All Forum Posts by: Ian Tudor

@Account Closed Check out mobile home parks. Lower maintenance and turnover than apartments leading to considerable higher cash flow. Most of the parks I look are selling for 8-10 caps.  

If you doing it right, you can easily get 20% cash on cash returns. Or if she is an accredited investor, she could invest in a PPM, where she would stay passive and get mailbox money. 

Ian

 Congrats. I'm interested to hear why you keep buying SFHs instead of going up to commercial properties? Do you self-manage that?

@Gary Harris I'm confused then why don't you find eager JV partners. They bring you deals and you take the upside for the apprenticeship. That seems the most logical. You both make money and your incentives are aligned.

@Dave S. 

Find investors. Everyone is hungry for deals in today's market. Network with people well before you need the money. Don't rely on one person. Sell them on why they should invest with you.  Use other people's money to make you rich. Find partners that you can grow with. In other words, they should have a good amount of money to do multiple deals.

I am sourcing deals that I can't afford. Actually I'm putting in less than 10% on some of the deals I propose because I have relationships with people who trust me. I don't come from family money and friends aren't rich either. I'm only 26 and I have a $1.5M property under contract and will have less than 10% of capital invested. It's possible.  Check out my profile for more information.

Ian

@Jesus Garcia To be honest, it looks very generic. If someone was driving down the road would they remember? 

Try to stand out a little more. I personally haven't used this website but have heard good things. Freelancers will draft designs and you pay for the one you like or your money back. 

https://99designs.com/

Ian

Check out my profile

@Gary Harris This really depends on the investor you are going after. In my opinion, you probably want some scale. I assume lots of people tends to do some deals and then teach is because teaching is more lucrative than the work of doing side deals. I might be wrong on that, but I see it in other industries as well ie internet marketing, sales training, Amazon FBA. Facebook is full of these sponsored ads nowadays. Everyone has a system to make you millions. 

Also, this forum seems to really be against "gurus" or property managers, etc. Everyone wants something for nothing. Honestly, you could put out a lot of free content via social media to build a brand, and then use that leverage to sell them on your program. Look at Grant Cardone and Tai Lopez. They have figured it out.

At the end of the day, the market will decide what you are worth. However, I wouldn't give away your time away for free especially with 1 & 2, unless you have a bigger program to sell. You are worth something. It will possibly to have a big price tag but have a 90 day money back guarantee. This allows you get paid for your time while allowing the customer an out if they don't feel you add anything to their business. Or you could have a monthly subscription that can be terminated at any time. 

The one downside I see with your system is how much you can scale, especially with number 2. Could you take on 100 students and give them a great quality program? That is for you to decide. 

@Karla Talancon Check out mobile home parks. They are high cash flow properties that will usually beat apartments and single family homes. 

@Mark Ferguson This isn't unique to Colorado. A lot of place are seeing rise in prices. In Orlando, there are a lot of multi-family projects going up and people are saying there are too many. However, I've spoken with developers and the numbers are saying otherwise. Downtown multi-family is 95% occupied and rental rates are continuing to move. This leads to developers adding more projects because the numbers are supporting their investment thesis. It all comes down to the math and investment pro forma. Do the numbers make sense? At some point, it will reverse and some developers will get crushed. It happens in every cycle. Same goes for flippers.

If the market sentiment is that things aren't going to slow down anytime soon. I would start to be more conservative in my pricing ie. Can you hold the property for double the time instead of the initial period? Do some stress testing to see if your investment is strong enough to hold if things went south. I'm not saying they are but I start to question. As Warren Buffett once said, "be fearful when others are greedy and greedy when others are fearful."

I've connected with a few owners who are open to idea of selling their mobile home park in the near future. 

I'm interested to hear what you all are looking for when meeting them in person. I got the obvious structure down.

Any thoughts and tips would be helpful.

Ian

@Gabriel H. congrats on the step to action. 

how did you find the deal?