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Would-be investors always want to know ways of getting into real estate with limited cash. Regular people interested in real estate investing may be put off by the idea that real estate investing relies on huge cash reserves or access to capital. They may wonder how they are able to become an investor on a limited budget.
Enter Todd Hutcheson
A native Floridian, Todd has been an active investor in Florida real estate since 2001. His firm, ibuyhomes.com, is a nationally ranked wholesaling platform connecting buyers and sellers close on deals all over central Florida. Todd lends his wealth of experience to several investor resources, like real estate investors associations (REIAs). He is a current board member and president-elect of the Central Florida REIA.
He is helping people discover that getting into real estate with limited cash is doable through strategic marketing, networking and continuing education.
Getting Into Real Estate with Limited Cash
Wholesaling Done Different
- Marketing-based strategy
- Find motivated seller, put houses under contract, assign contract to investor
- Get paid on assignment
- Close in 8-10 from signed contract
- 100% cash-buyers
Investor Advantage
- Wholesaling helps investors find unlisted properties
- Some investors don’t have marketing prowess and need help finding deals
Minimizing Risks with Wholesaling
- Reliable tool of cash-buyers to lessen risks
- Investors with proven track record of deals more likely to close
Marketing & Finding Deals
- 60% of leads through ibuyhomes.com
- 30% of leads from new investors
- 10% of leads from selective direct-mailings
Central Florida Recap
- Hot market
- Lower-middle class neighborhoods seeing high price indexes
- Pine Hills & Deltona
- $120-130k for SFRs, $850-1050 for rents
- Buy-and-hold investors may see tightening, wholesalers not affected as much
- Out-of-state and foreign investors wanting to buy
- I-4 corridor is key barometer for state markets
Other FL Markets
- Cape Coral
- Gainesville – strong multifamily development rise
Resources and Tips
- Join local REIA
- Continuing education is key
- Keep looking for deals and making offers
- Robert Allen – Nothing Down for the 90s
- Ron Legrand – Fast Cash With Quick-Turn Real Estate
Contact
Want to know more about getting into real estate with limited cash? Email Todd: todd@ibuyhomes.com
Visit www.ibuyhomes.com or call (407) 617-4289 for any other questions
Central Florida investors, visit CFRI‘s website for events and news.