All Forum Posts by: Dan Zambrano

Huge update!!!!

after alot of procrastinating (like since I started this thread) I was pushed to write a business plan for my dreams in RE and Architdcture. Huge shout to Tony Glenn Marine Real Estate investor for pushing me to do this on his youtube channel. 

so my $20M goal will be reach by 2032!!! Sounds like a long time but it really isn't. This is being very conservative with all the numbers, if anyone is interested in specifics I can provide in a pm.

Super excited, as now I have a target AND a plan for my goal.

lets ****ing go.

Hope everyone is having a great holiday season. I am very committed to investing in a multi family building this coming year.

I also feel the need for a mastermind group and will be doing a google search for one around me for multi long/ mid and short term investing.

Cheers, just wanted to put an update on here!

Not much in the way of updates, except for meeting with lender in December to go through some scenarios for the multi unit ground up build.

Very excited about this.

I am also still on the fence on the design aesthetic. Ideally I want a combination of the Burnham block duplex style but cleaner, and more usonian looking. Sorry for the imvestors out there that had eyes glaze over after reading that, I will post some photos on my next post.

Stay well!!

I have been less active on the investor homefront dealing with an unexpected curveball I got thrown in life.

Still have big goals for Q1 2025: 

-Get Pre Qual'd for VA construction loan(may be until later in the quarter as I also have to refi out of my current VA loan to regain full entitlement.

-Find a lot and all else that comes with a new build and start building late Q2, early Q3. 

I understand this is a snails pace, however I am still a W2 enployee so all this will be a 2nd job for me. Also, I have learned in all things that are expensive that a good rule of thumb is go SLOW. I always need to remind myself about that, because I also (like many millenials) have a problem remembering what my bigger picture goals are, so I tend to want to sprint so that I don't forget and hence lose myself in the flywheel that is day-to-day living. As hilarious as that sounds it is the case, and that is where this board helps so thanks all on here and BP!

Until next time: same bat time, same bat channel🤘✌️

A few things happened since I last posted, most of which I would rather not say but suffice to say I am plaving the airbnb learning on the back burner for now in favor of focusing on aqcuiring land and building a multi unit from scratch. It will be a 3 or 4 unit and planning on doing STR on one as an experiment. I will still post on here weekly but currently these are the things I am working on:

-Vetting my options for financing

-Vetting other parties and areas for best success on this dream project of mine.

I have a few ideas on the concept and will eventually reveal it here 🙂

Cheers folks keep chasing your dreams!

P.S. : ever since meeting with Jonathan from quality builders I have been buzzing with excitement, so a special shout out to him, not that he needed my endorsement but I really appreciate his help and hope to collab with him soon on something🙂

Quick update: I am 3/4 through the landhacker course and I can resoundingly say it has been worth probably 5x the value I paid for it ($2500). So many golden niggets that Kai opens up about and reappy lays down a blueprint for starting a successful STR. My goal for this is to finish the course within the next 2 months and come up with a plan and proof of concept STR somewhere within 15 minutes from my home. I feel myself seeing the c9mpounding results of drilling down on the course and real estate investing the last few months. I will try to post some entertaining updates on here and less nitty gritty like this or maybe mix them both up.

love yall!

P.s. its going to be Q4 2024 in a few days!!!! Do you feel like you are stepping up and doing what you need to do to obtain the life and results you desire? 

Cheers yall

Hi all, thanks for the recent likes. I have been trucking along with Kai Andrews course, through 3 modules already. I am starting to have some doubts about the feasibility of Short term rental in the Chicagoland suburbs. Anyone know of a successful BNB'er in Chicago or near suburbs?

Still, I am making it a commitment to finish the course 1 video lesson per day. Recently i met up with Jonathan K. and it made my whole month. Incredibly sweet guy, and was very interested in my story, and shared his which is super inspirational! What also inspired me  was meeting an entrepreneurs that is making things happen and building wealth near me! So huge. Anyway that's it for now, back to the grind, cheers folks!

Quote from @Richard Rao:

Dan, do you own any real estate as of now? what does your current financial situation look like? I see that you have a goal to own 20 million in real estate but what do you want to do with it? Live off cashflow? Sell and cash in on the equity? 

Hey Richard,

Welcome to the party!

Here is a recap:

1. Currently at 1.1M in assets
2. Too much bad debt 😅 kind of a joke
3. As cliche as it may sound my goal is the process. I care deeply about good Architecture and being a developer is the best fit for me to introduce a better built environment. I will figure out what to do with it when I get to $20M, but it will probably just be finding new ways to improve built environment along with travelling more and spending more quality time with fam.

I am through module 1 of Kai's course and it is definitely like drinking water out of a fire hydrant. Too much to recap, but it is very skewed to the "fundamentals of having a successful overall business". Meaning how to attract the type of people you want to your STR listings and how the heck you are supposed to know if there is a market for your type of "customer" in the area you are investing. I honestly needed this awakening. Chugging along. Currently playing with the idea of buying acreage in the west burbs of Chicago and design/ building a duplex and then another and another. We'll see where it goes either way I am determined to design build something to make into a successful STR business.

oh yeah and currently taking a major L on QQQ shorts that I was probably too early into. I have 6 month calls on TLT and redfin which should do well in the apparant recession that we are running headfirst into this fall/winter.

I am out of long term stock market and my opinion is it is dangerous to be in right now unless you are going to stay in for years. 

Cheers folks!

Quote from @John Clark:

When I read successive “rah rah” posts, I smell skunk cabbage, but that’s just me.

Perhaps, but also maybe folks are looking to spread positivity as a networking strategy, which resonates with how I aspire to be: Giving value in as many interactions as I can, because that truly is abundance. Yeah just my 2 pennies but thanks for the feedback.