All Forum Posts by: Brian Bohrer

Hey Jeffrey,

Sounds like quite the utility puzzle! I am sure there will be several different ways to slice up the 4 pieces of pie here but I think I would go to a different structure where all tenants are charged a flat rate for utility usage.  Take the last 12 - 24 months of utility charges and divide that number by the amount of bedrooms.  Once you have your per bedroom number, charge each unit based on the amount of bedrooms within.  You will most likely have to adjust this number with inflation and energy cost fluctuations every time your re-lease, but should save you some headache along the way.  Just be sure to mention in your adds that utilities are included in your rent and you should still stay competitive in your market!  Ultimately, as long as your end price is reasonable for your market you should not lose any tenants as they will have to pay market rent somewhere else also!

I hope this helps! Good luck :)

I agree with Eliott, get with your favorite lawyer and just have him put in writing the agreement that you currently have verbally.  As long as there is signed documentation between you and your partner, there should be no issue later if there was a falling out.

Good luck in your adventure! I just moved out to Colorado from Nebraska earlier this year, I hope you are staying warm!

Take Care,

Thanks again for putting together such a great meet up!  I have been to 2 events now and can't say enough about the value provided between the presenters and the attendees.  Keep up the great work!

Hello @Christopher Derrick Jr,

I think you are already on the right path my friend!  Let your curiosity about real estate guide you by listening to podcasts, reading books and educating yourself about the many different genres of real estate!  If you already have a well paying W2 income, then you could become a real estate entrepreneur on the side as you learn, save and build your portfolio.  

But, if you are looking for the fastest way to learn all about real estate, then you should dive in to the courses offered by your state to become a licensed real estate agent! There is no better way to learn about an industry than from the inside out.  Embrace your passions and feed of your curiosity to discover the niche in real estate that really calls to you!

All it takes is consistent effort and you will get to wherever you want to be in life!  Good Luck on your journey!

Hello Sam,

I have seen many agents in my area convince their sellers to offer concessions in order to attract more buyers.  As for the buy side, I am not sure there is much you can do to make your offer more attractive besides what you have already mentioned.  I suppose you could waive contingencies, but that seems a little excessive when the buyer has the advantage now.  

Ultimately the sellers are going to find that with time on the market their home becomes less appealing and by starting out at an inflated cost they will be hurting their chances to be sold at a fair price in the end.  The market has tipped in the buyer's favor in most areas, but with rising interest rates these buyers are shy to pull the trigger.  I think everyone is just going to have to lower their expectations and compromise a bit to keep the market moving.

Hope this helps! Take Care,

Real Estate related - Rich Dad Poor Dad, BRRRR, Sold

Financial Independence related - A Simple Path to Wealth, Millionaire Next Door, Richest man in Babylon

Business related - How to win Friends and Influence People, Never Split the Difference, Think and Grow Rich

Looks like I need to pick up a copy of 4-Hour Work Week!

Hey @Drew Cole,

It's great to hear that you are about to take life by the horns and start on your real estate investment path!  I am originally from the central Nebraska area but moved out to Colorado Springs as of 6 months ago.  The best thing I did for myself was to get on Meetup.com and search for any and all Real Estate Investment groups in my area and just start going to meetings!  It is uncomfortable to put yourself into unfamiliar situations, but I would say by putting myself out there, I have met more like minded investors in the last 2 months than I have met my entire life before! 

Good Luck on your adventure and please feel free to reach out if you ever have any questions!  Take Care,

 My pleasure Ivan, I just love sharing life changing information! Good luck my friend

My best advice would be to get on meetup.com and find all the Real Estate Investor related groups you can find in your area and just get out there!  I feel there is no better way than to find the people you mesh with best than to get involved in these groups and see where your character takes you!

Hey @Luke Carl,

I am using a company called Boomerangdm.com currently who sends out unique local coupons to my imported contact database once per month.  They are only serving certain markets currently but I love their ease of use and diverse array of coupon partners.  I think I pay just under a $1 per printed & shipped post card for my database of under 200 prospects.

Highly recommend!