All Forum Posts by: Nick Button

David, What you"need" greatly depends on what you are going to do after you sell the property.  

What do you do for a living now?

Are you going to flip more houses? If so, how many are you aiming for per year?

Are you planning to parlay into different assets?

Are you planning to build a branded, recognizable company for property acquisition purposes?

HI @Jesse Houser, It really comes down to what you goals are and how you think you can get there. I consider REI to be the get rich for sure method or retire prepared for sure model. The most attractive thing about REI to me is control. If I need to get in there and manage a problem I can and I don't need too many special skills to do so. I decide what needs to done to make the property sing money. Leverage. I don't need to be all cash to purchase and control property. And finally my favorite thing is....My property will never go to zero in value. I invest for fun (I enjoy making money) and to retire prepared FOR SURE. Hope I have helped. Let me know if you want to discuss some of these points or any others in detail

Hi @Sharon Tseung and @Peter Li and All, We invest in a couple different markets in the Midwest.  We are feeling cap rates compress and home prices sky rocketing too. Having boots on the ground is crucial. A few things we pay close attention to: 

Available quality of property management (Good management is hard to come by sometimes on small MFR or SFR)

Having the resources/flexibility to overcome market stress due to neighborhoods/areas that are shifting (Many cities are building a lot, this means some areas are experiencing big shifts in quality tenant base.  It can be difficult to understand which areas will see their older residents move out and what tenant base will move in.) .  

And being careful of hitching your wagon to various inexperienced players. Everyone wants to be a REI. There are a lot of new players/service providers /agents/managers, etc. Many Coastal regions are so strong that everything makes money. The Midwest may not be quite so forgiving.

I hope I have been helpful

Hello Jesse,  Do you have deals in IC also? Maybe we could get lunch and look at what you're working on?

I am interested in your project.  Please pm me with more details

I am interested in this project.  Please pm me