All Forum Posts by: Benito Sifuentes

So you want to crowdsource for information for markets. My question would be how would you be able to get enough data from a particular market? That becomes a bit harder because now you have to reach out to property managers or owners to have them tell their tenants to participate in your app and then you would have to pay the owner or the property manager money to give them as "credits" right.

Your best bet if I was planning on doing something like this is to utilize resources that are openly available to you through free APIs so you don't have to worry about paying anyone. There are plenty of sites ran privately and by our government that gives you city data. I would hit them for each market you're interested in and then aggregate them into a single data source that you can view and determine if that market is worth investing into.

Is it legal? As Darth Sidious once said: I will make it legal

But yes, my mom has been a property manager my entire life and there has always been a plumbing policy in the leases. Just ensure your tenants know that it's in there. 

@Jennifer Soelberg lets connect and maybe I can schedule some time with your dad about getting my business setup!

As a developer this is a pretty interesting idea, but I think it would be difficult due to the fact that as @Johnny Kang is that RE is pretty local. The best thing that I could really think of that you could do is to access the MLS. Unfortunately there is no public API for the MLS due to the fact there is no nation-wide MLS but more local MLS information. Your best bet would be to hit a third party API that does the majority of the work for you. I think Zillow is the only one that does have a public API that you can hit. Then it's more refining and shifting through the data to see which properties fit your criteria, and if a property does you can then get the neighborhood data and just keep refining and shifting through your data and see if any actually fit.

Hello everyone, still pretty new to REI and was planning on tackling investing on my own, but it turns out my immediate family (mother, and brother) want to go in as partners with me. My brother is a broker, and a pretty great at maintenance, and my mother has been a property manager since I was a kid. We figured out that we all bring a different talent and skill set to the table, but we want to start a business for our REI. How I picture it would be set up is that the three of us would be board members hold equal shares in the company and ultimately make the decisions on the company itself. I know my cousin wants to join in but mainly as an investor not necessarily apart of all the big business decisions, and also having four board members doesn't seem wise in case we end in a tie. At least at three there will always be a decision made and not a tie.

So my question would be how would I go about setting something like this up? An LLC? Who would I want to talk to in the state of Washington do ensure the company is set up properly?

Thanks in advance

Great job and nice profits too!! Keep it up!

60% return every month must have been really nice! Congrats on your success!

Welcome to BP! 

Awesome job! Congrats on your flip! Also those are some awesome closet doors!

Sorry I should have been a bit more specific it's been a busy week at work with new projects, and a grand opening. I am currently looking in the greater Seattle area. @Timothy Tooker I will be sure to reach out to you tomorrow during some reasonable hour.