All Forum Posts by: Jonathan Greene

No first-time homebuyers programs will work for rentals. The premise of those opportunities are based on you living there for an extended amount of time.

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be. This helps you determine what offer makes sense to you. The land assessment value is on the tax assessor's site in every county, but that doesn't hold a ton of relevance in my opinion. It also depends how distressed - knockdown, full gut rehab, cosmetic rehab, lipstick flip.

Yeah, the cap ex is only one of five factors. When you take all five together they should paint a picture, but I also mentioned your gut is important (not your emotions). I think they should all be constantly on a sheet moving around. Like when a tenant is a disaster, you are going to move that one down in some spots.

Reach out to @Jake Fugman and @Jonathan Klemm who are both investors and licensed agents in the Chicago area. Also, @Sarita Scherpereel. All of them may have brokerage advice that fits what you want.

Welcome. Look up Michael Blank and apartment investing together and you will find a great resource who is giving a ton of info away from free on how to start in apartments.

Pop into the forum just on flipping and you will get a ton of value just from reading. Also, James Dainard just came out with a new flipping book, The House Flipping Framework. Those are great places to start.

Whenever I had a max complainer who uttered a word about any review not at five stars, I immediately comped their stay, apologized, and made sure they didn't write the review (even when they were a scammer or crazy person). A 1-star scammer review isn't worth the money for the stay.

You can put your license in referral at most brokerages and pay no fees and still be able to do referral business. Ask your broker if the brokerage has a referral division and if there are any costs.

This is a great response. Hard money is for quick flips, the quicker the flipper. You are betting too much on the refinance portion if you try to BRRRR with hard money. What if rates go up or your appraisal value goes down because you do a trash reno? The same could happen on a flip, but you have to sell the flip at some price.

Yup. All seasoned investors know who to run the deal by before they write and that person would always fit my five point definition of a deal killer. It's basically a sanity check. Gurus pray on new investors who don't want a sanity check, but only want a warm blanket. They will give it to them and then convince them a 10k course will take them to the next level.