All Forum Posts by: Jason Carter

As far as Dayton, I've talked to a few, there's one I like but have some more digging to do, really just getting started, so I can't speak to that. But as an out of state investor who has looked at several markets, and I own in a handful of markets, I feel like there's an an opportunity in many places. 

I don't know how you're going to convince people that you're trying to make more money for them than yourself though. I wouldn't buy that. And I don't have a problem with management making money, they have to. I just want to be sure they're doing the job they're being paid to do.  

I think the message would have to be along the lines that you are an investor and formed this company out of frustration of dealing with poor managers. B/c you own investment properties you understand what investors are looking for. That might work better for me. 

But just my two cents. 

I will say I have some very good property managers too. And I know it's a hard business. I meet lots of newbies who want to invest out of state and I always tell them property management is the key. You have to have a good one and you're going to pay more than you want to pay for it. So just come to terms with that before you begin. But if they're placing good tenants, minimizing turnover, and communicating regularly, it's more than worth it. Especially if you're thousands of miles away from your property. 

Either lower your rental price or get a new manager @Natalia Sturza. The key to investing out of state is management. You need a good one. They'll make or break you. Reach out to @Mark Byers at Signal Rents and get his opinion. Usually when they don't rent it's because you're asking for too much rent. Obviously I don't know the full story in your case, but some turnkey companies can be hesitant to lower the rent because they promised you a certain return and lowering the rent negates that. If you buy a turnkey again, make the closing contingent upon the unit being rented. That's what turnkey is supposed to mean. It's supposed to be all set up and cash flowing from day 1.  Good luck! 

@Natalia Sturza

Our first meetup had a great turnout and a lot of interest in another. So please stop by Rush Streety on Tuesday, Feb. 25th.

Welcome to our Happy Hour meetup. No musty hotel conference rooms for us. This is much more casual and investors of all levels are welcome. Whether you're syndicating apartments or just trying to get started investing, come hang out and meet other investors, share knowledge, get advice, brainstorm, build your network, enjoy a drink and/or a bite to eat.

No fees. No presentations. No sales pitches. No pressure.

I'll be your host. As owner of Smart Home Investments LLC, I've been investing in real estate for over 10 years. My experience includes flipping, wholesaling, buy and holds (residential and commercial), syndication investments, lending private money, and now, hosting meetups. One thing I've learned is the more people you talk to about real estate, the more opportunities come your way. I'm starting this meetup to provide that opportunity to everyone in a fun, casual and inviting setting.

Feel free to invite anyone you like, just please RSVP so I can let the restaurant know how many to expect.

Not required but if you can, please buy a drink or food, it'd be great to show the bar appreciation for allowing us to meet here.

RSVP HERE

Our first meetup had a great turnout and a lot of interest in another. So please stop by on Tuesday, Feb. 25th. 

Welcome to our Happy Hour meetup. No musty hotel conference rooms for us. This is much more casual and investors of all levels are welcome. Whether you're syndicating apartments or just trying to get started investing, come hang out and meet other investors, share knowledge, get advice, brainstorm, build your network, enjoy a drink and/or a bite to eat.

No fees. No presentations. No sales pitches. No pressure.

I'll be your host. As owner of Smart Home Investments LLC, I've been investing in real estate for over 10 years. My experience includes flipping, wholesaling, buy and holds (residential and commercial), syndication investments, lending private money, and now, hosting meetups. One thing I've learned is the more people you talk to about real estate, the more opportunities come your way. I'm starting this meetup to provide that opportunity to everyone in a fun, casual and inviting setting.

Feel free to invite anyone you like, just please RSVP so I can let the restaurant know how many to expect.

Not required but if you can, please buy a drink or food, it'd be great to show the bar appreciation for allowing us to meet here.

RSVP HERE

Lots of ways to do this @Jared Elms. You could borrow the majority (85-100%) from a private investor, pay them 10-12% annualized on it. Partner with your buddy, he runs and manages the flip (put systems in place for this and an operating agreement in writing, trust me, I learned the hard way), you bring all the money. You guys pay off the investor and split the profits. He may want to split the profits and then you're responsible for paying the investor from your share which can work too. 

Every part of an agreement like this is negotiable and you just adjust each part to make sense for all parties. Sometimes you have to sweeten the deal on your first couple just to get some experience. As you build a track record you can start paying less interest on PM and asking for more of the split. 

I used to finance a flipper who gave me 60% of the profits, b/c he was just starting out. It worked out phenomenal for me but it didn't last long - his success soon brought other interested investors so he  was able to lower the return he was offering. Now he does over a hundred flips a year. 

Awesome @Esmeralda Chavez. We've got quite a response to this one so should be plenty of people there to talk to. Look forward to seeing you there.  

@Lee Gardner Newbies are definitely welcome. We were all newbies at one time. Look forward to meeting you. 

My pleasure @Oleg Enik. Attending meetups can definitely help fast track your investments. Look forward to meeting you as well. Here’s the meetup link, where you can rsvp as well. 

https://www.meetup.com/Culver-City-RE-Investors/events/267757291/ 

Look forward to meeting you @Rohme Williams! Hope you can make it. 

Thanks @Jonathan Spinner. Please RSVP at the link, if you haven't already. Look forward to meeting you.