All Forum Posts by: Marc S.

Winsor Highland area

I am a wholesaler and have an off market deal in Oklahoma City. Its a 2 bed 1 Bath single family home. Homeowner is motivated to sell. 

Please reach out to me directly at 781-525-4327.  Selling Price is $95,000 cash only. Thanks!

Hi All -

I currently own 4 long term income producing single family properties. Purchase these SFR in the last year. I am now venturing into short term rentals. I shared with a good friend of mine what I've been doing. He now wants to invest with me on my next purchase. We agreed to invest in a short term rental on the Florida coast.

I will be doing all the work as far as finding the STR, managing through ArNB etc or other rental sites, and finding a property manager for the house.

I am just curious to hear from the group , what is the appropriate way to set up this partnership with my friend?, and how do I set it up so I dont put any of my money into this deal? Thank you.

Marc

@Abby Austin

I bought 4 single family homes by utilizing WL insurance policy. I used the concept bank for yourself method. Essentially borrowing money from the policy and paying it back. I believe WL is a true asset, not investment but a place to store capital and deploy for investment opportunities.

 Thanks Scott, much appreciated. I felt like was being to aggressive, but you do make some very solid points here. However, I do have my current and new property managers, real estate agent on this email chain with no response. My plan is to call and keep working up the chain of commands. Appreciate the advise. 

Marc

The company is 360 Property Management and they were acquired by Inch & Co Property. 

Do you have any recommendations for property managers in York, I've been speaking with Bay Management Corp, they seem reasonable and professional.

Here is my issue:

My current property manager was newly acquired by a bigger PM in York, Pa.

My current PM is 7 days late on paying me my disbursement.

I reached out to them early last week asking them the status of my disbursement (since I’ve been with this PM in March they been late on paying me my disbursements) the PM was under the assumption I should of received it already. She referred me over to their finance team.

Reached out to the their finance team she told me they are closing out all the disbursements by EOW last week.

Well, still did not receive it , followed up yesterday and no word back.

Is there anything I can do to get an answer from them?

Anyone in BP world run into this situation and how did you handle it?

Any help would be appreciated.

Marc

@Quenton Mullins

I met with Seth Perlman and considering working with Anderson. Love to connect with you and see how things are going so far.

@Mark S.

Just bought my first turnkey property from Cava. It closed last month. The overall experience has been really good. I will be receiving my first rent check in December. I would recommend doing your own independent inspection on the property. However, they actually do 2 inspections on the property for you. Before they do repairs and after repairs are done. I actually spoke to a couple references, a couple of their investors, and a competitor. They all said positive things about Cava. If you any specific questions just let me know. Good luck!

Hi All,

I am currently a new investor and interested in investing in Richmond VA. I discovered that the Manchester Neighborhoods in south side of Richmond VA is an up and coming neighborhood. I am curious if anybody has invested in this neighborhood and if there is anything I should consider before investing here? Are there certain streets or sections I should completely avoid investing in? I am looking into purchasing a single family rental in this area. Thank you!

Marc