All Forum Posts by: Isaac S.

I think you should challenge him to an old fashioned dual with flint-lock pistols, to restore you honor!!! 

Also, we're assuming that you did do a credit check and national public records check for evictions, and that all checked out?

@Jay Hinrichs actually I have had realtors and brokers employ all kind of manipulative tactics...very common is to call up potential seller(not currently listed) and say they have perfect off market buyer lined up to pay premium, only to find out the "buyer changed their mind", but now that they have me actively thinking about selling, and know what my price is, they try and convince me to list the the property....happened multiple times from the three largest commercial brokerages in LA area.

There is multiple types of subtle manipulations that can be employed on less sophisticated, more agreeable non RE people, by realtors, brokers, and investors....IMHO, that's one of the reasons why, generally, commercial brokers try to avoid letting sellers and buyers talk to each other.

My most recent acquisition I did not talk the seller once, only the listing agent and he used a bunch of different sales tactics during the transaction, and I am OK with that because it's his job to sell the place for as much as possible, as fast as possible. My offer was 10% below asking, all cash, 30 day...I did full inspection including sewer scope and financial DD, got another $40k credit for my DD efforts, despite actually trying to get $80k in credits, and they drew their line in the sand, take it or leave it....i still took it

@Eric James I never agree to buying or selling anything that is not beneficial to me, for whatever reasons I have at the time, I am only assuming that others operate on the same premise and therefore, that makes it mutually beneficial.  But, I do appreciate your cynicism/reality check.

I mean of course you have to expect certain types of behavior/tactics that are geared to buying for as little and selling for as much, as possible...but at a certain point if both sides of the transaction agree and close the deal with mutually agreed upon terms, with no fraudulent conduct, I consider that a mutually beneficial transaction...it may be more beneficial to one side than the other, but still a win/win.... or I could just be naive

Best of luck to you both!

As far as "...create psychological leverage..." goes, it depends on what degree of moral flexibility you delude yourself with to justify being a highly manipulative individual in order to get what you want.

In my experience, it is not a win/win transaction if one party is over selling(being highly manipulative)  the deal.

some sellers and buyers lie and use crude tactics and gross exaggerations  to gain psychological advantage in a transaction, creating a very adversarial climate that occasionally turns litigious.

that being said, most sellers/buyers want to work with other honest, intelligent, and fair/ethical buyers/sellers that can find a mutually agreed upon and beneficial transaction terms, so just being a good communicator(listening especially) and being highly competent and qualified, should be what you use to get it done....IMHO

Listen to @Bill B. I agree with him and believe he is correct, as long as there's no inside information or advantage you have with these specific properties that could have a material impact on their appreciation, that would be more advantageous than investing in the very specific location and asset class/type of your choosing.

Best of luck and be sure to consult a tax professional in your state.

Hey buddy, everybody else perfectly articulated the main point. Your own personal need to adhere to a specific schedule is the cause of this static. Just reschedule for when its mutually convenient because that is good customer service.  If for some reason, they play lots of games like 3-4 reschdules/cancellations, then you can escalate to enforcing the letter of the lease, as long as it consistent with you municipal and state laws.

After hundreds of tenants I have learned that their are great high functioning people that DO and DO NOT want you working in their place when they are or are not home. IMHO, it is the duty of the maintenance supervisor(even if the same person owns the place) to be aware and reasonably responsive to the tenant feelings about it, as long as it does not become negative impact on the property or management, or there is not some other mitigating circumstances(suspected illegal/dangerous activity) that require such rigid adherence to the maximum legally enforceable rights of the contract.

Best of luck!

If it were easy everybody be doing it successfully. At 20 you have very little life experience, you have only been legal adult age for 2 years, you're still not old enough to buy a drink, or buy a pistol in some states, not old enough to rent a car, etc, etc etc

How long have you actually been working in the RE field?

Patience young Jedi!!!

Good luck chasing unicorns!

The syndicators you want, are cryptic at best, or just flat out non-responsive because they have so much access to capital, the ones you don't want are exactly what you described.

I have multiple times posted on BP about syndicator referrals, and everybody gives the same BS "...you have to network to find the blah blah blah" I personally don't have the patience to be treated like either an annoyance for asking serious DD questions, or to deal with ****** deals that have nonsensical OMs

Sorry bud, cost of doing business....I recently had a deal under contract and the listing agent had it advertised at 450 sq.ft per unit....but, i did not pay close enough attention to the total building square footage divided by the unit number to realize it was only about 300 sq.ft per, and figured it all out during the very expensive inspection.

My guess is the lawyer's retainer will be 2-3x more than the $2k your out.

Consider what the previous post said about your financing options, it could actually be a blessing in disguise, especially if the city/county is not going to force a conversion back to SFR

I love how non-chalant you make starting a syndication sound.... why not just become a brain surgeon or hedge fund manager, while your at it....be sure to learn the violin and saxophone, too...

there are no shortcuts to bypass experience, and no experience teaches a louder more clear lesson than having your own equity(capital and sweat) tied up in deals

LASTLY...the pandemic saw the majority of syndications reduce or stop disbursements, while most individual investors were 100% collections combined with record breaking appreciation.

The real question, is how on earth did you expect this post to go?