All Forum Posts by: John Santero

the knoxville REIA is on of the best and informative REIA's around. check them out. Tell Victor there I said hello!

FYI- study chattanoogaTN. not on many maps but with that comes a bunch of opportunity! good luck

just to clarify. An owner/operator can show/negotiate and rent their properties. A PM company needs a lic agent to negotiate the rent but can show the property with an UN-licenaced person. they are not allowed to negotiate. They can make a phone call and ask- but not negotiate themselves,

Its called a bubble and prices will not sustain themselves. May not crash today or tomorrow but they will. Sell and take the gains now. Just sayin....

welcome. I am a local investor here in chatty town. I would suggest going to the REIA - (I was once their president) and get to rub shoulders with some like minded people. And if you want to buy me coffee-- I will be happy to chat with you!

can you send this to me in an email so I can refer some clients to you?

Hi fellow investor from Chatt town. I would join the local REIA they are a bunch of good people. I was their former president for a year and a half. If you want to have coffee on day- let me know- I do this stuff full time.

I just happened to sell my business, personal residence as well as a large commercial property in Oceanside, CA in 2003. I did a 1031 exchange and purchased 40 SFH in Chattanooga TN as well as a few commercial properties for over 1.5M. I did not read through all the posts, but if you want more conversation, drop me a line.

I agree with @Paul Timmins Join a REIA. You need to develop team members- a Real estate attorney, account and agent. A good title company. some sub contractors. Ask them who else they work with in the industry. Follow who is listing on online sites- craigslist and zillow for starters. It takes no money but some time to develop. GOOD LUCK!

Think what you will need from a bank and add to it. If this person is local and you can have a face to face, plan the conversation. Get them involved in it by asking what they want to achieve. They are they interested-Is it just returns, a one time shot placement, or a continuous business. Have they invested in RE before? Usually, they have and know what they are looking for. Find out what that is-

If it is a first time meeting- I dont bombard them with alot of numbers. A conciseness overview of what you expect and how you got their will be fine. They are sizing you up. I say I can back the numbers with as much detail as they desire and can email it to them or even better- a follow up meeting.

If it is a hard money lending company- it is all about numbers. What is the appraisal now, what is the build out, what is the equity, what is ARV. How much you are vested. How are you going to repay. It all goes into a computer and it spits out the program terms.

No disrespect to the suit idea- but you can wear a thong and if the numbers sing, they will lend you the money! GOOD LUCK!