All Forum Posts by: Tristan Scott Zell

Hello David Greene,

Thanks for taking my question. I recently got my first fourplex and I’m looking to do brrrr with a partner, because of my lack of capital. I feel like I have some value to give to a potential partner in terms of hustle and seeing some properties in my market that would be good brrrrs or flips. I have been having the challenge with all of the information on BiggerPockets about low money down or bring a partner. It’s the classic does the chicken or the egg come first. Ive heard many times that if I have a deal the money will come, but I don’t know if going out and custom mailing these properties owners will result in anything if I can’t find a partner. What would be the one key thing to appeal to a potential partner? And how should I ensure that the property is a deal before making any commitments to the seller? My biggest fear is to say to a potential seller that I’ll close but then not be able to because it isn’t a deal. I think I already know the answer but want to be reaffirmed. Thanks

Im a new agent so I pay attention to recent sales in my area as well as the days on market and interest rates. 

Hello @Kathryn Click 

I recently did my first househack here in Maine. Though I am not familiar with the Philadelphia market I do have some tips on making this a little less overwhelming despite the market you are in. I am assuming that in your market its hard to find cash flow unless you go where you may not want to, my advice is even if it doesn't cash flow it may significantly reduce your living expenses while getting you that industry experience. To add to what some other people are saying, if you go where theres cash flow and you are self managing you may end up overwhelmed if you have never done anything like that before, just one thing to consider. Another thing that I recommend doing is talking to real estate agents, property managers and other industry professionals to get more comfortable with the location you do decide on. And lastly I believe that what helped me become less overwhelmed was just looking at a lot of real estate deals, the more able you get with running the numbers the more opportunity you will see. I hope that helps. 

Hello!

@Mike Goldstein  I am from Maine and my father owns a small handy business that focuses on larger remodels as well as rentals. We use a PayPal Business account, you can itemize everything from materials to labor and it then allows you to bill the customer using that. We aren't big enough to use a construction software though I imagine it being more thorough and helpful for the larger projects. Hope this helps.

Hi  

@Bethany Turon@Bethany Turon

Hello Drew! 

Yeah I would love to connect and talk some real estate. 

Hello BP!

I am currently in the process of buying a 4 unit in Gardiner Maine and want to get to know other landlords, property managers or other real estate professionals in the area. Please feel free to reach out and I would like to get to know you, what you got going on and the overall market in and around Gardiner. Thanks. 

Great meet up! @Dan Weber thanks for setting it up.