All Forum Posts by: Jordan Hamilton

@Dave Foster thanks for that information

@Dave Foster interesting. Is there anything less "real" about using TIC as a syndicator when purchasing a property? As opposed to doing it normally with LLC?

As a first time syndicator which is smarter (better for the syndicator: maybe better for track record purposes, more $$, easier to control) for the syndicator, TIC or equity partner in LLC?

@John Park holy water!

@Bruce Bloom awesome to hear your insight as well. My girl is also a realtor and is constantly on MLS searching for deals. From the advice I got from other meme nerd you have to just keep making low ball offers and eventually (5 out of 100 offers) will be accepted. That is my strategy thus far. I hope we can get a deal!!

@Thomas Franklin Great advice. Note taken.

@Jason Brown awesome to connect with you man! Thanks for analyzing my deal and its good to have someone second my numbers. I definitely agree I want to achieve the 1% and am trying to hard to find a deal. Usually I will come up with my price, send it to agents on MLS with no response back (because its several hundred thousand under asking price).

I am trying to not get discouraged here but how the hell do I find a good deal around here? On top of that I am going to use FHA financing and from what I have heard most owners don't go for that (conventional or cash more appealing).

@Jason Brown Do own any investments down in MIA?

@Charles Richardson Just read your post and a few of the responses. I think its awesome that you want financial freedom and are attracted to income producing real estate (most people wouldn't or couldn't even come up with the idea to do so).

I think its an incredible idea and in order to pull something like this off you need to analyze the property, average vacancy, expenses/ income, cost of debt (mortgage plus interest) and factor everything in. Once you do so you will know what your looking at and how to sell it to other investors.

Use @Michael Blank deal analyzer to do this, its not only the best spreadsheet to run numbers but it comes with 10 short videos and case studies of how to do it. 

I was on a similar path and wanted to start out with a ton of units. After tons of failed attempts to raise the capital needed I said F it and now am working on closing a 4 unit deal with my own money using a FHA loan (allows 3.5% down payment if you live in one unit for 12 months) while making income from the other 3. After you move out you can use the proceeds to invest another property.

Good luck man let us know what happens!

@Roshan K. gotcha. Thanks for your feedback!

Ok @Brian Garrett thanks for your feedback

@Calvin Lipscomb In the area other comps are selling for around 500k which is right around the asking price of the seller. Only problem is that at that price I would be cash flow negative