All Forum Posts by: Account Closed

Hi everyone, I have worked very hard and I may create a large profit for myself from real estate investing through JVing large multi-family portfolios. I may suddenly make 6-7 figures in a short period of time. This is good news. I have great ideas for when the money materializes in my bank account. I definitely must tithe 10% of it and then think about paying off any bad debt my wife and I still have (its not much). I know I have to think about taxes too. I’d like to reinvest most of it into my own real estate business. I’d like to be hands off and make a great monthly income. Im really after not working (Im a teacher full time) and enjoying slow time w my wife and kid. I want to be smart with the money. I could hire a fiduciary financial planner. This post isn’t meant to brag by any means. I’m new to real estate and learning all I can and working my *** off. I just believe that working so hard for this money should have a happy ending. It helps to know what to do with profit once it’s made. Or I could blow it all on stuff.... Any “unofficial advice” out there. I realize many of you are not attorneys or tax experts - so no need to preface your comments with that - unless you think it helps.

@Todd Dexheimer what would ownership stock entail? Would I be entitled to receiving monthly/quarterly compensation or possible risk exposure? 

Wow. Thank you Todd for the suggestion. We’ll see what happens.

I agree with not worrying about getting rich on one deal. I’d rather hold onto long lasting relationships which usually result in more money flow for all parties. 

The whole deal is about 500mm if all ten properties purchased in this deal. 

I’m based in Florida but need contractors for rent ready estimates in the Wilkes-Barre, PA area. Any referrals out there from property managers or others? Thank youZ

I put together a conference call but no one knows eachother yet. Buyer actually wants me to send him my fee etc - so that seems like a good sign

I have a good problem. I negotiated a deal with A class multi-family units in Florida by connecting a buyer and seller and their brokers. This deal is now in the pre-due diligence phase with letter of intent being written by the buyer side. He wants me to send an email stating my “marketing fee”. How should I word this email? Does it have to be in a contract format? An investor sort of mentor of mine said to ask for 3-5%. There are about 8 A class multifamily properties for sale - all being sold for millions (60,000,000). I am excited as letters of intent are being prepared etc.. I deserve to be compensated but I’ve never completed a deal like this before. I don’t want to sound inexperienced or get taken advantage of. Please advise.

As I start out a new year, I am reassessing and writing down my goals both short and long-term for investing in real estate. I’m once again thinking about my “why” in investing. Of course - making money - but that’s the result not the “why”? What’s your “why”?

Im here