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All Forum Posts by: Scott Morongell

Scott Morongell has started 5 posts and replied 761 times.

Post: Is a seperate phone number/email suggested for brand new investor

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471

@Michael Wintermyer I would have a professional email but don't believe a phone number is a game changer. My advice as you grow is to not get caught up in things that don't necessarily matter that much. Spend your time, energy, and focus on areas of your business that will move the needle. Best of luck investing.

Post: 225 liquid, where to start with little experience

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471

@Andrew Votsis I think your taking the right approach on partnering with a seasoned investor/flipper. My suggestion would be to get clear on what asset class and strategy you like and become an expert in it. People who are unsuccessful and tend to have a bad experience in real estate are those who continually chase the shiny object. Get clear, find a seasoned partner to learn from, and with time you will become and expert. Although i'm not in Mass, I am always open to connecting more over a call to share my experience. 

Post: First 160 podcasts are amazing!

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471
Originally posted by @Dustin Gale:
Originally posted by @Scott Morongell:
Originally posted by @Dustin Gale:
Originally posted by @Scott Morongell:

@Dustin Gale I think you will find different markets are better for different strategies. I think you should focus on what strategy your wanting to implement and then dive deeper. Census.gov has a wealth on statistical information. 

 Thank you for the website suggestion! I will check it out now. Do you have any other websites that you use to help you analyze an area? I would be really interested to find a site that has information about where businesses are planning to expand and how many jobs they will create. 

I am currently looking in the Midwest and have semi pieced together a team out there. SLC is pretty hot and I am not seeing that great of numbers. I am looking for high cash flow properties in B or C areas with a solid population and business growth. Right now I am looking in Kansas and Missouri. 

 You can set up google alerts for an easy way to stay up to date on where jobs are relocating to and how many jobs will be formed. For example, Ohio Jobs or Ohio employment 

 Wow! How did I not know about Google alerts! This is amazing thank you so much for sharing this with me. That is an amazing way to stay up to date with current events in markets that I am looking into! 

 You bet!

Post: Any recommendations for financing on a 8 unit property in NC?

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471
Originally posted by @Graham Prosch:
@Scott Morongell I will also be moving to Charlotte soon. I will be moving this summer around July. I am a new but motivated investor interested in getting into multi-family property. I would love to touch base about how we could potentially help each other achieve our goals.

 Let's connect

Post: looking for a way to get funding for a 5 unit apartment project.

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471

@Tim Kennedy have you checked with a community bank you have done business with and knows you well?

Post: Building a proven Wholesale Process

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471
Originally posted by @Account Closed:

@Scott Morongell oh I know the jist, I want to get to doing some hopefully this year, I'll PM you if that's okay

 absolutely 

Post: First 160 podcasts are amazing!

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471
Originally posted by @Dustin Gale:
Originally posted by @Scott Morongell:

@Dustin Gale I think you will find different markets are better for different strategies. I think you should focus on what strategy your wanting to implement and then dive deeper. Census.gov has a wealth on statistical information. 

 Thank you for the website suggestion! I will check it out now. Do you have any other websites that you use to help you analyze an area? I would be really interested to find a site that has information about where businesses are planning to expand and how many jobs they will create. 

I am currently looking in the Midwest and have semi pieced together a team out there. SLC is pretty hot and I am not seeing that great of numbers. I am looking for high cash flow properties in B or C areas with a solid population and business growth. Right now I am looking in Kansas and Missouri. 

 You can set up google alerts for an easy way to stay up to date on where jobs are relocating to and how many jobs will be formed. For example, Ohio Jobs or Ohio employment 

Post: Building a proven Wholesale Process

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471
Originally posted by @Account Closed:

@Scott Morongell Thanks Scott! I still have a long way to go! I see you do Syndication? Definitely would like to hear your knowledge on that! 

 Syndication is a great tool to enable others to ride in your deals. Allows you to scale quicker and offer opportunity for others to invest that maybe don't have time to find or manage a deal.

Post: Millennials aren't buying homes - good or bad?

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471

@Tyler Erickson it's great for me as a multifamily investor buying B/C assets with amenities 

Post: How a Novice Like Me Made Millions in Real Estate

Scott MorongellPosted
  • Syndicator
  • Charlotte, NC
  • Posts 783
  • Votes 471

@Jason Woods thanks for sharing