All Forum Posts by: Brandon Levi Eagan

Thank you guys to everyone who has commented.

I definitely see the opportunity for people to ruin the business and will reconsider.

I do not want to work at it and would want it to be passive and That doesn’t seem like it will work.

It was an idea and I’m grateful for everyone’s feedback.

Will stick to Multifamily properties for now!

@Don Konipol

Even with managers/assistant hired for it? As long as the income they bring is treater than their expense , which if setup right will, I think it would be a good investment.

Thank you for sharing !

I definitely do not want to have to work in the shop. Looking for passive.

@Doug Smith

Thank you for sharing!

A coffee shop sounds like it will produce a good amount of money as long as I have the right manager, just as a property manager they can ruin a great investment.

I may take the risk and see how it works out.

Does anyone own a coffee shop or have invested in a coffee shop?

I’ve been considering opening a coffee shop up and hiring people to run it. I’ve got family that work and manage a coffee shop and are moving to where I live

Anyone have any experiences to share?

@Ron Rohrssen For Sure, Thanks for the Tag.

I Had messaged Craig, He decided to invest in another area but said he will keep in touch.

@Ron Rohrssen

Will Do! Thanks for the tag. Great Information.

@Justin Hayden

Sounds Great!

I’ll be here.

@Justin Hayden

Great! Keep on reading,listening, and learning!

& Yes you can FHA Loan up to a Fourplex. Anything above a fourplex is considered commercial, which doesn't have as good rates and requires more down.

Run the numbers and do your homework, some duplexes are better investments than fourplexes and vice versa.

Write down what your plan is.

For example, Multi family home in the price range of $150k-$250k in this city or area of town.

Search and search and reach out to some RE Agents and let them know your plan. Try to find an Agent in your area that has rental property that can let you know if their opinion on a property.

For example , I was looking to Flip a SFH, after walking thru it with my broker he gave me his honest opinion, the house wasn't worth it because of the amount to rehab. Most Agents just want you to buy so they get their check. Your agent shouldn't push you to buy a bad deal.

Good luck!

If there’s anything I can do to help feel free to message me.

@Justin Hayden

Have you read any RE investment books?

I would suggest the following as they’ve helped me

-The Book On Rental Property Investing By Brandon Turner

-How To Invest In Real Estate ( Beginners Guide ) By Brandon Turner & Joshua Dorkin

- The Book On Managing Rental Properties By Brandon Turner & Heather Turner

- The House Hacking Strategy By Craig Curelop

- Buy,Rehab,Rent,Refinance,Repeat By David Greene

There are many more but read and watch as many Bigger Pockets Podcasts on YouTube as you can!

Become a BP Pro member and analyze deals.

Repetition is key.

Hope any of this is helpful.

My opinion is Duplexes! Easiest way is FHA 3.5% down House hack and move on after a year or two.

Good luck!

@Ron Rohrssen

Thank You!