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What to Do with Negative Cashflow Deals | The Kevin Choe Show Ep. 6
Manage episode 487651099 series 3670519
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In this video podcast, Lorraine and I discuss what to do with subto and seller finance deals that don't cashflow. We share their experience of selling over 100 non-cashflowing deals and provide advice on how to handle these types of deals. We discuss the importance of considering location, HOA restrictions, and zoning laws when evaluating a deal. We also highlight the different types of buyers who may be interested in non-cashflowing deals, such as those looking for tax depreciation, building a portfolio, or a homestead. We also cover various lists that wholesalers can target, including foreclosure, no equity, and recently refinanced lists!!Takeaways:-Consider location, HOA restrictions, and zoning laws when evaluating non-cashflowing deals.-Different types of buyers may be interested in non-cashflowing deals, such as those looking for tax depreciation, building a portfolio, or a homestead.-Target lists like foreclosure, no equity, and recently refinanced to find potential deals.-Provide as much information as possible when submitting a deal, including CCNRs for HOA properties.
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