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All Forum Posts by: Henri Meli

Henri Meli has started 43 posts and replied 981 times.

Post: "For what you pay in rent you could own the house"

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Patrick M. I'm going to bring a different perspective based on my experience. You haven't told us if people actually came to visit and decided not to rent. Are you getting traffic at all? There is a big difference if people actually look at it and are turned off by the price. Even when people decide not to rent, always make sure you get their honest feedback. What is the main reason why they didn't rent. Keep that dialog open with potential renters ... if they feel the price is too high and if they have a great profile, then try to accommodate them one way or another. There are tons of marketing techniques to counter that. 

Post: Raleigh/Durham and Surrounding Areas Meetup

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

Out of town. Won't be able to make it. See you all at the next one.

Post: Commercial multifamily networking

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Ryan Daigle @Caleb Heimsoth 

There is a meetup run by Dan out of SC. He comes this way every once in a while for it. You can find it on the meetup website.

Post: Raleigh/Durham and Surrounding Areas Meetup

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

Tagging a few people here, @Gurpreet Bhinder , @Adam Ward , @Jack Yen 

Post: Raleigh/Durham and Surrounding Areas Meetup

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Kevin N. If you look at the top of this document, you should see date , time and location of the meeting. We meet at the Hickory Tavern in Cary (off 55). You can come using 540 from North Raleigh. 

After being out of town the last couple meetings, I will be at the meeting next week. 

Post: Raleigh/Durham and Surrounding Areas Meetup

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Dan Moore At the very top of the meeting, there is a date. 

  •  03/13/19 06:00PM - 08:30PM America/New_York

Hope you can attend.

Post: Multi-family that lacks documentation

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672
The price is only as good as you can actually verify the assumptions. I wouldn't call the price "great", unless I have verified the actual numbers.

Originally posted by @Forrest Shealy:
Originally posted by @Henri Meli:

@Forrest Shealy . Yes, there are plenty of landlords who don't keep books. It is really up to you to decide if you want to take his words or try to "force" him to show more.

Your offer price should definitely be based on the comfort level you have with the numbers that have been given to you.

I honestly don't know what you mean with "The price is great", when you haven't been able to validate the statements of the seller. Is he selling the property to you pro-forma?

 The price is great based on what he has told me is his current income combined with expenses that would properly renovate and maintain the property. 

Post: How Much Time do you spend on Bigger pockets

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Marisa R. . I believe that when you perform an activity you want to get better at, it is a good idea to do it intentionally and set goals. 

Intention and consistency can create wonders. 

Post: Newbie Climbing Mt. Everest - Am I Hopeless?

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@William Kilburn . Remember that you can walk and chew gum at the same time. Learning how to find deals is a long process. It doesn't happen overnight. And having an outstanding credit score will help you in many ways. 

Here is what I would do, if I were in your shoes.

1. Have a clear plan on how to improve your score. And start executing on it intentionally.

2. Educate myself on the different real estate strategies and how to find deals.

3. Build a network of people who invest in real estate.

Do all these things very intentionally , meaning you write down the goals, execute on them consistently and measure your success/failure and improve. The key is really the consistency.

Post: Multi-family that lacks documentation

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 672

@Forrest Shealy . Yes, there are plenty of landlords who don't keep books. It is really up to you to decide if you want to take his words or try to "force" him to show more.

Your offer price should definitely be based on the comfort level you have with the numbers that have been given to you.

I honestly don't know what you mean with "The price is great", when you haven't been able to validate the statements of the seller. Is he selling the property to you pro-forma?