All Forum Posts by: Charles O Peters

@Danny Randazzo and @Chris Salerno . . . thanks for the feedback!      Good thoughts.     How do you find your people?    (I've got repairmen / property managers covered, but wouldn't know where to look for someone like an Acquisitions Manager??)

Hi,

I'm in FL and can't make it to the seminar live . . . are you guys offering this via webinar / zoom?

To clarify, I'd consider myself to be experienced (I've bought and sold 4 apartment complexes and currently own 7 complexes in 5 different states - FL, AL, GA, NC, and IL), so I've kind of outgrown my local REIA's. I need some help with tightening up operations, delegating, and setting up systems for finding properties and negotiating acquisitions - I do all that myself right now - as I feel like those are areas that we could do better in.) I'm not looking for a syndication program.

Any thoughts or suggestions?

There's an investor's meeting tonight at the Wahoo Grill on North Monroe Street.   It starts at 6:00 pm.   There will be lots of people there to network with and it's a great environment to help you get started.   I want to say the admission is $20 per person but it would be well worth it.

House hacking is the way to go.   Perfect for a new / young investor.    There's an investor's meeting tonight at the Wahoo Grill on North Monroe Street.    Starts at 6:00.   Go there.  Network.   You'll find a ton of info / people who can help you get started

Yeah, we bought a bunch of hurricane damaged townhomes in New Bern and have had a real challenge finding contractors, so we actually had to bring people in from out of market.   If you're doing the work yourself then, yes, I think it would be a great area.   If you're looking to hire everything out I would go a little further inland.

If I had to pick one thing that's most important I would say Cap Rate . . . ie, what's the Net after you back expenses away from income?    But yes, to your point, there's a hug difference between a new house in a great area at a 7% Cap Rate and an old house in a high crime area at an 8% Cap Rate.   (Go with the new house all day even if the Cap Rate is lower.)   So, yeah, it's definitely not the ONLY thing to look at - real estate investing is kind of an onion (lots of layers) - but I'd say Cap Rates are most important.

You've got to confirm showings.   We text an hour prior to a showing . . . "Hi, it's Charlie.   Just a quick reminder that you have an appointment to view 123 Main St at 10:00 am today, in about an hour.   If you could please respond to this text message to let me know that you are definitely coming and I'll look forward to meeting you then!"    If we don't get a response, we don't go or will send a follow up text.  No shows are a massive time waster.