All Forum Posts by: Jonathan Greene

That's a horrendous fallacy and a weak mindset to think that real estate agents are buying the best multis. More than 90 percent of real estate agents are out of the business in less than five years. Less than 2% even own real estate. Most real estate agents do less than two deals per year. The smart ones house hack and buy rentals, but the good ones know that their clients come first. You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).

@Andrew Freed might be able to help here since he is in the Worcester area and helps out-of-state clients invest.

There are very few instances when cost seg won't help you on a rental property, but when you deploy the actual cost seg will depend on what you need on your taxes. @Sean Graham is a great resource for this.

Smokers aren't a protected class, but they could argue that whatever the underlying "medical" issue for the card could be part of one. It seems like the tenant is being respectful, following the rules, and is not being a problem so I think that is what you would tell any other tenants who ask, as long as you have seen the card. If you got a report that someone was smoking cigarettes or cigars outside only, per the rules, would you post the same question?

Hey champ (with 5 total posts, all in this forum). You didn't save him from foreclosure, you delayed another problem by using SubTo in this instance.

Join us for our monthly meetup for real estate investors in Northern New Jersey. These are networking events. No pitching is allowed. We are here to build relationships and discuss real estate investing. This event is in Morristown, not Jersey City (BP only has two towns in New Jersey to tag, so it shows up).

Investors of all levels are welcome at these events. You can see videos from our past events here.

Sponsor: Streamlined Properties

Please RSVP: https://bit.ly/rsvpzen

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it. It doesn't sound like it would be a problem to me.

In short, you screwed him and his future it seems.

What is the rate of your HELOC you have going and what would be your rate on the new HELOC?

If you are new to real estate and have two properties under contract, that can be both good and bad. It's good if you knew what you are doing and locked up good deals on assignment (unlikely since you are new). It's bad if you are trying to offload bad deals to a partner because you didn't know the values. You may want to consult with @Remington Lyman and see what he thinks. He may be able to provide some help if they are good deals.