All Forum Posts by: Charles Schmidt

Did anyone take notes on where Jeff said he was sourcing data for general market knowledge? I remember BestPlaces and the US Census but I know there was a few others

My post got removed for some reason.. DM me if you want the link to the Discord group, apparently I'm not allowed to post the link here

Congrats on the buy! What do you anticipate renting the rooms out for? Does it need any work to be rentable? 

Would also be interested, still not 100% sure what a mastermind consists of but I think I get the general idea and it seems like a cool way to bounce ideas off a tighter knit group. Could all of us in this thread, in theory, start one? I don't see why not. If anyone has more insight on what that would look like, let me know!

Wow, thank you Nathan for the pretentious and condescending hot take on this! You sound like the type of person who doesn't tip their pizza delivery driver. Everyone has to start somewhere, and if you do this successfully, the ROI absolutely crushes any type of CoC return you can get on actually buying a property, except for maybe a well-done BRRRR. I understand the drawbacks around not building any equity, but as a semi-passive business model being used as a stepping stone to "proper" investing, I think this 100% has some merit. Next time I need someone to shoot down an idea without providing any sort of helpful insight I'll be sure to reach out to you first.

Anyone had any success with this business model? Seems like an interesting way to get involved in real estate/rentals with very low upfront investment. Long term buy and hold rental property investing is still my main goal/interest in the long run, but I think this idea has some potential to build up some cash flow in the short term to help me save for down payments for future investments. 

For those who don't know, the basic idea is to rent a property with a long term lease (1 year or more), then manage it as a short term rental on Airbnb/VRBO/any similar platform. From my limited research, I've seen a solid amount of success stories where people are cash flowing upwards of $1,000 a month on a property using this strategy. The biggest challenge I've heard of is getting a landlord to agree to this, but it sounds like with the right pitch and maybe an offer for some profit sharing, most landlords can be convinced to make this happen. 

Hoping to get some opinions on whether this idea has any significant holes/risks I'm not aware of, and see if anyone has direct experience with this and could share some wisdom! 

Would love to get involved with this - Denver noob here, eager to get in the game and hoping to snag a house hack in the next year or two but still saving for a down payment at the moment. My girlfriend is tired of hearing me rant about real estate so it would be cool to connect with some people who are actually stoked about it! 

That's annoying they changed it with no warning - Brandon would always talk about all the FREE tools they have on here for newbies to start practicing analyzing properties. I can't really justify $40/month at this point so I guess I'll be making my own calculator in Excel

When did this happen? I can't even access all of my old property reports that I created with the calculator in the past couple months without upgrading to BP Pro. Is there something I'm missing or did they just completely take the free version away?

Hi All, I currently live in Denver but went to FSU for 5 years and I'm really interested in learning more about the Tally investing market for potential long-distance opportunities. Denver is insanely expensive at this point and I'm planning a house hack here, but Tallahassee seems like there is a lot of potential for cheaper, cash flowing rentals and maybe some BRRRR opportunities too. Please let me know when the next zoom call is!