All Forum Posts by: Cassie Sherie

@Todd Aaron First, I'd like to say congratulations on your first deal! Secondly, if you tell yourself that 
"apartments are more of a mystery"  "hurdle to get over" "not as much information out there" then that's exactly what it will always be to you. What you tell yourself becomes your truth, be careful words and thoughts are powerful... so watch what you say to yourself and change your mindset. I agree with @Gino Barbaro there's an abundant of multifamily information out there... and it is not some mystery. 

Kevin, 

This is an interesting approach that you have established. Seems pretty straight forward and to the point. No upselling other products, No Money demands, No nonsense, all business and actionable steps toward learning the process and reaching goals. 👌

@Lauren N. for cash flow/NOI for your mom and beyond I definitely vote for commercial apartment complexes, 100+ units. The benefits are plentiful when you get up in those unit numbers, things overall get cheaper believe it or not, and obviously NOI increases considerably. You have more than enough cash coming your way to purchase several properties and if you play your cards right leverage those properties, buy more, and keep repeating the process. Find the right property and one complex alone could easily net $100K+ per year. All while the mortgage, taxes, etc. are being paid by the tenants. And the property will also appreciate over time for more returns. Also if you buy properties north of $1M it's more likely you will qualify for a non recourse loan. Always make sure the numbers work, the numbers don't lie, don't get emotional or attached to the property... or overpay...move on to the next if it doesn't make sense. Create a thorough and detailed checklist of everything to go over in the due diligence process. Anyway I can go on and on ...but you get the point! 😊 You have a great opportunity here, don't blow it! LOL!

oh and beware of those "guru" B.S. courses...don't waste your time and money... find a legit and credible investor who's successful in MultiFamily, has done this before and is doing this now in real time and learn from them....put together a great TRUSTWORTHY team that performs, make sure you get all the details and ask questions... stay on top of things...this is your business and don't be afraid to fire someone if need be. 

Also, just because someone on BP has "pro" on their picture does not mean they are a pro... anyone can be a BP "pro" for $290 a year. 

@Gino Barbaro glad we're on the same page! 👌 yeah people should definitely work on themselves and mindset first and foremost...because if your mind is not in the right state, it's highly possible that nothing else is going to go right. 

also, if you ever decide to do a mentorship like the one I described above, let me know! I want to be first on the list and figure out how to make it happen! 👍 

@Gino Barbaro  tough to say... everyone has their own wants/needs from a mentor- coach relationship. What you should also keep in mind is that people seeking a coach or mentor may have been let down, disappointed, or burned in the past by someone saying they could/would help them. So regardless of you knowing you are in it for the right reasons the person who's been burned in the past might be skeptical as to what your intentions are. There's just so many "guru/coach" types out there over promising and under delivering. Yeah and there could be slackers that seek coaching but they are not doing the work that it takes to succeed. So my advice to you is for you to take the time to evaluate where you are at in your life, how much time you have to dedicate to these people who are paying you.... and if you can truly deliver on what you say you will do and help with so it's beneficial for both parties. I think it is also important if the coaching and mentorship is one on one in person not just online, emails, phone calls... that you make sure the person is serious and willing to do whatever it takes so you don't waste your time with them when you could have been making a difference and greatly impacting someone elses life who will do whatever it takes! Make sure your mindset and their mindset matches up and you are like minded and a good fit. This will save a lot of frustration, disagreements, and push back between each other. Would be nice if this could all be decided old school with a simple handshake and agreement. Done!

Personally I'd love to have a mentor that will guide me through finding and closing my first apartment complex deal, teach me creative financing and what they know in general, and if they deliver on their end I will deliver on my end and take care of them by giving them a stake in the deal which will continue to give and pay back ongoing month after month, and when the property sells they will be generously compensated again. The key to all of this is actually finding and closing that first deal, because it will then give the mentee the confidence, know how, and means to do the next deal and the next...and isn't that the whole point??

to me that defines the ultimate win win situation. 

@Jay Hinrichs  wellllllllll I guess I found out my answer with the above censorship  ****TY!  LOL

 @Jay Hinrichs 

******! (is that word allowed on BP??)  LOL...not trying to go against policy...was just trying to sum it up in one word.  😊

@Chiquita Mcgill  No problem, don't allow this to stop you from pursuing your goals! Just be more cautious, know that not everyone will have your best interest in mind...and there's people (don't know if you can even call them people cause they are more like monsters) with ill intentions to only benefit themselves...no remorse or care. With that being said, take a deep breath, carry on, just learn as much as you can about the process, and put together a great team of professionals that will look out for you 

😊  👌

@Chiquita Mcgill like the saying goes "if it's sounds too good to be true it usually is" ...think about it... you don't have a track record in real estate investing, this person doesn't know you, never met you, and someone is willing to just hand you over $2.5 million?? and only at 3% interest? Give me a break, I'm new too but that makes no sense. No one in their right mind or with the right intentions would do a deal like that and hand out that kind of cash. Not trying to burst your bubble, but do yourself a favor and don't be so trusting or gullible. There's lots of evil scammers out there who take advantage of new investors who are overly excited and in a rush. Make sure you thoroughly look into and fully vet whoever you partner with... and make sure they are 100% legit...anyone can make a website and lie about what they have done or what they can do for you. 

@Gino Barbaro  great advice as always! 👌  

@Justin Cabral I highly recommend going to jakeandgino.com for Multifamily investing I've learned so much in such a short time...seriously... reading the blogs, listening to the podcasts, they also have a book and several Udemy.com courses that are to the point and detailed or coaching options...no B.S. garbage like a lot of those crappy scumbag "guru" courses that are out there...these guys are legit and really do want to help people. With that said there's obviously a wealth of information here on BP also try doing the BP "FREE COURSE" under the Education tab...you'll get a good overview on REI with that. Just starting out it really comes down to the time and effort you put into learning as much as you can...how serious you are, and will you do whatever it takes? There's a lot to learn... many strategies, lots of different components and people that come into play that you need to know about... I actually enjoy it! to me it's interesting and fun! 😊 take lots of notes so you can refer back and then organize the notes accordingly. I've been learning about multifamily/investing for a couple weeks now and I have roughly 50 pages of notes from podcasts, videos... and a bunch of blogs that I've bookmarked. Educate yourself, develop the vocabulary so you are able to speak to other real estate professionals intelligently...With anything the more you put into it the more you'll get out of it, build a solid foundation...then when you're ready take action! 👍