All Forum Posts by: Shawn C.

@James Stevensundefined

Thank you for the information I really appreciate it.

Hello, 

I have been investing in SFR fix and flips, new construction and wholesaling and well as purchasing NPN's. I really want to get into multi family investing like apartment buildings but I don't know how to get started or what I am doing. Can anyone suggest a good resource(s) for learning this?

any and all assistance is greatly appreciated. 

How is this working for you and are you still doing this?

@ Kathy Stewart

Thank you for much for your feedback. You along with everyone else is assisting me in becoming a much better investor.

Shawn

What kind of list or criteria are you looking for?

Keep in touch with me. After my current deal is completed I will give you the name of an investor to stay away from in the San Antonio area.

I want to thank everyone from the bottom of my heart for all your feedback and comments. Everyone's feedback and comments has helped me expand my thinking and approach this from some different angles. Because of everyones input the deal is still alive ad it is because of all of you. I can't thank you enough.

I will keep everyone posted on this deal.

@Justin R.

Thank you again for your feedback and you bring up some great points. Your points as well as everyone else's is GREATLY appreciated. You along with everyone else is making me a better investor.

Shawn

@Brandon Turner

It doesn't sound to bad of a deal but just because he is a friend I think you should still try to negotiate down. I would request to keep the financing in place as planned. I would then ask him to drop the price to 475K and here is why. You are paying the back taxes not the seller. You need to get the other units rent ready and there are always unforeseen expenses. You are going to have marketing costs and probably need to change the name of the building as well as paint it and other landscaping to show a new Omer is taking over and make it more attractive to prospective renters. Plus I'm really conservative and I also believe you should pay based on what current rents  are and not hwat they cold be.

I feel if the seller truly wants that price the they should pay the back taxes, renovate the vacant apartments and get them rented. 

Just my 2cents worth. Either way I hope it goes well for you and you are happy with the outcome.

@Justin R. I really appreciate your comments. 

Like I said I am still  learning and your comments along with everyone else's have been most helpful. It just does not make any sense tonave someone sign a NDA and not provide the information requested. Then again I am learning and I also need to be flexible,while,protecting myself.

Your inside is greatly appreciated and thank you for,taking theorize,to,respond to my post.

Shawn