All Forum Posts by: Jim Pellerin

Hi ,

I am wondering which rental investment can provide better cash flow with minimum hassle: Townhomes or Single Family Homes? As HOA fees cover some parts of the townhomes, I would like to get your insight/experience on it.

Thanks,

Sohel

@Caleb Brown

You know what…. Brother A said don’t get my license because if they know I’m a realtor they won’t sell their prop for a discount.

I have had a rental property that the sell will close on very soon. I am 1031 into more properties as that happens, and look to diversify my portfolio with SFH and small MFH in a great appreciation area.

Since I have been working with a real estate agent for some time, he also brings me deals on larger multifamily, apartments, and commercial deals. I don’t have the capital for this type of deal but would LOVE to be involved. My question is, how do i find the investors that would be interested, and how do i make a case to not only partner, but take the property on as s/he would be financially responsible in a large way as opposed to the small percentage i could contribute. Or is this the type to simply wholesale, and if so how do i go about presenting this deal to someone interested in that? 

Examples - 30-50 unit portfolios or large “neighborhood apartments” in the 5-7 million list price range.

Hello Bigger Pockets Community, 

I recently acquired my real estate license here in Florida, and now I am being called by every company possible. It has been pretty confusing about who to join and why. My main reason for getting my license was to immerse myself into real estate while investing my money into rental properties. 

What reasons did you choose the broker you are currently with, and why? 

Any help is appreciated! 

I am a realtor in Chicago and have been doing research on wholesaling. My current brokerage isnt wholesale friendly but in IL you can still wholesale 1 property in 12 month as an individual. 

I plan to do this since I do not want to leave my current brokerage just yet, but I am afraid of getting sued by the seller or messing up something on the legal side. 

Can any one provide clairty?

I've been listening to the BP podcast and a lot of the investors they interview talk about getting outside investors and using other people's money. I'm just curious how these deals typically are structured. Where do I, the person finding deals, benefit.

For simplicity sake let's say I finance a duplex using money from two investors (50/50) and none of my own money.  Would I just collect an annual fee or would I take a % of equity?

Hey everyone I’ll try to make it short. I’m 20 y/o and my ultimate goal was to primarily learn about real estate. I saw this job app on Indeed “Real Estate Acquisitions” I applied and got hired. 1 week in I realized it’s a small asset management group. 2 wealthy brothers tryna grow their port with 80 units in town and a property manager. Brother A, is the real estate head Acquisitions he meets w sellers lowballs them and also does prop management. Brother B,is the most experienced he’s CEO he’s but now just the numbers guy and talks w mortgage brokers, lenders and brokers etc…

First months was fukin great it was like a newbies dream to enter the real estate. Brother A, took me around properties showed me in person red flags in properties, the construction problems etc... I even saw real estate transactions live in person when he was speaking to sellers directly. I also met this multimillionaire who owns 6 apartments when we wholesaled a this one deal to him. So the experience was awesome.

However once THAT first month was over… the reality set in. I soon realized this job position was to be on the phone for 6-8 hrs a day straight up cold calling. Now I’m two months in I haven’t had my first deal yet this is all commission base. I’m still going…..

To reclarify, The job in a nut shell is to cold call (6-8hrs) get properties under a STRICT ball park range 50-90k a unit in California, then get out to the property and put it under contract. Rinse and repeat cold call again etc…

Both Brothers are encouraging me to keep continuing and tell me these are the “walls” you’ll face. Brother A has been getting deals once a month, that first month I used recycled leads. Now I’m they put me in a market where 50-90k a unit is almost impossible. (I cold called realtors and brokers they said 200-300k in this new market I’m in) and the Brothers rebuttal “they always say that”

This job pay is. Close a 2 units $2,500, close 6 unit and below $5,000. Close 6 units and above $7,500.

I’m having second thoughts about this job and found that I should value my time than cold calling 6-8hrs… It kinda sucks rn, I love real estate and wealth generation but my plan now is to get one property learn the process of acquiring then quit. I’ve been looking into selling life insurance I heard that could be good and has a wayyy better work life balance, I also have a business that helps people and I think life insurance could possibly fit me more than lowballing and offending sellers idk lmk….

The only reason why I’m staying is really gain the experience of that 1st real estate transaction w a seller in person. Then leave…

Let me know what I should do or what you guys would do🙂🙏

I just wanted to get different version of what peoples ideas of the best way to use 100k cash to acquire properties 

Hi All,

I found a friend in my martial arts class that has been in real estate for 10 years. They are raising capital for a 506b (family and friends unaccredited) hybrid deal (in another state) that includes an apartment, selling some SFHs, building a few Multi families for air bnb etc.

I wanted to pass by you folks to make sure it's a decent deal for me. I am investing about 50k which is 3.3% stake out of 1.58mm capital being raised for the deal. 

The projected annual return is 43.86% with a 3.01 equity multiple.

They are sending me the operating agreement now. Anything else I need to be considering? Get a lawyer to look over the docs?

Thanks,
Brandon