All Forum Posts by: Aaron Macken

In my opinion, as you scale up, it would become increasingly difficult to manage more and more properties. Thus taking away from the "passive income" feel of things as it begins to turn into more of a job. If it were up to me, I'd manage my own properties until I felt like it was cutting too much into my time that could be invested better elsewhere: i.e. learning, searching for deals, building my network, ect. 

Cheers!

-Aaron

@Whitney Hutten Good advice. I have a family member that's been doing contracting / electric stuff his whole life, so he's definitely a good contact to have to help me out. So I would have someone like this come take a look at the property to get some ideas on it before writing an offer?

I was chatting with my family members landlord and he recommended becoming a real estate agent. This way you can have your finger on the pulse of the market and be on top of the game. This might be something I consider once my portfolio grows.

@Whitney Hutten One question I had was do people typically send a contractor / inspector to a home to get an idea of the rehab costs before writing an offer? I also just bought J Scott's book on estimating rehab costs :)

I looked for real estate investors groups on meetup.com but mostly found people putting on paid programs, few of which looked like they held much value. What I was hoping to find is simply a group of investors to chat with and share ideas. When I was breaking into the web developer industry, there was plenty of free meetups that I could attend to network with other like minded individuals. Maybe I'm just looking in the wrong place, but I'd love to have some local contacts to chat with once a week / month.