All Forum Posts by: Greg Scully

@Habbak Burs - Let your goals determine the price.  You start at "no", so why not make the offer that fits your needs.

@Joshua Lupo - You would run the business and pay the seller the agreed upon payment.  Where that money comes is irrelevant to the agreement.  The property is collateral against a debt obligation.

@Michael Ndjondo makadi You've already gotten a lot of good feedback , so I'll just comment on #8 - the scaling strategy.

It can be as simple as starting with 8 units and doubling that amount every year.

8+16+32+64+128=248

In five transactions over 5 years you can reach 200+units.  That's a very achievable goal.

@Kervin Simon - You can also invest passively and still get good returns and tax benefits.  There are shorter term crowdfunding options, hard money loans.  You can stay fairly liquid until the right opportunity presents itself.  Just stay active, you won't find what you're not looking for.

"Having enough money to make decisions and choices that you want to make"

- random Instagram

Grinding it out in a business that I enjoy!

@Mohammad Ali - HUD also puts out some good info.

https://www.huduser.gov/portal/ushmc/chma_archive.html

@Michael Hakes - Craigslist can work for that range, either sellers offering properties for sale, or a way to reach owner/operators directly. I also check residential MLS listings on a regular basis, occasionally they'll pop up there.

@Courtney Richards - You want to pursue a "blanket loan".  It does fall under commercial lending and is used specifically for multiple properties.

@Aldeshon Brooks - I would define what you want your life to look like at 28, then work backwards with goal setting.  A typical goal break down might look like:

5 yr goal

3 yr goal

2 yr goal

1 yr goal

9 month

6 month

3 month

this month

this week

today

Here's a link to a Bigger Pockets podcast episode that might help.

https://www.biggerpockets.com/blog/biggerpockets-podcast-307-science-setting-achieving-big-goals/

One article about it.  It could depend on the property you're trying to evaluate.

https://www.washingtonpost.com/realestate/which-firm-has-more-accurate-online-estimates-for-homes-zillow-or-redfin/2019/02/19/7a1f6436-346b-11e9-a400-e481bf264fdc_story.html?utm_term=.d05d0b44afd8