All Forum Posts by: Casey Miles

Hi Kenny,

I wish you well in your ventures from afar. I beleive you could run into issues legal wise being only 16. Can't enforce a contract on someone under 18 let alone the difficulties of doing it in another country.

You're asking a lot of your team member, what are you bringing to the table?

Take care,

Casey 

Hi Ted and Welcome!

@Michael Hacker organizes a monthly meetup. It's typically held in the east valley (tempe/scottsdale) area. It's a "Happy Hour" type meetup. There is a good mix of experienced and novice investors. Good group of guys/gals to learn from.

Take care,

Casey

I know a lot of lenders don't like doing mortgages at too low of a price point (not enough meet on the bone). I don't know the specifics and if these are hard policies or general practices.

@Adam York, You'll learn to appreciate @Account Closed communication style. If you remain patient you'll actually learn quite a bit from him. If you really want to get him going start talking/asking about CAP rates!!

I believe Bob is more of an appreciation type investor. He's obviously in the financial position to do that. Most investors that are starting out or investors that are poor, as Bob would put it, do mainly look at cash flow. As you learn and grow you'll look at both. When you're at "Bob" status is all about appreciation.

Welcome Tracy,

That sounds like a very rewarding job/career that you've started. Does your organization actually provide the housing or source/look for housing? Some organizations do both.

Take Care,

Casey

Hi Stephanie,

Yes, most local REIAs do charge a small fee. There are some local "meet-ups" that don't charge. @Michael Hacker organizes a great meet-up that's typically in the East Valley. There is a good mix of seasoned investors and those that are just starting out. There is actaully one this week.

Where?

Bar Louie (Tempe Marketplace)

2000 E Rio Salado Pkwy #1220, Tempe, AZ 85281

When?

May 26th, 2016

5:00 - ?

Mike,

Unfortunately I'm traveling last minute and won't be able to make it this week.

Take care,

Casey

If you do the legwork, take the calls, and set the appointment, etc I'll help you evaluate the property. I have MLS access, etc. so I can help with CMAs, etc. I won't charge you anything, maybe a beer or two if you twist my arm :)

Beleive it or not you're doing the hardwork now.

Hi Robert,

Interested in what? No one will pay for leads if that's what your asking for?

Be patient, find the "deal", sell the deal, rinse and repeat. Don't let anyone take your $. Build experience and then look for someone to JV with.

Be patiently aggressive my friend .

Take care,

Casey

I have always found with service based business it's best to pay what the servicer asks. I always feel if they discount the rate/price they'll discount the actual services provided. 

Negotiating on the property, a physical item, is what you should focus on.

I'm looking to sell 2-3 single family homes and buy a MF. I've been quoted a per transaction cost (each sale, each purchase being 1 transaction) I'd be looking at 3-4 transactions in this scenario. How much in fees have you guys experienced with your 1031s? I'm not talking about the fees associated with selling/buying the actual properties just the fee for the 1031 itself.

Thanks in advance,

Casey