All Forum Posts by: Jeffrey Donis

Completely understanding what you are signing up for. If it does not make financial sense to hire a property manager, you will be the one taking care fo the property. Being a landlord has financial benefits although there is a reason why not everyone is cut out for it. B aware e that you will eventually have to deal with toilets and tenants if you do not use a PM. If you are able to afford a PM- great- although typically on smaller units there is not enough cash flow. You could always consider going bigger- 50+ units are more likely to make financial sense when it comes to hiring a PM. 

Reaching out to brokers and building relationships is the best way to increase your deal flow. What you want to have is a buying criteria before you do that and to understand that the brokers can potentially try to vet you to see how serious you are. The thing they want the most is to work with people who can close- and if you give them any concerns as to how likely you are to fail to do so they may not take you seriously. you want to be confident and show your credibility- even if you have not done a deal- you not only sounding but being educated plays a key role. Have the proper knowledge needed to successfully do a deal or find a partner whose experience you can leverage and then bring them up when reaching out to the brokers. 

Best of luck!

100% - the 1 thing we can control is showing up every day- being consistent and persistent. 

You could try calling them and acting as like a tenant- ask them all of the questions you want and you could even set up a time to go and see the property as mentioned above. They usually do have model units available. Best of luck!

Congrats! Looking forward to the turnout of the project

Hey Juan!

I am out of Nc and would love to connect.

I agree- start reaching out to mortgage lenders and building relationships. You can find them through BP by asking for recommendations for different lenders in the areas you are interested in. 

Best of luck!

It does work although you need to be consistent with it and it could take awhile for you to see results.

thanks for sharing!

List source+reonomy are good ones!