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All Forum Posts by: Cassandra Sifford

Cassandra Sifford has started 37 posts and replied 374 times.

Post: New investor in Wilmington, DE

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Edward Schryver you're very welcome and thank you!  2020's gonna be something AWESOME!!!

Post: New investor in Wilmington, DE

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Edward Schryver  Welcome to BP! I'm still considering myself a newbie to investing as I have a property in New Castle.  I've made some connections with people in the City of Wilmington as the revitalization plans are in my areas of interest.  If there are any questions you may have, please let us know!

Happy investing ... Cassandra :)

Post: Mentorship - How Much is One's Time Worth?

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Jay Hinrichs  Yes sir!  

Post: Mentorship - How Much is One's Time Worth?

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Mitch Messer  Thank you for breaking down the differences!  That made everything very clear.

@Jay Hinrichs My partner and I thought the same thing.  We didn't want to give too much and he would have accepted so much less.  

@Chinmay J.  During our initial chat, we all spoke about our personal lives, our why and where we want to go for the future.  

@Shiloh Lundahl  Thank you for your breakdown and lesson.  Your friend of the family was still in his younger days and had some growing to do before he could appreciate the knowledge you were trying to provide.  We all must crawl before we walk and I'm sure he sees the lesson 

UPDATE: I spoke to him again yesterday for another 25 minutes so I could know if this was a coaching or mentoring type of relationship.  He said he's available for whatever our needs are.  Our "good faith offering" could be something small and he said he would not be offended, but just wanted to make sure that we were serious.  I don't mind an offering to be mentored or dropping him some money or a gift from time to time for his help along the way.  He's already given us two assignments to work on before we connect again this week by phone.  When the possibility of coaching need arises, he said he'd be happy to help in any way and that he'd structure it for coaching and let us know what his fees are.  I don't feel that he's trying to take advantage of us.  We just needed some simple clarity.  Goodness knows in this business time is money and I would never waste anyone's time.  I'm passionate about my future and what real estate can do for me and my family.  With that said, I'm looking forward to working with him and seeing where things go ðŸ˜Š

Post: Mentorship - How Much is One's Time Worth?

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

Hello and HAPPY SUNDAY BP!!

My partner and I went to an awesome meetup in Philly. The speaker was a multifamily investor and has been in the business for a number of years. He offered so much content in the two hours he was there so we walked away even more excited for our investing futures! He offered himself up as a mentor to those who are serious about getting into multifamily. We scheduled a call and talked for about 45 minutes. We let him know that we were game for him mentoring us and that we understood his time is a valuable commodity. He didn't give us a fee, but said send me something as a good faith payment to let me know you're serious 😳 We dont want to offend him. My question is, what fee did you give your mentor?

Any advice is greatly appreciated!

Post: How to handle double Probates?

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Davido Davido Thank you for checking into it! I found that info as well, but was hoping there's some other way around it.  I guess it it were, there would be less vacant properties smh

Post: How to handle double Probates?

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Davido Davido  Your comment has piqued my interest in a local vacant property where the owner passed away about 2 years ago.  I've been trying to get in contact with the family, but no one is calling me back.  My last step is to stop by the property of his daughter to see what's up with the property.  I looked up the Adverse Possession Law in DE, but I don't feel that it will work in my favor as there are quite a few requirements that would not work in my favor. I'll reach out to my RE attorney and get her thoughts.  Thank you so much for the comment and for getting my hamster wheel churning down another avenue! 

@Charles Willie Harris  Thank you for the post!

Post: Financing options for Small Commercial Multifamily homes

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Owen Trinh Sure thing ðŸ˜‰

Post: Financing options for Small Commercial Multifamily homes

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

@Owen Trinh  That could be a good option.  I'm new to commercial so I've got to look at the deal closer.

Post: Already own a home, low on cash and want to buy a rental.

Cassandra SiffordPosted
  • Rental Property Investor
  • New Castle, DE
  • Posts 376
  • Votes 158

I got into investing using a HELOC on my primary residence. I think it was a good investment as I too was low on cash, but wanted to get into investing.