All Forum Posts by: Josh Autery

thanks @luis! So appreciate the recommendation...

Anyone have experience  or references for real estate lawyers in the southeast texas area? (Nederland, beaumont, port arthur)

Aight fellas. I officially quit trying to wrangle a group together. Message me if you wanna meet up one on one.

@Luis Becerra that would be great! Check out the doodle link, and see if your sched matches up with ours... looks like jeremiah and I have several days that are matching up.

 Well, I kind of contradicted myself, because that IS my advice... Accept NO advice until YOU decide WHY you want to be in the real estate business.

To @Curt Davis 's point, you've gotta decide WHY you are starting real estate (investing for the future, primary full-time job, new career, find a new hobby, etc.). Then decide which avenue is best to help you reach that goal (or ask for advice on how to achieve it)...

But, ONLY YOU can decide what your main objective is... THEN you can get help deciding how to realize it.

Personally, it is an analysis of risk vs reward while considering alternative investment.

1. If I am not guaranteed over 4-6% ROI, I would invest elsewhere. Low-risk mutual funds would give me that return without ever signing contracts or seeing additional risk.

2. If the ROI is too high for YOU, then the deal still doesn't make since. Rather than guarantee 20% ROI (or whatever is the max YOU would be willing to give up), you could use hard-money or bank funding.

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So then take that scale (4-20% for example) and apply it with regards to risk.

6-8% for Class A

8-12% for Class B

etc.

YES. to #5

And, a formal/contractual guarantee of a return would definitely allow for a slightly lower ROI scale.

While doing a deal with you may bring profit to the more experienced partner, your involvement will probably be more of a hindrance to an experienced investor.

If he is providing cash, time, and knowledge (while bearing the risk of a new investor), I would think you'll have to give up near 50% of the profit.

But as @Gregory Harris points out... it will vary partner to partner.

Ask yourself this: If YOU were an experienced investor, who can obviously find his own deals... how would you value what your bringing to the table if you were in their shoes?

nederland port arthur groves beaumont bridge city orange port neches

...for those who have keyword alerts.

Met up with @Jeremiah Gentz and had a great time talking REI. I am attaching a doodle link...maybe help sync up schedules so more can come.

http://doodle.com/rsatsvv6stmb5gg3