All Forum Posts by: John Breen

@Rafael Perez truth be told, you have to talk it through with each and make sure there is no difference of opinions on it. I am new to real-estate but the core of a partnership always relies on communication. [Marriage is my go to example]

The other thing you have to take into account is while yes, time and effort is a valuable commodity, who stands to lose the most? Generally speaking, it is the money. So understand, it is all in how each other values what the other does because you never know. If it works out great, there is always the opportunity to allow someone to cash out and let the other 2 buy them out of their "share" of the business profits. Or better yet, he keeps helping with the money on future deals so it makes it easier for you to continue doing what you enjoy. As Brandon once said, hire people to do the part you either can't do or don't want to do.

Teamwork makes the dream work.

@Ari Hadar judging by the inside photos, it was a recent renovation from top to bottom as it was valued 4 months ago about 100k less.

@Cody Barna I appreciate it. I will be reaching out today to one. Thank you.

So, I am new to the BP world and the calculator. I watched the recent webinar with the live example (great help by the way) and I watched the YouTube video with Brandon doing one in Waco, TX (also great insight). I have essentially mirrored the process and all the numbers add up and come to be within the margins I am looking for. (400+ cash flow/month, CoC ROI of 8% before haggling price on property (target price gets it to 12%), little to no work needed) Additionally, it has established tenants on the property till 2021 and is recently renovated from inside out so it will be a buy and hold property.

To me, it all sounds to good to be true but I am also of the thought of why hasn't anyone else jumped on this property as it has been on the market for over 2 months which seems like a red flag in most occasions.  Any guidance/advice/tips would be greatly appreciated.