All Forum Posts by: Bryce DeHaan

@AJ Shepard

Hey AJ,

Thanks for the response. When I say big deals I mean large commercial apartment buildings eventually. 200+ units. My goal would be to get to about $500k-1M net per month and I understand that there are stepping stones, just giving u some perspective on where my eventual goals are at because I’m not going to be flipping D class duplexes and managing them myself. I plan on using leverage every step of the way. I am totally fine with starting small and I’ll be doing my own deals as well with my own money so the portfolio will grow. My goal is to essentially help people take their money out of their 401k, home equity, etc. and invest with me in an asset that ACTUALLY is going to create positive returns long term. I am going to do all of the sweat equity and said investor would be a completely passive investor. With that being said, I didn’t take into account the net worth factor so that is something to research for sure. Thank you!

What do you think someone like Grant Cardone or Manny Koshbin would do in today's day and age to start out in real estate? Obviously they use or have used a lot of private equity or crowdfunding tactics to fund their deals. Being brand new I have a lot of plans but I want essentially use private money to fund deals and get those investors a great return on their capital. How should I implement this? I also am a lone wolf so I'm open to equity partnerships but I am going to be in control of everything with the asset itself. It would be a complete private equity deal. Does anyone have extensive experience with private loans to fund LARGE multi family deals? And I'm not talking about if you run a syndication or something if that nature. I like the idea of funding and syndication but if I was involved with that I will not invest into someone else deal. I would love to hear some insight and conversation with some experienced guys who have done BIG money deals. If you want to chat REI message me!

@Grant Schroeder

Hi Grant, thank you so much for the response. I am currently renting but owned a home in GA while I was active duty through a VA loan. I was not entering that purchase with an investors mindset so we sold it clean and clear and made a little bit of money on the equity. We moved to Arizona and started a business so we couldn't qualify for a home loan until two year tax returns. We will have more than enough to cover a 4-plex as well as everything else included while managing it ourselves and adding value but we were thinking private money to get into a larger deal faster. Essentially to prove my net worth to other potential partners/investors in the future. Honestly anyone I can talk about real estate with or learn from is a great contact in my opinion. If you'd like I can send you a message and we can chat on a zoom or something in the future?

Hey BP, thanks for taking the time to read my post! I'd like to first just lay a foundation for my question. I am a 22 year old married veteran with 2 kids and one on the way, currently living in Arizona, and I own a house cleaning business. I have extremely high goals in REI and plan to one day own 5-10,000 rental units. With that being said, I completely understand that we are still at the beginning of our journey and we have some stepping stones. I originally planned to find private equity to fund a 4-20 unit building and utilize the BRRRR strategy. I either haven't had much luck or haven't tried hard enough but we haven't found anybody willing to invest with us even though I have extensive real estate knowledge as well as capital myself to have some skin in the deal. We are saving to have the money if we need to do a VA or FHA and house hack for a while but are still open to private equity and giving an amazing deal to whoever invests with us. My question is, what should I be doing in the meantime to set myself up for massive success aside from just learning the numbers and my market? We will be going to the outer Tampa area so what should I be doing to stay proactive while I stack my bills for the next 6-8 months?

@Ken Gee

Ken,

I am actually taking a trip out to Tampa at the end of July and I would love to meet for coffee or something just to connect and chat. If you’re up for that I can send you a message and we can set something up!

@Ken Gee

But, I plan on getting a large enough deal that I can use a good property manager.

@Ken Gee

As the operator!

@Patricia Steiner

Thank you for your advise!

@Patricia Steiner

I actually don’t mind that advise at all! I’ve been thinking the same thing and I know that timing is key. I won’t be doing anything for AT LEAST 12 months except going out to scale the area. One thing I am confident of is that the market will adjust for opportunity, it’s just about when. I think I more so need to get a feel for which neighborhoods are going to be the best and really scope the demographic of each area. Which areas would you suggest as far as a growth and infrastructure is concerned?

@Luke Rorech

Thank you sir!