All Forum Posts by: James Wise

@Saheed Alam Never heard from you and you appear to be a continuation of a long line of BP members who write posts endorsing RTR without contributing to the message boards in any other capacity. Makes me wonder if there is some discount or incentive that's offered to RTR clients in return for posting these endorsement. There's simply too many like kind posts that continue to surface. 

If you're investing in real estate, are you buying for cash flow, or are you buying for appreciation? Are you buying rental properties to subsidize your current income? Or, are you buying rental properties to grow a massive net worth in the future? Depending on what you are trying to accomplish, you're going to need to buy very different types of rental properties. If long term wealth growth is your goal, you shouldn't be buying houses in cheap cash flow markets like Cleveland or Detroit. If legacy wealth is what you want, you shouldn't be focused on low end Section 8 housing. If you want to see your investment grow over time you need to focus on high quality properties in emerging housing markets. During this episode of The Investment Properties For Sale Show our friends at Rent To Retirement are providing investors with the opportunity to buy new construction homes in Cambridge, Minnesota. Cambridge is a rapidly growing town on the outskirts of the Minneapolis housing market. This is the perfect type of town for those investors who are more interested in creating long term wealth than seeing a couple hundred dollars a month in cash flow.

CLICK HERE TO WATCH THE VIDEO

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Like what you see in the video from my buddies at Rent To Retirement?

Want to buy this property? Have additional questions?

You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their Website or Socials below.

RentToRetirement.com

BiggerPockets

YouTube

LinkedIn

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Have you been using, "slumtenants" yet?

First, you should understand the at least 95% of agents that claim to be investor-friendly, are just commission-friendly!

Even if they have the best intentions of trying to assist an investor, they are clueless about how to do so. 

Their owner-occupied transaction experiences, which are majority emotionally based, doesn't transfer well to investor analytically based transactions.

Then you have the search for a contractor. As soon as most of them hear an owner is out-of-state (OOS), they think of how little oversight they'll have and how many corners they can get away with cutting. This is on top of the challenge that 50% of the contractors are crooks or incompetent to begin with!

What about PMCs? We've got a list of 134 of our competitors, here in our Metro Detroit market. We've color-coded the list with red = crooks, yellow = incompetent and green = okay. Over half the list is NOT green:(

You still sure you want to invest OOS?

If so, DM us if you want to further discuss how to maximize your chances of succeeding:)

I have some tenants I am considering kicking my out. They’re really great people, they’re clean, their dogs are well behaved but they just informed me that they had 3 people living there for 4 months. They have only been in the unit 6. I purchased the house in 2021 that was built in 1860…it’s cosmetically well done but I’ve struggled to keep a renter for more than 12 months. It’s drafty/quirky in a neighborhood that attracts young people. Because it’s at 2.8% interest, it’s my most profitable rental ($650 cash flow per month). I’m over there often - frozen pipes, backed up garbage disposal, a perpetual ant issue that all tenants have faced…but I really think the neighborhood is appreciating and constantly struggle with selling. These tenants have expressed a desire to stay long term and have been much more forgiving of the house’s quirks than anyone else. Also they’ve paid on time, but when do you say enough is enough and sell the property from under them? Maybe raise their rent? Maybe give them a warning on keeping people there? Would that encourage them to be dishonest in the future? How would you handle this one?

Oh God, I just got a Columbus keyword alert........

Prepare yourself boys and girls.....

THEY. ARE. COMING.

Hey everyone, glad to be here!

I’m Jeff McGrew, an active buy-and-hold investor and founder of WealthWise - Ventures. I’m currently focused on growing my rental portfolio in Arizona and Cleveland, OH, and I’m always looking to connect with wholesalers who need a solid end buyer for their deals in those markets.

I’m also looking to build stronger relationships with private money lenders interested in both cash and creative financing opportunities. If you're looking for a trusted operator who’s in this for the long haul, let’s talk.

Excited to connect, collaborate, and help each other grow. Shoot me a message if you’ve got a deal or just want to network!

– Jeff

WealthWise - Ventures