All Forum Posts by: Jeff He

@Tommy Revithas

I've been investing for two years, but working with a partner who's been at it for six. Definitely learned a lot from him.

@Valerie Fernandes

I hear from the Twitterverse that Tech VCs are trying to move to Miami.

@Tommy Revithas

Welcome! Your ambitions are in the right place. Feel free to reach out if you need advice. There's also a lot of great guides and resources on this forum.

@Robert Ped

+1 to @clarissa Jones point. See if the sale was registered with the SEC. I believe Crowdstreet does Reg D offerings, which is publicly available.

If the offering isn't registered, this may count as an illegal/improper security sale and legal action can be taken by the SEC.

*Not formal legal advice. Always seek a professional.

@Justin G.

Great explanation! Thanks for sharing. I completely agree that when done right syndications can be extremely attractive.

@Tyler McDonald

Welcome to the community! Sounds like you're off to a great start!

@Jennifer Petrillo

$2400 is crazy high. Just closed on a property recently and we did have trouble with appraisal as well. It seems like demand for appraisers is outpacing supply right now.

It might be worthwhile to see if you could push your closing date back.

@Carlos Florez

I currently invest in two states while living in a third. In my opinion, the most important thing is to build out a strong local team (realtor, property manager, maybe contractor depending on your deals). They need to understand the area but also have time for you. The really good ones will understandably not be too hungry for new clients but the ones in the middle is the sweet spot.

I also welcome wholesalers who grew up in the area to help get a sense of what streets are good and up and coming.

If you're comfortable with the idea, you could also work with a syndicatior to get your toes wet in a locale with less capital risk than doing it solo.

@James C.

Run don't walk. It looks like a scam.

You can usually ask your real estate agent if they have any lender recommendations. If you're looking to get into investment real estate, you should be working with agents that have exposure or personal experience to it, which means they definitely have references.

@Liam Martin Ruane

I would be on the lookout for liability. If your tenant rents it out through AirBnb and the place is damaged, the guest is injured, or a crime is committed etc you need to make sure your bases are covered from a legal perspective. Who is responsible, who pays etc. Make sure it's spelled out clearly in the lease and compliant with local laws and codes.

*Not legal advice, please seek a professional.