All Forum Posts by: Jonathan Greene

@Stephen Settanni - if this is going to be your first foray into real estate investment, it should NOT be that far away. It should be in your backyard so you can manage the investment instead of paying someone else to do it. Even if you are looking for a buy and hold investment, making your first outside of an easy commute will lead to excess expenses and issues that you won't be able to resolve with your eyes. You will always have to rely on someone else as to what is actually happening. Invest, just not in Raleigh right now.

@Account Closed - my son is in 10th grade and he is getting his license when he is old enough. I don't know what he will do with it either, but it's a great platform for learning about real estate investment, networking, and understanding the ins and outs of transactions from another viewpoint. I hope he comes to work on my team one day, but not until he has tried other things that he wants to do first. I hope that helps.

Homepath has the First Look period just for owner/occupants, but they definitely prefer an owner/occupant even after the First Look period ends. It is not uncommon to not hear much from the agent or only receive your notifications online. Homepath is set up so the agent doesn't make much money and therefore doesn't end up doing a lot. I had a client get very far with one, with no issues, but we found an underground oil tank and they would not remove it so we canceled. Homepath is not ideal for investors trying to buy.

@Michael Imperiale - if your house is priced lower than any other house in the neighborhood and is still not selling, there have to be some things about the home that aren't working. Homes don't sell for two reasons - priced too high, issues with the home. And if your market has a lot for sale (I lived in FL for 14 years and was just leaving when the bottom dropped out), there is no reason to hold this property any longer. Drop the price, cut your losses and invest this money in a better property.