Posted about 3 years ago · Edit Post · Revision History
Why I do not invest in Real Estate syndications.
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Charles A. Rental Property Investor from Jacksonville, FL

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Why I sold Cleveland.

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@Josh Ball If you're using your own money, Buildium or AppFolio should suffice. 

Quote from @Erik Estrada: Quote from @Jason Wray: Erik,I am not sure and would never talk in a bad way about any business unless I used them but in the last 8 months I have had several customers reach out to fix what they could not accomplish on really basic overlay issues.I have been seeing a lot of these other AI type LOS type companies drop the ball during the electronic Approve U style 1003/1008 deals that lack typical DU/LP findings.Back in the day we would target this type of company data to reach out and either help on the 6-12 month refinance or the aged leads.   

Trying to get a ball park figure.

Using my excel spreadsheet I've been able to play around with the numbers and figure out what I'm willing to pay, but the difference is so vast I don't know what's considered a fair initial offer or what's considered an insulting low ball. 

So what we did was we’d direct Lo Ball Ho to a property that was over priced where we wanted to “shock” the seller into (hopefully) getting a grip on reality.

Quote from @Josh Ball: Your best bet is to check local Facebook groups to find out the local strategies for market specific things.

Quote from @Josh Ball: Rough budget number I've heard is $50/bedroom although situational based on vendor, living sf, area, etc.Best bet is to join your local Facebook group & ask other hosts in the area or call a few vendors & get some bids.

Rashad, you’re in one of those classic “NY/NJ tenant-aid program limbo” situations where everyone keeps punting the ball back to you.Here’s the simple breakdown:1.

A simple call should probably get the ball rolling.