Listed below are some steps I am completing to finding the right investment to reach my goals. I have been knocking on some doors trying to figure out building and owner information. If anyone has any input on clever ways to find this information it would be much appreciated.
1) 1 -Make a list of all 6 ` 36 plex`s in the purposed area of investment.
2) 2 -Prioritize listings to the relevance of my investment goals.
3) 3 -Find out if a single person or cooperation owns the property.
4) 4-Contact potential sellers.
5) 5 -Find out what the potential seller wants out of the property. (What will motivate the seller and what will motivate me)
6) 6-Figure out strategies that the counterpart would possibly accept based on situation and motivation (example from Thomas above get a 65% LTV first mortgage and 30% from the seller for 5 years and 5% down)
7) 7 -Categorize my creative interests and invent an option for everybody`s mutual gain.
I understand that every potential seller has a different situation. Dealing with these people in a manner that is professional and rewarding may be a challenge for a new investor like myself. (fake it until u you believe it)
I have also been exporting searches of
www.BCassessment.com which comes in handy for analysis of properties. I am wondering if anyone out there uses
www.mylandcor.com I have never used it but have heard it comes in handy for past 10 year sales history and property leans.
