All Forum Posts by: Brian Bohrer

Thank you for the great information Julio!

I have spoken to my CPA about forming an opportunity zone fund and he made it sound like I had to be an accredited investor and have capital gains to use to create the QOZ Fund. Am I able to just form an LLC, designate it's purpose as a QOZ Fund and then fund it with my own money to buy some land?

Any insight would be much appreciated!  

Thank you @Julio Gonzalez

Welcome to the family Jordan!

Step One - Save a 6 month emergency fund

Step Two - educate yourself while saving up money, read, listen, hit the forums and get out to real estate meetup groups to find the strategy that is working in your area and appeals to your goals.

Step Three - save up a down payment and some renovation/investment emergency funds

Step Four - buy that property that you have researched and vetted and let the appreciation of wealth begin!

Step Five - Repeat from step 3!

This obviously isn't a detailed plan, but the important thing is to educate yourself about your market, meet others that are like minded, build up your confidence and take action!  I wish you the best on your real estate journey!  Take Care,

If you go onto the Airbnb site and build a listing, they will give you an estimate on the rent per night and the expected weekly/monthly income based on your location.  I would not completely trust this estimate as I am sure they are going to be a little inflated.  AirDNA may give you an estimate as well, but sometimes they make you buy a subscription for the good information.  You may be surprised that even in a non-tourist area you will have travelers who would rather stay in your home than a hotel room while traveling!

If you are near a hospital then mid-term fully furnished rental may be the way to go... is there a second kitchen or is there a space to add a kitchenette near a laundry room or anything?  

If you can separate the living spaces by adding a well placed door you may be able to live in one portion and rent the other portion out as a short/mid term furnished rental.  Then you wouldn't have to worry about your babies! If you go the mid term rental you would definitely want to add the kitchenette so they can cook in the unit.

I have heard many landlords of all sizes have success with www.avail.co and best of all it is completely free!

Wake up everyday and work like it is impossible to fail.  There is a strong correlation with mindset and vision to become reality.  

Sold by David Greene is also very good also as @Daniel Lussier commented above!

Most Agents I have met call this the real estate agent bible!  The guy who wrote it is one of the founders of Keller Williams.  I am about to read it myself as I just became an agent in October!

The Millionaire Real Estate Agent - by Gary Keller (The Red Book)

The Millionaire Real Estate Investor - by Gary Keller (The Blue Book)

I wish you the best on your real estate career!  Take Care,

Hello Sejin,

This is quite the puzzle you have!  But I am sure with some advice on this forum you may find an answer or two.  

My first thought is what are the AirBnB laws in the area?  If the house is not easily divided with separate entrances that would allow you to rent out an entire space, then you may have a great idea in moving into a smaller apartment or home while your husband gets his business running.  

That swimming pool alone would get you a premium on your listings!!  Look around on AirBnb or AirDNA and see what a 5 bedroom 3 bath 3100sqft home with a swimming pool would rent for per night?  I would guess there is a good chance no one else has a similar property with the same amenities so you may have a great opportunity!  

I am not sure where you are located, so maybe the pool would not be a big drawing factor at this time.  Also the Airbnb market generally slows in cold climates over the winter, so be aware.

Another option would be to mid-term rent the home or a portion of the home for 30+ days at a time.  You would still provide furnishings and etc like a short term rental but could get approximately 20-30% more than a long term renter would pay for the same space!  

I think selling the house would be a last resort since you bought it so recently.  You may find that you would be losing money on your home sale, as the market has been decreasing over the last few months (in most areas) and will most likely continue until consumer confidence is back, which may not be until Spring or Summer.  I hope this helps and I wish you the best of luck!  Take Care,

Hey Alex!

I just recently earned my license in Colorado and had great success with an online education program.  I used one that was specific to CO so I won't list it here, but regardless of who provides the course, they all have to follow federal regulations and should all be very similar honestly.  Just make sure they are accredited with the state you choose.

I would not worry about getting sponsored first.  You can certainly do some pre-interviews to get an idea of who you want to partner with in regards to services and products they can provide you in exchange for the fees you will pay them every month and for every sale.  You will be more interviewing them than they will be interviewing you, unless you are joining a team within a brokerage.   All brokers are going to provide different services, education and commission splits, it is up to you decide who is the best fit for your needs!

I hope this helps and I wish you the best in your real estate journey!  Please feel free to reach out if you ever have any questions about the process or the industry!  Take Care,

My business vision for 2023 is to work with and close 10 real estate deals for my clients.

My personal investment goals for 2023 are to purchase a primary residence side-by-side duplex to house hack in Colorado and buy an owner financed SFH in Nebraska to diversify and grow my portfolio.

2023 is going to a big year for me to build momentum for future investments!