All Forum Posts by: Chris Salerno

I would like to find a small mom and pop apt owner. Ideally I'd like to start with seller financing or maybe even do a master lease on a smaller apt building so I can learn the ropes.

I'm not exactly sure how to find these kind of sellers who would be interested in seller financing. I'm located in San Jose, Ca, idk if there are people who will take a young guy seriously. Do you have any recommendations?

Hey Everyone,

I just came across this very useful document that @Joshua Dorkin, BP Founder, assembled to help users better utilize BiggerPockets to grow their companies.

Using BiggerPockets to Grow Your Real Estate Business

If you're looking to grow your brand among real estate investors or are just trying to figure out how to get more leads by using this site, this is a document that you should really spend the time to go through.

Thoughts?

@Chris Salerno @Tj Hines @Frank Patalano @Anthony Franklin @Adam Carswell @Simcha Davidman @Dovid Preil @Michael Skoczylas @Ellis Hammond (Linkedin cross-pollination 😊)

Hello everyone!

I am a young, motivated Marine Corps Veteran looking to get started in real estate. I currently work a 9-5 stable job; however, I have the mindset to pursue this field full time. I am at a point in my young life where I am dissatisfied with the system and being comfortable with a JOB (I.e. Just Over Broke). This is my first post in this discussion thread and I am looking to meet like-minded individuals and/or individuals who have have success in this line of work who are willing to share their experiences, knowledge, and advice.

Thank you,

Drew

I have a buyer that wants to purchase my 14 unit apartment complex with owner finance, I currently have a commercial loan on it, so I do not know if that is possible. I currently owe 480k and they offered me 615k with 90,000 down and a 5 year amortization.

Hi BP community! My name is Luke. I am a RN currently working full-time. After listening to Brandon and following such talented and smart investors on this platform I am encouraged to pick up a deal. But as we all know, it is easy to shoot yourself in the head if you don't know what you are doing.Thanks Guys!

I'm looking for a little inspiration here. I haven't posted in a while, probably because I haven't been thinking of real estate much lately.  I "started out" 5 years ago when I read "Rich Dad, Poor Dad," and dove in.  24 year old me had stars in his eyes, chasing after this thing I just learned about called "Financial Freedom" without knowing what the heck I'd do with it when/if I ever got it.  Bought a duplex that doesn't cash flow and now here I am, approaching my 30th revolution around the sun as the tired landlord I said I'd never be.

I realized that just not liking my job wasn't enough of a motivator for me.  So I dug a little deeper to find out why I'm after it and scared myself when I found out: I don't know!

So, investors on here, especially people starting out: why are you after this Financial Freedom goal? Does it go beyond the finances? What really makes you enjoy investing in real estate?

I have a very serious LP/Passive investor ask me today how they will be protected in a new deal. How have you responded to this type of question in the past? He's looking for mid-teen returns open to either value-add or ground-up development deals. 

I'm a newbie real estate investor and have been analyzing properties in Portland, Oregon. I'm having trouble finding anything in a decent neighborhood that cash flows. My goal is to rent out my townhouse and purchase a 2-4 unit multi-family property on an FHA loan. I'm a physical therapist so I don't have all day to search for off market properties, though I have tossed around the idea of becoming an agent. My question is, how many of you bought your first multi-family deal off MLS compared to off-market deals and how did you find those deals? I don't want to buy a property just for the sake of buying a property or buy a property where the numbers only look good because it's a house hack. I have the money for a down payment. Any wisdom would be greatly appreciated.

My wife and I are in our first year of MF investing; learning a lot by reading books, watching videos and podcasts, and attending Meetups and seminars around DFW. We've invested in our first deal. 

The deals we've seen have so far had an underwriting time range of 3-5 years. Why is that range so typical?

One big reason to get into real estate is to hedge against inflation and as a means to get long-term cash flow. That's the mantra I hear from people who buy, hold, and rent out SFRs, but I don't hear that in the MF world; the message I hear is getting in and out of a deal in a few years. Is there a reason syndication wouldn't work for a 20 year or longer period? Or is the legal and financial system structured to offer substantially better returns to these shorter deals?

Thanks!

We just started a brand new podcast and was wondering if anyone had any suggestions on how to promote it.  My main objective is to build community and share experience/inspiration.