All Forum Posts by: Ken Breeze

@Cory J Thornton it will continue as the middle class gets poorer and poorer. Salaries have not kept up with rising prices and inflation for 20 years.

And they will never again because AI and robots are here to stay a d are just getting warmed up.

COVID has kicked our butts out of the office onto the screen 📺 in to the burbs and further. Less to no commutes necessary.

Lower income means less affordable space. So either a hole in the wall in the cities (shared with others - co-living) or a small modular-, tiny-, mobile home or container in the boondocks.

Smaller dwellings are on the rise because something’s gotta give.

We source, acquire, subdivide and develop land for home builders or deploy prefab, hybrid, modular homes in the pathes of growth - nationwide.

Let’s chat 💬

@Arina Alexiuc it depends on what strategy you decide on.

Are you going small or big?

If you’re going to buy & hold a few dozen SFRs or duplexes etc., you’ll need many private lenders or investors for the down payments, rehabs and closing costs that the banks may not fund.

You may be able to refinance your private capital with a DSCR lender for better terms later down the road. Start interviewing them soon to know their game rules way be for you make you first acquisition.

If you’re going big, which I recommend, you’ll need to have a few interviews with commercial brokers and banks and still need need many private lenders or investors for the down payments, rehabs and closing costs.

One of your investors can always be the owner of the building you’d like to buy. There are so many ways to buy real estate without your own money.

Becoming a private lender, using OPM, is a whole other path you could take. Lending capital is much less physically active and completely location independent. And EVERYONE NEEDS capital.

But again, none of the above strategies are easy, fast or simple.

I'd be open to having a video call with you, if you'd like to brainstorm JV options, gain more clarity, discuss options, define a strategy, and chat things over 👍

PM me for my Calendly link.

@Nicholas L. & @Arina Alexiuc

All those classic small strategies like house hacks, live n flips, BRRRRs etc. are for the young that love spending time, and energy, and gas, learning the ropes, and fixing stuff.

Life’s too short. I lend to flippers and BRRRRs or grab an equity position, but doing all the work is messy and has VERY little leverage.

THINK BIG. THINK BOLD. THINK TIME MACHINE.

Speaking of bold, get the book BOLD, by Peter Diamandis. It’s an eye-opener.

BTW, My private lenders & investors group would gladly chip in on deal opportunities that pencil out.

@Michael Smythe & @Arina Alexiuc

BRRRR-ing your way to wealth is a very young person's game.

Use a Time Machine and jump the small stuff. Learn to raise capital and become a multifamily or mobile home park syndicator or fund manager.

It will take time until you’re confident and have all the pieces and people together but it will save you decades in return.

My private lenders & investors group would gladly chip in on deal opportunities that pencil out.

@Joseph Beilke my private lenders and investors group can chip in on deals that pencil out.

@Arina Alexiuc the volume of equity determines how much cashflow you can use for your life style.

I'm assuming the goal is to have your REI Cashflow pay for and keep up with, or even improve your lifestyle, way before you retire.

On a spreadsheet, calculate how many cash flowing units you need to reach your dream income to cover ALL your life expenses.

You will realize that your own capital will never suffice and that you’ll need to learn how to raise capital - as much as you can - for many projects - over years.

It’s a marathon 🏃 🏃‍♂️ 💨

@Arina Alexiuc why not look into a multifamily master lease, seller financing or subject to?

Immediately start learning how to raise capital. You’ll ALWAYS need more capital.

There are more than enough blogs and videos here on BP or YouTube to learn from, for free.

The bigger your vision and courage the faster you’ll reach your goals.

You can try buying ten SFRs or buy a 50-plex - the work is almost the same - but the rewards are much bigger. It’s like a Time Machine.

Learn way before you “invest”. It will take time.

@Grozie Thomas start with reading topic relevant blogs here on BiggerPockets alongside watching YouTube videos. There is a lot of free content to consume before you spend a dime on licenses or incorporation fees. It takes time to learn and process and take small action steps.

@Ian Radcliffe

The BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments to sell to home builders.

We went through all the ups and downs, did mailers, text msgs, cold calling, ringless voice mails, the works - until we had enough of that cash bleeding. There is another, much less stressful and less costly way.

We also JV with private capital partners and land flippers to deploy prefab modular homes on our acquired and subdivided properties.

If you need any guidance, feel free to connect with me here, on FB, or LI.
_
P.S. And yes, after holding back for years, we're launching our first beginner land-developing course shortly. Stay tuned ;-)

@Eyal Hevroni

The BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments. If you need any guidance, feel free to connect with me here, on FB or LI.