All Forum Posts by: Tj Barrett

@Steve Morris I recently found a property in Oregon that is in Lis pendens. How would one in this state go about getting the property owner to reassign rights? Would I need to get a real estate attorney involved?

@Alyssa Dyer

That all sounds great! I’d love to find a partner out your way that could be my boots on the ground person. Have you worked with other out of state investors?

thankd for your reply rob. I am guessing your are the boots on the ground guy typically? Do you work with people looking to buy in the cleveland market?

Hey there! I am pretty new to BP so sorry if this is a dumb question. I have kicked around the idea of purchasing in a market that is no my own, due to the lack of cash-flow in my area. I have ties (from my college) out in the midwest, and am considering working an out of state partnership at this point to take advantage of the cheaper prices and better cash-flow. Could some of the more experienced out of state investors give me some advice on what they to "build their team" as well as if you have done any partnerships with a local boots on the ground person how that typically looks. Do you give them equity in the deal? Pay them a finders and management fee? I want to take care of that person so they feel like working with me is worth their time. Thanks. 

My first deal was off the mls. It was a property that had been on the MLS for almost a year. The owner had died, and the Family wanted their money. They had it listed for below market, but still didn't draw a ton of interest. This was mainly because it was a quite large (3000 sqft 7 bedroom house) in a working class neighborhood. Luckily for me I saw the potential with it being on 1.5 miles from the local college campus. I bought it up and have been cash flowing it ever since.