All Forum Posts by: Dani Beit-Or

@Jackie Forte 3 months have passed since you posted - what did you decide to do about the structure?

Did you since buy any rental or flip?

I very much agree w/ @John Warren and his answer.

I can add more but wanted to know of this is till a relevant topic on your end. 

I asked myself the following question but still don't have a clear answer - wonder what your answer will be.

**If you could take someone from the real estate (investing) world out for lunch - who would you pick?**

BTW, I had met Robert Kiyosaki (and Kim) in an intimate reception some years back and saw Tony Robbins speak at least once - so they were not on my list.

Hi, 
We apologies but our site had been under attack these past 24 hour. 
Team is already working on it. 
For now if you can email [email protected] that will be great - our team will register you. 

Thank you for the understanding.

Simply Do It 

This is your chance to invest in real estate!

Tuesday, September 26, Irvine CA

Reg: http://simplydoit.net/LSOC17

Only few can actually help and empower experienced and beginners to take the steps towards learning and actually owning investment properties out of state.

This class will teach you about the main aspects of investing out of state, and will cover:

• Real estate investing fundamentals
• Selecting the right market
• Analyzing the property
• Understand your 'why' to investing in real estate
• Getting started
• Investing alone or using a large network
• Benefits of a large real estate network
• Q & A

About Simply Do It's Guided Real Estate Investing

Guided real estate investing is a hands-on approach to real estate investing created for beginners. Rather than only providing courses, we guide you through the entire process from pre-purchase to post-purchase. Once we help establish your goals and create a custom strategy, we help you select your investment property, guiding and teaching you every step of the way. We believe that beginner real estate investing shouldn’t be taught in theory but in practice. With experts by your side, risk is mitigated and training is much more effective.

Agenda

6:00 pm - Registration
6:15 pm - POWER Session
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A 45 minute session with Dani Beit-Or, open for investors who want an opportunity to ask questions and discuss real estate matters with Dani and other investors.

You are invited to bring your questions. Such as:

• Should I use an entity?
• Should I flip or rent?
• How do I work with private lenders?
• Etc. (... any other questions! Take advantage of this special opportunity.)

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• Pre-registered (by 9/20/17) - FREE
• Door fee main class: $15
• Door fee POWER session + main class: $25

Tuesday, September 26, Irvine CA

Reg: http://simplydoit.net/LSOC17

I dont know the ins of those two networks but only heard good things about both - hear say, not first hand experience. 

Full disclosure I ran a similar network (not a turnkey property) 

But here's my take as an investor on turnkey properties in general. 

Typically you pay a premium to have a property occupied and renovated. 

Some may see this premium as justified for what they are getting. 

Others may not see the benefit. 

Would you buy a 100k property that needs some work and it is currently vacant, and let's say it will cost you 7500 to make it ready and absorbing some vacancy until it gets rented vs paying say 125k as a turnkey property. 

There's not a right or wrong only what's right for you. 

Looking for the same thing

It sounds good and fair BUt only you guys can really say so. 

If you guys agree on the terms it doesn't matter what I or the forum says - you need to do what works for you guys. 

I have been investing out of state (OOS)for about 15 years and have been doing it on a large scale and in many area. 
My take is that I owe it to myself to check the best options to invest my funds.

If investing OOS is slightly better than what I can get locally than maybe not worth the trouble but if the returns are much better worth looking into it. 

Due to our scale we negotiate w/ PMs to get better fees and service.

I think it is better to focus on the bigger picture and not the PM's fee. If your rent is 1200/mo and the fee is 10% or 120/mo vs 8% or 96/mo - a 24/mo saving is small number compare to other aspects of the deal such as cashflow, ROI, cost, etc.

This is an excellent question, a rich man's dilemma. 

First it all comes down to what is it you would like to accomplish next in your investing journey.

I'm a junkie of buying homes. The more the better.

I love the mortgeages we can get in this country. Cheap rate and un indexed - an amazing gift to the borrower. 

Unless your are an older person who needs cash in your life I'd buy more rentals and let the rent pay them off.

I have worked w/ over 45 PMs over the years in multiple metros. 

Some are good, few are excellent, none were bad/poor.

We do take significant time into vetting them and making sure we line up the right people.

Few lessons learned (we have too many):

1. Don't get the cheap guy it sounds attractive but he's the one who's not making money and possibly cutting corners. 
2. You mindset should be supervised and micro manage your PM. I like to call it "autopilot" you are watching but not going to sleep. 

Good luck