All Forum Posts by: Lewis Christman

I have one property and I get some unsolicited texts (those really do bother me) and some letters in the mail. 1. I'm not interested in selling (so no response). 2 I'm really not interested in selling if they want to lowball me (I want market rates which means your cashflow will not be good (so no response)). 3 All the letters are written as if I'm a irresponsible owner and the property is in rough repair (granted it needs a paint job and that will be done soon). 4 If you're not programed into my phone as a contact you WILL go to voicemail (see 1 and 2 as to why there is no response). I would imagine wholesaling or trying to get that low price "great" deal is extremely tough in this market. 

clicking attend does nothing but I will visit this Thursday for the grand opening.

@Benjamin Seibert Thanks. I need to check out the streets. Are you familiar with the D/F area and buildings? If I wanted more info (because you know the websites provide none) do you have an agent you trust? Property manager if it progresses?

PS is Maryland an investor friendly state or a tenant friendly state (same question for Hagerstown specifically too).

I recently saw some properties in Hagerstown that looked interesting as a starting point. Can anyone provide input as to the town and market there?  I would be interested in connecting with a well versed agent.  Who knows. PS. these properties were down town if that helps to narrow the area.

Collin - Dave tends to resonate with people who carry a lot of debt and have hit their limit (they tend not to be in control of their money).  This is where his steps work.  He also apparently went bankrupt buying real estate early in his life.  There is risk in investing (in the stock market or real estate) so I would suggest keeping your debt manageable and inline.  Buy the property at the right price.  You can blend the two and live in the rental so paying off "your home" would be in fact be a multi unit building.

I think I tried to get the same properties from the lady with 50 units moving out of town.  They sound familiar.

Depends on the amount of money.  If it is stupid money I would pay all my debts and invest in municipal bond funds (tax free from federal, state and local) and live / invest off of the interest.

If not stupid money then it would depend on how much and what the world is like at the time (real estate in my area is over priced in general - I'm sure there is a deal out there somewhere).  Stock market at all time highs (like now) or at lows?

I would spread it around to be diversified.

Has anyone used a crowd source funding site to invest in real estate? What site(s)? Feeback? Results?  It seems pretty wild west type of investing.

@Greg Dickerson so commercial / residential is unimportant? NOI is still the magic number with estimates for the vacant space(s) and if I want an 8 cap (or any other number) then do the math for the value.

Is there a balance between the cap a commercial sells at and a residential sells at? Blend the two?  If commercials tend to sell at 5 and residential buildings sell at an 8 on average to be realistic do I pick between the 2 and say 6.5 (or any other number for example) since you may not be able to buy a commercial at an 8 cap?