All Forum Posts by: Gregory Schwartz

I love this!! This is a great case of how anyone can house hack. Most people assume that house hacking means living in a 2 bedroom 1 bath duplex. They couldn't be more wrong! Congrats!

Out of curiosity, how much do you expect to make on the STR?

95% of the time we get the seller to pay for the warranty. I agree with most on here that the warranty process is less than ideal, however there are off chances that it saves you thousands. So if you can get it paid for then why not 

I always tell new investors—if you want to cash flow more, you have to work more. It’s like getting a second job. We self-manage, so in reality, most of my "cash flow" is just management expenses I pay myself.

@Marcus Auerbach as you pointed out, managing an STR is a great real estate-related job that generates cash flow.

The investment is the house. What you do with it—whether it's STR, flipping, wholesaling, or refinancing as part of a BRRRR—determines the cash flow. But in every case, new investors need to understand that this takes work. For a lot of people, they'd be better off putting in overtime at their primary job or getting a raise through continuing education rather than trying to run an STR business, or flip 3+ houses a year.

There are very few markets that cashflow with 100% leverage. I imagine that the list is short and full of risk. Use the HELOC on cash-generating opportunities like flips, then use the cash generated to buy long-term buy and hold investments.

All great advice! It’s always insightful to hear how others approach raising money and evaluate those who do. I’m also glad BP isn’t overrun with people pushing courses that promise to take someone from newbie to syndication expert overnight.

"All you need to raise money is a successful model! Sign up for my course and use my proven system to become a top syndicator."

Glad to see more real, experience-based discussions happening here!

 This reminds me of how Alex Hormozie describes "the value equation"; 

Experience in this case is the factor that determines the likelihood of achievement. 

Thanks so much. That feels like a great resume and a good path someone could follow who wants to get into syndication 

What is the audience and goal of the marketing plan? Attract investors, tenants or sellers?

Thanks, that’s helpful. In your opinion, would someone be considered an expert after completing 2-3 'smaller' multifamily deals, or is it more like 5-10 deals? I understand it can be harder to gain experience with larger multifamily properties compared to single-family homes or duplexes, where someone might complete 5 deals in 1-2 years. With multifamily, it might take 5-10 years to reach that same number of deals. What’s your perspective?