What strategy is working best right now! - Posted by wanna know

Posted by Rich-CA on April 22, 2008 at 20:09:51:

some good some terrible. Spend a day at the library. I doubt your time is worth more than mine.

What strategy is working best right now! - Posted by wanna know

Posted by wanna know on April 22, 2008 at 14:37:09:

Can you please provide the strategy you are using in RE investing and why it is working in this/your Market?

Thanks in Advance!

Incredible - Posted by Kenneth Hocking

Posted by Kenneth Hocking on April 22, 2008 at 22:09:22:

Here is a Short list:

Buy at 50-60% LTVs HOW? preforeclosure and REO dumping by banks.

Know your exits You must have more than one… If you buy it can you rent it with positive cashflow if not then PASS because appreciation is not the game at the moment Buy Cashflows or do not Buy!

Exit 2 retail some one else posted sell at 90-95% of fmv WHy… Prices are softening and inventories of homes are rising nationally… this mean you better look better and be cheaper than the one down the street.

Success in FLIPPING in this market is spelled DEAL

It has to be the Best at the BEST price or it will sit and sit and sit 9.9 months of inventory on the market right now in most markets…that means nine mortgage payments eating into you profits. cut to the chase and take some money off the table… book your profit and trade again.

You have to “buy” right and have both a sale side and a rent side exit… Many folks in preforeclosure are walking away for equity in markets that have not tanked… You can capture that equity in a subject to transaction… Search the archive…for more

if you do you will be fine and yes Sailor and the others are correct spend about 3 weeks reading the archives and you will find many answer to your question and find questions you do not even know to ask yet.

Buy cashflows or do not buy VERY SIMPLE …keep posting even if silly the worst question is one not asked…Unfortuntely many of the pros get tired of this board with newbie questions being repeated over and over and truly maybe it is time to put an area together that only Pros can access if they seem bothered. But I understand for many it is there first time to read the board and they do not know to search the archives.

Buy cashflows or do not buy Very very simple in this market!

I post when I have time and many times I learn alot from responding to simple questions.

Re: What strategy is working best right now! - Posted by LK

Posted by LK on April 22, 2008 at 20:23:41:

Sailor is right…if you don’t ask a specific question; you will not get a specific response.
Buy at 55-65% FMV and sell at 90-95% of FMV is a good response to your question but probably not with all the answers you are seeking. I searched hours and hours on this forum and discovered a wealth of information from the people that have posted good, solid information over the years.

It is ashamed this forum now seems to get so many silly questions and responses from “anonymous” posters using fictitious emails.

Re: What strategy is working best right now! - Posted by bobby

Posted by bobby on April 22, 2008 at 19:35:07:

buy low, sell high…works in any market, especially now.

Re: What strategy is working best right now! - Posted by Sailor

Posted by Sailor on April 22, 2008 at 14:55:25:

The Archives are rich in posts like this. I recommend you do a lot of reading there & then come up w/good specific questions that show you have done your research.


Thoughts on cashflow - Posted by Ed in Idaho

Posted by Ed in Idaho on April 23, 2008 at 09:50:17:

If it is OK, I would like to submit a thought about ‘cashflow’ that I’m sure isn’t new, maybe just forgotten.

I would seriously like to believe that 99% of all properties will ‘CASHFLOW’!

It all cashflows but it comes at a price. That price is always your time and a percentage of the purchase price, anywhere from 0% to 100%. There are many, many, many properties out there that if you put a chunk of change into, would cashflow well.

I know everyone wants to buy a property with no money down that cashflows from the get-go, but I’m sure that many of the seasoned investors who are still buying rentals have much more opportunities available to them because they understand that sometimes, to make a desirable property cashflow, a down payment is needed to make the numbers work.

And I’m only saying this because it may get some more of us ‘newbies’ thinking in terms of formulas and numbers. We each have a formula involving ‘down payment’ that we can use. If for example you have the ability to put down $10k, you would look for houses that cashflow at the cost of your time plus $10k down.

Shoot holes in my thinking if this is not a good thought. How many people actually make a living off of buying nothing but cashflowing property with no money down? I’m leaning more towards something like…re-habbing and flipping until I get enough ‘bank’ to make a great property in a great location cashflow. I guess I’m looking at this as a tool I could use to diversify my investing, because I like the Jimmy(Austin) way and I do ‘Lonnie Deals’ also. If these were offset by great rentals, I think I would be more covered in case certain things went bad.

Anyway nobody talks much about ‘making a property cashflow’ and since this web site is so helpful for everyone from every level of investing, just thought I’d try to open up a can of worms. Thanks ED

oh just maybe you missed it - Posted by Kenneth Hocking

Posted by Kenneth Hocking on April 22, 2008 at 22:11:59:

Buy cashflows or do not buy!.

If it rents for a profit it will surely sell for a profit…

and you’d be surprised - Posted by michaela-CA

Posted by michaela-CA on April 23, 2008 at 06:35:40:

if you were to find out who some of the ‘aliased’ posters with the mean comments are. Someone I know is showing one face and posting just occasionally under their own name and then attack others (People that they act completely differently with under their own name) under various aliases. If you knew them you could actually tell which posts are theirs. I doubt that most of their friends have any idea how two=faced that person is and how they speak about them behind their back.


Re: What strategy is working best right now! - Posted by Jack E

Posted by Jack E on April 22, 2008 at 16:38:48:

Not a very good answer.

Re: What strategy is working best right now! - Posted by Sailor

Posted by Sailor on April 22, 2008 at 19:28:42:

Hmmm, I wonder why, 'cause I just gave a detailed response to a similar question just a coupla days ago.


Its a great answer - Posted by Rich-CA

Posted by Rich-CA on April 22, 2008 at 16:45:36:

A lot of those who have posted the same answer over and over and over are increasingly less likely to either post or post in as much detail as the previous times. If you want an answer and it has already been given, why would anyone expect others to do the legwork for them when they have not even read what has already been said?

How far is up? - Posted by I Agree

Posted by I Agree on April 22, 2008 at 16:53:22:

Could someone here write a book for me so I don’t have to work to find that answer?

Thanks, my time is worth way more then yours…