All Forum Posts by: Jeff He

Hi Eden,

Nice to meet another techie. What about real estate are you hoping to learn? What are your goals with real estate and what's your investment time horizon? 

Flips are fairly complicated (permits, contractors, etc on top of the normal real estate stuff), but not impossible. If you're getting started, I would recommend making sure you have a solid team of contractors scoped out since they can make or break your deal.

Any reason you prefer flips over other strategies? 
 

What sort of cash on cash return are you hoping to achieve? Where are you looking? I acquired a multifamily for about 100k, and it rents for about $2100 before costs. 

Lenders do consider market rents when evaluating a loan, but it doesn't need to be occupied for the loan to be approved. Personally, I prefer vacant multifamilies because I don't like inheriting bad tenants from a bad property manager.

@Alfonso Ceja

Congrats! Do you plan to expand outside of condos?

Has anyone sent an unpaid rent balance to a collections agency? What was the experience like? How did you go about selecting a collections agency? 

Can you send unpaid balance to collections if the tenant vacates before an eviction hearing occurs (Do you need a court judgement)?

I can also vouch for Re/Max

Just to clarify, is the expectation that they onboard 400 properties immediately or over a period of time?

@Jess Zavoral

Welcome! And congrats on taking the first steps towards real estate investing. I currently have a portfolio of multifamily properties. Happy to chat!

@Miles Dirmann

Analyze deals! Even if you don't make offers it helps to build up your instincts so you know what good deals and bad deals look like.

Ah, I'm investing in Cleveland, so I don't have recommendations for your areas, but happy to chat about how we screen PMs and the questions we ask.