#distressedasset

[certaincollections]

How Distressed Assets Could Be Your Ticket to the Best Real Estate Deals -

The following is adapted from Creative Cash by Bill Ham (author), Gino Barbaro (contributor), Jake Stenziano (contributor). If you’ve been in real estate for decades or are just starting out, there’s one truth I’m sure you know well: it’s hard to find good deals. When you’re using creative and seller financing (CSF) to close deals, there’s another wrinkle […]

What is a Distressed Asset?

The term “distressed asset” can refer to many things including:

Deferred maintenance

Low occupancy

Bad management

Units that need to be rehabbed (multifamily)

Bad tenant base (large number of non paying tenants)

Exterior building damage

[certaincollections]

How Distressed Assets Could Be Your Ticket to the Best Real Estate Deals -

The following is adapted from Creative Cash by Bill Ham (author), Gino Barbaro (contributor), Jake Stenziano (contributor). If you’ve been in real estate for decades or are just starting out, there’s one truth I’m sure you know well: it’s hard to find good deals. When you’re using creative and seller financing (CSF) to close deals, there’s another wrinkle […]

What is a Distressed Asset?

The term “distressed asset” can refer to many things including:

Deferred maintenance

Low occupancy

Bad management

Units that need to be rehabbed (multifamily)

Bad tenant base (large number of non paying tenants)

Exterior building damage

[certaincollections]

How Distressed Assets Could Be Your Ticket to the Best Real Estate Deals -

The following is adapted from Creative Cash by Bill Ham (author), Gino Barbaro (contributor), Jake Stenziano (contributor). If you’ve been in real estate for decades or are just starting out, there’s one truth I’m sure you know well: it’s hard to find good deals. When you’re using creative and seller financing (CSF) to close deals, there’s another wrinkle […]

A Distressed Asset Increased My Net Worth by $500,000

In January of 2010, I bought a 27-unit apartment complex for $240,000 (all with private money). Four units were occupied and the property needed about $300,000 for total rehab costs. The day after I completed the repairs, the property was appraised for $500,000 more than I had invested in the project. I had used some creative ways to get the renovations done, too.

My net worth increased by $500,000 because I did this project with someone else’s money. Then I refinanced at a bank and returned money to my financial backers plus interest.

[certaincollections]

How Distressed Assets Could Be Your Ticket to the Best Real Estate Deals -

The following is adapted from Creative Cash by Bill Ham (author), Gino Barbaro (contributor), Jake Stenziano (contributor). If you’ve been in real estate for decades or are just starting out, there’s one truth I’m sure you know well: it’s hard to find good deals. When you’re using creative and seller financing (CSF) to close deals, there’s another wrinkle […]

Because if a property is up and running and making tons of money, why would sellers finance it to you? They probably wouldn’t. They would just sell it on the open market to a qualified buyer.

This means you need to find deals where you can create value for the owners and for the property. You do this by solving problems. So, you actually want to look for distressed assets so you can swoop in and offer serious value by solving whatever problems they have.