All Forum Posts by: Dan Zambrano

Cool thread, thanks for posting this!

My sentiments are a bit similar to other commentors, slow but assured progress is best especially in this interest rate environment. But guess what, rates WILL drop in the next few months/years and most markets will explode after that IMO.

If I had 25K I would look into B or B+ (specifically with schools above 5 greatschools rating, and moderate to low crime rate confirmed by heat map and frequenting businesses there) areas within 25 minutes driving distance from my home for a SFH.

I would go with either FHA or FHA 203K loan (3-5% down) have some money left over for cosmetic improvement (paint and little else haha) live in for a year and rent. If you do this correctly you should be able to build between 30-80K in equity and have at least $200/mo cashflow when rented to set aside for vacancies rehab, repeat every year until you get 10. This is a GRIND but that is the way forward in this environment IMO.

Why this works is simple: You slow ramp to give time to build alot of skills needed to scale at the end of the 10th year you SHOULD have at least $3M portfolio assuming 3% appreciation that is $90K you are adding to your net worth EVERY single year guaranteed! Then you restart this process with your spouse's credit lol.

This path is hard, but doable. You will have setbacks, and you will require some kind of team, but again the path is there.

I have a thread on here about my journey to $20M portfolio. That would mean in so so years networth would increase by $600K if my maths are correct lol. Staggering when you start to scale this.

So small update on here, I managed to carve some time to begin to set things up to spring board for a deal in the next 2-3 months. I will definitely miss my target of having something before end of Q1, but I am pleased with my progress, and momentum. 

I am meeting with an attorney in the next few days to discuss business structure, and other things, and after that my goal for March is to have a meeting (along with my business partner) with an awesome MLO that was recommended by the great @Jonathan Klemm .

Important thing I wanted to plug here is a free mastermind meetup I am planning for March around Naperville. This will hopefully be a monthly meeting of high vibe RE investor folks to learn from each other and have community, everyone is welcome. Drop a comment or DM if interested and I will be happy to share details.

Cheers, and lets be safe with these single digit days coming up!

thanks for the comment and kind words my friend :)

 Hey James,

Thanks for the comment! Wow it sounds like we are kinda "brothers from another" haha.

It is extremely rare to find Millennials that are into Wright much less Rand :). Also thanks for following the journey.

Yeah the investing out of state thing seems to be a simmering trend right now. There is probably much to gain from that. 

My personal take is investing is hard enough without having the added complexity of building a remote team of folks that can handle things for out of state deals. (Contractors, quarterly tenant checks, etc.) I am always open to any trend but right now I am compelled to restrain myself to the local market, my rule of thumb is 25-30 minutes drive from my home. Wildly enough, a property of mine had a furnace failure this past Friday that turned the last few days upside down. Luckily I have a local team that is incredible at responding and was able to replace the blower motor at a nominal cost. I couldn't imagine how hard this would have been to navigate if property were even 1 hour away.

Since there was good traction and interest in this thread I'd like to propose a meetup for Mid March.

Casual, no-pressure vibes—just a group of real estate investors sharing insights and helping each other grow. Grab a coffee, bring your questions, and let’s talk real estate.

If that sounds like your vibe, drop a comment or DM me to let me know you’re coming! (I sent out details to the folks that already commented)

Cheers!

 Awesome! great to hear about another investor around here that is on the path to growing portfolio, congrats on that! :)

 Hey Daniel!

Thanks for the response. Yeah nice to hear I am not the only one burning my eyes out on the monitor screen looking for even an "okay" deal haha. They still exist, but mainly they are SFH plays that are a grind, but small progress is better than no progress. A buddy of mine is investing in condos with favorable associations around Oak Lawn, rehabbing and renting them out within months of closing.

I totally also resonate with the family piece. Most people see RE investing as pie in the sky, but then you wake up one day and have a 7 figure portfolio that is cash flowing after 15 years and then its kind of self evident at that point, and family may STILL think you are cray for wanting to scale lol.

I am going to set something up on this thread and basically welcome anyone, just as a starting point to foster a cool RE investor community locally.

Cheers!

Well its been 2 months since an update. I have a few options in play right now for my goal of adding another property to my portfolio this year, it seems like the Chicago market is yelling at us to invest into single family homes in B+ areas. Just my observation anyway, I do want to design/ build something at some point but land prices are pretty rich right now. The formula that is sticking out as a potential to me is what I have been doing quietly the last 6 years: buying a cosmetic SFH fixer in B areas with 3% down, live in and renovate, long term rent and repeat. Anyone else seeing success with a different strategy around the Chi?

Hey all,

I noticed there hasn't been a callout asking for mastermind group for Western Suburbs of Chicago in a long time. Anyone interested in meeting up around Naperville area?

A bit about me:

I am a seasoned RE investor with a modest portfolio ( 2 Houses and 1 Condo) looking to scale this year and beyond. My day job is a Utility Engineer and my passion in life is Investing and Architecture/ residential design. Mainly looking to connect with investors that are active or looking to get active soon to share tips, help each other grow and harbor community.

Thanks for looking, hope to connect soon!

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.