All Forum Posts by: Stephen Kappre

@Eric Luzier I agree with @Mike Bonadies in that some sellers are asking premium pricing on MF homes. Patience is very important. And just the repetition of crunching numbers and going through a dozen homes+ you will start to see what is worth it and what just doesn’t make sense. 

Hey Eric - I have experience in South Jersey. Reach out - I'd be happy to discuss. 

@Baahir Starkey what area specificly are you looking? 

Hi Wyatt - Consider reaching out to some local wholesalers/investors and offer something of value ... bird dog for them, clean a property out, deliver marketing material, bring them a potential wholesale deal and partner with them ... something. That way you can lighten their load and helping you out wont just be work for them. Otherwise you are essentially saying, "Hi sir, can you stop what you are doing and make less money to teach me ..."  :) Best of luck!

Hi @Baahir Starkey - I'll send you a message :) 

@Reginald Collier Set up the LLC sooner than later - you will likely want to purchase the properties in that LLC and also some lenders will want it in that name and not your own. Credit union is good. Some credit unions may have their own (portfolio) lending products so it never hurts to talk to a handful of lenders initially and maybe once again once you find a potential place to purchase. Maybe talk to @Anthony Susco for an idea of what you will need from a local hard money lender. If you talk to an agent in the areas you are looking ask if they can show you 2-3 examples of successful investor purchases they have done to give you an idea.

I'd echo @Tim Herman - are you able to analyze a good deal? Because if you have an agent that brings you a "slam dunk" deal that you can buy in your LLC and finance with your mortgage guy ... would you know if it really was a good deal? Talk to a few lenders - some local lenders, some hard money ... talk to a few Realtors where you want to invest - and MAKE SURE to find an agent that consistently closes a good amount of business and a good % of that should have been for investors. Don't be afraid to ask them how much they have done and which of those were investors (flips, buy-and-hold, BRRRR etc.). There are a lot of moving parts and picking the wrong agent will find you losing good deals, or worse, successfully closing on bad deals! Good luck!

Maybe talk to @Anthony Susco :) 

@Justin Eaton schedules one monthly in South Jersey. Usually a solid turnout and great conversations. Should be a short drive from Philly. 

Hi @Martin Newton welcome and congrats on jumping in. You've picked a great place to start! - Steve