All Forum Posts by: David Cowan

Welcome to BP, @Martin Quiroz

I hope we can work together on some deals, some time! As you have probably already seen, there are tons of resources here. All the best to you!

Welcome to BP, @Richard Kolostian! I love this place since I've become more active! So much to learn and gain here. 

Nice problem to have. I'm going to inbox you! Maybe we can JV on some deals. I'm in LA.

@Brandon Turner I'm constantly working on step one and step six. But, I'm presently on step four- looking for property. Once, I've located something (I just might have a deal today), I'll pay for the deal with OPM..when I sell the deal to one of the flippers on my buyers list.

Good question, @Vanessa Ryder. I'm curious about that too.

@Brent Coombs  - I'm from Cleveland, but I live in LA now. Are you wholesaling in Cleveland? Seems like it's kind of tricky to do there. The laws aren't friendly towards wholesalers. What strategies are you using in the Cleveland area?

Welcome, @Amberle Farthing! I'm a wholesaler in Los Angeles and may be moving to HAmpton Roads this year. Checking prospects right now.

Welcome, @Eric Mayer! What sort of investment strategies are you focusing on? Flipping? Wholesaling? Buy and hold? Something else? I'm a wholesaler based in LA for the time-being.

Jeff Stewart is right. Be conservative with your numbers. If the deal works with conservative estimates, then you might have a deal. Just decide what you want to make up front (either a certain percentage (12 percent as a low end) or a flat number (say 20k minimum is the lowest I've heard of people accepting). But only you can decide what amount of profit is acceptable for you. These were just numbers the investor buyers I'm in contact with are asking for at a bare minimum.

@Kory Clark - check this link out! It's a biggerpockets video talking about syndication for an apartment deal.

https://www.youtube.com/watch?v=OG34zQXwZdU

The other thing is, if he's not forthcoming with financials, maybe he's just not that motivated.