All Forum Posts by: Jorge Martinez

Hello everyone, could someone help me with a contract concern? A group of 2 investors have invited me to purchase an out-of-state property (in Columbus, OH)  with them. I reviewed their whole details and I like their terms. The only issue is the exit strategy.

Their exit strategy states that there is a minimum holding period of 5 years and after we can sell our portion to the public (right of first refusal applies).

If I own 33.33% of a property, how hard will it be to sell my portion to the public (generally speaking)? Should I be concerned on this exit strategy? I don't want to join in on the contract and then have an extremely difficult time selling out (if ever necessary).

EDIT: Comments make a lot of sense. This will be a hard pass for me. Thank you everyone!

Hello everyone, I am new to real estate, but it seems fun to invest in it. I would like to try it out. I have decided to invest into one of the three following cities: Columbus, OH | Raleigh, NC | Charleston, SC.

I plan to do out-of-state investing and the mid-term strategy. Preferably, a multi-family home, but not entirely opposed to single family. In the long run, I would like to own various properties.

If anyone is willing to provide any or all recommendations for below for any of the cities I mentioned, that would be greatly appreciated. A recommendation means a lot to me.

Real estate agent

Lender

Contractor

Property Manager

Any tips about the cities :)