All Forum Posts by: Jonathan Greene

This makes no sense at all. You are just throwing money away and will eventually fall victim to squatters. You might appreciate, but most people who do this, have no strategy and also no oversight so things go wrong and they never know. If a pipe bursts, how will you know since you have no tenants so likely no management?

It sounds like you could just do a partnership with two other people. There is no reason to look to syndications if you want to buy soon because it takes a long time to get all of the things in order. Tilden Moschetti is a good follow, he is a syndication attorney who does syndications hiimself.

The regulations are different for each country and most will not cash flow as an out-of-country investor. If you want to learn more about each country, look up The Wandering Investor, Ladislas Maurice. He has tons of videos on each country and the viability of the asset for people buying internationally.

This post makes no sense. I don't think the windfall is as big as you say, or why would you care about large downpayments on income-producing assets that would appreciate over time? How old are you that you want semi-retire? I think you need a lot more money than you think to live out the rest of your life if your plan is to just work part-time and have low-stress. 

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent. Is that right? You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said. If you can buy with 20 percent an hour away, as you said, that seems like the best option if the finances and numbers work for you.

I used to go to them all the time with my dad growing up and have gone to several as an adult. Everyone knows who the new person is and the goal is always to mess with them and test them and try to get them to spend their money on the junk so we can get the good ones.

You have some good advice here, but part of what you have to do, in addition to getting him out, is to figure out how you got yourself into this situation. How did you do your due diligence on him before he moved in? 

The best advice is don't.

1. You need all cash.

2. You can't see the property before if it's a true foreclosure so you are bidding blind.

3. All liens will not be confirmed prior to the sale.

4. Tenancies are subject to your removal so if there are squatters, good luck.

People usually look to foreclosures because they think they are cheaper, but foreclosure buying is not for amateurs. At every foreclosure auction you will find the same cast of characters who know the system. If you win, it's because they wanted you to win and they bid you up.

The only way to truly do comps in any market is via MLS access. No realtor is just going to run comps for you unless they are a good friend of yours, and even then, they usually will run them incorrectly. Access to MLS is one of the best reasons for investors to get their license since it's such a low bar to entry and low annual fees for that and access to all dumps on the market. Even in disclosure states, sales data is not all reported to the sites so you need the MLS to be the most accurate.

I think Highnote dot io could be helpful for what you are looking to do. I use it for catalogs that I want to present to people in bulk with a link. You could create a different Hignote for each property and add photos and docs, etc.