All Forum Posts by: Jazlynn Gibbs

I don't think Connected Investors is a scam, I think they are still in the beta phase of their site so are probably working out all the bugs (this one seems like a pretty big bug I have to admit).  The thing is though that there are tons of scammers everywhere.  Anytime a so called "lender" wants money up front, its most likely a scam. How do I know?  When I was new to the biz I paid this company a few thousand dollars up front because I was desperate and wanted to do this one deal so badly.  They ended up connecting me to a lender that was like 10 points and over 20% interest which was probably another scam.  Needless to say, never pay anything up front unless you physically know people who can vouch for them and even then be weary.  

"What I do know, is that if we do not act soon, it is our children and our grandchildren who will have to pay the price." 

At least I asked about Armageddon in the discussion I started.

Thinking Outloud?

@Jazlynn Gibbs if and when it does happen, it all depends on the magnitude. With recession comes job losses and tenants who used to afford $1200-$1300 will no longer can afford it and will look for $800 units, pushing those people in that range down to less than $600 range. Many investors who are buying their properties with $200 cash flow per door will be swizzled and on HVAC or water heater failure away from going into negative cash flow. If they can afford it, good for them or else they will be out to sale their investment.

My units that bring in $1300-$1400 range today, in stable blue collar neighborhoods were bringing in $850-$950 at that time. It lasted like that until 2016. If you entered in the investment at right time and right price, you can and will make it.

Bottom line, recession is NOT an opportunity for everyone but may be for select few, who has large cash reserve to scoop up good properties in all cash transactions. Bank will be very skeptical of investment properties in that

This is the most comprehensible response, Thank you Al Pat