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All Forum Posts by: Jack Oved

Jack Oved has started 0 posts and replied 8 times.

@Robert Squires

Did you get any guidance here? A borrower of ours is looking for a professional firm to manage 150 units in Hartford

Post: How long to wait for profitability

Jack OvedPosted
  • Investor
  • Posts 9
  • Votes 3

Life is all about opportunity cost. If you will find other opportunities that you can’t invest in because your equity or time is tied up in these bad deals, sell

Post: Where should I invest

Jack OvedPosted
  • Investor
  • Posts 9
  • Votes 3

I always like to look for areas which have population growth year after year.

Post: Advice for starting off at a young age

Jack OvedPosted
  • Investor
  • Posts 9
  • Votes 3

Start working in property management or a contractor firm. This will give you a nice salary to build up wealth to use towards your future purchases and will give you the experience needed to deal with issues that arise at your own properties.

Next most important thing is to network. Finding the right deals are more difficult than finding the money

Good luck!

Post: Looking for trusted RE attorney in Orlando, FL.

Jack OvedPosted
  • Investor
  • Posts 9
  • Votes 3

What type of attorney are you looking for? One to help you purchase properties? I've worked with a number of transactional attorneys throughout the country

Post: >70% LTV for BRRRR anywhere?

Jack OvedPosted
  • Investor
  • Posts 9
  • Votes 3

@Joshua Woods i would agree with @Robin Hopkins, seems like private would be the way to go. We generally give higher leverages easier due diligence and quicker turnaround. Rate would go up, but if you are qualified we can slim that gap down as much as possible

Jack

@Patrick Britton

Took me 7 business days to get a vom while shellpoint fci or even situs can send it back same day...

Each company has their strengths and weaknesses. Fay is cheaper...