All Forum Posts by: Brian Brown

As a newbie in REI listening taking in all the info possible there is a lot said about not using your own money, zero down, OPM, private money, HML...ect. Also the debate about know and get financing first to know your numbers and others say get the deal and money will come. My questions are 1. which way is the correct way get financing first or find a deal and I suppose this completely depends on the exit strategy. 2. With Private or Hard money are you getting 100% of the money needed or are they no different than a mortgage with needing money down if so where do you get the money down from if not using your own money. 3. Are Private money rates good enough for buy/hold deals. Thanks in advance BP nation.

@Patricia Steiner - Hi Patricia you mention that there are many ways to manage out of market/state properties other than PM's. Being a newb what other ways do you use or are out there. This is my biggest fear/obstacle I'm trying to wrap my head around is trusting others to tell you and give you the truth about a property so not to get screwed. Thank You for any advice.

@Jay Hinrichs - Hi Jay if an LLC is easily pierced why create one for a single member or husband wife investing business. How do you legally protect yourself or partners.

@Chris Davidson - Thanks Chris, no boots on the ground that is what I'm trying figure out as to who to contact first and how to have trust worthy people and not get burned.

Is there a/or what percentage increase are you using on bidding right now. With the current lumber and fixture prices the old numbers in many of the fix/flip and BRRRR calculators will get you buried. Thanks in advance BP nation.

I'm looking to do some out of state investing. What I'm trying to figure out what is the best and fastest way to put a team together. Where does one even begin to find the right people so you don't get screwed or waste time with those unable to actually help. This probably a newbie question but any help is grateful, Thank You in advance BP nation.

Well after making this post I typed his name in the search bar and phone plenty of other post that's somewhat answered my question. It seems it's a very divided line not only with Marko's  course/system but any of them. Those that are new seem to appreciate having a system to follow and to learn from. It seems the more experienced investors on here are all about find it on your own. So the way I see it you can pay to be educated step-by-step on how to do things or you just dig through multiple blogs and post and figure it out on your own for free with no guidance as to where to start and what then next step is.

Came across this program digging around the internet about real estate investing. Has anybody here bought his course, looking at reviews I see a lot of scam stuff mentioned and over priced, upselling and not getting refunded for money back guarantee items. Not sure if these are people that didn't take action and so they think it doesn't work or is it a scam.

Great info Jeff, Thank You

Looking for input as I crunch some numbers. I'm new to commercial real estate and trying to learn as much as possible on how to evaluate a property's price/value. From what I've seen to get there is take NOI/Cap Rate = prop. value but Cap Rate = NOI/Prop Value. But how do you know what the property value actually is to use in the equations. I ask this as I found a property that is asking $900k with 24 doors has an avg NOI the past two years of $43,532 as they have been upgrading 11 doors, parking lot and painted the building. It was purchased for $470k in 2016 and $425 in 2014. Thanks in advance for any information and help.