All Forum Posts by: Jordan Meyer

@Matthew Jones How has your exploration of N.O gone? Any deals you can tell us about?

@Doug Cary How did this one end?

I did a modified BRRR with one in North Ogden last year. I bought from an investor friend who wanted a headache gone (with the tenant) so he sold it to me for about 15% below market value (via all inclusive trust deed). Then I refi'd at the appraised value with a lender who doesn't require seasoning on title, and it ended up being only $5k or so out of pocket.

@Brian Harker I BRR'd two properties in Weber county last year (yes, only two RR's because these didn't have much of a rehab). It's hard, yes, but not impossible. It's all about buying from the wholesalers. 

@RJ Schmertz

Mountain America credit Union

I'm doing research on a potential business idea, and I want to talk (on the phone) to small landlords (20-100 units) or property managers. I'll Venmo you $20 for your time.

@Vincent Di Nardo is this program still around?

Ditto what they said. Another strategy is to deed the property to your LLC after closing. It is very, very common here in Utah at least. Someone below will bring up the infinitesimal risks of the due on sale clause.

If so, what type of business do you run and what bank did you do it through? I've spent hours reading about this, and thought it might be easier if someone just shared their success stories on getting approved. 

Hi, I'm looking for landlords with 20-100 units who either self manage or recently began using a property manager (in the past 2 years). I want to get on the phone to talk about the factors that went into your decision.

I have nothing to sell and am only doing research at this point.

There is massive investment ($15 BN in 2019) and interest in the "proptech" space. For example, Redfin, Opendoor, and Homie are taking on the traditional real estate sales model. 

Here's my question: are you all aware of anyone who is doing this to property management? If so who?