All Forum Posts by: Jared Saunders

You're welcome! I hope this inspires everyone to take action! 

I would like to write a discussion based around how I actually went about starting the business and going forward with the deal. 

Let me know if any of you think it would be helpful for a ore detailed version in an educational format! 

Thanks everyone!

I'm already feeding off of the amazing support i'm getting from this post! It's pretty rare these days to be surrounded by people who actually want to see other people succeed!

I'll keep the updates coming pretty consistently

Thanks everyone!

I'm already feeding off of the amazing support i'm getting from this post! It's pretty rare these days to be surrounded by people who actually want to see other people succeed! 

I'll keep the updates coming pretty consistently! 

Thanks! 

Yeah that would be awesome! I'll send a colleague request. 

Thank you! 

Wouldn't of happened if I never read rich dad poor dad and then discovered BP. 

I think it's acceptable to have an offer for almost any property! You can just keep running the numbers until you get a purchase price that gives you a good return. 

I personally believe that in markets that have a 1% or less SFR price to value, it's better to go multi family. Most low/medium priced multi families have amazing cash on cash ROI. Could possibly be much more than your goal of 11%

30% is possible with the right multi family Property. 

I hope this helps some and everything works out for both of you! 

@Brandon Turner thanks for the reply! 

I sure did , although I assumed Marion was to podunk so I input indiana. Lol 

Hello everyone! Let me start out by stating how glad I am to have finally pulled the trigger on a BP Pro membership!

The information on here and investor tools can really accelerate your business to the nest level. Honestly, I have to credit most of everything I know about real estate to BP! Outside of a handful of books that I've read , and learning a few tips from investors I know personally.

I just launched this venture in September of 2015! After about 6 months of non-stop research previous to that , creating an LLC , and writing a business plan I purchased a 3- unit building using investor cash! I then purchased another 3-Unit building March 1 2016 Turnkey.

P.S. I did all of this being 200 mi away from where I was investing!

I hope to be able to engage and contribute as much as possible , on both successes and failures that I experience! I am currently going through the purchase process on an 11 unit package deal that involves two 5-unit buildings and a single family home. A lead that came from word of mouth by telling everyone my goal! (learned on BP)

Having gone through a fair share of luckily small failures on the first deal, that provided me a wonderful learning experience. I was able to seamlessly transition the 2nd deal into immediately cash flowing $250 per unit! With a 125% ROI in the first year! 

Hello everyone! Let me start out by stating how glad I am to have finally pulled the trigger on a BP Pro membership! 

The information on here and investor tools can really accelerate your business to the nest level. Honestly, I have to credit most of everything I know about real estate to BP! Outside of a handful of books that I've read , and learning a few tips from investors I know personally. 

I just launched this venture in September of 2015! After about 6 months of non-stop research previous to that , creating an LLC , and writing a business plan I purchased a 3- unit building using investor cash! I then purchased another 3-Unit building March 1 2016 Turnkey.

P.S. I did all of this being 200 mi away from where I was investing! 

I hope to be able to engage and contribute as much as possible , on both successes and failures that I experience! I am currently going through the purchase process on an 11 unit package deal that involves two 5-unit buildings and a single family home. A lead that came from word of mouth by telling everyone my goal! (learned on BP) 

Having gone through a fair share of luckily small failures on the first deal, that provided me a wonderful learning experience. I was able to seamlessly transition the 2nd deal into immediately cash flowing $250 per unit! With a 125% ROI in the first year!

Michael, 

I analyzed the property with the assumption that it needs to be tore down just to error on the side of caution. 

I am going to send a letter of intent today so that I can have my contractor take a much closer look. Although I am hesitant to continue based on the utility discrepancy. 

What do you think about the cost and process involved in creating separate meters? Would it be worth it? I'm not sure if it was insured or not, being that its been sitting for almost a year. I'm going to assume if it was insured it's not going to make a difference. 

Thanks!