All Forum Posts by: Lily B.

@Bryan - I wonder if the one you mentioned is the same one my husband invested in. It was supposed to mature in March 2024 (and yes, here we are in Dec). It was a property in NC. We just got an update today but still not much clarity.

Did your other investment at Aloha go smoothly?

Following this thread…. Anyone have any recent experience with Aloha? (Their offerings are now on a portal called “Swell”)

One of the current offerings is a loan to a developer in Denver, offering 11% and maturing in Aug 2025. This is advertised as a “protected” note as Aloha is supposedly fronting the first $100k in the line of loss. Total loan is $500k so the other $400k comes from other investors.

My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later. We’re still waiting for next steps on that one re: borrower repayment or foreclosure.

I'm looking for a local listing agent with sub-to experience for our STR property in Four Corners. Any recommendations please share.

We've purchased properties in TX, VA, and NJ. While in TX and VA the convention was to go about it without an attorney; we simply worked with the agents to draft and edit the contracts and addenda, in NJ it seems to be a shock to everyone that we would even consider buying without an attorney. Is it so that state-specific convention varies? For professionals in NJ specifically, what's your take? Is it truly foolishly crazy of us to even consider buying without an attorney? In TX and VA, the question never even came up and it seemed like normal course of business to just go through the process with the agents.

@Payton Chung Yeah, for sure. We were aware of the lease expiration in 2052 prior to purchasing. Good to know the onsite maintenance could be handy!

@David Thomas Thanks all for the insight! I was unaware that most sellers likely already committed to a total commission amount prior to listing so forging a buyer’s agent provides no incentive for them to lower the price. We’re going to get our own agent

Curious to hear how your experience has been with management. I know they offer onsite maintenance services, and for a remote landlord it can come in handy. If you've used their services, how was the experience?

Curious to hear how your experience has been with management. I know they offer onsite maintenance services, and for a remote landlord it can come in handy. If you've used their services, how was the experience?

@Suril Dalal Thanks. Yes I’ve already contacted the listing agent and asked if the seller would be open to the idea

@Darren Sager Previous times we purchased we didn’t feel having an agent was necessary. In the case of our current place (in the same county), we already had the exact place in mind and didn’t need to be taken on tours. Our attorney did 99% of the work going through contracts and negotiations. Our agent was there to facilitate the inspection and final walk-through. Otherwise the only times we needed him was when he relayed a message to the other side, which our attorney or ourselves could’ve done. We truly didn’t feel we needed a messenger. It would be different if we just arrived in a new town and didn’t know the area well and wanted to see some properties first before we decided, but in this case we’re local and have one specific property already picked out.