2 years ago no one would touch a Condo (myself included!)
But with inventory so low and demand so high investors are starting to buy cash flowing Condos! We have concentrated our efforts in certain areas and in Condos where the HOAs are reasonable and their financials are strong. 60 days ago we wholesaled a package of 6 followed by a package of 8.
Fellow DGers, you might want to see if their is demand for Condos in your area!!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Way to go Michael n Deb !!!!!!!!!!!!!!!!!
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
Need me to FINANCE a home ? http://www.jaysrenttoown.com
CHECK OUT MY JOURNAL http://www.deangraziosi.com/real-estate-forums/investing-journals/20063/...
so cool man I am in downtown San Diego as you know and nuthin but condos here. Some of my buyers do buy condos but am going to amp that up now you inspire me! way to go.
incidentally how much did you make on that?
Tony
Go faster do more! GFDM!
Be creative, THINK outside the BOX.
It doesn't matter if its condos, houses, mobile homes or land there's profit to be made.
Cash flow deals SELL Fast.
You gotta love bulk sales!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
I looked at condos I wanna say around yr half ago because they surround our lake here and I thought it would be a hot area, it wasn't. Never looked back, maybe the market has changed I will have to take another look.
Thanks
Aaron
Thanks! Of course we are still wholesaling SFHs but this is turning into quite an interesting little niche!
Thank again,
MIchael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
We averaged $2500 a unit so over the last 60 days we made $52,500 working this little niche. Got an awesome fix/flip going in Tampa Fla. Too. Also wholesaled 7 SFHs during that 60 day time period.
Deans stuff is the best by far!! I am so grateful to know him and to have learned his techniques.
Praise God!!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Always thinking outside the box! Sold another Condo today! Made $3,000 on this one.
Thanks,
Mike
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
very nice!!!
You are so right about no one wanting to touch a condo a couple of years ago... same thing has happened here in bay area since prices of sfh have gone up so much...
thanks for sharing your golden nuggets!
Val
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Thanks for the inspirations an for sharing this great tip! Looks like your doing outstanding! Keep rocking!!
I am a Professional Real Estate Investor! And I see a whole army of my countrymen, here in defiance of the J.O.B. You've come to fight as free men/women... and free men/women you are! What will you do for that freedom?? Will you fight?!! Lets fight for it together!!!!
You are crushing it Mike. Good Job
Reynold Orozco
Yes, do some checking and take action before everyone jumps on board.
God Bless,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
nice Michael man those numbers of deals the $ made is so inspiring. I am rewatching 4 weeks & making sure to implement all that Matt tuaght this time.
Awesome Michael I want to have wholesaled by next Edge 15 deals.
Tony
Go faster do more! GFDM!
Hope all is well! We got another Condo under contract today and have two buyers going out to take a look in the morning. I think this trend is going to spread to wherever inventory is low!
Thanks again,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
My partner and I started looking at condos in March and have been doing very well. We actually found a really big unit we're fix and flipping, closing is tomorrow! I remember when I started in 2011 I thought you couldn't wholesale condos. HA! What was I thinking!
Adam Macias
Thanks for the kind words and keep up the good work!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
This is awesome Michael, congrats! Luckily inventory here in Indy is strong enough, but I may look at some with my partner in the Fresno county area. Keep up the awesomeness!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Congrats Micheal on a job well done but may I ask what are the steps one should take to do this is there area I would even like to get one for myself beings that I rent now?
Thanks for any help!
Tony
"With God All Things Are Possible Matt. 19:26"
"Give a Man a Dollar he's Rich For The Day, Teach a Man To Make a Dollar
He's Rich For Life" - T. Grant
Hows it been going since the EDGE? Saw you on Dean's webinar. You are on the right path that's for sure and Thanks!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
way to get it done.
WALT
Thanks and hope you are doing well!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks and keep up the good work!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Michael, way to go buddy. Where are you finding all the leads if you don't mind me asking?
John Trivett
Doing fantastic Mike. Made $10,600.00 on a wholesale deal today. It was 2929 Sheridan Blvd. Can you believe that? Anyway, I'm not too far from you Mike! ha ha
Adam Macias
The process is really no different than what we do on Single Family Detached. The one major difference is the HOA and their financial condition and the condition of the property.
Good Luck!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
We do a lot of mailers in our targeted area.
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Good work. Tell John I said hello. Doing a webinar this Thursday at 7:00pm. Register at the link below.
https://attendee.gotowebinar.com/register/6071548657438131457
Talk to you soon,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
very nice I am offering on condos now townhomes too as well as single fam since the inventory is so tight, just like Denvers very similar market.
Adam you are rocking it! way cool man!
Tony
Go faster do more! GFDM!
Keep an Eye on the financial condition of the HOAs and their monthly charges.
Good luck and God Bless!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Is anybody doing any condos in the Central Ohio area? Westerville Worthington areas my preference.