New member from CA

[Sadi K.]

Hey guys - I've been on this forum (just reading) for a few months now and have greatly enjoyed the informative posts, questions and discussions. 

Currently own a few properties in S. Florida (buy+hold) since I grew up there. 

Always looking for a good deal, and really interested in how to best scale and get more operationally efficient while I do so.

[Sadi K.]

Originally posted by @Joe Fairless:

@sadi 

@Sadi K.welcome to BP! What is your #1 challenge to scaling? 

 Hey Joe - there are actually a few, not sure which one is # 1 yet. 

 - financial systems : it sounds a bit trivial but I had to try a few things before I managed to get the right bank account structure that is simple yet effective

 - finding good deals : deal flow is getting hard in florida as the market has been heating up, and finding great deals has become rarer and rarer

 - since I'm still at single-digit # of properties - haven't really started seeing my opex get more efficient yet, nor had the time to get "bulk" discounts on things like property insurance, materials etc. maybe i'm not spending enough time on this yet, but my intuition is to focus on this once I hit about 8-10 properties. 

 - I'm geo-limited somewhat. It's surprisingly hard to research buy / property manage a unit that is more than 1-2 hr drive. i wish there were better systems to scale these things, but so much of this is on-the-ground physical presence work (coming from a software/technology world)