All Forum Posts by: John Cohen

@Matt Heath Long time no talk!! Glad to see the growth. We have gone full cycle on 15 properties, and still own 12. About 2,500 units give or take. Deal flow is there, but GOOD deals have been tough to find. We are grinding like everyone else. Our management fees are 3% across the board on our sites, but we have much larger sites. Best way to find good management is referrals!! Also tour their properties and see how they run sites. 

@Account Closed 200 is a perfect number to start with, and anything is better then nothing. You may or may not get a deal from it but that doesn't mean it wasn't worth it. Real Estate investing is about staying persistent and learning from everything. 

@Dennis Nikolaev We do operate 2 right now and have another 4 under contract. Absolutely love them!! 

@Heston McBride go through the agent! 

@Dennis Nikolaev I think the best best is to work backwards! What I mean by that is ask yourself what are you looking to get from pulling the equity out. 

The broad question of what to do makes it more challenging. If you are looking for cash flow, a multifamily or mobile home park may be the best option. If you are looking for appreciation, you may want to consider buying in "up and coming markets" (or what is considered, "up and coming") in todays market. Maybe you buy more houses like you have. 

We are going through a similar situation now, we have the opportunity to flip or assign 3 contracts on larger multifamily properties (probably assign for 1.5 million) or we can purchase the deals and operate them. The question for us is 1.5 million today and invested in a better asset worth it or are these turn around deals make more sense for 5-7 year holds. 

Always fun to brainstorm and think of different things. In the end I like to work backwards and model out each scenario to see what checks the right box!  Good luck, and a great situation you in. 

@Robert Collins Look for multifamily!! We own a deal in Greenville, SC and LOVE the market. We have a 240 unit deal and we are always making offers on deals upstate 

@Account Closed is 100% right:

@Deonte Ademiluyi #1 don’t let anyone tell you you can’t do it! It sounds like you have the mindset to be an investor now you have to be creative.

@Deonte Ademiluyi my best recommendation would be to invest $1,000 through a crowdfunding website. Get involved with your local real estate investment and NETWORK. Meet 30 new people a year and build a database. 

@Jeff Quinlan Whatever market you pick, its about the submarkets!! Need to know the area and whats going on

@Kelly Jennings we are always looking for some opportunities, single family or multi  

@Kelly Jennings what type of properties go to auction? I would love to stay active and do some more business there