All Forum Posts by: Jonathan Greene

You said in another post you have been trying for four months to generate leads and now you want to syndicate?

You are complaining after four months of trying in a brand new business that you didn't know anything about? That seems a little shortsighted. What have you been filling your pipeline with? Where are you generating leads and for what end? Direct buy? Wholesale? Why are you targeting attorneys? And you are saying agents, the ones trained to do real estate are messing up the deal, and not you? This doesn't make much sense. It sounds more like you want to do work for a short time and have success without knowing much.

You are answering your own question. The answer is just about how you want to fix your mistake. Just try to sell it to someone else for anything so you don't lose all of your money. Is the lot itself worth 10k?

Fix your name when you get a chance since your name is currently NA NA.

At 18, you have to question why would someone sell you their home on assignment? You are a kid and it will be hard to understand exactly what you are asking, where are you getting your money from? Where are you getting your money from? How are you going to put money down to hold the deal?

You are basically asking how to wholesale, but that's too long of a question to answer. You need to do a lot more research before even trying this or thinking about it.

That's like asking where the best pizza is in New York. There are all kinds of everything. If you are looking for Detroit-specific help, @Drew Sygit would be a good resource.

Both answers are correct. In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc. But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

This is a great place, but you are brand new and looking for help spending money in the US. What that means is that you will get some good advice from people like me who tell you to do a lot more due diligence and unless you plan on coming to the areas to check them out, don't invest, and others who will tell you every area is good and invest right now. You are setting yourself up to get pitched and you won't even know it.

No one can answer that because we don't know what market you are in and what your list price is versus the actual value, as well as the scale of the town.

When something hasn't sold in 50 days, it's overpriced. Have you lowered the price at all? What does your realtor say about the price? Is it listed with a realtor?

It depends if you need or want the money out or want an asset that will bring in income, especially since you own it cash. Balance that versus lending the money out at 10 percent.

You are rushing and that can lead to a first property mistake. What capital do you have available now to buy or are you only looking for seller financing? At 19, house hacking is the best option if you have the downpayment and closing costs set aside. You should be going to real estate investor meetups to meet other, more experienced investors, instead of looking at markets farther away before you really know what you are doing.

I don't think the LVP will feel right with carpet underneath and it's not a sound installation practice to have that buffer layer there. @Bruce Woodruff can weigh in as well. There are so many options for LVP now, from lower priced to higher.