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All Forum Posts by: Breyan Lallas

Breyan Lallas has started 5 posts and replied 10 times.

I am looking to get immersed in every part of it - not just to steal deal-finding secrets ;) Honestly, even the construction, coordinating, permits, & supplies part would be beneficial. I totally understand how this could seem a nuisance, however I am currently an Executive Assistant and could benefit someone in many organizational ways. Scheduling, calendaring, emails, phone calls, coordinating, communicating and any other organizational tasks are my strong suit. It could potentially be pretty decently mutually beneficial. 

I think I might be in the "analysis paralysis" faze. I've been reading/researching for months, saved money and am ready to fix/flip. However, fear keeps holding me in place.

Are there any rehabbers/flippers in the Twin Cities that would be willing to show me the ropes and essentially let me "work" (watch) along side them for a few months? I am not looking to get paid for this opportunity. Just want to go get out on the field and see how this all works. 

Post: How do you find wholesalers?

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2
How do you find wholesalers in your market? I live in The Twin Cities, MN and have no idea where to start looking

Post: Should I flip a few houses before investing in rentals?

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2

Hi all,

I have been learning SO much about real estate investing over the past few weeks. I have a little capital to start with and I want to pull the trigger soon here. My long term goal would be to own rentals for passive income. However, I am wondering if that will tie up all my capital in between purchases or if there is a strategy that I am unaware of? 

Example: If I have 50k to start with and have to put it all down on an investment property, do I have to save another [50k or some other amount] to put down on my next investment property?

Would it be a good idea to do some flips first to build some more capital? 

I want to move ahead quickly in the real estate investment game and I'm just wondering what's the best and fastest way to do this. 

Post: Saint Paul * The Real Estate Investment Network

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2

What is the address for this event?

Post: So many questions about Wholesaling!

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2

Hello all! I am just starting to get into researching Real Estate Investing. I am quite curious about what exactly 'Wholesaling' is. I think I grasp the concept, but I have so many questions!

1.) Is it illegal?

2.) Who draws up the contract? Do you use the same standard contract for each house?

3.) How exactly do you "sell" the contract?

4.) Couldn't an investor screw you over by reviewing the contract for the property, and then going behind your back and purchasing the property without going through you?

5.) Where do you obtain a buyers list?

Post: Wholesaling Newbie Checklist

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2
Sorry for the random jump in/response here... but what is a carrot site?

Post: Investing in a vacation home used as an AirBnB?

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2
@Wes thank you!! This is good stuff. It may be a bit of a more distant goal, but if I tried to do it sooner than later, it would be closer to 20% down, unfortunately. Scottsdale would be the goal and I’ve been a bit concerned about the up and coming short term rental laws that have been popping up in some states.

Post: Investing in a vacation home used as an AirBnB?

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2

I am wondering if anyone has any experience purchasing a vacation home (specifically in Key West or Arizona, but advice from anywhere would be great) and renting it out as an AirBnB, when it's not being used? I am specifically wondering if the income would be high enough to at least cover the mortgage and preferably bring in a small profit as well. 

Thanks :)

Post: 100k to burn, best cash out strategy?

Breyan LallasPosted
  • Investor
  • Woodbury, MN
  • Posts 10
  • Votes 2

Good stuff in here.