All Forum Posts by: Ben Mandelstein

@Account Closed  If you are young and want to learn what it takes to syndicate a smaller deal (around 50 units c+ or b-) say 5-10 years into the future, what actions should you start taking now to learn the skills necessary to have a chance in the future. 

I am buying my second multi-family now and have a lot of friends doing the same thing. I would like to syndicate a smaller deal in 5-10 years but how should I  be learning now and what actions should I be taking?

It does show the lease on the MLS. My realtor thought it was sketchy to. We are asking for a credit towards closing cost.

Thank everyone for all the input! Glad I joined the bigger pockets family. 

If you can find a property that has a good cash flow then just hold onto that property until the market restores after the correction. You will be able to collect profit all of those years and the value will return at some point. 

Look for areas that will gentrify in next 10 years. Even if there is a market correction some areas wills till go up in value.

Thanks for all the information. I do have an agent now but my agent was out of town so he wasnt there when I saw the property.

I do still want the property but I am trying to renegotiate the deal based on things I found in the inspection.

Lesson learned I need to get the lease in the future.

To be honest the rent doesn’t really bother me I just don’t like the fact it feels like she tried to manipulate me.

Hello Everyone,

I am fairly new to real estate investing and bigger pockets. I am in the process of buying my second property in Texas. The property is a duplex and when I first saw the property the listing agent only showed me one side but told me that the other side is rented out at $850 a month until the end of September. 

I made an offer on the house and came to agreement with the seller but then once I was under the option period(Something we have in Texas) I got an inspection. When I saw the other unit that was supposed to be "occupied" it was completely empty and showed no signs of anyone living there anytime recently. This was just a few days after the listing agent told me it was under a lease tell the end of September. 

Is there anything she did illegal or anything I should do about this? Unfortunately I never got it in writing but it seems like she was purposely deceiving me.