All Forum Posts by: Jason E. Smith

Hey Parker,  send Scott or myself an email so we can be sure to add you and keep you up to date with meetup details. 

@Account Closed Thank you Oleg!  

Hello fellow BPer’s. I’ve invested in residential and small Multifamily since 2005. I’m ready to move into larger apartment investing and need help. I’m interested in hearing from folks who have been in a mentoring/ education / training program. There’s plenty to chose from. Lifestyles unlimited, Brad Sumrok, 37 parallel, Michael Blank, Real Estate Guys, Charles Dobbens, and plenty more I’m sure I’m missing. Please share your personal experience. The pros and cons. And if you had to do it all over again would you make the same choice?  Do you feel the value was worth the price?  Thank you!  

Congratulations Mike!!  Send me an email JESmith at EdwardMG.com and we can schedule a call to see how we can help. 

The Charlotte Apartment Association just had their 2019 apartment forecast this past Thursday. There were several syndicators there. I’m always looking for KP’s and LP’s to work with. If you’re interested PM me. Thank you!  

Hey Fred, have you drove by the property?   I’d be curious if the property is occupied or vacant. Typically the lender sends numerous letters to the property notifying of the delinquency and I’ve seen tenants get scared and move on their own before they are forced to. if you do buy it I’d personally bring on a property manager or lawyer to help proceed correctly. And there’s always a chance the property has a great tenant but the owner mismanaged their finances. In that case you could underwrite the tenant, get them back on track and everyone wins. Best of luck!

Hey Kris, the turn key provider I just spoke with the other day said there is no vacancy in investment property so you must be mistaken. Lol. All jokes aside, the first thing I would do is get suitable legal counsel before doing anything. One wrong move in handling this yourself and all the money you thought you were “saving “ by not hiring property management will quickly be gone. I haven’t personally had to deal with this situation because I have professional management for my properties so I can’t personally advise. But if you contact Kevin Stringari at Bottom line realty and management I’m sure he could help. Best of luck!!  

Hey Scheryl, are you purchasing a rental for tax benefits, retirement, cash flow,etc?  Depending upon why you’re wanting to buy will have an impact on what to buy. 

Hey Judith, can you elaborate on what you mean by flat rate broker and why they’re your preference?

Hey Rebecca,  I don't personally know the perfect person to help you.  But one great resource is your local Apartment association.  Your's would be the Triangle Apartment Association.  They will have approved vendors.  Another option would be to contact local interior decorators.  They interact with contractors on a very frequent basis and my experience has always been positive when getting contractor referrals from local decorators.  Hope that helps!