All Forum Posts by: Larry Smet

Great, thanks @Jim Blatchley

That's what I was thinking - I think the default is calendar days unless the contract specifies business days.  Thanks for responding

Hi Virginia REIs - are inspection periods, etc. measured in business days or calendar days when not specified in a contract? I have friends selling their house as a FSBO and they were wondering. Thanks in advance!!

You're going to need a great CRM - a lot of people use Podio

Good luck

To all the negative Nancy's out there - I've tasted the sauce and there's a good reason why @Jay H. isn't just pouring it out there for all of the BP Nation to sample.  Thanks for sharing Jay!

I second the suggestion by @Joe Villeneuve - using partners can supercharge your investing.  Also, the more you learn about a market and are educated (tip of the hat to the suggestion from @Rick Harmon ) the more "lucky" you will become. 

I wanted to say that it absolutely can be done - I've been successfully investing from abroad (i.e., in US real estate while living in Toronto, Canada) for the last 3 years.  You don't necessarily need family where you want to invest but it can be very useful.  You will need to build up a good real estate team and learn to double or triple check everything with other independent team members.  If you're getting feedback from several independent sources it will reduce the chances of getting burned.   Word of caution - be prepared to take months or longer to find and close your first property out of state/country because you need to learn the market, build your team, etc..  It took me 8 months of concentrated effort before landing my first one - now I'm working on acquiring property number 12 (most were flips - now I'm getting into rentals as well).  Once you close your first one or two you'll see it will get easier and faster.

Good luck!

Ok, I'll bite.  What's the secret sauce?  Are you charging a LOW, LOW Price of $999?  Please let me know

Congrats @Brie Schmidt !  Thanks for sharing - stories like this help all of us BPers trudging in the trenches - it just goes to show what some sacrifice and (lots of) hard work can bring!  Enjoy the well deserved break.  I may be coming back to Chicago in a few months - hopefully we can meet up again.  My brush with fame!  lol

PS - Finally closing on my first rental next week!  Although this will be my 11th property purchase in Chicago, it's my first buy and hold.  I'm really excited to start working on cash flow properties....  to start funding my own world travels.  :)

Another rental comparison site that can be useful is hotpads.com because you can see what's on the rental market and easily see if it's actually comparable 

I find batchgeo.com really useful for mapping out comps, wholesaler's lists, etc 

Another rental comparison site that can be useful is hotpads.com because you can see what's on the rental market and easily E if it's actually comparable 

welcome @Sean English 

Keep us posted on how your search goes or if you have any questions