All Forum Posts by: Brendan Reilly

How do you go about insuring that your units stand out in their given area, attracting higher rents and more quality tenants, without overdoing it and wasting valuable money? Do most of you find only one or two differences to stand out, or do you consider each improvement on a risk/reward basis or some other method?

also I forgot to mention that I did a search of my own and am already aware of del reia. In just 5 minutes on their website I get the hardcore upsale vibe and that's why I'm looking elsewhere. I could be wrong, but it wasn't just a hint of upsale.

It's been a few months since my last posts and I took a ton from the responses. I started learning about wealth from the ground up and have geared my life towards taking action. I'm partially through a BRRRR but I acquired it through close relationships so I never received any deal acquisition experience from it. I am interested in networking and helping current investors to train up and practice what I have learned. Is anyone aware of an east coast network or investor in the delaware(state)/ philly area that could use some free help?

That's good news on the inheritance. I understand most of what everyone is saying. Steve, what would be your thinking behind go big early? That's one of the largest decisions I feel I face as to how to use the money. I see so many cheaper properties pushing into the mid 10s on cap rate but they all look like time bombs for repairs. Do larger more expensive properties offer any advantages over small ones even with reduced cap rates?

So I recently discovered that I will be inheriting a piece of farmland. Not all of it but a fraction and we are either going to buy one another out at a deal price (around 50k) or sell on the open market( hopefully around 100k). This presents me with multiple questions. 

1. Can you 1031 a share of a property?

2. I am torn as to wether I will buy one (or 2) nice property or many so-so properties (no trash but with increased chances of falling into a pig)

3. Also one last question. I have been running the numbers and listening to everything I can. I can't seem to wrap my head around how 200 in cash flow a month would ever make sense. Maybe I am missing something but even though the mortgage may be getting paid off and your making a 10 percent cap rate I don't see how you would survive say a roof repair or even afford property management. 

To give more info I am in the Delaware-Philadelphia area, I make good money and plan on dedicating 2k a month of my current full time income into this endevear of achieving freedom. This is probably why 200 in cash flow doesn't make sense when trying to grow my portfolio exponentially and why I'm leaning to bigger down payments. Any help would be much appreciated, if I'm thinking about it all wrong please educate me.