All Forum Posts by: Danny Jimenez

@Jaron Walling / @Andrew Hogan / @Brock Mogensen

Thank you all for the feedback.

I will go ahead and make sure I reach out to a attorney who is knowledgeable in REI to draw something up where my partner and I can feel secure going forward with any deal.

Appreciate the responses! 

Hello all! Got a quick question!

Has anyone had experience partnering with someone using their credit / W2 job and you did everything else? (Finding the deal managing the rehab/property management etc). if so, how did you find success in making a fair agreement between you two? Split equity? Split cash flow? And lastly, how could you best protect yourself against an unfortunate event where they no longer want to be in the deal say a couple years down the road? Thank you!

Welcome Mark!

Seems like you have a pretty thought out game plan and financial foundation to back that up.

I myself am still new but have found plenty of awesome people here on BP.



if you ever have questions feel free to reach out to myself or make a post on the forums and you’ll find quickly that there are many people here who are supportive on any questions you may have.

Best of luck on the journey. Keep us posted!

Hello BP!

Currently looking for agents in the KC, Columbus/Toledo OH area.

I am looking to BRRRR invest with cash and would like to get plugged in with some local folks.

Any Help is appreciated, feel free to PM me as well! 

@Max Gradowitz

Hmmm I never bothered checking in Ca up north.

ill take a look at those areas to see if they fit within the current budget I have for an all cash buy.

@Frank Rodrigues Nice! ill send you a PM shortly!

@Dan Portka no way! congrats on current contract!

That seems I might try out to get started on combing through markets for potential deals.

If you don't mind, Ill PM you shortly!

Hey @Chris Levarek

Thank you for for listing a couple of resources to find some locations.

Ill be using your link to help me focus in on some markets and see if they fit what I am looking for.

And I'm also open to checking out the other Blog as well. 

I will PM you shortly! 

Awesome! 

I plan to be there with my S/O for my first meet up.

Looking forward to meeting you all Charles! 

Hello BP,

I am from California and looking to take advantage of the higher wages here in LA to invest in out of state properties.

The problem I'm having is how to decide WHERE that will be done?

How did some of you decide where you eventually bought property?

I am looking for buy and hold properties but also would like to utilize the BRRRR strategies to help raise capital quicker to eventually pour them over to rentals.

Any response / help will be appreciated.

Thank you!!!

@Jay Hinrichs Hello Jay, thank you taking your time to respond to my post. 

I figured looking for an agent who is local in the market I'm looking to buy in would also be a crucial person in my REI team.

Can I get a bit more context on the Vegas example? Is the broker only their to place the tenant and everything else would be done by myself (in your case your daughter)?

Thank you!!

@Doug Spence Whats crazy is I literally was about to buy the books but decided to check on BP forums real quick to chop it up with some folks and I see this recommendation! Now I for sure plan on buying them today.

Thank you for your advice! 

@Andrew Syrios Thank you for your response.

Great to hear that it is able to be done. The people I know who have tried it keep telling me not to do it but I just believe its the systems they had that failed them so I'm trying to make sure I hit all the marks before diving in.

@Rebecca Knox 

Ah nice to know someone who gets see this first hand and what the out of state investors are doing.

Obviously the deal has to be good to pursue, but the TEAM you create within that system seems to be what makes or break the business.

Thank you are sincerely for those who took the time to reply to my post. I can't thank you enough. The replies mean a lot to me!

 

@Davartay Miller 

Thank you for those great points, I will be sure to add that small detail on writing down how the company made me feel alongside what they have to offer.

@Samir Patel 

True, I'll be sure to extend out to help my search on creating a team in that local area to help me create the best situation for us to succeed. 

From what I'm getting from you and others on here, it seems that getting that criteria set and then looking for what I want seems to be the best option here. I'll be sure to make a concrete list of things that we are looking for and make sure that the property management companies / all others in my real estate team meet those standards.

@Drew Sygit

Thank you Drew, like mentioned above, I will be SURE to make sure I make my research and truly understand the difference in services versus just looking at the monetary value side of things. I will be sure to read over that series so thanks for dropping that link. A constant thing I hear from some of my coworkers who have dived into out of state real estate investing is that it never worked out for them and they caution me from doing it because of the nightmares they had. I tend to believe it was the systems that they had in place that made it fail versus the long distance investing itself. It seems to me you believe the same.

In addition, I also appreciate the list of items you have shared with me to look into when making a criteria for the type of property I am looking for, to be frank, I wasn't thinking all these minor details but it seems to me that's where the difference is made from the ones who succeed and ones who fail (like my coworkers mentioned earlier)

@Bryant Troupe

Thank you for your response Bryant. I like that idea of establishing relationships with someone in a field and using them to help validate the work of another to some degree (like you mention someone who isn't a contractor won't know exactly what to look for but can probably get a general idea of what's going on)

@Andrew Syrios 

That is also what I've heard from local friends and family but I believe with the right parameters and systems in place, it is possible. I will take a look at the article you've linked.

TO EVERYONE, THANK YOU THANK YOU THANK YOU.

I truly appreciate the time everyone took out of their day to reach out and point me in the right direction in search for a good Rental Property management company.  

The lists and insight that you all have provided means so much to me!