All Forum Posts by: Logan Hill

@Grant Rothenburger

Great. I will give that a try and hopefully find some properties. 

The reason I say that I need private lending or another creative source of funding is that I don't have the money to put down myself and I figured that it would make it that much harder to profit given that I have to take a loan out from a bank. What were you thinking?

@Grant Rothenburger

Thanks for the input! As of right now I am working on being a bird-dog for him but essentially it will be more of me aiding him and his company in marketing on social media and other channels to both help his company and help me get a better understanding of generating cash buyers and motivated sellers. Hopefully this will help me get some experience and get my feet wet. Through this I also hope to find properties that I could handle myself. 

One thing that is bringing me trouble is that there is some scarcity to MF properties in the Lexington area, to my understanding, and I also don't have a lot of personal capital so I would need to find private lending or other forms of funding for any property that I may find. 

I have teamed up with a real estate agent right now who has helped me to get listed on the MLS for multi-family properties that come up but besides that she has not necessarily worked with real estate investors, however she is not opposed to helping me out going forward.

Any advice for new creative ways of marketing that you have found to be of help to you or any advice on moving forward in regards to finding private lending and MF properties amongst scarcity would be appreciated. Thanks in advance. 

@Roger Laughary This information is definitely helpful. However when you were looking for your properties what did you find was the most helpful? Did you have a marketing structure that you developed prior to finding this distressed property? Also I do not have a lot of financing so I would more than likely have to purchase through a loan.

Thanks for the response. I have looked though a few sources for the median housing value in Lexington, KY from Trulia, Zillow and City-Data and it looks like it is at around $177,000. Let me know if you have a better source to find this information.

Hello all, 

Now that the new year has started I am looking to reach my goals of getting my first couple of deals this year, specifically through wholesaling. I have currently connected with a polished real estate investor and am trying to bird dog for him and bring in good deals. The problem is I don't think I fully understand a good deal when I see one and what essentially I should be looking for when getting started. I also am looking for my first live-in-flip house so anyone with experience or advice in this, your help would be much appreciated. Thanks in advance for the info. 

Hey everyone, 

So I am starting to get into investing and am working on buying my first multi-family property as a Live-In Flip. I have been working with an agent and trying to develop a relationship with them for long-term purposes in looking for prospective properties in the future. Right now I feel as if I have no leverage by having low capital between me and my co-owner and am concerned that working with an agent to help me with price negotiation and closing on my first deal will negatively effect my profitability. I understand that having a good agent who is investor friendly can be invaluable. 

So my question would be, what are others experiences in working with agents starting off and how were they able to land their first deal. Also, how/if they developed relationships with agents and if so, what are the different ways to bring some leverage and incentive to maintain those relationships for future profits. 

Thanks in advance!