All Forum Posts by: Jesse Kerr

My opinion is that it's not a good plan to focus on # of doors. Talking about the # of doors you own will give you some bragging rights at a dinner party. Or it'll give you a great title for your next blog post. But in real life, the # of doors you own alone is kind of a meaningless metric.

Instead focus more on buying quality properties, in strong locations, with a long term strategy in mind.

Regarding your question around raising money, you should start having conversations with various local lenders, other local investors, and high-net-worth people in your network. Share with them some potential deals you have in mind and your investment goals. Start to get a feel for who has money to deploy and who has an appetite for investing with you.

Wished I would've read this a year ago.. I've made so many mistakes thinking "doors" are the answer. They are to some degree, but quality is better I find.

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Most of the time it's because everyone here feels like everyone here is a competitor, hence the type of responses and/or suggestions they give.

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Someone willing to share failures - explaining how they got into the situation and how they got out. So often, these conferences are filled with "boasters" providing no real experience and/or help for those trying to make this work. Basically the reason why I won't attend conferences currently. Failures is where success grows from..

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Not the -no down payment- fad.. But what ideas are there to acquire from an off market seller, perform due diligences etc. Could some of you post any experiences with doing this?

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Real answer? You won’t.. you have to just…go…do things. Pull triggers, research, then sign the dotted line. Some will say Hey welcome…. Aaaand that’s it…. Pull triggers… not turn pages.

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Question - How many of you invest out of state and manage personally without a property manager? If you are doing this, how are you handling "boots on the ground" when tenants need to see properties etc?

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Do any of you use credit cards to pay for rehab projects? I was thinking in using a miles card, but also, could use a home depot card to have the contractor always purchase through my card right at the store.

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Quote from @Greg Scott:

The number of units probably has less influence than the nature of those units.

A 200-unit apartment complex will run very similar to a 100-unit or 300-unit apartment complex but will run very differently than 200 SF rentals or even 10 20-unit apartments. If all my people and resources are in one place, I don't need to track time across properties, I don't need detailed tracking to ensure the repair costs are allocated to the correct property, and I don't need all the other complexities of managing a multi-location portfolio.

A very obvious answer.. Perhaps enlighten what you have, what you've done, challenges along the way when hitting X units etc.. Your answer goes without saying. Share you experiences whichever it may be.

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Hi - When hitting 200 units, what processes/systems changed? I'm noticing hitting 60 units a few things ie. hiring a personal property manager under payroll keeping costs fixed etc. I'd like enlightenment regarding what changes hitting 100, 150, 200 + units as I'm sure some things start to become issues and/or things to deal with due to sheer volume.

I'm all ears..

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Dm me with a few

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Milwaukee, Wisconsin

All Forum Posts by: Jesse Kerr

Jesse Kerr has started 22 posts and replied 73 times.

Post: Zero To 100 Doors - But How?

Post: Forums are getting weak

Post: Who would you like to see speak as a keynote at BPCon?

Post: What are a few ways in acquiring off markets with little/no cash ?

Post: How can I find investors willing to coach or mentor me?

Post: Self Property Management -

Post: What forms of payment do you use to pay for rehab projects?

Post: Question for those over 200 + Units

Post: Question for those over 200 + Units

Post: Lenders - need commercial financing terms