All Forum Posts by: Matthew Wright

Right, I guess I'm looking for a good place to meet people to build relationships. Maybe a local landlord association or REA? Thanks Marc!

Ned, right. At the end of the day, it is no big deal. Its the name of the game and I will learn from it.

I certainly wasnt bragging, that's nothing to brag about, it was just a really good deal. And I'm not crying, although it did suck losing that kind of a deal. but time to move on. I will continue to stand by the fact that, after all is said and done, he wasn't ensuring he got his client the most out of the deal, other wise HE WOULD HAVE ASKED FOR HIGHEST AND BEST, PERIOD. Could you tell me more about the "equity strip" scenario? How does one determine you're stripping equity, when a house is falling apart and it takes a great deal of work and effort as an investor to re position a property. If I wasnt buying high equity property I wouldn't do it, who flips houses for free?

This is helpful. Now I just need to nail down an investor/partner. I have a couple people in mind that I know, but Id really have to educate them on apartments and really bring an impressive package to the table, i.e. spreadsheets, agreements, breakdown etc. because they have money but theyre not well versed in RE. And this is fine since I need to get used to pitching to everyone, if I want to expand fast. But what Im wondering is, where is the best place to go to find those people that are experienced in apartments, that would without hesitation invest in your deal, as long you brought a real deal to the table?

The only part that is speculation is what he probably will pay, other than that its fact.

No, he didnt look out for his best interest, if he did he would have had his client ask me for my highest and best, instead he did the total opposite and is keeping the deal for himself and probably paying less than I would have.

Thats exactly what I had in mind, my last post was intended to be a closing statement.

Well that was fun. Thank you, to the attorneys for their professional input.

I don't disagree with anyone's input, all valid points. Though, I do think if he was solely looking out for his clients best interest, he would urge the seller to allow me to give him my best offer.

Robert, I did have P&S filled out, with everything but price when we first met, but he wouldn't sign with out consulting, which is understandable.