All Forum Posts by: Mike Jury

Welcome to BP, Lots of information here, most of it great!

There are a couple of BP Meetups in the area for good networking went to my first last week.  Check the events thread.

I don't know a lot but if I can be of help let me know. 

Really nifty ideas create a lot of interesting memorabilia, but often no profits.  Before diving into this kind of venture, understand the market.  Are there many small apartments in demand in your area? And what is the full financial picture for profitability.  You might get paid, but will the deal make any money? If not your interest in the deal may cost you more than you make in carrying or holding costs.

I think you got a lot more homework to do before jumping into this venture.

@Tony Hernandez

Yup, Keep me in the loop.  One other thought is can we get these three threads merged into on so it is all the same info, and no one misses out on the get together.

• North Dallas / Collin County Meetup
  29 days ago
• Richardson / North Dallas Meetup
  a day ago
• Richardson / North Dallas REI Meetup for August 2015
  a day ago

Thanks 

Dana

Not sure which post is the correct one so I will Sy it again

Thanks again for organizing this event. I had a great time and look forward to the next one. Please keep me in the loop.

Dana

Thanks again for organizing this event.  I had a great time and look forward to the next one.  Please keep me in the loop.

Yup, add me to the list

I will try and make it a first for me.

Nat

I think the situation boils down to these issues;

1. Is the offer price you submitted a good enough price to make this deal work? if yes get on with the purchase, if not back out.

2. Visiting the realtor will have a couple of outcomes, one they demonstrate other offers consistent with the negotiations and you default to question one. Or They don't and you are upset and still default to question one.

3. Based on their performance in your visit, you can avoid them in the future, win them over to work for you or you can be annoyed.  All of this is about future future business so you default to question one again.

But please let us know how this comes out, I am curious.

 Leave it to Ben to net out the situation, as always tastefully done with tact. 

 I think the other option is now to take the time to learn the real estate business.  Dig in and do an analysis of the current state of your business.  It might be time to sell, might be time to refinance, might be time to put more money into the properties, might be time to raise rents.  All of those possibilities are things only you can answer by doing the research and understanding your situation.  As you do this use the support of your financial planner and CPA to get info, find a new investor friendly realtor or appraiser in the area to get real information on the property and comparable properties in the area.  

Only with a full understanding of all the facts can you make a good decision. 

Ben might be right, but you need to do the work to determine if he is or isn't. 

And if you post where the general area of the properties there may be someone here who might be able to chime in and provide context.

Good Luck

Yup, the little glass block tiles in the shower and as kitchen backsplash, subway tile is in its third or forth go round, and I think the Urban industrial look will be the "Oh that is so 2015"