All Forum Posts by: Stephen Franco

I have a buyer for 40+ residential units in Baltimore.  I need contacts ASAP for some good wholesalers or investors with connections down there.

Thanks!

Ok . i see now.

@victor jernigan you are correct about the age of our housing stock, but not entirely correct about the need for public assistance. We actually have a relatively small number of units that are occupied by Section 8 or the supported tenants, although we certainly don't discourage State paid rent. 

It's a sad state for America that there has to be so many different variations of federal money. But, we do have pretty strong job populations as well... Not that I would ever turn down a guaranteed check if it came with a properly checked out and reputable tenant

this system sounds a lot more sophisticated than what I do, but I Echo the sentiments of most people here, that you should be able to find an investment company or investment partner without paying an upfront fee. I know for myself, I'm always happy when someone wants to invest in rentals with me or through me and also in flips, and I see no reason to charge a setup fee

if its a good deal I always have buyers.

Although some of you have asked, and I've had mixed ability to respond... this is not to recruit students. 

I've thought for a while about education, and  Now I'm ready to formally go into mentoring and education, but am wondering how to best do this

Please give me your advice.

I am being asked to form or join a mentorship/education company (2 companies asking me to join, a few people asking me to teach them) and I'm trying to get input from this group on what would be most useful.


First. I am NOT selling this to the group. This is more of a survey than an ad. Certainly, if you want a formal program we can talk, but even if you don't please give me your input.


One company, based out of area (but in PA) is asking me to market their fully developed education system to this area, and be a local mentor. Once the student goes to their 3 day program at their home office (not taught by me) they would "come home" and begin work. then my role as their mentor would kick in. Their program is $3500 cash up front, and $3500 from the first X deals. Very experienced team behind it, all developed systems, etc. ... but a substantial up front cost

Another, locally owned company offers a program $2,000 up front and a portion of your first several deals (what portion depends on the deals). I'm more deeply involved, and my partner was a teacher for the major guru programs for several years. He is based in this region, as am I.


A third option is more of an earn-as-you-learn program. Just a few hundred up front ( flexible, depends on what student can spare, $500 or so) and a small monthly fee (for the website and support programs) and a % of each deal for a while (percentage based on what you pay up front and on the deal value). We provide (as do the others) a website, all tools and spreadsheets, mentoring (phone and in person) and also we build and host your company website and PODIO CRM for you. This would also be an option in the $2,000 program.


What differentiates this from IN NEPA? IN NEPA is a meetup group, a place to learn and network and share. these programs are for those that want a little more personal, direct, and hands on guidance and partnership

Just thought I'd toss these out to the group and see what people thought.

my rentals after maintenance vacancy management make about 15% and I do 10% of maintenance 10% management 10% vacancy. I can go with a little less, but in my area very often I make 20 +. So its hard to go on that much of a diet.

@garry thanks!

i buy sell and wholesale in the Wilkes Barre area. PM me

I have my stack of 20 or 30 K properties, and my be /c grade tenants to go along with them. 

There is headaches, but there's profit at the end of every month.

I'm moving now into higher and rentals and other capacity investments but I will continue to grow that sector of my rental business, because there are always people in that sector. 

Now, in my particular market 30k is not a complete crackhead apartment 30k is a nice supper blue collar lower white collar rental

. Take 30k to Boston and I don't think you could buy a parking spot