All Forum Posts by: Brooks F.

I've got a summer home in your vicinity too (Catskills... near Lexington)

Love that part of town, but left due to the tough taxes and rough business climate. Still try to get out there when I can though because of how beautiful it is :)

Good luck!

Welcome!

I studied in Australia, and had the opportunity to visit New Zealand on a few occaisons. It was a very wonderful place that I'd be willing to live if it weren't for high prices on just about every consumer good... haha.

welcome though, and best of luck rebuilding your portfolio!

Title companies are optional, are they not?

I have a good relationship with mine, and pay like $100. Before I had a good relationship and bought a house, it was like $300.

is an occasional $100 or $300 a big enough market to disrupt?

Plus, by the time you give kickbacks to banks and stuff for your new system to convince them to switch, it'll cost you the same amount!

I've been a pod-cast listening lurker for a VERY long time, and finally got frustrated with my inability to find the right "niche". I didn't feel like I was enough of a "big deal" to use this forum, but every other forum I got on kept referencing it, so I realized I needed to get in the big ocean and pray I don't get eaten.

I don't consider myself an RE guy, despite the fact that I own 2 NNN commercial properties and 2 personal properties. That should put me "ahead" of the curve of other newbies, but I feel like I'm a true newbie.

My biggest problem is that I work 3 jobs and have a constraint on time, making me scared of straight landlording. However, if I don't do something like RE, how can I start shedding jobs with passive income? I've started putting together a management company and I had an RE agent looking for properties, but after 6 months still haven't found any that met my criteria.
Now I'm thinking outside of the box- should I just run a management company? Should I just be an investor? Should I just buy turnkey properties? Or should I be a full cradle-to-grave RE individual? I've been researching for years, and I keep going around in circles, so we'll see what happens, but i'm ready to act. I've freed up significant cash, and the only thing holding me back is "deciding" what makes sense.

Thing is I'm a master at some other industries, like automotive. I know the car industry like the back of my hand, if not better, and have spent many years flipping cars for profit. My primary employer won't let me do it at a larger scale as a conflict of interest though :(, but I got the green light on real estate. In addition to my primary employment, I am an award winning collegiate professor of business and I own my own companies. That's where the NNN Commercial properties get a little fishy. I own a RE company that NNN rents to another company I own. That means while I'm technically a landlord, I'm a landlord to myself...

So in otherwords, I'm a highly motivated, highly researched, ready to act individual who can't quite figure out the right niche to get rolling in... and by the way I'm a car guy so wish I had more time to race and spend on the track, which is one of my secret motivations of more passive income streams. 

I look forward to learning from many of you, and hopefully working with some of you!