All Forum Posts by: Sebastian Bennett

What neighborhoods are these investors portfolios located in? If I had to guess, I would expect D neighborhoods at best. Chasing cash flow in these neighborhoods is rarely a viable business model as I've learned. This is what attracted me to real estate in the first place. I thought I could grow a portfolio of cash flow producing real estate in lower tier neighborhoods but after speaking with a number of people through this platform and elsewhere, its a losing proposition. You are basically investing in a business, not real estate at that point. 

You should seek a tenant who wants to sign a longer lease. Of course the agent wants this tenant to sign a month to month lease so they can still collect a sale commission as soon as they find a suitable home! This is a no brainer, find a tenant that better suits you. If this is the best tenant you think you can get,  you probably shouldn't be buying the property in the first place.

This will come down to return on your money. What can you sell this home for as-is and what can you sell the home for if you spend the additional $450,000? Also, factor in time and risk and what else you can do with the $450,000 if invested elsewhere?

@Yocheved Beer  In this case you are frustrated with what's transpired. Don't let emotions get in the way of making practical decisions. It seems like the others are telling you to take the practical approach to the situation and you are going to be better off exerting the energy and money in new opportunities. I made the mistake a few years ago letting my emotions get the best of me and ended up throwing money down the drain seeking legal recourse when I was better served simply moving on.

@Juliet Banks  I am sure the same would apply if you were looking for attorneys in other markets.....perhaps that should be a red flag. I mean put yourself in the shoes of the sellers. Would you be willing to keep the mortgage in your name and allow someone to take over the payments? I surely wouldn't. I thikn this is just another ploy that these gurus sell because on its face its a way to purchase real estate with no money down. Seems great but is it realistic? I am on these forums fairly frequently and don't hear many success stories. Merely people who sell the concept for a fee. I could be wrong but that's what I'm seeing on these forums.

@Shango Collier Why in the world do you want a referral on a contractor who clearly overcharged for the materials based on what was written in this post? Setting aside what you say is drama there should be a number of red flats regardless. Not one person has stepped in to confirm the pricing seems to be in line with industry expectations.

Yes your follow up post makes no sense. The current administration just took office so anything that took place in 2022 is not relevant.  Also, Philadelphia has a number of employers that are strong and more importantly stable. They are not as impacted by the economy downturns. Lastly, based on your logic, only the cities that were awarded Amazon HQ's are worthy of an investment. 

 Lol post of the day!

@Justin Goodin No body cares enough to come inspect physical copies of your partnership agreements and you know that. For all we know you are an LP who owns 1% of these properties ownership structures or you are someone who helped raise money for a GP and in return was awarded the "co-gp" title even though no bank will ever accept your signature because your balance sheet isn't sufficient. Nevertheless you go out of your way to create the impression you are more involved than you are and suspect you use this to raise money from investors. In my books that's misleading but you know how to use your words to neither deny or confirm what anyone suspects of you though these forums and that's your gift.