All Forum Posts by: Nathan Mailly

Awesome stuff guys thanks, I will stand firm and make sure I get the details. The current manager is one of the tenants, and it appears he doesn't do much of anything. I'm curious @John Baughman , what are you setting aside per unit for capX and maintenance? I've heard different things...

I'm now having another problem. The broker has told me that when they sell, 2 of the tenants will be going with the sellers. Obviously, this dramatically affects the value of the property. Should I offer them a price based on that knowledge? It is listed for $364k, but it is worth 240k based on the 50% rule and an 8% cap. Your thoughts would be much appreciated! Thanks! 

Hi @Nestaly Nin , sounds like a similar story to mine! I'm looking to do my first deal. I'd love to meet up maybe sometime towards the end of next week. 

@Ian Ippolito thanks for your thoughts! 

Yeah that looks great, thanks

@Jim Groves Yes I ended up calling RealityMogul to get some of my questions answered and determined it wasn't for me at this time. My plan is to wait about a year until my credit history is good enough to get approved for an FHA loan and house hack. Until then I want to find someway to make my money work for me. Stocks and crowdfunding seemed like the best options, but with RealityMogul's RIET, like you mention @Andrew Johnson , you're locked in for around 4 years...not to mention that $13 a month isn't anything to write home about. 

@Andrew Savikas  I definitely agree with you about the experience piece and I was very tempted to just do it and see what happens because I have a tendency to over analyze! 

Thanks everyone for your help!

Nate

Thanks for the responses guys! So it looks like RealityMogule REIT is one of the only options for me. They have a low minimum of 1k.

In the overview it says: "Last Distribution Rate, Annualized: 8%" Does this mean that I will get a return of 8%? I'm having a hard time figuring out when I get the return. Is it monthly? Yearly?

Thanks

Thanks Igor,

Yeah I was thinking finding a partner would be his best option. Wasn't sure if there were any creative financing ideas out there that would work..