All Forum Posts by: Jeffrey Holst

Originally posted by @Mitchell Van Overloop:

Would love to meet up with any or all of you guys! I am a little on the smaller side with one flip and a duplex, but am looking to getting into more deals. Do any of you guys know of a bigger pockets group in the area to connect with that they always talk about on the podcasts? Looking to find private/hard money for some more deals.

I'm in Hudsonville 4 or 5 times a year.  Id be happy to meet up sometime.  

@Paul Leason Id like to do that.  Feel free to message me via BP or give me a call.  

Thanks to every one for the welcomes

I don't know them so I can't comment on them. my partner pretty much handles all our inspections so I really can't make any suggestions there either sorry. Best of luck.

@Tim Halperin  See this thread

@Tim Halperin a lot of it depends on what you mean by multifamily. There are always a between 20-70 duplexes on the market in Chattanooga. If you are looking for deals between 5 and 20 units the selection is much smaller and those that do come on market are usually not amazing returns. Most of the real good deals in that group trade off market. The bigger ones 20+ are relatively few and far between but same kinda rule applies what does sell trades primarily off market. For what it's worth, I think duplexes in Chattanooga represent a great starting point since it's still possible to buy them in stable areas in the 100 to 120k range and get rents at or above 1% of purchase price. The lower end duplexes have even higher rent ratios but I wouldn't really want to manage those from afar. Welcome to BP.

@Jenna Crye and yes Kelly has been great

@Kelly Rastatter the alert triggered for me

@Jenna Crye glad you are back was starting to think you abandoned us. Hopefully I can make it next week. Also I'd like to encourage you all to share this meet up time with as many people as possible.

@Ryan Thomas hit me up and let me know what you are looking for. It's possible I might be able to dig something up for you.

@Jon Kelly  You got it right but as long as the annual interest rate was paid the equity would be split 75% / 25% if the annual interest had not been paid yet then yes everything after the 15K per year would be split 75/25 in your favor.  Obviously this was just an example but something along those lines would be where I would want to do the deal if I was you