All Forum Posts by: Marc Carlson

@J.j. McGuigan 

 I think the point being missed here is that it is not up to the Realtor to accept or reject your offer.  It is against the Code of Ethics for a Realtor not to present your offer to the seller, or steer the buyer from accepting the offer based on their personal feelings.  They can present facts, let the seller know what you are planning on doing, but that is it.  In fact, I recommend you be honest with the seller about your intentions.  

You also have the right to make your offer directly to the seller (with the Realtor present) to better explain why they should accept your offer.  

Happy Investing!

Our local REIA group charges $10 per meeting (your first meeting is free) or $100 per year.

@Nathan J.  I think this comes down to your comfort level and how much risk are you willing to take on.  You need to weigh the pro's and con's of both and see what you are comfortable with.  This goes with any type of real estate investing, it is all about risk management.

Hi David. Are you working with an investor?  Find one or two local investors and ask them what they are looking for, what is their criteria for their properties.  Once you have that, look for good deals that match what they are looking for.  Personally, I like to have the end buyer lined up if I can, especially just stating out.  

I hope this helps, good luck

Mike H A Multifamily is any housing unit with more than one separate living unit.  A multifamily with 2, 3, or 4 units is considered a residential property, 5 or more units is considered a commercial property.  With a commercial property, the financing requirements are different.

Hi Darren,

One thing that may help you keep from getting overwhelmed is to find an investment strategy to focus on.  What type of investing interests you, fix and flip, wholesaling, buy and hold?  Once you find an aria to focus on, work on learning everything you can about that specific investment strategy.  Don't worry about the rest.  I hope this helps, good luck!   

Jason,

I have attended the RIREG meetings over the past few months.  It is a great group of investors, and I have been talking with a few of them.  I hope we can connect soon, either at a meeting, or just to get together for coffee.  

Thanks

I am a Realtor and new investor in Rhode Island.  I am looking to purchase multifamily homes of 3 to 4 units per home.  My goal is to buy one every six months or so to build up cash flow.  In time, I will move up to bigger units, 5 plus commercial apartments.  

I want to earn passive income so I can spend time with my family and travel.  I believe in giving back, so at some point down the road, I would like to teach others how to invest, and start their own business.