All Forum Posts by: Jayden Hamilton

Being in school full time and learning how to manage properties independently and do the work myself to save money. My grandparents were helping me for a while and then dumped everything on me due to family issues. I don't make much a month except the cash flow from my properties, so I pay a bookkeeper, and I have other bills to pay. I get it's 3 properties, but I'm 23 years old trying to do all this all at once. I can't do everything myself. I need to delegate, but I don't have the money yet to really do so. I have 100k liquid in my bank, but that's for reserves. I'm trying to decrease expenses and increase income. Plus, I'm dealing with a stressful tenant that disrespectful to me because I'm a young landlord. I can't be one brain doing all this, and I need to stick to my niche, which is the acquisition phase of investing. I have no desire to manage and renovated and rehabbed myself, but I'm taking all that on currently because I don't want to pay contractors to do it for me. The one home is paid off, the duplex I owe 115k on. I want to buy an apartment complex next, but I don't know if this will be too much for just myself to handle while in school full time. 

Theresa Harris

replied less than a minute ago

I want to own an apartment complex, maybe if I buy several units under one roof, that will reduce my stress, and the managing will be easier since it'll be located in one place.  

Joe Villeneuve from Plymouth, MI

replied less than a minute ago

Sell the properties. Take the profit and buy new properties where the CF will allow you to hire a property manager. Spend your time doing market analysis (90%) and then making offers, negotiating, and closing (10%).

David Avery Flipper/Rehabber from Phoenix Arizona

replied 4 days ago

The kid that asks the most questions generally gets the most answers.

Thanks, David, that was very kind words. I'm just trying to do well for myself, and you guys are the only family I have to learn from when it comes to real estate. Sorry for all my posts. I just want to learn as much as possible because I'm human and struggle and have mouths to feed and have to provide for my family and myself. 

Hey, bigger pockets family. I'm really struggling and getting burnt out with trying to own 3 rental properties on my own with no experience and trying to manage and learn every aspect myself. How can I reduce this stress I'm taking on with the least cost possible? Thanks.

I sent a certified letter starting Sept 1, 2021; there will be a rent increase of $75.00 for one of my tenants. If they don't pay the rent increase by Sept 1, what do I do from there? Do I serve her a 30-day notice to vacate the property... And also, how do I make sure I get whatever rent is owed to me throughout September if she doesn't pay what I increased it to...

What do you guys know about utilizing the stress test when running the numbers on properties, and is it really something that needs to be done? I spoke to a lender in O'Fallon, IL that thinks there will soon be another market crash, and lenders will start increasing interest rates to 7-8%. I honestly feel like he was just trying to scare me because I'm young. 

What's the worst that could happen Eric?

Eric James whats the worst that could happen?

Would any investors or entrepreneurs on here be interested in having a 23-year-old up-and-coming investor stay at their home for a week or so? I'm looking to get away from my hometown in O'Fallon, IL, for a week or so and stay with a family that invests in real estate or owns a business and uses it as a business write-off and to be a sponge and learn some information from wiser individuals. I'm a full-time student on break right now, and I currently own 3 properties. If this is something you'd consider, please DM me, and I will give you my number, and we can talk more about this. I would pay for all my food and everything. 

Looking to connect with an investor in another state, I'd like to take a short trip to a different state. If you'd welcome me coming out to your state, I'd love to connect and network with whoever is open to this. Please DM me if you'd be fine with doing something like this. I would buy a plane ticket and come out to whatever state you live in.