All Forum Posts by: Gi'angelo Bautista

@Scott Choppin 

Thank you so much for posting on BP. I find your posts really interesting and insightful.

My questions are:

1) How much time is dedicated to finding deals each week or month? How many projects does your company aim to do each year?

2) These days there is a high amount of competition for real estate development jobs. What skills or qualities would stand out to you if you had to hire employees for your development team?

Last two deals were from real estate agents.

Would definitely be interested as well!

Bump

As a real estate agent, I didn't learn diddly squat regarding investing. I learned investing through reading books, biggerpockets.com, Fortune Builders, and REIA meetings.

I do hear advice from very experienced investors to work under or partner with experienced investors to learn the ropes instead of making every failure in the book.  They say, "Why make the mistakes that others before you have experienced already?" I think this significantly shortens the learning curve.

Gotcha, thanks so much for the detailed answer Sean! I will definitely follow your advice!

Hi, I find bank owned properties on property radar, which are not found on the MLS or anywhere else. How do I go about buying the property from the bank?

My mentors from Urban Land Institute told me to work for a real estate development company. They said do anything to get in even if it's the front desk assistant answering phones. Also, they recommended getting an MBA or MSRED to get educated.  Peter Linneman, RE professor at Wharton, says Financial analysis is critical for any serious real estate developer. 

Definitely call a tenant lawyer like Dan Bornstein or someone similar for guidance.

@Jeff Greenberg I will be taking 100% of their cash and using them as an equity partner.  We will be spitting 50/50. My partner and I will be responsible for acquisition, renovation, and disposition and we will be splitting the 50 between us.  The investors giving 100% of the cash will be receiving 50% of the profits.  They will be taking 100% of the risk.  

@Jo-Ann Lapin Thank you for the referral!!! This definitely helps a lot!

@Mushfiq S. I'll PM you.