All Forum Posts by: Jesse Houser

@Nancy DeSocio & @Anthony Thompson

Thanks for the responses and input. I'll check out the schedule that your meeting uses. I want to make sure it would be something that is useful to beginners and people who are wanting to network. As someone with a bit more experience, I'm more biased to the networking piece, but I also know how much help I got from talking with experienced investors when I was newer. 

And Anthony I think you're right about not trying to get them to buy something. We're looking to see if there is anyone who would want to sponsor the meeting and provide the space for free. Something like a restaurant or something and people can buy their food. 

Our main thought was to provide some networking time, both with agents, lenders, people looking to buy/sell properties, and hopefully some good contractors.

Thanks for your input!

Hi Everyone,

A friend and I are considering starting a local REIA meeting and I wanted to reach out and see what was working well and what was going poorly in your meetings. The main areas I'm trying to get input on are:

1. What format does your meeting use? (Start to finish/schedule)

2. Does this format work well for you? What do you wish was different?

3. What is one thing you feel your meeting absolutely has to have to be successful and beneficial to those attending?

4. Who attends your meeting and how do you market it? (Do you invite/have contractors, agents, banks/loan officers, etc)

5. Any other tips or thoughts you might have?

Thanks all! I appreciate your input!

Hi all,

I'm looking for a little help in how to structure a private note. Another investor and I are partnering on a flip and slipping the profits 50/50. My side of the funding is coming from my dad, who I will be splitting my half of the profit with when the flip is completed. The property is going to be in the other investor's LLC until the flip is sold. So a couple of questions.

1. How should we structure the note for the capital my dad is bringing to the deal?

2. Should it just be an unsecured promissory note (to me or the LLC?) or should he put it in place as a secured lean against the property?

And if anyone has any recommendations or a step by step process, I'd appreciate it. Or if there is another post discussing this topic, feel free to just point me towards it.

Thanks, everyone!

Looking forward to receiving mine! The team at BP is doing some amazing things, Mindy. Thanks for all you do to educate people and help their dreams come true.  

Does anyone out there know the cost and process of sub-meter water in Ohio? Do you have a company that you have worked with and would recommend?

I'm asking because there is a triple that I'm considering purchasing. Currently, one unit pays its utilities, and the owners pay the utilities for the other two properties. If I can make each unit responsible for its own utilities, the cash flow will skyrocket! Thanks for the help!

Thanks, I'd definitely appreciate it. And please don't hesitate to reach out if there is anything I can do for you.

@Drew Alexander I’d suggest Barrister Title. I know other investors who have worked with them and they’ve always worked pretty quickly. 

@Jack B.  Thanks for the response but you seem to have missed my point, so let me help you out a little more. There’s no doubt that the two are different. The purpose of the post was for people to share why they prefer real estate over investing in the market and why they choose to build their wealth that way. You may disagree and it’s fine for you to have your opinion, but it seems like the majority here feel it’s an appropriate comparison to make when trying to decide on what works best for each person. And that includes comparing the benefits and downfalls of each as mentioned above by many other contributors. While I agree with you that syndication, note investing, and being a landlord are all forms of owning a business, I was trying to convey that there are ways to make that very passive (like having a property manager). No, not to the same degree of putting your money in the stock market or bonds or any other similar investment vehicle, but there are ways to make it more passive. Hiring a property manager may not have had anything to do with your point, but it did have relevance to the point I was making. Hence the reason I mentioned it.

The other avenue to consider is lending your own capital to another investor, whether that be in a syndication, private line/loan, or other types of lending. That is a much more passive approach to being involved in real estate. It’s similar to the stock market without the responsibilities that come with individually owning the property. And in this approach, you would have way more control over the terms, rates, etc., as you would work with the investor to determine what works for both of your needs. 

I'm liking all the conversation and points you guys are making about these investing options. I do have another question, though. The 10% return from the stock market has been thrown around a couple of times. While these numbers check out, I believe that percentage is before fees and other expenses are added in. So in reality, the return an investor is getting back is more like 6-7%. Am I wrong in my understanding?