neighborhood improvement that may or may never happen.
    We own 6 SF homes (at least 3bed 2 bath+'basement) in a nice neighborhood with good schools, and things have been going very well. We would like to buy more, but the home prices are such that the return on investment (rental income vs $$$ invested) not enough. We probably should venture out into different neighborhoods and adjust our criteria, but we know this one very well, like our rentals close by and have terrific tenants.
    Maybe we should just pay off the homes we have asap instead of buying new. We're in our late 40s with professional careers, so maybe it's time to start paying off what we have and enjoy it. Kids still need to go to college though....
  • Hi Jenna, I have heard Denver is super tough to invest in. It is tough up here as well, but I still find a deal once in a while. if you have a very specific market you like to buy in have you tried driving for dollars or direct marketing?
    Creator of Invest Four More
    If you want more help with your investing, check out http://investfourmore.com/blueprint-for-successful-real-estate-investing/


  • Posts: 0
    Thanks Mark. What is driving for dollars? And does direct marketing really work? We're on the receiving end of a ton of direct marketing (weekly mail asking if we want to sell our rental homes) and most of that mail is hilarious. I always wonder who on earth would respond to a canned letter that is made to look like a handwritten note on notepad paper.
  • Driving for dollars is simply driving around looking for vacant or distressed homes. Then contacting the owner and seeing if they want to sell. There are some wholesalers and investors who sell 5 to 20 houses a month just from direct marketing. 
    Creator of Invest Four More
    If you want more help with your investing, check out http://investfourmore.com/blueprint-for-successful-real-estate-investing/


  • Posts: 0
    That's amazing! Our homes do not look distressed though, how do people know they're rentals?
  • People find you through public records. Places like list Source will print out a list of all the investor owners in an area. 
    Creator of Invest Four More
    If you want more help with your investing, check out http://investfourmore.com/blueprint-for-successful-real-estate-investing/


  • Posts: 0
    Aha, as you can see, we're not professionals in the real estate business, this nest egg started by accident when we bought our first house that had renters in the basement, a different unit. The renters stayed and renting out the basement proved itself very easy and a lifesaver when one of us was unemployed for a while. We've been fortunate, we've bought more and things are going well (as long as people will be able to afford rent).
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