All Forum Posts by: Benny Morfas

@John Fortes Thank you so much John. It means a lot for the well wishes and even better advice! I was already planning on doing my due diligence and you make a really good point in making sure the syndicator is arguably more important than the deal itself. I appreciate your message

@Alina Trigub Thank you for those tips and replying to me on here. I appreciate you offering a helping hand!

Hi everybody! I am looking for a property to invest my money into an apartment building or mobile home park. Since I'm temporarily limited physically and don't want to wait until I'm better, I was hoping to be a passive investor but have no idea where to go to see if people need a passive investor. Can someone point me in the right direction? Thank you so much!

@Kris L. I appreciate everyone’s input!! I’m not sure how to tag everyone or do a reply all but you all have really put it into perspective for me. Thank you!

@Anthony Wick thanks everybody for your advice. It’s really great to take this all in coming from people who know what they’re doing way more than I do! I didn’t realize so many things until everyone brought up great points.

Hi everybody!

I thought I’d turn to the forums because I saw an interesting deal, but there’s some red flags.

Since I’m relatively new to real estate, I’m hoping some more experienced people can guide me in the right direction.

I found a deal for a 4-plex out of state listed at $39,900. It’s been on the market since January 2019 so I feel like it could easily be bought it for around $25-$30,000 or even less. The property details list that each unit rents for $475/mo. It sounded too good to be true.

Here come the red flags. It’s in a class D neighborhood and supposedly one of the most dangerous areas in the state and the property is in “distressed condition.” I know that it’s highly advised against investing in class D neighborhoods.

If somebody could give me some advice on what to do I’d highly appreciate that! Thanks so much!!

@Michael Sato thanks Michael I appreciate it!

Hi everybody! My name is Benny and I am brand new to this site. This is my first post so hopefully I’m doing this the right way lol. I have read a couple BiggerPockets books and watched multiple podcasts for the past couple months but finally joined the site yesterday!

I’m from the Los Angeles area (the SF Valley to be specific) so this area is not too ideal to start out as a brand new real estate investor.

I actually got in a bad basketball injury and I’m currently in a wheelchair for most likely the next year. Therefore since I can’t travel I’m looking to connect with as many people out of state in order to pursue 2-4 unit multifamily properties!

I have some finances which is most likely the best thing I bring to the table since I can’t physically be at the property (for right now), so if anybody is willing to connect please feel free to reach out!

I look forward to meeting a lot of like-minded people that are just as passionate about real estate as I am!!