All Forum Posts by: Lee Yoder

Is this a SF or MF property, @Justin Knox?

Your income makes me think it's MF, but your expenses make me think it's a SF.

Thank for sharing!

I'll be anxious to see if that Artisian Village project actually gets completed, @Jordan Fiore.

I would recommend @Todd Pultz! He's incredibly active in Dayton and he's already helped so many young investors, myself included! 

Wow, we're neighbors, @Pradeep Shrestha! Haha

I would recommend you talk with Slocomn Reed about your condos.

@Pradeep Shrestha, you live in Lebanon as well?!

Are you looking for PM in Cincy or Dayton?

Great information, @Michelle Fenn!

@Bret Halsey, I would go with Michelle's numbers.

@Trent Barga, I don't think this sounds like a bad deal at all if it's in a nice suburb of Dayton. It's easy to jump in and say that you're paying too much, and look at this deal over here that is much cheaper, but then you look at the other deal and see that it's in a much worse area. 

I don't doubt your numbers, and if they're true, I think you'll make a nice return on this deal. 

BUT, I agree with others in this thread (and it sounds like you agree too) that you will likely be spreading yourself too thin. I don't know how much margin you have right now, but if you buy this deal yourself, you will be an Active investor. Some months may be light, but some months will make you feel like you picked up a part-time job. It doesn't sound like that's what you want. 

Have you considered throwing your money into a syndication or a JV with someone who does want to be active?... Someone who invests in RE full-time... Someone who knows more than you about Dayton and it's suburbs? You shouldn't expect the same level of returns obviously, but you should expect far less time commitment and stress... as long as you find a good sponsor/operator!

@Alfath Ahmed, it looks to me like you do need a new PM. I have a good recommendation when you're ready. 

@Nicholas L., you makes some good points, but here are my counter arguments:

1) Active investments will "lock up" OP's money just like a passive investment. The key is which one will provide OP with good upside potential and low downside risk. 

2) Yes, it will take time and it will be challenging for OP to find a good syndication team. However, I would argue that finding a good market, a good property, a good lender, a good attorney, a good property management team, and everything else that goes into buying a property on your own, will take much more time and will be much more challenging. 

@Rambabu Thallapaneni, I would recommend Joe Cornwell or Tim Gentil. I'm not sure if they have BP accounts. You can find them on Facebook or LinkedIn.