All Forum Posts by: Tosin O.

Hi, 

I'm definitely willing to partner on deals. There's enough money out there for everyone. I have an associate of mine doing the mailings for me. What has been the most effective list that you've targeted? What do you usually use for funding? How exactly can we team together. I'm going to private message you my contact info. Feel free to communicate directly through email. 

I'm looking for 1-4 family residential properties. In Brooklyn there are several highly appreciating neighborhoods such as Sunset Park, Bed Stuy, Bushwick, & Crown Heights. Any towns in NJ that have similar percentage levels of appreciation would be ideal. I'll consider properties $500k or less. My rehab budget is $50,000 or less so I'm looking to stay away from junk properties that require a lot of rehab. Please advise if you have any other questions. 

I was told by an associate of mine that Jersey is a booming market right now. She said that there are towns with average days on the market of only a few days. It's been nearly impossible to find a good deal in NY because the market is so saturated. I would appreciate it if anyone could list the hottest towns in Jersey to do fix and flips. I'm interested in towns with the most equity. Sky's the limit as far as price because my funding source will lend 65% or lower of the ARV.

Instead of driving around different neighborhoods looking for abandoned buildings my research has taught me that all the different municipalities in the country have departments that manage vacant properties. I was told that every municipality has the department but some municipalities don't make the info on the properties available online. Some places you have to call to get info on the property and some you have to fax. I tried to find the vacant properties department in the 5 boroughs but wasn't able to find the department for any of the respective boroughs. Does anyone know how I could contact the department in charge of vacant properties in the 5 boroughs? For example, the Jersey city vacancy list is made available in the link below.

http://cityofjerseycity.com/vacantbuildings/

Does anyone living in the Houston area know of title companies that have a track record for working with real estate investors and will do Double Escrow aka Simultaneous Close and Assignment of Contract transactions?

I'm a Renatus supporter in NY. I have nothing but good things to say about the quality of the education. All the instructors learned what they know about Real Estate Investing from the most expensive school out there, The School of Hard Knocks. After these instructors graduated at the top of their respective class we're able to also do well investing. I have several of the instructors personal contact information that I use when I have a deal in their neck of the woods. The most you will get from a guru is an 800 number where you will be talking to someone reading from a script. The education is very practical and useful but what really separates Renatus from any other Real Estate Investment education company is the fact that we have local communities throughout the country. With these local communities we have members that will not only help you with your individual deals but will also hand you deals to partner in. Being that we all have the same education we're able to analyze the deal and easily determine if the deal matches our investment goals.  

The problem with going to a REIA or library is that you'll piecemeal what you know and eventually end up with holes in your foundation. As the saying goes "You don't know what you don't know." For example there are actually outdated books on seller financing with strategies that if you perform today will end you up on jail thanks to the Dodd Frank act. I tried reading books on Real Estate Investing but when I had questions I was stuck. Now if I have a question I can easily call or text a member of the group.

Thanks to the nationwide community we're able to do deals in different parts of the country without ever seeing the property. I can just pick up the phone and easily ask them to help me with my due diligence. They will also be able to recommend an agent, contractor, appraiser, title company, property manager, etc. 

It's far from a network marketing company or MLM. It's a Real Estate Investing education company with an optional direct marketing component.  If you're not interested in marketing you can just concentrate on doing Real Estate. The best part of the marketing program is that it actually improved my Real Estate business by introducing me to people, deals, and resources that I otherwise wouldn't of been exposed to.  

I'm surprised to read all these negative experiences in the bulk REO market place. I've been dealing with bulk packages for 4 years now and have not had any problems assisting REAL buyers. I'm working with a buyer now who unrealistically wants a 50% discount in the prime areas of Manhattan. I'm in the process of going through the package and showing him what REO's are being listed and sold for so he can adjust his expectations.

 As you guys mentioned above, I have also come across banks who are renovating properties. In my opinion they are able to do this because of the bail out. 

I have a off market 137 unit apartment building complex available in Tampa. If you're the decision making buyer and have any interest please email and I will send you more info. 

[email protected]