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Updated over 7 years ago,
Newbie from Portland, OR
Hello,
I am 22, still in college and pursuing a Masters in Real Estate Development after this summer. I currently work full time in land development for D.R. Horton, the largest home builder in the nation (in terms of quanity.... all the department heads add that tag). I listen to bigger podcasts on my commute and, currently reading a few of the books suggested on here as well. My father has been in the finance, insurance and wholeselling side of manufactured homes for many years. He has dabbled quite a bit in flipping and rental properties and commercial real estate development. I would love to learn from him but he is very busy and it comes off like he wants to hold my hand through the processes because he has seen all the goods and bads in the industy so "he knows best".
I have been really interested in commerical real estate, mixed use, full offices, apartment complexes and potentailly developing mobile home parks from the ground up. Mostly I want to have long term investments for cash flow but I would like to have a few short term aquistions to gain experience and build some cash to 1031 exchange into a higher deal(s). I have no intent in quitting my day job as I am learning valuable expereince on the development side. I do understand investing can and should be my full time position if I want to get to scale quickly.
The thing I am struggling withunderstanding right now is
1. How to find "The deal" (Single family, duplexes, fourplexes, small offices)
2 How to analyze "the deal" I get the big picture idea but the specefics (Same porperties as above)
Where do I go to get this information?
The finance aspect is less important as I have individuals with capital but require the right deal (Make me a good return deal)
Eric Zechenelly
Feel free to just say hello! I enjoy sports, specfically soccer and track. I played them both in college.