All Forum Posts by: Colby Miles

I'm 6 months into my year long Real Estate Management Certificate. It isn't a license more of a broad knowledge of everything Real estate, from fundamentals, to finance, to management.

Thank you Ned, This is the answer I was looking for. I do plan to make quite a few deals before doing this. Probably at LEAST 5 years down the road depending how quickly I can make some positive deals, But I thought it wouldn't hurt to ask how it works. Thanks again for your input. Just what I needed to hear :)

Thanks for the advice. I obviously wouldn't try to do this right off the bat. I want to build up a good reputation. But once I get to a certain point I am going to eventually need investors to help me with the big ticket Items. I want to have a large amount of passive income coming in for my retirement, so I can enjoy my time with my family and see the world.

maybe it isn't called a hedge fund. I thought it was the same thing. He uses investors to cover the mortgage down payment. One of these was on a $12M property so it would have been a large down payment. This is why he uses investor monies instead of his own money. He then pays back these investors with interest after 5-7 years and refinancing for a profit.

It is an example he has in his book the ABC's to Property Management. If you have read it you know what I'm talking about. Using other peoples money instead of your own.

So how do you do it?

I've heard of Ken McElroy using hedge funds for the downpayment on his apartment buildings, but in his book it doesn't specify a lot on how to get one started.

I would like to invest in apartment buildings that need renovating. renovate them and rent them out for passive income, but I know things will move much faster If I can get a hedge fund to put on the down payment.

How many successful projects do you think I would need under my belt before people would be interested in investing in my hedge funds for this type of income property?

try a concrete wall. you can get them in different styles and they are great for along roadways to block view and noise of road.

Hey All Great Advice Everyone. Thanks A Lot For Your Positive Participation. I Will Read The Book Suggested On How To Flip Houses. Maybe Ill See Some of You When I Get Out To NC :)

Thanks Bryan. I Am Moving To Garner NC which Is Right Near You. How Did You Go About Finding The Reai Group? Just Online Or What?

@Dave Carpenter exactly My Plan. I Am Not Looking For A miracle get rich Quick Scheme, but investing $25k and doubling It In One Year Is Pretty Much The Best Investment You Can Get. No Other Investment Other Than Real Estate Is Going To Give 100% annual interest In Return...

Mike LaCava, that is Same I Want To Do. I Am Good With Math And Numbers. I Enjoy Number Crunching And I Want To Invest In Large Apartment Buildings Like I Said Before. I Want To Do Things Correctly With The Most Knowledge As Possible Which Is Why I Am Here. Thanks For Your Input. You Sound Like The Right Person Fir Me To Talk To.