All Forum Posts by: Jessie Walls

Like how you are thinking however based on other agents brokers replies if your source is a MLS operated and owned by agents , agents may have lingering dibs on the property even after expiring.
however it could still be worth sending out a mailer or walk the neighborhood and strike up a conversation that you are interested to work directly after all agent relationships have expired. 
soliciting your interest to sellers isn’t a problem , it’s taking the seller away from their contracts are. 
Could get a lot of no’s but there could be a yes maybe a year down the road. 

Boring stuff but :

- ask around if your network or friends or friends would rent your hypothetical condo. Maybe even have post a ad with photos and location and be upfront “this is not a real listing but research. Your feedback is very much appreciated”. Maybe send it to landlords you know and get their take if the market would rent

- what is your staying power?  2-8months if you can get it rented out?

now if your network can’t get this place rented or you have feedback that it’s weak or lack of feedback…well there’s your data set. Why do this?  It’s $100k of your money that’s why. Is it worth it to do scenarios ?  If it’s not worth it, don’t invest.  

Don't think so. I asked my CPA and it was a No. using a HELOC from a primary for investment was a no.

As one assesses RE projects and deals; I tend to promote the question : Are you in expert fields that can break you? Are you an expert negotiator? Do you have real estate expertise? do you know plumbing , evictions, roofing, concrete, residential law WELL? Owning SFR or small projects passively is never passive and losing is very active.
I think the odds are against a single small time investor with littlE staying power. 
now going into a syndication it is a formal rehearsed plan: the costs and problems have been researched, there is experienced project mgr hired and even lawyers on standby to protect the project, property managers ready to reminder, collect , evict tenants rightfully and plumbers, electricians, trades mens will all go to a syndicated project any day than a small time landlord to do business. 

In syndications you bet there is strength in numbers. Your $50k is giving you access and influence on a deal over someone with $20k. 

I’m a fan of syndications because the road is clearly laid out with redundancies with professionals at every step of the way and I’m willing to pay or give $$ for its success. As I started out investing in small units, I never knew what to do in 3,5,8,10 years besides doing the same: hold on. Essentially I have zero plans. Syndication: golden map to force appreciation on a large scale flip. 

Lastly, many of the people who answered are older and may have invested int he 80s, 90s and are reaping huge benefits. As I type and as someone read this, there was NEVER been these forums or tools available so those early investors are talking about a time that will never occur again where little education will reap huge rewards.  

 Anyone else who are already investors , let’s all chat. 

Yes...willing to meet on Tuesday Thursday 10AM-2PM window.  Let do it.   

So anyone willing to meetup on Tuesdays or Thursdays 11AM-2PM in DBar Walnut Chino Hills?

What is the update with you Diamond Bar Resdients?  Brandon & Mr Printing Park?

Cool stuff.  Like this for this area.