All Forum Posts by: Cody Lewis

Tax assessments are triggered by the sale/purchase of a property. You will need to factor that into your underwriting.

Hey @Albert Simeone! We're looking for some similar but slightly bigger properties in the area too. I'm going to reach out to see how we can help each other.

Your list looks good. Here are some resources that will likely help you with #2. For #3, remember it's a very low, like < 1% chance, someone will bite. It's a science to sales up front then an art when you actually get in touch with someone.

https://www.biggerpockets.com/...

https://podcasts.apple.com/us/...

You could look for local Wholesellers in your area. They likely have done a ton of marketing to find properties that are off market. Or take some of their approach with sending out mailers, putting up signs in neighborhoods you like, etc.

Usually the split depends on who's bringing what to the table. If you're bringing the finances and the management but they're doing the renovations, maybe you get a bigger split. It likely needs to be an open discussion between the three of you and you need it in a written legally binding agreement. I cannot stress enough the importance of getting things laid out legally, especially when dealing with friends/family.

Hey Marwan and welcome to South Carolina! If you're in the upstate, I would highly recommend attending the REIA group there. They do a fantastic job and it's well attended. You will likely be able to make some great contacts there.

https://www.upstatecreia.com

I'm a big fan of https://www.grayreport.com as a resource. Spencer brings in a ton of information in a consolidated place. It's normally my daily read.

Sorry to hear about your experience but thank you for the warning! 

Take a look at FileMaker. It’s a database software that can have a really nice front end. They have certified devs all over the country that could make something custom for you. 

Congrats on the upcoming addition to the family! If you're looking for others that have come from the medical field I would recommend connecting with any of these folks. Their stories are very similar!

Vikram Raya

Savannah Arroyo

Dr. Jeff Anzalone