Would love to pick a local experts brain or have a second opinion with someone more knowledgeable. 

Both Hammond Investment Partners and Davalls Hospitality will create Jesup Lodging, LLCJesup Lodging, LLC intends to acquire the Baymont Inn and Suites in Jesup, GA for around $977,500 for the purpose of increasing the NOI to raise the valuation of the property to $3MM within 5 years by increasing occupancy and nightly room rates through expert management and improving/updating the property condition.A Comparable limited service hotel in Jesup is currently listed for $2.5MM (Quality Inn).

Without getting involved in some money scam, I decided to come to the experts and ask for factual information.

Your next task will be to find an expert operator in the asset class and market you’ve selected, and we’ll dig into that process in our next blog.

I got paid they lost their house.Please read every creative deal book and get educated from experts like Joe McCall,  John Jackson,  Joe Crump and others.Best to all.

@Jacob RudgeHi, I am by no means an expert either however from what I have been reading up and by what you are saying.

I personally only have interest in investing in my local market that I'm an expert in. 

To effectively ramp up and learn as a real estate investor, which of the options do you think is best and why for someone starting out:1. learning through professional coaching where multiple calls are setup with an expert2. learning through becoming a money partner in a JV partnership with an expert that is active in the partnership3. not considering coaching nor JV by learning through solo action as an individual Some examples of effective learning to me are:- understanding a particular market and its fundamentals- learning how to force appreciation through rehab and renovation which includes interfacing with general contractors and understanding city requirements for say a duplex conversion- finding off-market deals without spending too much money- placing offers on deals with the aim to close

But that sounds like a low paying job to me.From what I've seen in the area, you need to do substantially better than the 1% rule to make sense in the City of Syracuse because of the high property taxes (~3.4%) and high cost of capex with the brutal winters and relatively low income population.That's just my observations, I'm by no means an expert.  

I am so DETERMINED not to let this happen and that’s why after 4 months of not doing ANYTHING I’m reaching out on BP for some expert insight and advice.