All Forum Posts by: Christopher Salazar

If the realtor is truly a good one, they will understand. You have to make sure the deal makes sense for you. You're not running a charity. I always go with my gut and if the deal doesn't feel right, I walk away. Make sure to fully explain the situation to your realtor if you do walk away, and stress how much you appreciate their accommodations. 

I recently faced this same situation on a 24-unit building. We had all the pieces in place and the only step left was walking the units. After the walk through, I felt the repair costs were going to be too high and my gut told me to pass if I couldn't get the right price reduction. It was hard to break it to the agent who was very generous with his time, but I explained my situation and he eventually understood. 

Great execution across the board! Congrats!

Hey Ryan, good for you for getting started so early. I started early and I definitely advise people to get started early as they can. Under your circumstances, I would definitely look in the midwest. Qualify the market first before you start looking for deals. Look at economic indicators such as employment, basic supply and demand, and diversification of employment. When buying a SFR though, it's not as important as if you were looking at a multi-family property.

I currently do well investing in the Quad Cities and am looking to expand into other markets across the Midwest using the same business model. As long as you have decent credit and W-2 income, there are local portfolio lenders that charge reasonable rates. Getting a mortgage on a rehab project wouldn't be too difficult. Feel free to reach out if you'd like to discuss more. 

Best of luck!

I would be interested in being a member of this group. Please keep me in the loop as well!

Hi Alex, send me a dm. I have someone you can contact. 

@Chuck Noyd Hi Jennifer, I own a portfolio of rentals and I have done several flips as well. Feel free to contact me if you'd like to talk more. Thanks!

This is a hypothetical question which I'm asking because I'm curious how people think. I am in a smaller market in Davenport, IA and surrounding cities also known as the Quad Cities. The total population is around 400,000 people. The median SFR retail purchase price ranges from 80-110K. It is currently a seller's market, with a high demand for quality investment deals. Many of you invest in very similar areas, so this question is for you guys. There are many ways you could answer, so I'm interesting in reading the responses.

How would you invest $1M cash to grow your portfolio as quickly as possible? What systems would you have in place to scale the business? How would you leverage all your assets (tangible and intangible) to build an empire? 

I am pretty active in the marketplace and know a few solid realtors. I have some good recommendations for PM companies as well. Are you looking for deals in the QCA as well?  @Jeremy B.

Do some research on this site before you start asking questions. I bet you will find anything you are looking for plus more if you spend some time. 

That's great to hear. For most, fear of failure overcomes the opportunity to achieve. Congrats on your first property, and I wish you many more!