All Forum Posts by: Gabe S.

I have an Indy area SFH question. I'm interested in getting feedback. What are the going cap rates for B and C SFHs? Put another way, what be the cap rate ranges that you would look for in B and C props?? Appreciate feedback!!!!!!!!

Looking for investor-friendly contractors in the Indianapolis area. If you are one or know of any feel free to PM me.

My parents held land, well a residential lot, for 10+ years and it was a terrible investment for them from the stand point that it was a tax burden (albeit small) with no cash flow.

In another case, a friend has acres of land around his house which is in a quasi-farm area. He figured out that local farmers would love to collect the hay in exchange for a fee. He makes a nice little cash flow from the deal. Won't make him rich but it's cash flow he would not otherwise have with that land.

Wondering if anyone had any insights on running apt / office mixed use comps.  Its in a residential area. Property is a single apt and an office (suitable for small law firm, cpa, etc). Trying to wholesale it but coming up with comps is above my proverbial pay grade.  There are only a few fairly recent transactions in the immediate area which are SFHs and even those have a wide spread.

Any realtors or appraisers have suggestions?

My understanding is that posting ads in the marketplus is available to Plus members as well. That box is checked on the membership level description table.

Donald.

I am not defending them or anyone. It's up to everyone to do their due diligence/etc to figure what is/is not a good source so to speak. I am not all that active on BP as you can see by the fact that this is like my 3rd ever post.

I thought my other post was pretty clear so not sure what else to say. You and everyone else are obviously free to choose who they like, dont like, want to, dont want to do business with or be associated with.

All I am saying is that what I like about them (everyone is entitled to agree/disagree) is that with the volume of members that the vendors have access to is substantial. If the vendor starts getting a bad rep, word spreads quickly.  I have heard of cares where LS has stepped in and booted vendors because of it. That's where my self policing comes from. Are all vendors in there great? Do they 100% of the time over deliver to their customers? Not likely. But given that it's sort of like an Angies List for members, at least there is a better chance of being treated appropriately by the vendor. That's it.

No different than some times someone has a bad experience instance at Disneyworld for some reason. Does that mean Disneyworld is a horrible company and no one should go there, ever? I say no. But everyone has the right to their opinion about that.

You seem to have a big problem with them for some reason. Curious why that is. Seriously, I am genuinely curious. 

Originally posted by @Sam B.:

@Kurt Carlton I'd be interested in hearing your story, how you got started, risks, lessons learned.

 Kurt is likely part of the LifeStyles Unlimited network. That's how he runs a good (performing) ship so to speak.  I dont know how else to describe it so the best I can come up to get the point across is that LSU has a lot of built-in self-policing among investors, vendors, lenders, etc.  Think of it as BiggerPockets-plus with serious policing powers to boot.  Perhaps a poor way to communicate it to those who arent aware of LSU but it's the best I way I can simply explain it.  

To give my 2cents on the original post, and probably what Kurt is subtly getting at, is that instead of becoming your own hard money lender with all the headaches/etc that come with it, you should probably find a reputable hard money lender and piggyback on them. If you want to stay passive, frankly, it's not a bad way to go.  Good luck.

I am a member of Lifestyles Unlimited. It is $500 to join (includes a 2-day seminar) and there is a $240/yr renewal (if you want to stay with it). I have 2 rental properties now but want to start expanding that in the next couple years. I give LU 2 thumbs up.  If you live in TX, I would say that if you want to be a RE investor, you should definitely join. There are several benefits.

1) The keep a tight leash on their vendors list in terms of "quality". So, if you're a newbie you have a high degree of confidence that anyone you use in that database will treat you fairly (ie: not a fly by night, rip you off, etc type outfit). The LU community in TX is ginormous. They gets tons (TONS) of referrals by being on that vendor list. Dont dont want to rock that gravy train. If you live outside of TX, I'd say that it's still worth joining (come on, it's only $20/mo) for at least the first several years you are getting up and running in RE investing.

2) You get access to a lot of really good training videos. Yes, you can find similar video content on youtube, etc BUT you have to figure out who's legit or not. If someone is presenting (trainer) in LU, they are well vetted.

The problem is... what if you dont live in TX? That is legit. Their "vendor list" is not as strong or well-vetted as they are for TX just because they dont have critical mass yet outside TX.

As for comparing BP with LU....  among other things, conceptually, you can think of LU as expert led learning experience whereas BP is sort of like crowd-sourced learning. I am not knocking BP. Both are good. It's just that they serve different needs. 

Hope this helps