All Forum Posts by: Ben Steelman

Hey Dan- Do you know if HOA fees would fall under a "few other types of operating expenses"

@John Casmon you picked up on that as well? My partner and I thought we were the only ones, ha. Do you agree with hanging on to your "dry powder" for the possible down turn or are you actively pursuing deals now? 

@Marlen Weber absolutely! The connections we made with passive investors that weekend has already led to commitments for our next deal in Kansas City 

@Ronan Donnelly that might've been my favorite session. Both sides literally carved up the other but in the end, I also agreed with Jamie and Jilliene. As they said, put your money to work!

@Jon Hilfiger here are the details to the deal I mentioned. My partner @Joseph Koury did a beautiful job in outlining it. Needless to say, we love the KC market and are actively pursuing other projects 

https://www.biggerpockets.com/forums/850/topics/811515-7-unit-condo-project-in-westport-kansas-city?page=1#p4770159

@jonhilfiger here are the details in the deal that I mentioned in your post

@Matt Nusbaum Whitney was great and I'm a big fan of his show. Powerful stuff in his 50mil year all while working a full time job. I have a stretch goal to tell a similar story at next years conference

@Roni E. yes, I agree on the sponsor research. Lots of great points during that session but as Neal said, be honest and transparent and you'll have no problem attracting investors

@Taylor L. great question and thank you for the accountability check. First, I've rewired my outlook and thought process to appreciate hitting daily "micro goals". I've lived a successful sales life of "lets make it a great week" or "this is going to be my best year yet" while completely overlooking the fact I wasn't organized enough to understand that the great week that leads to the great month that leads to your best year starts by putting a productive string of hours together. Stacking those little wins since we've been back has me feeling pretty accomplished which increases my confidence and positivity.  Taking action to be better than I was yesterday has become addicting so my hourly focus is to be intentional with my actions. Read a paragraph a day related to Multifamily RE, contact a broker a day and introduce myself, nurture database of contacts to cultivate investor relationships and future podcast guests, register for local meetups and actually attend, source and find our next deal and of course practice the Golden Rule at all times. Its not a perfect process yet Taylor but its work in progress to make better daily habits

One key thing that has helped with all this is my partner and I downloaded the Notion app and started our daily use of it on the flight home. If you need an easy one stop spot to keep yourself on track to hitting your daily and long term goals, check it out

There was a mountain of great content that was provided to the attendees of this year's Best Ever Conference and I'm curious to know what others thought about it. I'll share mine and I'll look forward to reading what you found beneficial. Thanks for the time!

* "Be vulnerable and have an open heart"- That was a great reminder at the start of the first day and it set the tone for my commitment to networking while there. I've kept it going by getting involved here on BP

* Glenn Mueller thought we had another 10 year run ahead of us and the market correction might be a little further off then we think. That sounds great to me but while its hard to disagree with a Ph.D in a bow tie, most economist are like the weather men in our respected cities. Each station says something different but I have a feeling Mr Mueller has a crystal ball!

* Jilliene Helman brought it every time she spoke and her energy was infectious- She said two things that defined here success. Find a passion and Get Started. Get off the sidelines and get in the game! She did and paid a small price to do so early on. Good story

*Joe Fairless struck a cord with me when he spoke about everyone needing a "thorn". That deep cut of pain needs to stay with us and serve as a reminder that we never want to go back there. Keeping a thorn is an interesting way to go about staying hungry and motivated to hit your goals. I unearthed my thorn when I left Keystone so LETS GO!

* Raising capital for your deals- focus on specific verticals that are heavy with passive investors. Doctors, Lawyers, DDS's, etc. It will save you time and energy

* Neal Bawa was awesome and a crowd favorite. I loved how he wasn't full of fluff and used free data to drive home why you should or shouldn't invest in a city. I believe he said "if you don't use data you're not an investor but only a speculator"

These are a few of my favorite takeaways. Cheers!

I absolutely did! By doing so, it actually got me off the sidelines and into the game! Best decision I've made in recent memory. If you've been on the sidelines for a awhile, just jump. Take action my friend!

I live in Kansas City and own properties in the Multifamily space. If you're looking to connect and network in the KC market, let me know. Cheers!

If you're looking in Cleveland you might as well take a peak at Kansas City. Better job growth and population growth than Cleveland. I live in Kansas City and own properties in the Multifamily space. If you're looking to connect and network in the KC market, let me know. Cheers!