All Forum Posts by: Eli Sorey

@Ryan Webster

Very interesting. Even in the tech world, resumes and educational background are a very poor measurement of ability to perform on the job. But that's about all you have to go on. I can see how it would be much, much worse in the trades. What sort of performance metrics do you look at during the probationary period? Is it based on feel, how much they get done, etc., or is there a specific checklist you're looking for?

That makes a lot of sense. "$90?!? But the parts are down at the store for $30!". How do you handle these sorts of reactions? Is it worth trying to help them understand, or do you tell em to take it or leave it?

Hello lenders! I'm a real estate investor and software guy who is looking to understand the most painful part of your day-to-day jobs. What are the things that you grit your teeth through? The necessary evils? The things you wish you could hire someone to make disappear, or never have to deal with again?

Hello contractors! I'm a real estate investor and software guy who is looking to understand the most painful part of your day-to-day jobs. What are the things that you grit your teeth through? The necessary evils? The things you wish you could hire someone to make disappear, or never have to deal with again?

Hello agents! I'm a real estate investor and software guy who is looking to understand the most painful part of your day-to-day jobs. What are the things that you grit your teeth through? The necessary evils? The things you wish you could hire someone to make disappear, or never have to deal with again?

Hey Michael, I'm looking for help with a remodel. Probably the full house.

I know this has come up before, but it's been awhile. I'm looking for your favorite GCs and contractors in the NWA Fayetteville area. I have a potential deal coming up and want to be on top of the ball. Thank you!!

Thanks everyone for chiming in! I really appreciate it. Cash flow seems to be the winner so far. As a follow-up question, how does everyone feel about getting into a deal that may not cashflow right away, but hopefully will in the future. An example - say John wants to buy a fixer SFR to live in for a year or two and then move out. During the time he's living there, he has to pay the mortgage and other expenses without any revenue coming in. But once he's moved out, he starts getting revenue from renters and cash flow comes back into play. What are your thoughts on this kind of strategy?

Thanks again!

Hey everyone, 

The title pretty much says it all. This came up in a recent BP podcast. Would you rather build equity in a strongly appreciating market so that you have the option to convert to cashflow later or build cashflow from the very beginning and scale it up over time? Or something else? 

Very curious to hear everyone's approach. 

I live in Socal where it's too expensive for me to buy at the moment. I have a good friend in the South and we're trying to flesh out a strategy where I bring the down payment on an FHA loan for a property there and he occupies the property during the mandatory live-in period. I imagine he would have to be the one qualifying for the loan, and my down payment would count as a gift to him, but I'm not very familiar with how this all works. Is it possible to do this and have the property end up under my name? Is there a totally different strategy to leverage low FHA loan down payments when investing remotely? Has anyone else done something like this? Any advice/reasons to not do this? Thanks!