All Forum Posts by: Lane Kawaoka

All, the data came from my head. N=1 experiment based of hours of various media/marketing/citydata.com/neighborhoodscout.com

I am flattered that everyone thought its was from some publication... let me know if you think is totally off. Think of it like ESPN's ranking of the NBA's top 100 players, its an open discussion.

Rent? Price?

Do you do anything for long term 30-30 fix?

I pulled these emails from the Seattle Magazine listing the "best" mortgage people. Although I don't believe that they are the best that they gave Seattle magazine the most ad money if you email everyone of these I think it would be an easy way to get low hanging fruit. By Bp won't let me post the 30 plus email addresses so please PM me for them.

What does everyone think of my evaluations of several markets? Disregard the numbers I see all these markets as pretty much the same its just what you are looking for on the appreciation and cashflow sliders.

Indianapolis, Kansas City, Texas (Dallas/Houston), Atlanta, Chicago, Birmingham, Ohio (Columbus), North Carolina (Raleigh), Memphis.

NOTE: Analysis was done with my state of the art software... Microsoft PowerPoint!

I have been using a small mom and pop Property Management, Anthony Gioia or All Country Management (I think that's the name)... Google them. There are a few big companies out there but I wanted someone who knew who I was and was able to know more than one sentence a thing or two about my property. PM my me for details and him know that I you heard it from me to see if he really knows his investors. Where are you getting your properties from?

I posted my similar thoughts below:

https://www.biggerpockets.com/forums/48/topics/253...

Appraisers will tell you that the reason that their appraisal magically comes in near the sales price is that the sales price is the point where the seller and buyer have met at a mutual acceptance of price. 

....Yes in a perfect word. I think appraisers are in a way a public entity like USPS that has become a bastardized industry post 2008. Appraiser work is awarded on a queue system where you don't know if your getting someone who is good or someone who already had a few beers and is wearing shorts to the appraiser appointment. I am exaggerating this a bit but there is no check and balances other than a so called certification.

Why would someone want to partner with you? Just asking from the other POV. If you have money then make it explicit. 

The amount of PITA (Pain in the you know what) and legal fees to create an agreement will probably outweigh half a years profits from a turn key.

If you are buying Turn Keys I don't know why you would want to have a partnership. Just do it on you own. If you are just looking for a 3rd party to hold your hand just as for a consultant.

How are people using BP to keep in touch with those who we have connected with in the past? BP keeps an archive in the inbox but is that the best way? Or is a separate CRM/excel document what the cool kids are doing?

@Jay Hinrichs not understanding about the real equity? How do they determine that? Once you rehab wouldn't you get an appraisal or do you need to wait 6 months or something?

Do you think its just better off finding a small bank/portfolio loan to do the BRRR?