All Forum Posts by: Allen Williams

@Scott Mac

I like and use agreeable grey types or silverpointe just from the standpoint it’s clean to me and makes the place look and feel bigger. Interesting about the browns and greens though, thanks for sharing!

@James Somers

Real estate provides automatic cash flow and freedom today, and if you do not sell it acts like a 401K being tax deferred with the ability to 1031 exchange. A 401K locks money up until 59.5. You can use a self directed IRA to purchase real estate in but I prefer to get benefits today not in retirement so I can retire earlier

@Nathan Leger

So first off awesome stuff just starting to educate yourself and get things going. If I were you I’d take the apprenticeship route. I would find someone who is successful and ask if they need anything you can provide/build that relationship. And if you have nothing to offer just explain your passion and desire to learn (every investor has a start/help and many like giving back). Then you are taking the fear out of everything from the start. And when I mention take fear out it is more the fear of the unknown which sounds based on your comment you have which is very normal. But I would ask some of these questions to combat what questions you brought up.

-what happens if I’m a huge success?

-what happens if I make a lot more than I was thinking?

-what if I realize the fears were overblown and I just had to take action

-what if I create a better life than the “rat race”

-what if I am able to instead of running someone else’s race I begin to run my own

See you have bought into the corporate structure of life being full of unneeded risks and just go ahead and keep grinding away because it is safe. But it just depends on what you want. I was in that environment and once I felt like it was time to move on because I took a leap of faith it all worked out and can for you too!

Good luck!!

Nvm, wrong forum

@Benjamin Couch

Until she is your wife, absolutely not. Plus the money can go towards an appreciating asset to help to pay off her debt if you really wanted to go that route which would be much more favorable to you. But I still wouldn’t even do that. You never know what the future holds or what will happen. Do NOT PAY, that’s the debt she took on and not you!!

@Scott Mac This is amazing lol

@Daniella Lamis I am an Investor friendly Realtor here in the Jacksonville FL market. I assist investors solely who want LT or ST rentals and make sure they are fully taken care of from start to finish. If you need support I have local business partners from the design to management as well. It all depends on what you need. I have currently 3 under contract designated for ST rental plays. I also assist investors with BRRR type properties and am an Investor myself with a background in financial advising. So numbers and negotiation are my speciality. But I would say honestly FB groups and I google search top agents and ask around because if they don't do investor work I bet you they know someone who does. That's how I found all my business partners, through just calling and asking until I find the people I want to work with and have comfort with. Hope this helps!

@Brittany Baker

That is an awesome question and I get that question a lot. It's all about finding decent deals and leveraging the velocity of money mindset. So an example is if you are able to find deals but have limited funds look into private money/financing options that is prudent and gives you the opportunity to build at a reasonable pace. As long as you don't overleverage and are able to cash flow/have some reserves you are in a great position to succeed. An example I had was purchasing a couple properties right with private money and only leaving 3K in each property at the end of the day after doing a rate and term refinance since I never put anything in the deals to begin with that's why I chose that method and not cash out. (After financing costs for front end and back end). But while I could have purchased those all cash it made more sense to not tie all my capital up and go that route to build business once again at a reasonable pace. So in year 1 I personally have 6 properties, all at the 75%-80% LTV level (so nice amount of equity in each), lower monthly payments and cash flowing no problem with some reserve with each property. So I would encourage talk to private lenders to see what programs they offer and then eventually traditional lenders because as time goes on and appreciation happens you will be able to utilize the first properties as seed money through refi or fixed loan/HELOC on property to keep growing if you choose. That is how I have been helping my investors and have had success on a personal level and of course assisting customers as a Realtor. I hope this helps and have an awesome weekend!!

@JD Martin

I think that it is affecting the bottom 80% for sure the most. The top agents are having field days. But it is a challenge for sure for most but I would say focus on below:

-Relationships with builders (new construction is picking up)

-Hold educational events or seminars on why listing may be to someone’s advantage based on their situation

-Try and find REO agents if you service investor clients, they may be able to hook you up with off markets

I have the goal of meeting 3 new people a day and connecting with 10 others such as new potential customers or reaching out to my network. The name of the game is just activity and numbers so that’s been my focus and where my success has been. Plus the limited inventory has made me even better and more creative to push me harder to keep the success. Once things start normalizing it will be even better than before (because easier with more inventory/people selling). Also with those activities if you haven’t already try and build your own portfolio with passive income so when market conditions like this are present you are in a strong position. I hope this helps!

@Robert Williams

Good Morning Robert, I would say there is always someone around you that has a similar mindset but you just need to network in order to find them. I would recommend going to real estate networking events and trying to find other investors in your situation so y’all can grow together. Then I would team up with someone who is more seasoned and has been doing it a while. See what you can offer them and then learn from them. Then at that point maybe that person has the means or ability to assist with your investment journey and it can be a great partnership. Worst case you learn a lot and in this business most of the time it is who you know and the rest is very easy to figure out/opportunities begin to present themselves. Hope this helps out and good luck! Also, never be afraid to take a risk, you only live once and we all need to make the most of it! (Calculated risk that is).