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All Forum Posts by: Isaac Phillips

Isaac Phillips has started 4 posts and replied 24 times.

Post: Monthly REIA Meeting

Isaac PhillipsPosted
  • Investor
  • Midland, MI
  • Posts 29
  • Votes 8

I started a local meetup with other investors from the area back in 2020, and we meet monthly on the last Thursday of the month at 5:30 PM at Pizza Sam's in Midland. The meeting is held in the event room in the back of the restaurant. We have several investor friendly realtors in the group, as well as flippers, a hard money lender, and much more. We provide pizza as well, and the participants' cover charge covers that as well as the cost of the room. Payment instructions will be posted in the event details on the group's FB page.

We will periodically have a special speaker covering - who is usually a subject matter expert in the real estate related field they are presenting on.

You can join our group page on FB using the QR code below.

Reach out if I can help you in any way.

Post: New to realestate investing

Isaac PhillipsPosted
  • Investor
  • Midland, MI
  • Posts 29
  • Votes 8

Welcome to BP and REI,

There is a pretty active group of investors here locally. I'll post some info in the events forum for a local meetup. My post was just removed when I posted it in this thread.

Reach out if I can help you in any way. We all started where you're at now, and are happy to help others.

Post: Single Family Home Long-Term Rental in Bridgeport, Michigan

Isaac PhillipsPosted
  • Investor
  • Midland, MI
  • Posts 29
  • Votes 8

Just sharing a listing from another investor acquaintance. See the details in this Executive Summary and contact Andrew directly for any questions. 

Post: Michigan Investor - Looking for Connections!

Isaac PhillipsPosted
  • Investor
  • Midland, MI
  • Posts 29
  • Votes 8

Hi Michael,

Welcome to the BP community! We started a local REIA/Mastermind in Midland about a year ago, and meet on the last Thursday of each month.

We are meeting on the 27th at 5:30 PM. Use the link here to join the FB Event and see the details. 

FB Group

Looking forward to connecting soon. DM me if you'd like to exchange contact info, and feel free to reach out if I can help in any way.

Isaac

Post: Multifam investing groups!

Isaac PhillipsPosted
  • Investor
  • Midland, MI
  • Posts 29
  • Votes 8

Hi Lawrence, 

I remember reading about Jake & Gino here on BP last year around this time, wondering that same thing, and trying to make the best decision for my future and goals. It is a tough decision, and I applaud you for sticking your hand up and asking for other's input and experience. I'll save you the read and tell you the TLDR here - I joined Jake & Gino and haven't regretted one cent of it. If you want the short novel, continue on below. 

I've gotten my value and then some, and I'm not the smartest or the fastest student. I'd put myself in the average category in many ways, and have limited bandwidth to devote to it. I even did a time study, and talked to other members to ensure that the amount of time I had available would be enough to get my money's worth out of the program.

First, before you invest in any education, real estate or otherwise, you need to know yourself and your goals, otherwise it'll be very hard choosing the right path to get there. Once you have those narrowed down, get a good realistic understanding of what it will take to be successful in that path. There are many programs out there. None of them will do the reps for you, as Brandon Turner says, you have to do your own push-ups, and lots of them. 

Yes, you can learn most all of it on your own, but you'll only get so far, so fast, and your learnings will come at a great expense as well. How easy is it to make a $20,000 mistake on an asset that costs just a few hundred thousand, much less on one that is in the millions? What about all of the time it takes to learn these things, clean up from the mistakes, and get back on track? Nevermind the amount of time it can take to get to that point alone. How about the opportunity cost of all those wasted resources, the years spent learning what you could've learned in months, the money wasted on the mistakes made, and the frustrations and unnecessary roadblocks added on the road to your dreams and goals? When you start really thinking about it, the price isn't an issue. You're going to pay for your education, one way or the other. Pay now for a quality program, or pay later over and over again to learn a fraction of what you would have learned over a fraction of the time. 

When you go to college, you pay to go to learn from a professor that claims to be able to help you make all the money you've ever dreamed of, earning with the top in your chosen profession. Have you ever wondered, if the professor is so good and can help me start at $120k, why is he standing here teaching me for $80k? 

Well, in Jake & Gino, they take the opposite approach, you're not learning from someone who can't do it themselves, so they're teaching you. You are learning from active investors with a lot of proven experience, and systems designed from it. They're accessible, have the heart of a teacher, and willing to do as much as possible to teach you how to be successful in MFH. They're not one-hit-wonders, or your typical gurus. They're humble, yet confident, accomplished and yet accessible to you as the student, and they have a proven system that has taken hundreds of students that started where you are, and helped them learn how to succeed in this industry. Those students have closed nearly 20 THOUSAND units since then. 

I'd encourage you to spend some time reflecting on you and your goals. If MFH is the way you want to go, then do some research on the leaders in the industry, and talk to their teams. Compare your findings and choose the one that aligns with your goals and values. Be sure you use critical thought on everything you are told by anyone. Only you know the nuances of your situation, and your goals and dreams. 

Do your research and then make the decision. Then buckle up, and get ready to work! Nothing worth doing is easy.

      Post: Any Saginaw, Midland, Bay City Investors out there?

      Isaac PhillipsPosted
      • Investor
      • Midland, MI
      • Posts 29
      • Votes 8

      Hi Tyler,

      Welcome to Midland! 

      Sure, we would love to have you join. DM me with your contact info, and any other background you'd like us to know. I'll add you to the email list so you can attend the next meeting. We meet on the last Thursday of the month, usually at 5 PM.


      Looking forward to meeting you.

      Post: PM in MI - Saginaw, Bay City, Midland

      Isaac PhillipsPosted
      • Investor
      • Midland, MI
      • Posts 29
      • Votes 8

      @Brad Hammond

      I do not believe that those PM's work outside of the Tri-Cities area. You may want to start with local realtors in that area and get referrals from them. Some of them manage STR's or rentals, and local regulations may require the use of a realtor for STR's.

      Hope that helps! Keep us posted on your findings please.

      Post: CPA Recommendations in the Bay County Area (Michigan)

      Isaac PhillipsPosted
      • Investor
      • Midland, MI
      • Posts 29
      • Votes 8

      Hi Janell,

      I am using John Haag, at Yeo & Yeo. This is my first year with him, so I can't say anything from personal experience yet. I chose him as he came highly recommended by others due to his experience with real estate and business, and the firm is one of the best in the area.

      Post: Actively investing in Jackson, MI?

      Isaac PhillipsPosted
      • Investor
      • Midland, MI
      • Posts 29
      • Votes 8

      @Susie Wendel From what I have found so far, it seems that the city of Jackson itself, though priced attractively for investment, is not really investor friendly due to city regulations and such. Most people have recommended investing in surrounding townships instead. That has been consistent with those I have spoken to who are active in that area.

      I hope that helps some.

      Post: Merry Christmas + Happy New Year! GOALS FOR 2021

      Isaac PhillipsPosted
      • Investor
      • Midland, MI
      • Posts 29
      • Votes 8

      Merry Christmas to you as well, Bud!

      I would like to acquire 12 more units in 2021, or a 10-20 unit MF property. To do so, I have to find a better way toll fill my funnel with off market deals.

      Good luck on getting your 20 units! What is the main barrier to your goal?