Posted about 3 years ago · Edit Post · Revision History
Why I do not invest in Real Estate syndications.
Author

Charles A. Rental Property Investor from Jacksonville, FL

PREVIOUS POST
Why I sold Cleveland.

...

@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.

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.

A simple call should probably get the ball rolling.

Newbies want lots of an agent's time, sending them potential properties, asking them to show them some of these properties, then writing low-ball offers unlikely to get accepted.Why would an agent working commission-only, want to waste their time on all this?

I come in with a low ball offer “as is” for them to take it or leave it.