All Forum Posts by: Account Closed

@Federico Gutierrez, not enough unfortunately.  Hence our frustrations.  I had a solid Garfield Duplex, new roof, furnace, hot water, electric, good foundation, minor cosmetics needed.  $1,400 in rents, listed at $64.9k.  Couldn't sell the thing to save my life.  Yet folks jump all over my 19k listing in the ghetto on a shared lot.  Mind boggling stuff.  End rant.

Hello Friends,

This morning I had coffee with a prominent property manager here in the Cleveland area.  As most agents and property managers do behind the curtains, we discussed today's investors and the headaches that come with them.  

My complaint of the day was rehabs, equity, and the challenges we face finding property with potential.  His response was a clever analogy, clever enough for me to steal and grace you with it here today.  And here it is:

"Investing is like baseball.  Everyone wants a home run, and they do happen.  But I'll take base hit, after base hit, after base hit, and that's how you win the game.  If you shoot for a home run every time, you're going to strike yourself out.  And that's whats happening with today's (novice) investors."

Mind = Blown.

How to do it right?  Do your research, find the area you want to invest.  Find the right property manager for the job.  Find a Realtor you trust.  Buy profitable investments.  Don't focus your time looking only for the best deals.  You'll strike out in the end.

Cheers,

Jason

I am viewing this today at 4:00.  Call text or email me for pictures and the full purchase analysis.  This will not last!

@Rollan Dizon it was a pleasure working with you sir.  Looking forward to many more!!

@Kolbi SmithWelcome to the site and congrats on the coming addition!!

What a great thread.  @James Wiseyou could not have said it better!  Relationships are key!!  

@Daria B.

FSBO's are some of the hardest people to work with and are often incredibly unreasonable. Also they typically don't understand how to price a property appropriately. My suggestion would be to move on to something else. Maybe come back around with a higher offer in a month or so but don't get your hopes up. Is this multi-family? SFH?

SOLD!!!

Killer investments both.  

Depending on your cash situation you can diversify your attack.  The house hacking plan is great, IF your better half is willing to go that route.  Mine unfortunately was not... :(

Wholesaling is always an option in any situation if you have the time for it.  

Being in California out of state investing works for many folks.  You'll get more bang for your buck anyway.

Welcome!  Blogs are good, answer questions, write in the forums too.  The blogs are great because you can share them outside of BP.