All Forum Posts by: Jonathan Ramos

@Kevin Romines

Multi family investments

Hey BP,

I and an overseas partner are looking for recommendations for Commercial loan lenders. We need them to have the ability to lend upwards of 2-5M. Any leads or recommendations are very much appreciated.

@Pedro Blas

Welcome!

What are you using for Direct mailing? do you physically stamp each letter or are you just sending postcards?

Hi @Lien Vuong

@Lien Vuong

@Lien Vuong@Lien Vuong

Hey BP,

Currently, most of my seller/buyer leads are coming from Facebook and Instagram posts. I signed up with Homesnap concierge service and its a bit expensive but all business cost money I am curious what is working for you in your area.

What is working in your area for prospecting new sellers/buyers?

-Circle Prospecting (cold calling)

-Direct Mail

-Sphere

-Driving for dollars

-Door Knocking

-Advertisement (be specific Facebook, Instagram, google)

-Zillow leads

-Other websites leads

-or Other be specific

 

Hey Michael its definitely inflated but there is always a needle in a haystack you just have to find it. 

@Shannon Robnett

I think your breakdown of the 30 year cost of ownership was pretty interesting. I’m not sure if the MathWorks out and I’m not going to do it but I’ll take you on that it’s right.



@Michael Ketchen

Yeah, I have been following that project. As cool as it sounds and I do think it's cool. It's not a long-term solution. It's a band-aid. You can say what you want but families cant live in 400 sq ft. These homes IMO will be more like camps and or Airbnb. Maybe a young couple may want to live here but long term when they have children they will move out and likely rent the unit out and hopefully not but I think will be more like a trailer park in 20+ years. It's a good case study and over the last 100+ years, there have been many types of communities that have been tested and failed. We will have to wait and see how this all unfolds. 

@Shannon Robnett I completely understand what you are saying I was in the Commercial Real Estate development side of things and yes many of the projects in the cities that had broken ground have to finish but there was a ton of uncertainty and in the big cities to some extent there still is. 

I am seeing exactly what you are saying happen in our town. Prices skyrocketing nearly 20% in one year a 700k new construction home down the street of my house sold in 72 hrs! We need a quicker solution. Can we convert hotels into apartment buildings? What are quicker and faster solutions. I understand the Single-family home will always be the caveat of real estate for consumers but many are looking to downsize but unfortunately can only find 2000+ sq homes that are barely cheaper than where they currently live many just say ITS NOT WORTH IT. We need to build for the workforce and for the people looking to downsize homes in my market new homes/condos under 400k do not exist. I believe developers can build a 2-bed condo for 400k sales price IMO but they rather rent them. As much as I am an investor we are not building communities anymore we are just letting people sleep in a room temporarily then kicking them out or raising rents. At least when Fannie Mae first started they had guidelines on how a community should be built and planning boards would allow a million rentals. There are issues with developers, zoning, workforce, community, and most importantly affordability. And we need a solution now.