All Forum Posts by: John-David Hails

@Tony Castronovo Wouldn’t mind volunteering every once in while either, I’m a student so any gain in knowledge is gold in my book!

Originally posted by @Quito Keutla:

@John-David Hails Thanks for sharing, I'm starting the process myself as I want to aquire large multifamily units.  Right now I'm taking the time to learn and connect with other that are doing what I want to do.  Like you all the calculations seems daunting and all the stuff that goes into doing the deal. Thankfully the BP community has lots of info and resources.  Happy Investing!! 

 Me and you both, extremely grateful for this. At these times in America, more industries should be creating community platforms like this. Look at where we're heading, its not looking good.

@Cody L. thanks man. I appreciate that, helps a lot. You make it sound so easy, from what your saying I’m overthinking it. Time to get out of my own way and execute this- I guess I’ll gain confidence In what I’m doing once I see the results. Some things take time

@Michael Dang Thank you Michael, I appreciate the info. I didn’t know there were meet ups specific to multi family.

@Jim Goebel that’s gold. Thanks Jim

@Jim Goebel I was about to take a crack at you... but your right man, you absolutely right. I’m just getting really overwhelmed right now- but I can’t overuse my external resources before completely using my internal. Advice excepted

I’m having trouble figuring out what ALL things I need to take into account, in order to attack a deal. I’ve got no limit when it comes to funds (partnerships) but I need to know -how to calculate loan cost/year (p&i, etc) - IM ONLY BUYING LARGER DEALS 50+ -where to find the TOP property managers WITH a tracable track record -HOW TO GET ACCESS TO BROKERS WITH FRESH LEADS B4 MLS

Good afternoon my BP team!

I NEED SOME HORROR STORIES...I'm talking blood, guts, and maybe even.. idk, something worse than blood & guts..  

whats the most awful deal-gone wrong that you've got to share on this discussion?

-what was the deal?

-what went wrong?

-what was going through your head to make such a bad decision?

-AND the tough one... do you believe it was your fault..... or the world's? 

best story gets a main role in the new Stephan king book.. jk. 

Originally posted by @Anthony Wick:

@John-David Hails This year alone.....

Deal 1: it took 1.

Deal 2: It took about 10

Deal 3: It took about 50

My point is, nobody knows. Be ready to analyze a thousand, and be ready to buy every time. And, the more you analyze, the quicker and better you get. So, get started.

 I love it! Thanks man, thats a personality match for me. 

Originally posted by @Account Closed:

I'm not too experienced, but I've heard it's about 100 deals. Look at 100, offer on 5-10, and buy one. Depends on your criteria, of course. If you want to find a deal where you'll make 50% CoC yearly, it's harder. If you loosen up your criteria & standards, it gets easier.

You have to have Money To Blow, though :).

 BAHAHA! BRUH..

lol. Great point. LESS Criteria=More MONEY$$