All Forum Posts by: Matt Skinner

@Justin GoodinWe have had a lot of success with it. Other owners are just like you. 

Grant Cardone responded to my SMS campaign from his cell phone (its in his YouTube archives) when I was marketing in Tennessee,.  You need a good skip trace to get cell phones, 

@Justin Goodinmany systems are available now to send automated texts and voicemails.  

Consistency is key!  Believe it or not, consistent communication (marketing) builds trust.

Automations. 

Setting up a system that gets motivated sellers calling you when they are ready to sell. 

The more offers you make the more deals you do and great deals are made, not found. 

DEALMAKER

Great post. 

Many markets are too hot to touch right now.

Buying a low cap market with little cash flow is for the people that have cash (financial freedom) they need to "not lose" because these properties are safe.

If you are seeking to attain financial freedom, cash flow is the key. 

With loans sub 3% who’s taking advantage of all of this “free“ financing?

And I say free because factoring long-term inflation especially after the last round of stimulus and the next round of stimulus 3% interest is basically free money.

One of the awesome things about HUD financing is you can lock in a sub 3% loan for 40 years and get up to 85% financing if you qualify.

The problem with these kinds of loans could be people overpaying for deals.

What’s your opinion?

Buying everything in sight with this “free“ money?

Or being optimistically cautious about the next phase in the market cycle?

I’d love to hear your opinion and/or strategy, 



@Robert Kough

It’s your building in your pipe so you’re responsible to fix it.

She pays you for the functional use of that pipe.

So by rights you are 100% responsible for the plumbing repair

If you fixed it six days after you were notified then you uphold your obligation

The water that ran through that pipe is technically her responsibility

But being a good landlord is less often about being right or wrong but about making a deal everyone can live with

@M Felix

I would definitely invest the 60 K in a fund or with the boots on the ground operator.

60 K is not gonna buy you very many units and the more units you have the more streams of income you have the save for your investment is

To get on an off-market buyers list

https://dealexchange.net

@Nicholas Urcuioli

First of all you wouldn’t value a three unit building based on Cape Rate.

Four units and under are considered residential and you would use the price comparison approach on an appraisal.

Cap Rate is purely a measure of risk and never a measure of your actual cash on cash returns or future gross profit

Places like San Francisco Los Angeles and Manhattan have way more renters (demand)  then there are vacant units (supply).

This makes these markets extremely safe because the risk of the whole building becoming vacant is almost 0

Markets with higher Rates like Ohio or Alabama must pay a higher return on investment because they are riskier markets with much higher vacancy rates and demand

and Manhattan have way more renters parenthesedemand

@Benjamin Aaker

You can purchase accredited investor lists. Leads will cost anywhere between two and $15 apiece depending on how recently they’ve been vetted.

You will still need to do the work of cold calling building relationship and all of those things. Just keep in mind you are not the only person they sell these lists to

@Einat Menashe

What types of deals are you hunting?

What part of Chicago?