All Forum Posts by: Jonathan Greene

Whatever you are thinking, it's likely way more casual than you think. No dress code. The investors with the most units and most experience could just as likely be in flip flops and a Jimmy Buffett shirt as jeans and a polo. Anything past that might feel weird.

Good job going to your first one, that is a great step that too many people miss out on.

I like the way you are thinking, but it's a little apple before the cart although you seem to get that you need experienced partners to make this work. Right now, you may be looking at it as scalable, but assembling a team without a track record is hard because some may end up being leeches. If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan. Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.

@Jim K. may have some recommendations for you.

Insurance is definitely an issue there, and will continue to be. Do you like the area or do you think that there may be more deals there with others pulling out of the area? You may want to look up Stacy Patel with Golden Handshake Capital. She is located there and lends all over the area so will have real-time intel for you.

Welcome. Find the best local real estate investor meetups that have no pitches and you will increase your knowledge, camaraderie, and motivation ten-fold. They are the best thing to add to your own personal knowledge, books, and podcasts out there. Good luck.

See what a difference it will make for people to know you have 13 years in. Now, people know you have a background and will be more likely to reach out and help, especially if they are in your area. Do you know who the top developers in your area are just based on new homes going up?

Bad tenants and squatters are wholly different situations. I think one of the biggest analysis paralysis thoughts is on landlord- or tenant-friendly areas. If you do a good job picking tenants, you will be fine. You want an area with a good rental pool and a good property to rent to them. If you have that, and do your due diligence, it's not going to matter.

You seem scared to be a landlord before you even start so it's likely not for you. Where did you get squatters from? Squatters break into vacant homes, can present fake leases, and are a valid problem, but if you have cameras on the house, you will be able to get them out right away and you will see them going in.

Why would an investor buy a $235,000 property that is renting for $1,400? So, investors are out. You have to sell it to a home buyer. How many showings have you had in two months? How many Open Houses have you done? What has the feedback been? Has anyone made a low offer?

The only answer is no. If you aren't a contractor or aren't getting rock-bottom pricing, what is the point? You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"? The bigger problems is that you are overdoing how good the property is. You said good and GREAT in the first sentence, but those don't go with unpermitted kitchens so you are trying to convince yourself it's good, but it's not.

If you plan on moving back, this makes sense, but if not, it seems silly to now try to BRRRR where you just were. Memphis is a market where BRRRR is possible, but with rates going up again, it's not a great idea. You could buy a turnkey rental there and do none of the work - look up MidSouth Homebuyers. They only do Memphis and Little Rock and may provide you with the end result without the hassle if you like that market.