All Forum Posts by: Ronald W.

I only have my own experience to draw from. I only invest with family or friends that are experienced investors. And, yes - everything is in writing and each member of the team brings a specific set of attributes to the deal. If money is the only need for partners I suggest a lender - they make much easier partners and you don't need to interact with them on holidays.  Hope this helps.

I think this is a great question. I look at buying stocks as buying a company where I have to trust the management team because I do not sit on the board of directors and only get an allocated amount of votes to choose the members. In addition I look at buying real estate as buying a business where I have control according to my interest in the controlling entity. For many of us, it is more secure feeling to have some or all control in a real estate endeavor than to place our money with Wall Street. It is for me anyway.

tenant won't leave. Isn't that why God invented bullets? I never had a tenant not leave one way or another. A few went through the drywall, but they left.

I'll never forget when i bought a property and a non paying tenant said to the seller "Can he do this?" and the seller said to him "He's the new owner and he's pointing a gun at you. I'd walk". I never saw him again.

Background: I bought my first rental property in 1995 and was involved in over 15 million $ in transactions in 2020. Yes I've been around the block and have scars to prove it. As I watch the MLS, it is evident that there is absolutely no price discovery in the Evansville market. Anyone in the area have any thoughts on this?

Great to meet you Lance. I'm in Evansville

Hello everyone. I live outside Evansville, Indiana and primarily invest half and half in equity and notes: self storage, small multifamily, medical, apartments, and rehabs. It's great to be here. Don't be a stranger.