All Forum Posts by: Jonathan Greene

How do you want someone to answer this? There isn't even a question. There is no background information. What are you expecting from this post? That someone will write a long answer that will tell you how to do it? You have to write better questions to get good answers.

1. No, it's not a good idea, but it's possible to do correctly if you don't rush into it. If you are already planning to buy out-of-state and use property management, you are leaving money on the table and may want to look into more passive strategies since you don't seem to want to do management and you will still need to manage the manager.

2. You are not useful with one multifamily to the best property management companies. That's not a good client for them. So, you will be choosing from new ones and bad ones, or sometimes someone being nice, but you will overpay. Check local Facebook groups and connect with local investors who use PM.

3. You are talking about analyzing deals on a spreadsheet only since you want to look out of state. This isn't analyzing deals, this is just playing a video game. If you've never done it and never looked at properties anywhere in person, how will you know what any of the numbers even mean? How will know where all the cap ex is?

@David Lecko probably knows of one. He is in Austin.

@Dan Geffen moved down there and knows the area well if you want to connect with a local investor.

No one can answer that because there is almost no information in the post to help. What are you doing with the first one? Are you moving into the second one or want to make it a rental property? Is the 11% equity from the appraisal over the sale price? What do you mean you are paying $400 additional dollars more than what you are paying now?

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.