All Forum Posts by: Brian Turnbough

 Hey Russell,  I'm not sure?  I'm basing that on statistics from a few years ago, in the actual district crime was very high.  I also lived in Rockville for a while and when I went into DC there were places that you just didn't want to go (things may have changed)? 

That said, I had an office in King Farm and in Tysons Corner and both those area were awesome.  

The take away for me is whether it's the US, Colombia or xyz real estate is local, not just on a city level but a neighborhood level.

hey brian give us ur thoughts 1st so we can chime in...

I heard on a podcast awhile back about an investor seeking out bank's REO portfolio's often from a bank officer or president. This is a strategy that I would like to look into for my next deal. What is the best way to reach out to a bank/lender to seek this information?

@Brian TurnboughI have been an investor in real estate and in trading forex.  In fact I bought a 6 plex 2 days before I married my husband.  We spent our honeymoon and beyond repairing the 6 plex.  The race was on. We owned apartments in Colorado, Texas, Alabama and Arizona.  Being a landlord was a full time job on top of my other full time job. We made great money and life was unbelievably busy. The best was when we did a seller carry on our apartments in Arizona.  We no longer had to manage the apartments and tenants, we just collected the mortgage payment.  But through my experience of being a landlord, a lender, a forex investor and with time I have today because we now have kids; I would have to say I would take the $1MM and invest in trading in forex aka currency.  

@Andrew Linscott  on how to get started? I see this question asked weekly so being a buy and hold, multi-family investor, let me give out an answer I don't see often. Everyone one wants to own properties, but how many know how to fix or maintain a unit? If you have no experience fixing appliances(w/h, w/d, to ovens and refridg.), laying carpet, ,texturing, painting walls, then get a second job as handyman or contractor and learn any construction skills. Most everyone can gut a home, but knowing how to estimate costs,  see what needs fixed and be able to accurately estimate  a job, project is critical to you even having a chance at succeeding. So I would start in a construction trade doing odd jobs, raising cash for a project. And don't worry about finding business to get started word of mouth alone will get you plenty of jobs. If you don't want to get your hands dirty, you need either to find something else or if you have the capitol go turn-key, then it really is pretty easy. Good luck in 2016. 

@Brian Turnbough what sounds Risky it all how most HML work along with syndicators etc. if your making 1st position loans at 70 % LTV with good borrowers that you know and trust and you don't have a price melt down like the once in a lifetime GFC was its a pretty decent way to make a buck.. especially when you leverage up to 40 to 50 million...