22 October 2025 | 1 reply
Is a real estate agent really necessary if you are planning to offer Owners financing?
28 October 2025 | 11 replies
But few sponsors are able to offer long term track records of success with the type of specific property and type of operation being offered.
28 October 2025 | 18 replies
heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it.
30 October 2025 | 1 reply
Slight variations work elsewhere.If you are new and looking at buying a property or a house, or other real estate, I’d compare cash to financing, to offering creative financing to the owner.
11 November 2025 | 13 replies
They may charge you (at your age, I would not suggest paying for a mentor), or they may expect you to work for them for little or no money...if they expect you to work for them, they usually will want you to bring some proven experience and skills to the table that will benefit them--but at 19, most people don't have much experience to offer (that's not your fault, it's just an inherent part of being a young adult)....but don't worry, because even if you could find a mentor right now, a mentor might not even be the best use of your time at this stage...In some cases, a mentor might actually get in the way of your success (especially if your mentor isn't well-matched to your style, interests, goals, etc).
22 November 2025 | 17 replies
The ball was dropped and it sold for $362.5k (I would have definitely been able to offer more but we were told there were 5 offers higher than ours, seems likely that was BS in hopes we would raise our offer substantially - I suspect our offer was shopped as our initial offer was $90k over initial ask).
3 November 2025 | 16 replies
Lower maintenance costs and builders are able to offer better incentives that solve for some of the problems in this market.
22 October 2025 | 4 replies
Oh, but they would love to offer me a line of credit so they can skim 5% or whatever off my accounts receivable.
12 November 2025 | 25 replies
While I understand you maybe busy and it isn't a good time for you to offer the property for rent it is your obligation if they do move out and they turn over keys to you that you try to secure a new tenant as quickly as possible.
26 October 2025 | 5 replies
I think of seller finance as another 'tool' that you can use to close on a purchase.You can provide the seller(if he has anough equity) the option to purchase the property with a mortgage(with the bank) or to offer seller financing where the seller can get additional monthly income via interest.An example would be on a house where the seller is asking for $400,000Offer 1 - I can offer you $350,000 for the house with bank financing or I can offer you $380,000 if you allow seller financing.