All Forum Posts by: Jonathan Greene

Almost never to never in a million years if it's being auctioned. If it's on the market as an REO, usually not to almost never.

I have always been an appreciation investor, but that's because I could be. I had capital and employment and properties from the start. I think the decision to seek cash flow over appreciation can be misguided because the best looking cash flow won't stay that way. If you need income from investing than you do need to focus on the cash flow viability, but as you said, both is best. Cash flow is harder now so your market strategy is right on. If you know a cash flow market well, you are set up to succeed there in both ways.

If you are new, I wouldn't look for a coach off the bat. You will get pitched, but good coaches want you to get some reps first or else they aren't really coaching you, they are educating you and you can do that part for free. There are a lot of real estate investing meetups in Northern NJ where you can meet other investors, talk about areas, and learn. Coaches are best when you want to go from somewhere to somewhere better, but not the best spend when you are starting from scratch. You came to the right place though to start working on it.

If banking fees cut into your profit, your profit isn't big enough.

The best agents reject more business than they take because it's not a good fit or isn't their client avatar. They don't need the business. I think we also have to separate agents posting on BP and people who pay to get featured as an agent on BP, not that they are much different.

In the end, the best agents are the ones who provide the most value to the clients and know the most about their markets.

The 1% rule is an old metric. It really doesn't apply as much anymore in most markets because rates are too high and homes are selling for too much. .75% rule is more viable and would be the new 1% rule in this market. From what you said, you have been stuck in analysis paralysis because you are too spreadsheet-centric. If all you do is crunch numbers, it's easy to make anything not perfect. How many properties have you seen in person during these years you've been looking, but not buying? Usually, the confidence comes from more reps (seeing more homes and being more of an asset hunter not a spreadsheet warrior) and going to local meetups so you can meet all the other people nearby who are doing what you can't get yourself to do.

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 Teaneck, not Jersey City (BP only has two towns in New Jersey to tag, so it shows up).

Sponsor: Ashley Molson of Molson Law Firm

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

This event will feature our first speed real estate investor networking. There will be ten 3-minute networking sessions with new people. There will be one conversation starter for each 3-minute session.

Go to local real estate investing meetups at least monthly for six months and don't bring up the partnership until after three months of them. This will let you build some relationships and know who is who. On here, when you say you want to partner with strangers, you will get a lot of incoming garbage.

Do you mean co-living? Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

If you meant co-living, look up @Grant Shipman, that is what he does.

20k is just your reserves for repairs once you buy with the minimum being 15k. So you really need a downpayment + 15k to be in the game. There is no way to tell you what to do with your money in real estate because we don't know what you are looking for. Income? Appreciation? A place to use? Safety? I don't think you know enough to consider real estate in the short-term. You can certainly learn, but I would just invest in index funds right now.