All Forum Posts by: Jeremy Willis

@Syed H. I have a good job all things considered, but it’s just not enough...not fulfilling.

Fear is a big issue. Quitting my current job is terrifying. Do you believe a John/Jane Doe can make a transition? Or do you believe in burning the boats?

@Alina Trigub thank you. My current quest for groups isn’t going well, but that won’t stop me.

@Alina Trigub my goal is to invest in the multi plex market for cash flow.

@Alina Trigub currently reading and loving it. Finding the groups is my next challenge and is a bit tougher than I thought. They’re out there.

@Greg Dickerson thank you. I wanted details for sure to see about non competes and basically what kind of a leash I would be on.

Recently I attended an event (only two of us showed up) in my local area. The format was pretty typical with the presenter showing success stories of people who worked their program. At the end he broke down the cost of their product which is a whopping 14K. He then took us to a different room which we had the opportunity to sign up to get this content for a monthly fee of $200.00. 

This $200 membership basically, from what I can tell, is a mentorship program and actually sounded very appealing to me. I would get to watch and and participate in putting deals together. Tuesdays and Thursdays I would have access to meetings about deals and one on one time with individuals. Access to all the different team members is available. When they feel I'm ready I can start handling my own deals. So, I get it, they're providing value and charging for it. I'm sure the idea is that only a very low percentage of people will be consistent and achieve whats possible, but that will benefit everyone.

The problem is when I pressed for more information I got the run around sales talk. When I asked if I could take the paperwork home to do my due diligence I was told no. I imagine this guy might not have known the answers to the questions I was asking and might get a kick back for signing people up. So I just got his card.

This peaks my interest very much (they have a "sapphire plan" that specifies in commercial. That's what I'm interested in). How can I get more information? What are some textbook pitfalls or red flags to look for?

@John Bianco I don’t have any reservoir of cash saved. So far banks won’t give me a loan with no skin in the game unless it’s s primary residence and not commercial. I’m all ears for different avenues.

@Stephen Akindona thank you. I am currently planning my goals for this coming quarter. I wanted to reverse engineer a strategy to get into the multi-family side of real estate. Perhaps I’m being too systematic?

Hello everyone, where should I begin my journey to find private lenders? Is it best to have a deal already drawn up and negotiated first then present that to a lender or visa versa? What are good ways to build relationships when you have never done a deal?

THANKS!

Hello all. I'm super new and have no investments yet. As of now I'm teaching myself to run numbers to see what kind of ROI I could get and monthly cash flow. I've run across several rehabs on Zillow. How do I run numbers for a BRRR project? Is there a calculator for that?

This is part of my before I buy strategy, learning numbers and how/if they will work for me. Thanks!!