All Forum Posts by: David Martoyan

@Wade Wisner 

Jacksonville has seen some significant changes over the years, with pockets of revitalization and a strong influx of new buyers driving growth. Finding the right realtor/wholesaler can be a huge advantage, especially someone who knows the local market trends and can spot areas with hidden potential. With your construction background, you’re already a step ahead. Best of luck diving back into the Florida market! 

 Exactly, that is a very valid point just ask WHY? and I am over 90% certain they wouldn't be able to provide a valid and a reasonable answer. 

@Jevani P. Barron 

First off, congrats on locking down two contracts, big step forward! About the buyer’s suggestion, I’d be really cautious. Terminating your contracts could jeopardize your position. You’ve already done the heavy lifting, so giving up control might cost you more than you gain.

Ask the buyer why they want you to terminate the contracts. It’s worth understanding their opinion and sometimes this kind of request means they see more potential in the deals than they’re letting on. If they’re serious, they should still be willing to work through you under your terms. I’ve seen situations like this before, and keeping control of the contracts has always been the better play. You should always protect your position, make sure everything is in writing, and don’t hesitate to explore the full value of your deals by marketing to other buyers. With the right approach, you can turn these opportunities into great wins!

@Jake Baker Man, what a tough situation.It’s a real reminder that even with solid plans, even with checking out our numbers a thousand times sometimes completely unexpected disasters can hit hard and mess everything up. Like in my mind that is truly the last thing on earth that I could imagine to mess up my real estate investment plans with some idiot with a stolen car crashing into your property and escaping and I imagine how you felt when you found out.  That insurance lesson is gold, props to you for keeping perspective and having a solid team to help you navigate through it. Here’s to smoother projects ahead!

@Alan Asriants A lot of insight, appreciate it! and I cannot agree more that BRRRR works extremely well with multifamily real estate most of the time, when you start buying distressed multifamily buildings with 10+ units, especially with a discounted price, that is when you truly start making money with BRRRR! But unfortunately those types of deals are not really available for a lot of real estate investors.

Thanks for sharing your insights Bonnie, I love the approach that you take! 

@Dan H. 

This makes sense, especially regarding the impact of rate increases on BRRRR and the importance of pivoting strategies. Alternate rent models can work in specific situations, but as you said, they aren't always superior to traditional LTR, especially after the costs and effort.

In my experience, finding deals with strong potential for cash flow, often means digging deeper into off-market opportunities or unique property types that traditional models overlook. It’s a little challenging but I think there’s still room to uncover creative solutions that work.

@Peter Mckernan 

This is a great well-rounded perspective, Real estate is one of those fields where no two deals or markets are exactly the same. The radio example you shared really drives home the point: what works in one market might flop in another, but the key is not being afraid to pivot and learn from it.

I also really liked your point about keeping the reps up. The more properties we walk through, the better we get at spotting potential issues before they become surprises. That kind of experience builds confidence and reduces risk over time. You have to practice and find smart ways to move around 

PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers. Thanks for sharing your insights!

 @Gi'angelo Bautista Exactly,  It’s an investment in knowledge that pays off over time. Plus, building those relationships with contractors and suppliers while gathering numbers can lead to better deals down the road. You build more accurate numbers and you are able to give more accurate offers! 

@Dan H. Interesting perspective, Dan! How do you see the cash flow issue evolving in your market? What Are there creative strategies investors are using to offset those negative cash flows?