All Forum Posts by: Jenni Utz

For property management I am using a software specifically designed for PM's called LeadSimple. They also work well with FourandHalf to set up the template emails automatically. For the wholesaling side of my business I have used Infusionsoft by Keap.

I wouldn't worry as much about how many units vs do the numbers make sense. If the numbers make sense and you have saved up enough money to purchase the property, plus have reserve money, then absolutely buy the property. One thing to keep in mind is the more units you can get under one roof, the better. 

Does your deal allow for assignability? If so, you could potentially show the funds of the investor buying from you? If you need to go to settlement prior to the other investor purchasing the property, you will need to show your own proof of funds. This can be done by having your own money in accounts, adding an additional person to the contract and use their money, or find a hard money lender.

Then it is definitely worth the wait! Will you self manage, or hire a property manager?  

Wow you are a trooper for sticking it out!! In real estate I have dealt with several long short sale transactions, but unfortunately not as long as 8 months. I wish you the best of luck!

Hi @Account Closed how are you? I’m located in the Baltimore-Metro area!

@Brett Aquila when you say passive investing, but not too passive, I am not sure what you mean. Are you looking to buy rentals and hand them off to a property manager, or are you looking at putting your money with an apartment syndication firm, or are you looking at taking on the responsibility to find the investors and deals and invest in the property?

The real estate market is hot right now. I know you said you would prefer not to sell houses as your main profession, but if I were you, I would do it while the market is good. You can save up that money and use it for your next flip, or BRRRR.

What are you passionate about? Most people need to have some sort of income stream for a while before they can jump into real estate investing as their full time job. 

One option I would suggest is to have a co-borrower on the loan. 

I would suggest looking at their reviews, ask for references. They may also have photos of their previous work. Price is important as an investor, but I definitely wouldn't go with the lowest bid, based only on price. (I'd factor that in, along with the other items I mentioned above.)

Also, if it is a property I want to write an offer on, I usually ask my contractor to come view the unit before I submit an offer. I pay them for their time, or their time gets factored into the repair work (if the offer gets accepted.) That way, I know how much money to factor in for repairs. Depending on their bid, it could drastically change my offer price, and how high I am willing to go during negotiations.