All Forum Posts by: Chad McLeod

Maybe it's just the cynic in me, but I would be wary of paying someone for their "knowledge," especially if it's someone you don't know well.  You could learn from that person, or you could get screwed over because they see it as an opportunity to take advantage of a newbie.  

I agree with the others who say read as much as you can.  In my opinion, books ARE mentorship and a cheap form of it at that.

Thanks for your input, Kenny. It's a SFR in Parma. I did recently pick a PM though so I am no longer looking.

Thanks to everyone who replied!
  

Thanks, Anna!  It was great to talk with you as well.

Thanks, Brian!

Hi all,

Does anyone out there have a good PM in the Cleveland area they work with?  I've contacted Allstar and IIP and both were unresponsive, so I'm still looking.  Please only recommend someone if you've worked with them and have firsthand knowledge of their services.

Thanks in advance!

I don't look at it like why did it take 8 years to take the plunge, I look at it like how many people have the determination and resolve to stick with it for 8 years before making a purchase?  I doubt it's very many. 

Seriously, congrats on all your hard work paying off.  I'm sure you're going to do big things in RE!

Hi Dana,

Are you referring to a commercial deal?  If so, I am certainly not the right person to answer that question.  Heck, there is a good chance I'm not even the right person to answer if you're talking residential! :)  

But to answer your question as best as I can, if credit is an issue I think you would have to look at private lenders and/or hard money lenders.  But like I said, there are many people on here who are more qualified to answer that.

I feel like most of the comments are focusing on the networking part of your post and largely ignoring the capital part.  I'm not saying you shouldn't try to get better at networking, but without capital I think it will always be a struggle no matter "who you know."  If you have capital you can deal from a position of strength, and at that point it's more about what others can do for you rather than the other way around.  

I should add that I'm also introverted and I only invest in residential properties, so my mindset may be much different than someone who invests in commercial properties.  But I know for me everything just kind of snowballed after I picked a PM -- they put me in touch with a good RE agent, good lender, and so on.  From there I can leverage those peoples' expertise on strategy, deals, etc.  Now that I write that last sentence out I realize some might consider that a form of networking, but I guess the point is I feel like I'm letting someone else do the networking work for me.