All Forum Posts by: Matthew Reichert

Not to be smart, but I assume we're talking about a Watertown, Connecticut if that exists? I have to ask because I grew up in a Watertown and there are several of them through the US.

Great Northern Construction - owned by my Uncle Joe. He's been doing that for, jeez, at least three decades I want to say? At least two. 

It really doesn't matter where you find the property, what matters is if the due diligence and numbers are good 

Use it like any other home listing site like Realtor or Zillow. Don't necessarily trust the "certifications" or "inspections" on there. Do your own inspections and other due diligence (like testing property managers) before buying as you would any other property. 

What's the property type?

 +1 to that statement exactly, it's just a marketplace that happens to be geared toward investors vs. buy and live there shoppers. Also props to @Tom here for keeping up with all my emailed questions about Smartland's turnkeys lately. 

@Chris Coleman I wouldn't trust that vetting outright, though. Same with their other "certifications." There are too many horror stories on BP about that. That doesn't mean avoid Roofstock properties, they can be treated like any other, but don't put much stock in what Roofstock says about the properties or their PMs.

Inkster looks like such a nice place. I was working with an agent out there, but when I started asking about being able to actually tour the properties he was suggesting, he said "investors just buy these for the numbers." When I pressed a bit more, he just ghosted me. 

What are your landlord laws regarding inspection notice? I think if they're treating it like that, there are more problems inside. Maybe you could do a pop inspection if you have maybe a handyman or someone to bring with you (strength / confidence in numbers) and say you need to inspect X (plumbing, a past repair, whatever, and "other issues") as a reason to go through the house. I had a tenant who absolutely destroyed a unit and since then, always trust that if the outside looks bad, the inside is worse.

1,000,000+? Also curious about location as I live in Manassas and have no clue where houses here could be THAT high.