All Forum Posts by: Jonathan Makovsky

@Kyle MacDonald even within West Haven the prices vary quite a bit. 

One thing you might want to look into is flood insurance. Since WH is on the coast, we've come across in West Haven that need flood insurance and that was a deal breaker on the numbers.

Keep us posted on your progress.

Welcome @Derrick Watkins! Where in CT are you focusing? If you don't mind me asking, how will you be finding deals?

Welcome @Stephen Bell!

Welcome @Chris Upton. Looking forward to getting to know you through BP and in CT.

Just a bump for the Connecticut meet-up in Fairfield this Wednesday - hope to see you all there.

(Favor: Please post if you can make it, or even if you cannot but plan to attend a future one. This will help your visibility with fellow CT real estate investors.)

@Chris Collins it's no different than why flippers, buy-and-hold investors will pay high interest. If TK operators are selling to another investor at 20%, but their profit margins are 50% the TK operators use of capital is better to continue to buy-fix-sell TK properties than hold them. (I assume they are also building their PM side of their business too by collecting management fees.)

Additionally, like @Curt Davis most investors don't have money to keep every deal.

@Account Closed I don't know the market you're in, but I imagine that if there are tenants out there, then it's more a function of price (and the condition of your property) vs. time in a vacuum. As an extreme example, I would assume if you advertised rent at $10/month you can fill it in an hour.

So if the premise that price is driving the market, I heard an interesting way to determine the demand for tenants - not sure of the morality of this issue so YMMV:

Put a Craigslist rental post with similar specs to your property and see what response rate you get. If your email is getting jammed with responses, it very likely will fill up quickly, if it's not moving the needle you might need to lower your price point or wait for that tenant to come at your price.

@Chad Duval maybe they just have a big build-up of cerumen - aka ear wax. :) 

@Arianne L.

Congrats on making offers. 

Assuming you do not have an exclusive AND you truly believe this Realtor is not the right fit for you then thank them for their time (maybe by getting them a $25 gift card) and move on.  If you're relying on a Realtor to get you into properties and put offers with the numbers that work for you (not them) to advance your business, then you need someone that's good on your team, and don't settle if they're not doing what you're looking for (i.e. making offers at prices that work for you and communicating within a reasonable time period).

One of the big challenges with REI is that you typically need to navigate through SO MANY important [prospective] people, places, and things (e.g. partners, contractors/subs, investors, tenants, brokers, buyers, wholesalers, properties, investment cities, lenders, etc.) to find ones that work for you.

I believe this is one of the biggest reasons newbies settle and/or stop because they get frustrated looking for the right ones, and they stop.

Good luck and keep us posted. 

Wow - you seem very mature for a 17 year old.

Don't worry about saying the wrong thing, if you say it enough you'll learn to say what you want to. Personally, if I tried to learn everything I would be spending all my time in the classroom rather than the field.

Go out make as many inexpensive mistakes as you can for 29 days a month, the other day of the month close on a property.

Good luck.