All Forum Posts by: Sam B.

@Tyler Rowland

This is why I dont do residential anymore. The tenant always hates the landlord, that’s just the way it is and will always be.. it doesn’t matter what you do.

@Angela Doyle

You should def do the deal Angela. It’s a lot of work but as Richard Branson has said

“If somebody offers you an amazing opportunity but you are not sure you can do it, say yes – then learn how to do it later,”

@Nicholas Weckstein

They are just hoping an unsuspecting buyer comes in and buys for their price. At the end of the day buyer and seller just want what’s best for them.

@Angela Doyle

If your goal is to grow your portfolio then why not?

I would get it cheap, get them to help w the financing, and ask them for some agreement where you get their help while you ramp up on them. If you have a job I would strongly suggest a PM and embed that cost into your underwriting

@Ben Feder

Negotiate with them, 500 for the three days. The other 1k if you use the network to find and find your next deal

@Engelbert Devera

When they asked me to increase my offer!

Gotta stick to the price you feel comfort in. Lot of properties out there, you don’t want to overpay this part of the cycle

@Engelbert Devera

Feel like this happens to me all the time. I’ve learned to just be patient and not emotional. Recently I made an offer to buy an office building at 1.7mn there were no bidders and it was on the mkt for a while. Seller was about to take my deal, and then a 2mn offer came in all of a sudden. I walked. Turns out the 2mn offer guy flaked and they are coming back to me now.

@Danny Randazzo. Looking at other assets other than MF

@Jeff Byrne

78% of Americans live paycheck to paycheck. If you want to break that cycle you’ll have to take risks. It’s really the only way out of that trap.

@Eli Rollins

Hi Eli I’ve owned one college rental for about 8 years. The turnover is the biggest issue with them. You will have tenants for 1 yr and max 2 years. There are a lot of costs which go into turning a tenant which includes broker fees and the $$ required to turn the unit over.

I recently sold this unit, was too labor intensive for me. The positive about the property was that it always rented out. Vacancy was never an issue.