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Dec 9, 2019
10:34
:45
pm
byubyu
All-American
The question I always asked when someone really wants me to invest in something
is, why aren't they doing it themselves?
If it is such a good deal, why would they want to share that?
I get that some aren't always able to finance/purchase things on their own for a number of good reasons, but it still is a red flag IMO
This message has been modified
Originally posted on Dec 9, 2019 at 10:34:45pm
Message modified by byubyu on Dec 9, 2019 at 10:35:10pm
Message modified by byubyu on Dec 9, 2019 at 10:36:47pm
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byubyu
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byubyu
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Jun 28, 2006
Last login
Apr 22, 2024
Total posts
65,863 (2,899 FO)
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Messages
Author
Time
Anyone have some good sources/websites prior to jumping into a real estate
BYUHawk
12/9/19 10:30pm
The question I always asked when someone really wants me to invest in something
byubyu
12/9/19 10:34pm
That one isn't really a red flag for me because none of us would come even
BYUHawk
12/9/19 10:39pm
<< Deleted >>
Buffalo
12/9/19 10:37pm
Call some property management companies in the area. They'll know vacancy rates, rent rates, etc.
Cru Jones
12/9/19 10:41pm
ask to see the operating agreement - ask him to explain all of the ways he and his affiliates are making
HarlemCoug
12/9/19 10:52pm
Great list of questions. Thanks!
BYUHawk
12/9/19 11:07pm
Wow, great post. I work in RE investing and your list is very, very good.
JJCoug
12/9/19 11:10pm
ps: ask him "what question(s) should I have asked but didn't" , "what else do you think is important for me to know" and
HarlemCoug
12/9/19 11:33pm
2 more questions I'd want answers to:
grandpacoug
12/10/19 1:40am
"long on dialogue and VERY short on knowledge and actual experience." - perfect
RealSimsShadY
12/16/19 3:12pm
Consider his experience and track record
BYU Folsom Fan
12/9/19 10:55pm
Don’t look at it as a short term investment. Real Estate is on the
Philosoraptor
12/10/19 5:26am
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