OfflineI wasn't sure what topic to put this under, but I have an investor friend in that market that has properties currently available 50% below current market value for any of you that have buyers but can't seem to find properties for them. Also his company may be willing to partner with some of you on deals, so if you are interested please reply below so I can hook you up with him. Thanks
__________________
Currently in Louisville I mainly wholesale property to other landlords and rehabbers. If you're investor friends in Louisville could use some good deals let me know
On the commercial side, our qualified Network Members invest together in lucrative turnkey commercial real estate projects across the country while learning side by side through shared investor education.
We focus on income producing assets, which enable us to all share in monthly returns. Our acquisition criteria includes commercial (class B and C office buildings) , self-storage, mobile home parks, apartments and residential real estate owned properties (REO) at a target of 50% below today's market values. We also buy real estate notes, performing or not.
Our board of advisors has completed more than a half a billion dollars in real estate deals and have a combined 100+ years experience.
If you'd like to learn more about our commercial investments or want to know how you can partner with us, let me know and i can send you a catalog on our strategies, goals, and even past projects completed.
One of our current residential projects is centralized in Orlando, FL
I''ve attached a pdf which is an overview of this project.
Our firm, Investor Alliance Asset Management Group, a division of HIS Real Estate Network, was formed specifically to take advantage of the phenomenal opportunities available in Orlando today, and to share these opportunities with other investors. We started with $5,000,000 to purchase properties directly from banks – and we purchase the properties in bulk. Our acquisition manager picks specific subdivisions that have fabulous amenities; subdivisions where you would like to live. After our acquisition manager purchases the properties, our construction crews get to work. They fix up each property to like-new condition. Once the properties are in excellent condition, we assign them to an expert property management company and they get the properties leased. Then, and only then, we offer select properties to our VIP buyers list.
Here are two examples of our recent properties in Orlando, FL:
3 bedroom/2 bath 1206 SF condo located just minutes from Millenia Mall sold in 2007 for $432,000, offered at $59,900. This unit has a tenant in place paying $850 per month.
2 bedroom/2 bath 947 SF condo located in the same complex sold in 2006 for $354,200, offered at $47,900. This unit has a tenant in place paying $750 per month.
We're selling these properties at half off they're appraised values with tenants in place to provide immediate cash flow and back end profits for our clients, as we recommend holding for 3-5 years before selling for a profit.
If you'd like more details on these properties i can send you a detailed memo with all the numbers, pictures and information.
Bottom line, i'm not trying to sell anyone anything, nor do i want to. i hate selling. I want to make sure whoever i work with is a good fit for the opportunities we have to offer. We're truly a group of investors that believe "you get what you give". Which is why we've put together such an amazing opportunity for new and experienced investors who want to get in while the time is right.
We are looking to develop long lasting, valuable relationships...as we're basically an 'anti-guru' real estate company. We think that our on going relationships are far more valuable than any property or course we might sell. People, not money, are important.
I am in Ocala,FL. I am a newbie at this. One thing I do know is that the time is right to get properties now. I would just like to have someone to help me get started. I have always know that owning Real Estate is the way to a better life. I think that fear has kept me from doing it. I put in a few offers for houses in the past. But, I never seemed to get anywhere.
So if you could offer any advice or help I would appreciate it?
just put in as many as you can, eventually one will get accepted. I was following matt's 25 - 1 so all my offers have been at least 50% of the arv, so I haven't had any accepted yet, but there are lots of peolpe on here that actually only offer 10 or 20k less than selling price, and that has worked out well for them. I was told to check the area I am interested in and see what prices are selling the best, and then put in my offers so I can work with that, making sure all costs are included, and there are room for my profits before putting in offers. Many people say you should have your buyers lined up, but I think it can be done without buyers lined up. I have several buyers, but when I get properties that look promising, alot of times they aren't even interested, and the property goes to someone else. Don't be afraid, you have nothing to loose and everything to gain. So what if people don't accept your offers, keep putting in more. You're not out anything. Think of when you finally get one accepted, and you make a few grand on it, even if it took 10 hours to do the research and submit the offer on that property, that's still more than you would probably make after a month on your regular job. I worked at a daycare last year, and a few months shy of one year, I made around 6,000, and that was as a full time employee. The min wage here is junk. Luckily my income was not what we had to depend on, but you sure do miss the extra when you don't have it anymore.
Set some goals for yourself, start small, like getting your team put together, and writing offers, or maybe putting some ghost ads out there to catch buyers. Set other goals too, for when you start making profits, so you can celebrate. Take some time off durring the week, or weekend too so you don't get burned out. Network with as many investors as you can, because this is definately a people business. Don't be afraid to pick other investors brains either. Ask tons of questions, but don't overanalyze your deals, because that will create a panic, and then fear will set in.
Personally I wish I had started doing this when we first moved out here 2 years ago. But now is ok too.
There are so many threads on here, i would suggest you take a little time each week and read some of them. The most important thing for you to do is decide which method you want to start with. If you have no money or credit wholesaling, birddogging, and lease options are ideal for you. Call for rent ads and see if they are available for sale. Check out any homes being sold that are under water on their loans, and offer them a lease option instead and see if they go for it. You will have to be persistant and never give up. You will have to develope a strong backbone, and when realtors laugh at your offers, don't worry. Just tell them that you are an investor and you are looking for some good deals, and sellers now a days are competing with foreclosure prices. Pm if you need any more help and I will help as I can
PM me, My partners and I may be interested.