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In a recent video, we share how we buy and renovate our investment properties when they are in another state. We share how we find contractors and trades people to complete the renovation work on the investment property.
The video highlights the importance of leveraging real estate agents’ networks for successful rehabs. We discuss working with real estate agents to find trusted contractors for projects in other states, and where real estate agents recommended contractors and managed large-scale renovations. Building strong relationships with real estate agents is key for accessing local expertise and resources. This approach helps streamline the process for rehabs and sales, allowing investors to focus on scaling projects efficiently.
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There are several different nationwide property auction sites such as Auction.com, Xome, and RealtyBid to find investment properties. In this video we discuss creating accounts, searching for properties, and applying filters such as location, property type, foreclosure status, and occupancy.
Using filters helps narrow search results using specific criteria like number of bedrooms, condition, and vacancy. The video also provides examples from different auction platforms and highlights the importance of refining searches to avoid being overwhelmed. Auction.com XOME HUBZU Reality Bid HUD Homestore Auction Network Hudson & Marshal This Virtual Investor video covers how to find out-of-state property owners using list brokers.
It demonstrates creating a custom list to target absentee owners by selecting geography, property type, purchase date, and ownership status. The video explains filtering options, such as focusing on recent buyers, excluding owner-occupied properties, and refining criteria to narrow the list. It also shows how to save costs by removing duplicates and includes a step-by-step guide to purchasing and downloading the list for mailing purposes. We demonstrate how to get a list of out of state property owners. We grow through a mailing list website to pull out of state properties owners that you can contact to purchase their property or let them know of a property you are selling. Learn How to Find Out of State Property Owners In this episode of The Virtual Investor, we review a recently closed deal and discuss the numbers, challenges, and opportunities. Mike breaks down our first property, a 3-bedroom, 2-bath in a golf course community, purchased through a Washington state REO auction.
We explore the potential plans for this property, including a wholesale option or minor renovations to boost value. Next, we discuss an earlier deal in Alabama, where unexpected pool repairs affected our rehab budget. We share insights on sticking to the numbers, even when surprises arise, and highlight lessons learned for future investments. Tune in for more deal reviews, real estate tips, and insights. Watch Learn How We Underwrite Properties | Investment Property Review |
Paul & MichaelWe buy and sell real estate virtually all over the United States! Archives
September 2024
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