All Forum Posts by: Andrew S.

I don't see anything wrong with the OPs actions.  If you feel someone googling your name and phone number is creepy, then you are in for a lot of bad news.... that genie popped out of the bottle a long time ago, and while we may not like it, it's not going back in.

And yes, I'm OK with potential tenants doing the same thing on me, if they chose to - I'm guessing some already do.  

Possible: yes.  Wise: probably not, unless you are really good or come across an unusual situation

for more discussion see also: http://www.biggerpockets.com/forums/93/topics/1439...

and several other recent threads

@Account Closed 

 Nice work - can you give a little more detail (e.g. what price range you are aiming for)?  what part of town?  The bathroom floor makes me dizzy.....

@Katie Seaver 

  Yes, multis tend to cash-flow a little better but they SHOULD, because they generally don't appreciate as much as SFRs in my experience.

Be very careful with 1.5-2% properties in Raleigh.  Those tend to be in very dicey parts of town.  Like all markets, Raleigh is very fragmented.  While there are those neighborhoods where you need to be very cautions, there are also pockets that are crazy hot (Oakwood mentioned by @Dawn Brenengen is one - Cameron Village, another, is getting SF Bay Area - like....

I'm not a wholesaler myself, so feel free to ignore this, but from a conceptual angle, wholesaling MLS properties seems like an extremely tough proposition to me. There are a couple of BP podcasts where people talk about doing it successfully, but I think you have to really know what you are doing to pull it off. You'll somehow have to succeed in talking the seller/agent into a VERY large discount in order to create room for your own cut in the deal. Since the property is out there for everyone to see, you'll basically compete with your own customers.

Again, apparently, it can be done, but I would probably focus on wholesaling unlisted properties if I were in that line of work.

Sign up for Jim Morton's real estate investment class at Wake Tech Community College. It's an evening class 6-9 I think, once a week for six or eight weeks. The tuition is 90 bucks or something. Well worth it as an intro to REI, but also to the Raleigh market, plus an opportunity to make some connections.

Next class starts Sept 10.

https://webadvisor.waketech.edu/WebAdvisor/WebAdvisor?TYPE=M&PID=CORE-WBMAIN&TOKENIDX=1745425843

@Colleen F. 

 Seems like you already offered to do whatever you can to reduce noise - I'd let them fight it out. 

Well, if you roll it into a self-directed IRA you can invest in real estate related activities such as buying notes or investing in crowdfunding ventures (there again, pay attention to UBIT if you invest in equity).

I agree with @Jim Sokoloff 

 and in fact, Jon Holdman has posted in other threads a  list of reasons why he doesn't think it's a good idea (and he articulates it much better than I ever could...) @Jon Holdman 

@Jason Phillips 

Yes, in fact the account HAS to pay for those expenses