All Forum Posts by: Bjorn Ahlblad

Join a local REI or LL association and network. You might find folks to partner up with. Or determine where and how you want to get involved, raise some capital by selling or using your current properties as assets and get involved that way with or without partners depending on your budget and goals. All the best!

Having 100 units under one roof gives you far more focus and economies of scale when it comes to maintenance etc.

All your risk is concentrated on one pile. You have no flexibility when it comes to exit strategies with only one building/project.

They both have advantages and drawbacks. Often it is a case of where you end up as opposed to where you wanted to end up. Make the most of it wherever you end up.

All the best!

Congrats on your thriving business! Renting by the room to students is not what I would consider as a source for "passive income". Hard for me to think of anything more hands on. 

I would include the storage and bake it into the rent or not bother, you will have enough to account for as it is. All the best in your new venture!

I do not know the answer but I would suggest you not rely on the anonymity aspect of anything today. Once there is a record or a database anonymity is suspect at best.

2 nd vote for USBank

Who will manage the property would be a primary question for me. 

Last thing I'd want is more opinions and oars in the water. I would do it myself with the contractor via Face Time. All the best!

Contact an REI or LL Association in your market. Membership is cheap, networking is great, and sometimes the support resources are surprising. Google to find one in your area. All the best!

Congrats on having too many irons in the fire! I liked the sound of building up some capital from the fix and flip deal. But then I got to the part about having no experience and going out of town. Not a good combination I'd say-maybe even a lot worse.

Don't stretch yourself too thin. OOS flips can work or be a disaster. With limited experience you bring a lot of risk into the picture that combined with travel and delays could spell disaster. Maybe look at what nobody really wants to look at and that's some budgeting. Any room for that so you can save more from your W2 jobs?

What would I do/recommend? Slow down. Maybe put off the second project for now? Find a way to do it later and closer to where you are. Yes, it may cost a lot more but being in NY it may offer a lot more margin as well. Stay in control whatever you decide. All the best.

We do an inspection before move in and again on move out. Video, and checklist coming in and going out, this in an attempt to have it work out for both parties. I think it has worked fairly well most of the time. All the best!