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All Forum Posts by: Jim Shiminski

Jim Shiminski has started 2 posts and replied 12 times.

Post: Would this be unethical?

Jim ShiminskiPosted
  • Investor
  • Cape Elizabeth, ME
  • Posts 12
  • Votes 9

It's a long term business. Relationships are important and burning any bridges in the beginning of a career is a recipe for a short career.  Better to talk to your contact and sort it out.  Remember,  it doesn't need to be a 50/50 split.  Offer up something and it will go a long way for you. 

Post: 2% rule in Connecticut

Jim ShiminskiPosted
  • Investor
  • Cape Elizabeth, ME
  • Posts 12
  • Votes 9

Seeing the same type of properties here in Portland, Maine.  I have recently started into real estate again. Very different market than what I had played in during the late 80's.  We can't get close to 2%. I am resigned to be patient and to look for properties that can be upgraded for increased value.  Looks like a seller's market for sure but there's still opportunity.  Patience is easier for me now. In my 20's,  not so much.