All Forum Posts by: Scott Trench

I have definitely heard that it is still a seller's market through and through in Oregon and Western Washington!

Just trying to see if it's a Buyer's Market out there yet for folks - I think it is for me, specific to Denver Multifamily priced over $750K.

Look for the ScottBot in 2026. 

I understand that, while it can be done, notes are a poor way to turn a small amount of capital into a large amount of capital, unless one masters the art of turning a non-performing note into a performing one... which is a skillset that likely coincides with dealing with individuals going through some of the worst parts of their lives. 

I think of note investing, rather, as a great way to turn several hundred thousand dollars into several thousand dollars of reasonably high probability income, while having a reasonably high probability of not seeing a loss of principal. 

I'm not sure why anyone would think that this is a great approach with $20-$30K, or how an expensive course could possibly result in material risk/return adjustments for a note investor.

However, I had the (now chiseled into BiggerPockets' Mount Rushmore) great @Jay Hinrichs help me out on my first note (thank you!!). So, that is a material advantage - and perhaps others are willing to pay for a friendly look over the shoulder on the first one with some of these gurus.

@Andrew Syrios I've actually gone the opposite direction and am growing a 'stache to go with my for now full head of hair

This is awesome! @Katie Miller and @Dave Meyer this could be a great social post, or potential podcast episode inspiration.

Threads like this are exactly how transparency breeds. James' attacks on users have resulted in very awkward situations, similar to this one, but they have also potentially prevented investors from losing tons of money by getting into business with the wrong people.

In fact, a while back, a fairly famous and powerful person (who actually still has a podcast!) once challenged James on these very forums. This person ended up leaving the United States quite abruptly!

This is perhaps part of the reason why @James Wise actually recently nominated himself ;) for BiggerPockets' Mount Rushmore. Unfortunately, he has not been seconded yet..

However, one day, James will be wrong. 

Perhaps today is that day. Perhaps Robert is, of course, not using an alter ego to solicit capital, and is not the person in the picture posted, someone apparently so wealthy they can discard wads of cash in a highly interesting setting. 

I have no idea if James' allegations are true or not, or if the questions he poses about OP are reasonable ones to pose. 

I DO know that IF James is served a letter or sued by someone for allegations he poses, a large amount of highly engaging content will immediately appear on his YouTube channel, and likely spill over into these forums. James is not afraid to go toe to toe, all the way to the courthouse, to preserve his ability to speak his mind, including on these forums.

..I will also say that if James asked me if I personally had an alter ego that I use to solicit capital from investors with, the answer of course would be "no" and I would easily be able to put his challenges to rest.

Be assured that I am following the thread.  

@Niranjan P Ghate You will go through several PMs in a career I believe. 

I have. 

Today, I use James Synder at Steadfast real estate. Small local company here in Denver. Jim, as he goes by, is a property manager and baseball coach. He handles everything with grace, and when tough issues come up, owns the rare mistake, communicates promptly, and continuously improves. Couldn't ask for more. 

The projected NOI is $52,800 in this example, or in other words, the cap rate is 5.28%.

 The interest rate on your debt is likely much higher than that cap rate. If you are bringing this much down ($770K), I'd only do this deal closer to the $800K price point range, personally, bringing it to a 6.5% Cap rate (on projection). Vacancy assumption at 10% is pretty high. 

However, if I insisted on going through with this purchase, despite the cap rate lower than market interest rates, and I brought this much down, I'd hope to get much more favorable debt terms, including a lower interest rate, from seller finance for the remaining $330K.