All Forum Posts by: Jim Biggs

WHO IS Damion Lupo?
American Sensei. Yokido Founder. 5th Degree Black Belt.
Financial Mentor and host of Financial Underdogs Podcast.
Creator of Black Belt Wealth. Rewriting the rules and plan for retirement. Post your QUESTIONS in the comments.

We are virtual! Join The GOB Network of Apartment Investors for our monthly meetup https://lnkd.in/guSHeum Have you wondered how to take control of your 401K? Should you join a company 401, What are the pitfalls, when it makes sense. Can I take control of my company 401? What other tax advantage strategies to lower my taxes? Join us Nov 29, 2020 11am CST get all questions answered by Damion of eQRP fame. Bringing you nothing but 'high' level knowledge and networking to jump start your investing journey.WE ARE GOING VIRTUAL! Also, through our meetup page https://bit.ly/GOB_meetup Join us as we peek behind the curtain apartment syndications. Meet local syndicators and pick their brain. Introductions to industry insiders in the UW space. Students from Rod Khleif, Dave Lindahl, RE Mentor, Brad Sumrok and Old Capital. So much value! PS we are looking for guest speakers, so reach out if you are interested in building your multifamily cred. #apartmentinvesting #passiveincome #networking #gobiggsorgohome #multifamilyinvesting

@Mitch Pomeroy very happy that you posted this article. Too many people are constently bad mouthing Section 8 and other subsidized rental programs. Unfortunatly the vast majority have zero actual experience with section 8 or at the least very limited exposure. "IF" managed correctly it can be a wonderful program and a hedge against catastrophies such as Covid or other economic downturns. Not to mention most section tenants are long term. So, lower turnover cost and less vacancy, the number one killer of NOI. In my opinion, MOST of the problems with section 8 are bad management decisions.

WHO IS DAMION?

American Sensei. Yokido Founder. 5th Degree Black Belt.

Financial Mentor and host of Financial Underdogs Podcast.

Creator of .

Best selling author in personal finance. Rewriting the rules and plan for retirement.

We are virtual! Join The GOB Network of Apartment Investors for our monthly meetup https://us02web.zoom.us/j/82860086817 Have you wondered how to take control of your 401K? Should you join a company 401k, What are the pitfalls, when it makes sense. Can I take control of my company 401k? What other tax advantage strategies are there to lower my taxes? Join us Nov 29, 2020 at 11am CST and get all questions answered by none other than Mr Damion Lupo of eQRP fame. GOB Network of Apartment Investors bringing you nothing but 'high' level knowledge and networking to jump start your investing journey.WE ARE GOING VIRTUAL! Join with link above or below. Also, through our meetup page https://bit.ly/GOB_meetup Join us as we peek behind the curtain apartment syndications. Meet local syndicators and pick their brain. Introductions to industry insiders in the UW space. Students from Rod Khleif, Dave Lindahl, RE Mentor, Brad Sumrok and Old Capital in the house. So much value! PS we are looking for guest speakers, so reach out if you are interested in building your multifamily cred. https://bit.ly/GOB_meetuphttps://us02web.zoom.us/j/82860086817

@Dan S. did you resolve?

We are going virtual! https://us02web.zoom.us/j/82860086817

AS PROMISED "REVEAL" Octobers Virtual Meetup Guest

DAVID PERE Join us for a lively conversation and let David help you GOYA and invest.

David is a motivational speaker as well as a regular podcast guest and has appeared in many national journals. You will not want to miss the opportunity to ask him yourself about CRE and what it takes to get that first deal done or any other topic burning a hole in your brain. David joined the Marine Corps in August of 2008. Since that time he has lived in Japan, California, Missouri, and Hawaii. Through the Marine Corps, he has traveled to many other places, including Thailand, Kyrgyzstan, Afghanistan, Germany, and several other states throughout the continental United States.

His awards include the Navy and Marine Corps Commendation Medal, two Navy and Marine Corps Achievement Medals, and a Combat Action Ribbon. David specializes in motor transportation and logistics but has also excelled in such billets as Ground Safety Manager, Command Financial Specialist, and Staff Non-Commissioned Officer in Charge (SNCOIC) of Recruiting SubStation Springfield, MO where he was selected as the SNCOIC of the Year in 2016!

David got started in real estate investing in 2015 after reading "Rich Dad Poor Dad" by Robert Kiyosaki. He house-hacked a duplex with the FHA loan and lived in it for a little while until getting married to his beautiful wife, Kimberly, and receiving orders to Hawaii. David and Kimberly have two children, Cody (10) and Jackson (2).

While stationed in Hawaii, David bought a 10-unit apartment in Missouri and was able to use bank-financing, seller-financing, and a home equity line of credit to purchase this property with less than 6% down (and great terms)!

Through these experiences, From Military to Millionaire was born, with the goal of teaching service members and veterans how to build wealth through real estate investing, entrepreneurship, and personal finance! As a result, he has helped many of his readers increase their savings gap, purchase real estate, and increase their chances of achieving financial freedom!

WE ARE GOING VIRTUAL! Join with link above or through our meetup page https://bit.ly/GOB-meetup Join us as we peek behind the curtain apartment syndications. Meet local syndicators and pick their brain. Introductions to industry insiders in the UW space. Students from Rod Khleif, Dave Lindahl, RE Mentor, Brad Sumrok and Old Capital in the house. So much value! PS we are looking for guest speakers, so reach out if you are interested in building your multifamily cred.

https://us02web.zoom.us/j/82860086817

Do you think you need to start small and work your way up to apartments? YOU DO NOT! If you have an interest in B/C Class Large Multifamily properties and want to network with like minded people; welcome to The GOB Network. If you have ever wanted to be a part of, or denied entry into, "The Good Old Boys Club" We are here to pull back the curtain and show/share with you how to barge through that door. We will show you the fastest way to to grow big and grow fast with only a few hours a month? Don't waste time flipping or becoming a property manager if you already have a full time job!

I don't know the size property you have but typically the Agency lenders have required anywhere from 200 to 400 per unit in reserves, not to be confused with the current requirements of reserves set aside for liquidity purposed to cover PITI(lender specific due to covid). The amount varies by property type, class, age, etc. If you want a relative cheap peace of mind and more accurate than a WAG; have a Reserve Study conducted where you take the estimated replacement cost and divide it by the number of years the item is estimated to last. That number is the amount you should reserve each year.

I know this is a little old but in case some you else finds this post...Ramey King is a nationwide broker that specializes in apartment buildings. Happy to give referral. DM me or better text me at 715-301-0105

@Chris Seveney did you post a link or "Title" to your vid? By the way, has always been a partner issue not the business. Not always a bad actor (I have had those also) but usually not living up to set standards previously agreed upon.

Way to go BIG  @Devin Sumner ! If that doesn't garner a ton of response....well... What asset class are you wanting to concentrate on?

@David Frasz Sounds like a great opportunity to play matchmaker on these smaller deals. Great way to source more deals and like Oz behind the curtain, you can match deals to partners and create a win/win/win. Not to mention, grow your business. Might be a great niche.