All Forum Posts by: Brian Schroeder

I am wondering if there is a centralized place that hosts all checklists for every part of the real estate investing process.

For example:

During the buying process, following this checklist to ensure you're following every needed step and also check for these specific things which can lead to a lower valued home (flood zone) or cause issues in the future.

As well as for renovating (Ensure checking for termites, rotted wood - Bathroom and Kitchen renos are most valuable), Renting, Refinancing, etc.

This would be great to have for new and experienced investors as well, as updating these lists as more valuable information comes in can benefit us all and ensure we cross our t's and dot our i's on all of our deals.

I would be willing to help put this together if this is not in place already.

Looking forward to hearing back from my fellow investors!

Thanks!
Brian

Quote from @Nicholas L.:

@Brian Schroeder

consider house hacking locally

going to be very, very tough to do an OOS BRRRR as your first deal

Yeap that was my first goal to house hack so I have a nice place to live haha.

Though I'm in Jersey for now so it's a bit hard with the prices here. Hoping for a dip soon, have a nice pile of cash waiting!

Thanks for the comment and input Nick!

Quote from @Account Closed:

Quote from @V.G Jason:

Quote from @Account Closed:

Quote from @Brian Schroeder:

Considering that the job market was such a strong factor for such a long time in the value of an area and properties; how does the paradigm of a large percent of the working force (~17.9%) 27.6 million working from home change that dynamic? An argument can be made as well that number will only increase in the next 10-15 years as a lot of companies are breaking out of the old mindset of the traditional work dynamic. 

This could lead to some areas that have been resilient for a long time due to the amazing job market around them taking a bit of a hit, and other areas that have other important criteria's such as great schools, walking score, etc. that could see an increase in value over the next 5-10 years.

Something to think about, let me know all of you thoughts!

Work from home source

Brian Schroeder

Real Estate Investor | North New Jersey

We're including a "Home Office" in our STR in Phoenix so that if someone wants to travel to Phoenix / Scottsdale and still get things done in their business, they can comfortably. I think "working from home" will continue for the foreseeable future until the "fear of Covid" passes.

 That fear will never pass, it can actually only get worse. But WFH, in my opinion, will only grow as the younger millennials step into management roles in the next 3-15 years.  What that does to housing is probably going to be unch in the long run. And boost rural in the short term with a possibility of a crash in the long run. It's not like we have a cap on the amount of buyers in America, if New york loses steam trust me a Euro will step in and buy. If cali loses steam, trust me someone in east asia will buy. If the cost of the New York & LA short will be a Tulsa long. So I think unch really.  The short term aspects will cause some random markets to super appreciate and dump.

@V.G Jason: Your Comment: "That fear will never pass" is correct.

It's a shame the manipulation of the populaton was so sucessful.

What you will see coming forth and is now in some scientific studies, is that Ivermectin, Hydroxcloriquine HCQ (used for malaria), Quercetin with zinc, Vitamin D, Vitamin C, all are effective treatments for Covid.
The problem has been that these solutions cost under $20.
While they can get $33,525 if they call it Covid

Here Are The Numbers
https://www.fairhealth.org/sta...

 

 
I do believe though, that despite the cause of the new increase in work
from home employees - a new standard has been set as Jason mentioned
earlier especially with millennials that work from home is most likely
here to stay. A lot of Engineers and others applicable to work from home
in the past wanted to do so, now that companies are seeing that it is
possible and actually has some advantages such as saving on rent on
offices as well as being more competitive to higher top talent I can see
the numbers going up of remote workers for those specific facts. Times are changing with technology so that fact could bring great opportunity with other areas with value other than a good work market.

Quote from @Tim Johnson:

Quote from @Brian Schroeder:

Quote from @Tim Johnson:

Quote from @Brian Schroeder:

Hey Brian, if I WAS a savant in my own area of expertise.....what would convince me to want to connect with you?  How exactly are you able to help me reach my goals? I mean....if this is going to be mutual....and we're actually going to benefit each other?

 Hi Tim,

Thank you for taking the time to get back to my post.

I would love to hear more about your goals and experience while having a conversation over the phone when you're available. 

I am very serious about being a real estate investor. My goal is to scale my rental portfolio as fast as possible and having you as my agent would obviously be beneficial financially but also I love networking with other investors so I would refer you to every investor which was truly serious about purchasing a home. I know so that would that would bring you tons of business and also we can build our reputation together in bringing more deals to the table.

Would love to talk more when you're available I sent you a connect request.

@Brian Schroeder - thank you. You clearly are considering how to network.....and my comments were not meant as a dig - just an encouragement to be very specific about what you can bring to the table in any kind of cooperation. Everyone can articulate goals and their desire to succeed. However, the specifics of the benefits that you can offer (e.g., you have time to commit to a project, capital, carpenter expertise, you would be willing to do research, run errands, bird dog, etc.)....these will be attractive to other like-minded investors who may have knowledge and expertise - but limited time.

Anyway, best wishes. As I'm on the opposite coast I may not be your best partner :-) ....but thanks for connecting...

100% Tim, thank you for caring enough about others and pushing them to think about things in a way that can continue to help them grow. That's exactly how I took it. As David Greene preaches, the most important thing is to bring value to others first and only then a successful relationship can be formed. I will be able to scale with my capital which will bring many sales and opportunities with those that I work with which I am excited to see come to life. I am looking to invest OOS as New Jersey house prices are typically in the $400K-$500K range which would obviously be a higher barrier of entry to deploy the BRRRR strategy. I will do more research into your area and see if that is feasible with my vision - but would love to stay in contact and see if I can bring value to you in any way! 
Thank you for your time so far!

Considering that the job market was such a strong factor for such a long time in the value of an area and properties; how does the paradigm of a large percent of the working force (~17.9%) 27.6 million working from home change that dynamic? An argument can be made as well that number will only increase in the next 10-15 years as a lot of companies are breaking out of the old mindset of the traditional work dynamic. 

This could lead to some areas that have been resilient for a long time due to the amazing job market around them taking a bit of a hit, and other areas that have other important criteria's such as great schools, walking score, etc. that could see an increase in value over the next 5-10 years.

Something to think about, let me know all of you thoughts!

Work from home source

Brian Schroeder

Real Estate Investor | North New Jersey

Quote from @Richard Loniewski:

I have been investing in Bergen county for the last 2 years, I am also an agent with Keller Williams in Ridgewood and am a hard money lender as well

 Hi Richard,

Thanks for taking the time to reply to my post!

Bergen count is a beautiful place filled with great investment properties.

I will chat more with your in direct message!

Thanks,

Brian

Quote from @Tim Johnson:

Quote from @Brian Schroeder:

Hello, my name is Brian Schroeder I live in North Jersey!

I would love to work with very well experience individuals who are savants in their areas so we can benefit from each other and build long lasting fruitful relationships!

I am working to own 20-30 properties in the next 10 years and with the BRRRR method and would love to have some amazing individuals to work with.

Also, for investors on the platform that are just getting into real estate in Jersey, or have been established for a while I would love to network with you and accomplish our goals together.

Hey Brian, if I WAS a savant in my own area of expertise.....what would convince me to want to connect with you?  How exactly are you able to help me reach my goals? I mean....if this is going to be mutual....and we're actually going to benefit each other?

 Hi Tim,

Thank you for taking the time to get back to my post.

I would love to hear more about your goals and experience while having a conversation over the phone when you're available. 

I am very serious about being a real estate investor. My goal is to scale my rental portfolio as fast as possible and having you as my agent would obviously be beneficial financially but also I love networking with other investors so I would refer you to every investor which was truly serious about purchasing a home. I know so that would that would bring you tons of business and also we can build our reputation together in bringing more deals to the table.

Would love to talk more when you're available I sent you a connect request.

Thanks,

Brian

Quote from @Nathan Gesner:

Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.

 Great advice Nathan - I really appreciate that advice and will be sure to check that out!

Hello, my name is Brian Schroeder I live in North Jersey!

I am looking to network with other investors as well as start to grow my rock star team of my core 4 team (Agent, Contractor, Lender,PM)!

I have read David Greene's book 'BRRRR' book twice now and I am ready to begin furthering my knowledge and experience in real estate.

Some background of my goals as an investor, I am looking to get into a multi-family house in the next 6-12 Months (depending on the market.) I would love to house hack this property (though understanding this may be challenging in a place like Jersey), so I can cash flow or even break even to live in the property while advancing my bigger goal which is implementing the BRRRR strategy in the next 1-3 years.

I would love to work with very well experience individuals who are savants in their areas so we can benefit from each other and build long lasting fruitful relationships!

I am working to own 20-30 properties in the next 10 years and with the BRRRR method and would love to have some amazing individuals to work with.

Also, for investors on the platform that are just getting into real estate in Jersey, or have been established for a while I would love to network with you and accomplish our goals together.

I look forward to building meaningful and fruitful connections with all of you.

Thanks,

Brian