All Forum Posts by: Brad Spencer

Just to provide context for what I'd "dream" would be an ideal real estate operation.

1. Daily emails from brokers with investment properties to look at and put through my spreadsheets/trackers

2. Lawyers, banks, etc sending me leads so they can help their clients sell faster.

3. Lenders emailing me or providing letters of credit so property can be purchased with "cash" at better pricing (figure people are willing to give you a better deal if you can close with cash instead of waiting on a loan)

4. Property Management companies hitting me up with possible leads from their client base.

Haha I think big I realize that so just trying to get a structure that's realistic so I can manage my expectations (early 20's were "too much dreaming not enough planning" so trying to avoid that in this new area of my business)

Thanks again :)

Hey Bigger Pockets Crew,

So...one of my big goals over the next 5 years is to develop a portfolio of real estate valued at $3 million that passively cash flow at least $150,000 a year (5% Passive Cash Flow in my mind seems reasonable but I admit thats sort of pulled out of thin air)

Big issue I'm facing honestly is that I don't really know how to set specific goals for numbers and what I should "expect" in the beginning to measure progress.

I've been successful in my internet marketing ventures for 5 years so I definitely know specific goals are key (I have goals in almost all areas of life except here).

How did you guys and gals set your goals early on both numerically in terms of passive cash flow but also in "how many units should I acquire this year?", "how many lenders should I establish relationships with?", "how many real estate professionals should I have hunting for property for me?" etc.

I'm in sales and joint venture recruitment in my online space so naturally I'd think having more of these lenders and real estate pros on my side would be a good idea but I admit I'm flying blind on the specifics.

I'm quite possible overthinking this so happy to have people answer that too if that's the case.

Appreciate any advice or experience you might be willing to share :)

Thanks,

Brad Spencer

@Paul Timmins - wow...talk about creative (simple but easy)

Love it :)

@Brandon Turner - actually found this site because of your killer videos on youtube. Some of the best in any niche market I've ever seen :)

Thanks for the welcome and i'll be reading those articles!

Def appreciate you all having me.

Cheers,

Brad

Wow...thank you guys and gals so freaking much for the warm welcome :)

Definitely see why people love this forum. The interaction is just incredible.

@Paul Timmins what do you mean by "don't have to own a property to control it" and could you point me to some reference material on what you mean by that?

Thanks in advance :)

Hey Everyone,

My name is Brad Spencer and I'm a new real estate investor here in Orlando, FL. I've been studying real estate (from the book perspective) for years and even have a finance degree with a real estate track.

After taking a few years away from my studies (graduated 2 months before Lehman Brothers collapsed so real estate industry was put on hold), I've decided to start investing and putting my income from my internet businesses into property.

The last 5 years I've owned a restaurant, worked for Disney, sold cruises, and have been doing internet marketing since Summer 2008.

I'm looking to pick up 2-4 unit properties and, if possible, live in one of the units. Eventually, I'd really like to own 20-100 unit apartment buildings to use my business and marketing skills on the internet to improving the operations of an apartment complex.

Since our company works with local businesses, I've seen how many people struggle with internet marketing and feel like I can contribute to operations in this way (lead generation, marketing, and high levels of service to improve operations and cash flow seem to be my "niche" from what I can tell).

I'm new but I'm here to fix that and share what I know about internet marketing with all you wonderful folks (I've been reading unreal amounts of practical info on this site which has blown my mind...super pumped to be here) and if I can help you guys and gals with anything marketing related please don't hesitate to message me or get in touch.

Happy to help!

Thanks for having me!

Sincerely,

Brad Spencer