All Forum Posts by: Peter O'Donnell

 Hello Engelo, 
Thanks for joining in on this post. I appreciate it. Mate, I wholeheartedly agree with Your kid in a candy store feeling. I look at what returns are available in the USA. and the Australian market looks woefully overpriced. Especially for cash flow mindful investors. Thanks again mate. Regards Peter

Hello My name is Peter O'Donnell.
Finding bigger pockets was like being a kid in the candy store. Lots of good information, and from what I have read so far, a community of like minded, helpful people. I have decided to create a business sourcing cash flow positive properties. I have acted as a bird dog, and also as a buyers representative for properties in the past. So this is the next logical step. 
Most of these properties, will be for investor/purchasers, who like me live in Australia. . Some will be acquired as buy and holds, by myself. And also perhaps with private money partners. 
So I am interested in creating relationships with "turn key " providers. Ideally with trusted, quality property managers in place. Also if anyone has experience in a similar business, I would appreciate advice, on avoiding the traps for young players. And also in how to attract further potential clients. At present I have started by letting everyone  who I know what the business can do for them. And have started attending business networking groups.  I look forward to meeting you. Best Regards Peter

 Thanks Marcia, My friends deal is in the greater Brisbane area. Which is ironic as I am at the start up ( Kitchen table for the moment is the office ) part of a business. Where I will be sourcing cash flow properties mainly in the USA. I appreciate your reaching out. I heard Engelo on a recording of a BP pod cast . He sounded great. Thanks again Regards Peter

Hello I am a newbie to bigger pockets. 
A friend of mine is considering investing with a developer. The developer is offering a return of 50 %, on funds. With the project scheduled to be 1 year, before funds ( and profit ) returned. As far as I can tell the developer is basically assembling his own private money/Hard money fund, for this project. The project is building a strip shopping center, with mainly fast food tenancies. It is on a main road next to a large, busy service station. Currently a vacant block of land, with approval for this development, in place. My friend insists that this guy can be trusted. I advised against. She however is still interested, and asked for my help in checking things out further. Which I am happy to do. However I have never actually used private money/ or hard money. So I would appreciate any help, suggestions, or maybe a checklist of questions I should ask. Thanks in advance