All Forum Posts by: Jay L.

@Arlan Potter the link I posted has the exact document but to answer your question its exact words are “....the sum of One Dollar and other good and valuable consideration”

I’m using the BP app so I can only post a link to the screenshot. I’m selling a property and we’re due to close on Tuesday. They’ve sent over the documents and out of 26 pages everything looks just fine...except on the Bill of Sale, it says the sales price is $1.00? I’m still wet behind the ears and I’ve never encountered this before. Does anyone know what this is about? Are they trying to pull something? Here’s a link to a screenshot I took of my PDF: http://i67.tinypic.com/2ytw7jq.jpg

Perfect for a first time buyer or an investor looking for at turnkey rental.  Please feel free to ask any and all questions.  Tons of good work put into the home.  

REALTOR.COM LISTING HERE

@Johnathan Larner Thanks for responding. No there were no real follow ups. I’ll see if I can PM you shortly. I appreciate the reply.

@Kevin Steward so we should be looking forward to biggestpockets.com soon?

@Steve Snyder relatively new investor here. What I do recall from other forums I’ve been on over the years (for various topics) was certain requirements that had to be met to reach new levels of access or interaction (speaking for lack of better words; I’ve been up for quite some time). I recall one member forum where you could read posts but not be allowed to post until you were a member for a certain amount of time. Some had daily post limits until you received a certain amount of votes, at which point your post count would gradually increase. There were also other categories or subgroups that only members with a certain amount of votes could enter, and some subgroups that were invite-only. Not traditional “VIP” areas but point being there were areas that long-time or well-recognized members could associate separate from the hassles of sifting through heaps of redundant newbie material. I haven’t taken full advantage of my PRO membership here just yet so I don’t know if such a thing exists already on BP, but perhaps there could be PRO-only forums/subgroups? 2 cents deposited.

I got wind of this thread via an email notification.  The timing is crazy because literally ALL of last night, I was looking at apartment buildings on LoopNet, mostly 30+ unit properties...for no other purpose than dreaming of the future.  I kept asking myself "Man, how am I going to make the jump to one of these?"   Knowledge is one thing; we all need that....but I've decided I've got to spend as much time building the confidence to make that kind of a leap as I'm going to spend educating myself.  HUGE congrats to you for the big step!!  

That being said, I've seen plenty of Matt's videos on Youtube and he really goes give a comforting perspective on the world of multifamily properties.   I have several questions but I'll stick to two:  

1)  If I'm reading properly, you had done a house flip and a few rentals.  Are you using the same contractor you used for those properties?  What scares me is ending up with a contractor who turns out to be unable to handle a big multifamily property....what gave you the assurance that the contractor you brought in is up for the task?

2)  Just looking for a sense of timeframe:  How much time passed between when you first looked at the property and when you ultimately closed the deal? 

Thanks and congrats again!

Still open to any replies as no one I’ve followed up with has responded.

@Aaron B. Lewis Sounds good.  I'll message you.

I'd like to chat with any realtors/investors who are familiar with the Genesee County area, particularly Flint and surrounding cities.  Please feel free to message me if and whenever possible.  Thanks!