All Forum Posts by: Scott Johnson

Hey, Jennifer!

Don't worry too much about it. Just keep looking and learning. You'll find something that you can purchase!

We primarily wholesaled contracts this year, but we did end up purchasing a 4 Lot Mobile Home Park that has a permanent unit in place. We rented that permanent unit immediately and are advertising lots for rent. I slacked off on getting the lots rented before so I'm picking up the pace now to improve cash flow. 

@Jon Schwartz

It’s important to remember “trickle down economics.”

1) They start by taxing the wealthy

2) The money comes in

3) The wealthy find a way to avoid the tax

4) The government still needs that money

5) They pass it in to the poor and middle class

Just because they’re not raising property taxes now, doesn’t mean they won’t when they get used to, and stop receiving, their money.

Hello all,
I've been wholesaling and learning about acquiring rentals (own 1 property so far) for about one and a half years now, but is it really the best and highest use of my time?
I've played monopoly and really get the 4 houses for 1 hotel, but I also know people looking to buy into apartment buildings in my area.
Would it be a good idea me to spend my time building deals on apartment complexes or should I stick to finding smaller deals until I can trade them in to get into a larger deal?

@Nikki Closser personally is cash out. Seattle is a tinder box right now and if properties are still selling like wildfire I’d 1031 out of it and buy something else.

I tend to stay, or get, out of areas when I don’t understand what’s going on. Seattle is one of those areas.

@Avery Rustad I like to stay away from having tenants doing repairs, but if you’re treating it like an external transaction, then I don’t see anything wrong with that.

Just make sure he’s as qualified as any other painter you would use to do the work. Agreed on the rent. Just pay him cash. Keep it clean.

A lot of it comes down to education. A part of that education is learning how to understand the market and the cycles it goes through. @Kevin Hill, you have a great grasp of that.

When I hear from new investors, it seems like they believe investing fits inside a nice box. Gotta do a flip and then use that profit to buy rentals. This is the perfect time for rookies to decondition themselves from that mindset and develop tools they can use later on.

@Ryan Howell and @Kevin Hill both had awesome insights:

- Why not house hack a property by renting out the other room or unit?

- Do a live in rehab to that same property or another one when you rent your first one out?

- Get even more creative by acquiring those subject to an existing mortgage or with a lease option.

- Develop and implement lead generating activities by using social media and your web site (Carrot FTW)

All of this takes education. Wholesaling in Greenville NC has been slower for us, so this is exactly what we’re doing. Focusing on creativity and marketing is key at this point in time.

@Alexander Felice so is the value of the property going up, or the value of the dollar going down? 😉 Lol

Yea, this is where my thoughts lie.  

Hey, Jack! If the Overton Group aren't able to do it, I'd recommend checking with Brian at Flagship Property Management :)

Hey, BP!

I'm looking to partner with some more writers who create their own real estate/financial based content so we can backlink each other's relevant posts, and possibly do some guest posting. I'm using some pre-written content from Carrot that I'm modifying, but I'm also developing my own unique content.

Let me know if anyone would like to connect! If there's already a FB group that does something similar, please let me know :) Thanks!