All Forum Posts by: Jayden Hamilton

Eddie Torres Rental Property Investor

replied about 2 hours ago

Great post. I appreciate the feedback, Eddie. I agree. I believe it's a time management issue, and I have really bad ADHD, so I'm always thinking of something new to do. Consistency is tough for me, and it's hard for me to focus on one thing at a time. I get bored very easily. I will definitely study more on time management, thanks and I wish you the best with your real estate endeavors! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $114,100
Cash invested: $114,100

First investment purchase. I purchased this home when I was 18, right before going into the airforce. My grandfather encouraged me to invest the college money I had in my savings account into this deal. He brought up the fact that the military would pay for my college, so It made sense to get my money out of the bank because it earned less than 1%.

Terrell Garren Rental Property Investor from Concord, NC

replied about 3 hours ago

You guys may want to read the OPs post history before your spend time here.

What because I'm a young guy trying to obtain as much information as possible legally? It goes to show who you are as an investor and your maturity level for your age. Terrell, that's all, move on. 

Owen Dashner Flipper/Rehabber from Omaha, NE

replied about 1 hour ago

My 2 cents... Get a property management person/firm to take over the day-to-day and stop trying to do everything. Do something else for income to replace the expenses of the PM. It is not realistic to think you can survive on cash flow on only 3 properties.

Take the long view - you will look back on this 5 or 10 years from now and wonder why the hell you were doing what you are doing now.

Get out of your own way, focus on making more money - not penny-pinching.

I'd love your 2 cents Owen on how I can make more money with what I have now if you were 23 and owned a single-family home with no mortgage and is paid off, and a duplex with 114k debt service due to 100k liquid cash In your bank. What would you do in this case scenario to make money grow faster? I thought to buy an apartment complex and cash out to refinance the equity in the SF home for the down payment on the apartment. I want to get into flipping, but I don't know how to do the work myself. DM me if you don't mind; I'd like to hear your thoughts a little more if that's okay. I agree with your advice 100%; I need a little more guidance on the best decision to make with my age, school full time online, the real estate I own, and the liquid cash I currently have available. I love thinking about making my money grow, and I need help from others to help me make that happen. Thanks, BP Fam! 

Wil Gaston Rental Property Investor from Columbia, SC

replied 30 minutes ago

@Jayden Hamilton, my experience in real estate is that stress comes from not outsourcing the parts that drain me. It seems like that may be happening with you as well.

The problem is that If I spend money for a property manager for my 3 properties, I still have taxes and insurance on all 3 of these properties. The 100k is reserves, for any unexpected things where I need capital immediately to take care of a problem. If I'm purchasing a 8-12 unit apartment complex, do you think 100k reserves is enough for that many units plus the single-family home I have and the duplex... 

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When purchasing a property, what kind of Cash-on-cash return do you guys look for? What numbers make you say, "yes, I'm buying this property," and what numbers make you say, "no, this deal isn't for me." When I analyze properties, all I do is figure insurance costs, prop taxes, and the mortgage and 5% vacancy and annualize it and subtract that from whatever my annual total rent is.. Is there anything else I'm missing when "running the numbers"? I don't know too much about what returns you should be looking for; I look at the bottom line, "am I cash flowing or not?" 

Jim K. Handyman from Pittsburgh, PA

replied less than a minute ago

I think sleep flushes beta-amyloid and tau proteins out of your brain. When you don't sleep enough over a period of years, the proteins build up and build up and significantly raise your chances for adult-onset dementia.

That's a pretty savvy way of phrasing it, Jim. You're definitely more intelligent than I am, lol; I have no idea what that is and never heard of it. Thanks for the tip though, I learned something new! In terms of hours of sleep, that's more of where I was leaning though when mentioning how many hours of sleep should an entrepreneur get... I'm shooting for 4-5 hours max. 

Max T. Investor from Philadelphia, Pennsylvania

replied about 1 hour ago

@Jayden Hamilton

Sub pit the actual maintenance. It is cool, but it is a time suck. You don’t need a 100k reserve for 3 properties.

Not sure what you mean by "Sub pit" Max? Thanks for replying to my post. Hope to hear back, thanks. 

What's a good, high-paying job that would be good for a young guy like me that is looking to make real estate investing my life and career, a job that brings in good income so I can save it and invest it. My degree is in business administration. What high-paying jobs could I look for with this degree? Now say I didn't have a degree, what jobs would be good to look into that pay well if you work hard and put long hours in. I need to increase my income. Thanks, guys, I know I post a lot, but you're like my family/mentors I never had. I've learned so much already from you all truly! 

Hi guys, I wanted your advice on how much sleep entrepreneurs should be getting; I want to use the most time to my advantage. I think I'm going to try only getting 4-5hrs of sleep a day to have an additional 4-5hrs to work throughout the day. Do you think this is reasonable or unhealthy.