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All Forum Posts by: Cameron McNulty

Cameron McNulty has started 10 posts and replied 61 times.

Post: Can REI even be a career?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Paul Moore Thanks for your reply. Your second point about capital acquisition interests me. How do you recommend someone getting capital raising for others?

Post: Can REI even be a career?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Bryan Balducki

Thanks for your reply. I should have been more clear in the aspect of the homeowners side. What I meant by that is the traditional real estate team, working with people buying and selling homes. 

I’m familiar with Wholesaling, can you explain what you mean by helping people with syndications? 


Post: Can REI even be a career?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

Hello, thank you for taking the time to voice your opinion.

My name is Cameron, I’m 22 years old, I come from a real estate family that consisted of brokers and agents. I can confidently state that real estate is in my blood (weather I like it or not). I have experience in managing large multi family apartments and the leasing of them, however that part bores me as I’m a big picture thinker and managing tenants makes my head spin. 

My question to you all is as follows: If I’m not interested in taking the traditional route of becoming an agent/broker, nor take much fancy in the homeowner side of real estate in general. Where can I go? Weather it’s traveling and visiting potential acquisitions, or simply being apart of a small team of investors that are on the come up, How can I make a career on the investing side of real estate? 

(P.S I’m looking for a change if you can’t already tell) 

Your opinion is appreciated. Thank you,

Cameron.

Post: Withdrawing a lease from a future tenant

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56
Originally posted by @JD Martin:
Originally posted by @Cameron McNulty:

I'm confused as to why people are telling you wait until the unit is vacant before re-leasing, That's ridiculous. I worked in the apartment leasing industry and can tell you that as SOON as that tenant gives their 60 day notice, that apartment IMMEDIATELY goes back onto the market. We had similar instances occur where the tenant tries to pull their notice due to personal reasons. Hate to be a big bear but.. Tough ****. Don't let potential issues of your current tenants take money out of your pocket. The first reply on this thread is correct.

That's a very fair response, JD. Personally, it never happened where I was, even for those tenants who had similar dilemmas with trying to buy homes but to no prevail. My questions to you is, whats the alternative? While there is no guarantee a tenant will leave like you mentioned, as a prospective tenant, I would find a landlord telling me "well, I cant give you a specific date for move in" very concerning. This is a classic "What if?" scenario. I think this is a best case scenario as a landlord, since as mentioned before, no person trying to buy a home wants an eviction on their profile. 

Marketing, sure. Actually leasing for a specific day? Well, what did you do when the tenant told you "tough, I'm not moving?" Did you tell the new tenant to wait in the hallway while you got a couple of goombas to toss them and their stuff out onto the lawn?

The pandemic should have taught everyone you don't have anything until you've actually got it. There are holdover tenants, no pay and no eviction order, all over the US still - look around this site and you'll still find landlords trying to get people out a year or more in. 

Post: Withdrawing a lease from a future tenant

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

I'm confused as to why people are telling you wait until the unit is vacant before re-leasing, That's ridiculous. I worked in the apartment leasing industry and can tell you that as SOON as that tenant gives their 60 day notice, that apartment IMMEDIATELY goes back onto the market. We had similar instances occur where the tenant tries to pull their notice due to personal reasons. Hate to be a big bear but.. Tough ****. Don't let potential issues of your current tenants take money out of your pocket. The first reply on this thread is correct.

Post: What’s the deal with Ohio?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Hai Loc

Glad you will be getting money back.

Post: What’s the deal with Ohio?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Wale Lawal

Interesting

Post: What’s the deal with Ohio?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Daniela Andreevska

Very in depth. Thank you

Post: What’s the deal with Ohio?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Hai Loc

Have you lost $40k in delinquency?

Post: What’s the deal with Ohio?

Cameron McNultyPosted
  • Minneapolis, MN
  • Posts 61
  • Votes 56

@Brianne Leichliter

I’ll take you up on that offer