New Investor Frustration

[John Maynard]

I’m starting to find it kind of frustrating that trying to find a deal it’s like finding a needle in a haystack. I shouldn’t have to bring in partners to buy a simple multi family. Sometimes I think real estate investors are trying to get other new investors to do creative financing for something that they didn’t have to do creative financing for two years ago. I don’t think I should have to make no money for two years for athree unit.

[John Maynard]

@Todd Rasmussen I knew it was going to be hard to find the first deal. I'm surprised though when I'm trying to get a deal done with another investor and I'm told that I have to get creative because no one wants to negotiate. I find it strange. I'm in the Upper Valley of New Hampshire-low income and rough, but I know this area very well. Cash flow is king and that's the problem. I run the numbers and of course the selling investor doesn't consider vacancy, maint., or capex....so they make it seem like I'm going to make a decent cash flow when in reality it's nothing.