All Forum Posts by: Nathan Platter

Hi @Tony Kuschel ,

Be sure to also check out the in-person meetups. There are always wholesalers, lenders, realtors, Title, contractors, and landlords that attend so you can ask other investors how they tackled the challenges you may be facing.

Hi @Shawn Mcvicker ,

I also recommend Ashley Selle over at The Title Group. HQ are up in Coon Rapids.

Hi @Uwais Zaid,

I bought the SDA as well as the entire course from @Michael Blank

Honestly, all of it was worth it. The full price course also gets 20+ documents, templates, and other sources of Multifamily Information. The SDA is absolutely worth the price because the value is completely there.

Hi @Craig Ishmael ,

The low rents are only a problem is the correlating cost of acquisition (and ownership) are too high for the deal to cashflow.

If he sells them to you for rock bottom prices and they are low maintenance, you'll be doing just fine.

Since you're used to flipping, you could consider not renewing any of the rental agreements with tenants when the contracts expire, flip the home, and then sell open market.

Hi @Shawn Beers ,

Here's the DOL in regards to Washing Property Manager assistants.

http://www.dol.wa.gov/business/realestate/assistan...

It appears if you are not the assistant, you will need to be a licensed broker or managing broker.

Hi Maria,

One great way to connect with wholesalers is to go in the  Marketplace section and reach out to the individuals selling deals.

You can also go to the Network section and lookup other BP members who are doing deals (wholesaling, HML, flipping,...)

To your success,

Nathan Platter

Hi @Sadrud-Din Williams ,

Advertising of education, courses, bootcamps, and the like are intended to go in the Marketplace section on BP.

To your success, 

Nathan Platter

Hi @Kevin Kite ,

1. What benefits do you perceive with a company that wholesales properties rather than an individual?

2. One great way to find the active wholesalers is to check out the Marketplace > Properties For Sale section of BP, and use a filter

Here's a filter for all properties for sale in Utah: https://www.biggerpockets.com/forums/517-real-esta...

Enjoy!

Hi @Matt S. ,

I (personally) would not

• Pay off the condo
• Keep my equity in the condo

I (personally) would sell the condo and deploy those funds into investments that meet my personal goals.

You will likely need to 1031 those funds to avoid unnecessary taxes. @Dave Foster is a great resource for making that happen.

If you are looking to buy-and-hold in passive Apartment deals, @Omar Khan and @Todd Dexheimer can help you deploy capital.

You mentioned an interest in Indianapolis. @Millie H. is a wholesaler in the area that has phenomenal rehab inventory.

It's all about your goals. You have the capital, but some investments require more time than others.

Hi @Brandon Jurczyszyn ,

1. Talk to a lender/mortgage broker, my favorite being @Kim Burke . They will help you determine how much you can borrow and how you should structure the deal, financially.
2. Once you know your price range, look at properties within that range.
3. Once you find a property that you want, submit an offer. The goal here is to get it under contract and make it a "live deal"
4. Once the offer is accepted, you are now in the "Due Diligence" phase. This is when you have a formal inspection and have contractors submit bids on your desired repairs/renovations.
5. If the amount of work is manageable and the deal is still good, you then proceed to Closing.

If you go out of order, you waste your time (and other's) by getting them involved too early. E.g. having a contractor look at the roof when someone else could submit an offer and get it accepted before you do.