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All Forum Posts by: Jason Howell

Jason Howell has started 26 posts and replied 105 times.

I see and hear a lot about the benefits for the person who is actively syndicating a deal. What about those who participate in that syndication, aside from the fact that their involvement is much more passive in nature. Does simply participating in a syndication afford that person the cadre of tax incentives/appreciation/etc?

I have three properties that I purchased through PARC and that are currently managed by PARC. The first two properties closed right before the end of 2017. The last property closed four months ago. So relatively new, but so far I'm super happy with them. Brian is incredibly helpful and willing to address any questions I've had... I've also become very interested in learning about the process of rehab to potentially take some of this on myself and he's even helped advise me in different facets of my education. He's a great guy. One thing I can say about PARC is that, because they are turnkey AND property management, they have stringent requirements that need to be met in order for them to even consider adding a property to their portfolio of offerings to investors. There are areas in Indianapolis that they won't touch. In other words, they have standards, they don't just offer anything. I have asked them about properties in certain neighborhoods in Indianapolis and have been told that if I had that property in my portfolio, they likely wouldn't service it... and that's exactly what I wanted to hear. Their standards drive their business, and for investors, this is a REALLY good thing to hear. I plan to visit Indy by the end of this year to check in on my own properties first hand, and get more acquainted with the area along with the whole PARC team. Highly recommended!

Post: Going to my first meetup - any advice?

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Hey there! I'm relatively new to the local meetups as well. I've been to five over the course of the past half year. I finally made the decision to clear my busy schedule and make them a priority because I have set goals to connect with a mentor and get into multifamily investing. I realized the best way to do this would be the meetups and it has been super helpful. Now, two monthly local meetups are etched into my calendar and I don't miss them anymore. They are essential IMO, especially just starting out.

My suggestions:

1. Have a solid goal in mind and be able to recite it in a brief and concise way. Your elevator pitch (but without being a "pitch") What ARE you looking for exactly. Nothing loosy goosy like "I want to invest in a property this year." More defined than that. Have that figured out before you arrive.

2. If they have an open mic portion, USE IT. Get up in front of everyone, introduce yourself, brief background, and recite that elevator pitch. Tell the room what you are looking for and why you are there.

3. When others do this, write down the names of the people who introduce themselves with a note on their pitch or background that interested you. Make a point to talk with them before the end of the meetup about what they are doing.

4. Bring a notepad or buy a Moleskine type pad and document everything... people you meet and a description of what they are doing (so you can remember later)... this is network building. Over time, you'll have names and references in that book that tie into the many things you'll want to execute down the line. It's a perfect reference and no one will hold it against you if you write everything down. In fact, that might be a reason they want to explore a working relationship with you.

5. I try not to overthink it. When the main presentation is over and it's "networking time" I simply look around the room, find that person, grab a chair, plop it down in front of them with a smile and say "Hi I'm Jason! What do you do?" and boom, we're off to the races. It's as good an ice breaker as any and gets the discussion rolling. No time wasted. Next thing you know, the place is kicking you out and you've been talking real estate investing for 3 hours!

I'm sure there are seasoned veteran Meetup-ers with more concrete advice but in my short time, this has been a big part of me actually walking away from them feeling like I learned something, got something valuable out of it. I'm meeting up with a guy this Wednesday for coffee that I saw at a meetup last week to talk about multifamily deals and possible mentorship as I enter into this new direction of investing. And so it continues. :)

Good luck!

Post: Hoarder house first deal

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Man you have a lot to be proud of. Way to go and thank you for sharing in such detail!!

I implemented the Miracle Morning two months ago and it has quite literally changed my life. Hal Elrod's thought process is the catalyst for it. I am really looking forward to this episode.

Post: New in Cedar Rapids Iowa.

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Welcome!! I'm curious to know some details on your duplex deal... How did you land it? What have you learned so far?

Post: Newbie from Provo, Utah

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Having a knack for numbers and data analysis will serve you well! I'm working on that myself. Welcome, great to have you!!

Post: SoCal newbie - hi everyone

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Howdy @Ed Ward and welcome to a damn fine community. There is so much to learn, and the resources are abundant. Best of luck!

Awesome stuff, @Ali Hashemi!!! Its funny that you say you are just starting out, meanwhile your experience began in 2011. So I suppose, depending on the perspective, you are either just starting out with this multi-family direction, or you have plenty of experience that led to this new avenue. Sounds to me like you are doing alright and many people would love to be as far along as you are.

Now if we could just get more people to pitch in on this thread, they might realize how far along they actually are too!

It's the perfect episode for the perfect time in my education. Thank you to all for the awesome partnership tips. This is firing me up more than usual.

And I ECHO the REI meeting tips in this episode. When the guest speaker is done, the meeting turns into a meet and greet session which can be a bit intimidating if you are introverted at all. I basically just grab a chair and plop it down next to someone and say "Hi. Tell me about your story." and that's it. We're off to the races. I can't recommend these meetings enough as opportunities to broaden knowledge and stumble upon opportunities that weren't anywhere on your radar.