All Forum Posts by: Account Closed

Welcome to the community and good luck on your future endeavors!

If you have $300k I'd probably buy some multifamily and 1031 into something once you're ready and only if you want to. If not then just keep it. You'd have to use a lot of the money for closing costs and other expenses unless you negotiate most costs to the seller so your return can vary obviously. But that is a good sum of money to start out with and that's what I'd do. Reinvesting the returns you'd get, you can definitely achieve your goal. Just my 2 cents

David M. Hey thanks for the reply, David. I'll be looking into that! :)

Because of the grey area that wholesaling can sometimes be in I've been recommended to double close in my area in SoCal but I've read that most title companies don't like working with those who double close. Any suggestions around Torrance, CA?

When I say double close I'm talking about me (investor B) getting funds from the end buyer I'll wholesale to (C) and then buys the original purchase from the seller (A). Not me bringing me own funds to buy and then sell.

So can anyone recommend a double close friendly title co in my area? I'd really appreciate the help, thanks!

Who has some good books they'd recommend for buying and holding apartment complexes? I'm going to purchase "The Complete Guide to Buying and Selling Apartment Buildings" but as the title suggests and the reviews, it's emphasized on selling apartments rather than holding. I'm still going to purchase it as it holds loads of info. But can anyone recommend any other really good books that focus on buying and holding apartment complexes? Also any others that focus on analyzing apartments? I'd love to add a bunch of commercial real estate books to my list! Thank you for any suggestions, have a good day :)

Karen Schimpf hello Karen thank you for the response! And yes I'd have a mortgage on it. Whenever I just look at properties on the web for fun I always factor that in when im running the numbers. And wow! Thank you for tips! I really appreciate that. That's very useful. Thanks Karen!

Chris Washington thanks for the reply! I understand your points. And I'm not saying my experience in single family will be beneficial for multi family. I simply just want to stick to single family and gather a nice portfolio of houses. I'm not using SFHs for better success in MF. SFHs is just what I want to work with at the moment. Then I'd want to grow and try new areas of real estate. That's all. MF is the field id like after that.

Mark Mosch nice to hear back from you. I like that approach. I'd probably go down that path as well

Ayodeji Kuponiyi thank you I will check it out!

Mark Mosch thank you for the response, mark! And thank you for that info. I've been really curious about that. Like I mentioned about houses, it's easy to look at it like that but I really wanted to see how it works. I really like the ROI. Great overview. Now would you prefer the higher cash flow with no appreciation or low cash flow but with high appreciation? Of course this is a specific question for your goals. But I'm just curious is all. Thank you again!