All Forum Posts by: Ryan Zomorodi

@Michael Burner

Michael, this is Ryan Zomorodi one of the owners of Real Estate Skills. Your feedback regarding your course experience is appreciated, and it’s important to ensure an accurate representation of our interactions.

When you reached out to our team with your situation, we empathized deeply with your circumstances. We extended multiple options, offering you the choice to either cancel or indefinitely pause the account, all while retaining access to the program. Notably, we went the extra mile by granting you continued training access, a gesture exceeding standard procedures, especially when many clients pay for the entire training upfront.

Following our agreed-upon resolution, a dispute was initiated with your bank, which prompted our efforts to re-establish contact. Unfortunately, it appears that your contact details might have changed, impeding our attempts to reconnect.

Regarding the course foundation, while formal MLS access is traditionally acquired by a licensed Realtor, it's essential to note that there are diverse pathways available to gain access, ensuring that your ability to close deals isn't solely dependent on it. At Real Estate Skills, we've witnessed and participated in successful deals closed without ever accessing the official MLS, utilizing platforms such as Zillow and Redfin.

We strive to ensure that our interactions uphold the highest standards of integrity and transparency. It’s critical to emphasize that, regardless of any situation, you have the unequivocal right to decline or say no at any point. It’s crucial to emphasize that, while we offer guidance and support, we don’t guarantee success. We’re transparent that closing deals requires dedicated effort and commitment on your part.

Your recent public statements inaccurately depict our interactions. Despite our genuine understanding and support for your situation surrounding the passing of your father, the claims made do not align with the assistance we provided.

Our commitment remains steadfast in continually improving our methods, curriculum, and student support. Should you wish to delve further into this matter, please reach out.

Warm regards,
Ryan Zomorodi
Real Estate Skills

How is the monthly tax & Insurance payment only $218.00? The 2019 tax bill on this property was $2,308.36 or $192/month.
Also, keep in mind they may reassess your property's assessed value (used for computing the tax amount) based on the new purchase price. The current tax bill is based on a lower purchase price. 

If you have an insurance provider that is only quoting you $26 per month26 or $312 per year, please DM me their info! I'm happy to share my Cleveland PM and other vendors info with you, if needed. 

I own several units in Cleveland that I negotiated off the MLS. Would love to reduce my operating expenses on them (as we should all be looking to do).

I invest in multiple states and the 1% rule does not work well in Cleveland. You need to use the 1.5% or 2% rule in Cleveland because property taxes are relatively high, property management costs more, and the maintenance requirements are greater on older properties. 

I have had success with turnkeys and continue to buy them. I also look for my own deals and do the work for a much higher ROI. There's value in both models. Depends if you're making more money in another job or business that you'd be making working to find better deals. Consider how much you value your time and the benefits of leveraging an established team.

Cheers and best of luck. 

Yes, just had 21 inquiries in less than 48 hours on my most recent rental listing. Excellent location, value, and lack of supply. Yes, I did increase the asking rent by 18% with such a response and no, there was no objection from any of the serious prospects. 

@Salomon W. 50% is certainly a nice incentive for the private money lender, though as @Will Barnard mentioned, the PML may have concerns about their protection in the deal. Another way to structure it so that your lender might feel more protected, is to offer them a preferred equity position in the deal. This means, when proceeds are distributed, they would be the first to receive their capital back, plus a preferred return (let's say it's 7-10%) on their capital before you are to receive any profits. Then anything above that amount is considered profits, which can be split 50/50 (or however you see fit, given the preferred equity structure). 

Check out Cal Home Co I've never used them but have seen their work and it's quality. They've been doing a bunch of ADUs lately. Good people who get the investing business. 

Hey @Hip Rodriguez My group invests in value-add projects nationwide for a portion of profits. 
We're not HML. We're equity investors. Looking forward to speaking with you.

I can fund 85% of the total deal all cash for 50% of the net profits but you'd need some skin in the game. Short closing timeline is not an issue. 

Hi Hannah, 

Thanks I will keep you in mind. 

Private lending opportunity. My partner and I are seeking $330,000 to purchase and full gut rehab a single family property in very desirable neighborhood in Pittsburgh, PA. Investor will earn a preferred return of 10% flat interest on all capital invested, or a minimum of $33,000 in profit in 12 months or less. If project runs longer than 12 months, rate converts to 12% annualized. Funds to be secured by a first lien and promissory note. We have similar projects going on in the area. Please contact me for details. 

Thank you.