All Forum Posts by: Alex Gunya

@Caleb Heimsoth Conventional in terms of what "most BP members preach." Paying off 1-2 properties would increase cash flow a decent amount but would limit your short term scalability would it not?

@Chris Youssi Thank you for the support! That is exactly the path I want to take.

@Grant Rothenburger My degree is in Leadership and Entrepreneurship which I love and which has taught me a lot but does not give me a specific "field" to go into. Thank you for the advice!

@Caleb Heimsoth Is there a particular reason you are taking that route instead of a more conventional one? I love hearing other people's ideas and plans so thank you for sharing.

@Caleb Heimsoth Wow I didn't realize he started with that haha. Yea I want to start with a 3 or 4 unit and scale to commercial MF. Brandon Turner talks about "stacking" a lot which I think is a great concept. 

What are your goals with investing? What property types are you interested in?

@Thomas S. Thanks for the input! 

@Caleb Heimsoth I feel the same, GC can be a polarizing figure at times. What do you think of his advice to "go as big as possible, as quickly as possible, as safely as possible?" Since I am young I am less risk averse than most so it's pretty enticing..

@JD Martin  I'll check it out, I listen to those podcasts almost every day! I appreciate your help.

@JD Martin Good questions! I could have framed mine a bit better...

I have a few mentors and family friends that have started their own successful real estate companies and my dream is to follow in their footsteps. To do this I need to first get a job to get cash and gain experience in business ops, finances, etc. In this sense I want to follow a traditional career path as a means to an end, and I see from one of your blog posts that you feel the same to a degree. My degree is in Leadership and Entrepreneurship, both of which I love and are very broadly applicable. 

If I can ask, how did you get started in real estate? What drew you to it?

Hi BP,

I am graduating from university at the end of this month and am interviewing for jobs all over the country. My current goal is to generate enough cashflow through MFP to be able to "retire" by the time I am 30, and am looking for a job purely so I can fund deals. General consensus seems to be that especially when starting out you should invest where you know/local to where you live, so my question is: How much should I let my interest in REI influence where I am looking for jobs? Thanks.

Gunya

@Brian Schmelzlen Thank you for the input. I plan on joining the local REIA and going to BP meet ups as soon as I get home to begin networking and find a mentor/partner. In structuring this deal I would also take on the existing PM to mitigate risk.

I have experience in property management and sourcing deals from both internships and a small wholesaling company a friend and I started through the startup incubation program at my school, so I understand the basics of running a property smoothly, deal sourcing, and negotiations. I believe strongly in creating as much of a win-win scenario as possible.

Do you have any advice as to which resources I can use to format appealing deal structures?

I appreciate your help!

Hi BP!

I got into real estate after I got Rich Dad Poor Dad as a Christmas present my freshman year of college and I've been a longtime reader and listener of this site, but this is my first time posting. I love the support and discussions here!

Anyways, after graduating university in May I will be moving back home to southern Connecticut and want to begin investing as soon as possible. At this point I don't have much money to my name, so I have been looking into seller financing as a low-capital way to gain experience, credibility, and cashflow. 

Grant Cardone said in one of the BP podcast episodes that when starting out you "should go as big as possible, as safely as possible, as soon as possible" (paraphrasing here haha), and I would like to follow that advice. My interest for a while has been in large C-class value-add MFP, and I recently began reaching out to property managers within a 2-hour radius of my town to see if any of their clients would be interested in owner financing a 15-30 unit building.

I would love to connect with you all and would appreciate any feedback or words of advice or caution! Do you think I should go bigger or smaller? Are there other avenues you would recommend I take to get started? What can I do in the meantime to increase my credibility?

Big thanks to all of you for creating such a great learning environment :)