All Forum Posts by: Account Closed

Hopefully, you purchased at a low enough price that you can stand the low cashflow for the time being.  This may be a blessing in disguise.  

Why did you not inspect the property personally?  For the due diligence, why didn't you ask for bank statements to confirm that rent was being paid as stated?  The rent roll tells you nothing concrete.  

Do you have anything in your purchase agreement about fraudulent documents?

What I ve learned.being here peyton is.you need.to find a.niche you.want to specialize in, learn all.about.it, then find a mentor.paid or.not and bring them value by helping them in their business

David,

Thank you, sir.  I will let him know that I was sent to him by you!

Cheers,

MIchael Ibarra

@David Faulker  Who is your real estate agent in Phoenix?  I'm looking for a 3 or 4 plex.  

Chris, 

20-100 units to start to get a track record going, on my way to hopefully syndicate one day.  

See if you can do a partnership with someone.  

Ariel,

You other avenue is to syndicate the deal.  Find some private investors, but with such a small deal it may not be worth it since you have do get a SEC documents together, and that could cost you 10 to 15 K alone.  

I know REFM and RealData are both 500 dollars

REFM or Real Data?  Which do you use?  Or can you recommend another one?