All Forum Posts by: Garrett Donham

Hey all!

I am looking for some insight from other investors that are buying long-term rentals. What are your thoughts of buying LTRs in the midwest? I have identified some markets that seem to have a stable population with stable rents, near hotspot cities for plenty of employment. Most of these properties are duplexes or triplexes that can be purchased for under 200k with roughly 20k of cosmetic work to be done; and they cash flow $150-$225 per door. Would you all invest in properties that don't appreciate as well in order to get high CoC returns and good monthly cash flows? I would love to hear any feedback!

Hey Guys,

I am a senior in college and I am looking for ways to create income to finance my investments.  I am really interested in the idea of out-of-state investing and wholesaling, because the areas I plan on living in are not the best cash flow markets, and I am looking for cashflow in the beginning to fund my business.

My question to you all is: Do you think out-of-state wholesaling is a good idea and do you think there could be a credible business model here? I found out about the idea from some guy on instagram, and he does extremely well.  My goal is to start wholesaling to fund out-of-state rental investments, and then continue to create my own investment company.

And before I get backlash, I know there are a lot of issues with wholesalers working with little to no ethics.  I am committed to complete transparency and I do not wish to bleed sellers of their equity to increase my profit margins.  I am thinking anywhere between $2-5k at the most per sale.  Real numbers, real P&Ls, and real transparency, looking out for both the seller and investor.

Any thoughts and comments are appreciated!

Hello all,

I am a senior in college but have been in the real estate space for the last 2 years.  I am looking for ways to get started, and also ways to start creating good cashflow to fund my investments.  I am thinking about out-of-state wholesaling in the markets that I want to invest in. 

Does anyone have any advice when it comes to wholesaling? Are there specific things I should look into or avoid? I plan on creating a legit business with a legitimate business model, finding off market deals for a investors and then "wholesaling" it to them.  I have a really good grasp on the real estate industry as a whole because I was a real estate agent for the past two years.

I know there are a lot of issues with wholesalers, which is why I want to go about this the best way and still have it be the most effective.  It could be a long term business model, or it could just be leveraged until I have a high salary and a handful of units, any advice would be awesome!