All Forum Posts by: Jonathan Cooper

@Jonathan Cooper my first property was a 2bed 1.5bath townhome. It will rent at the 1% rule when I move out. But currently I've been getting about 1K per month with the spare room on Airbnb.

Quote from @Jonathan Cooper:

it all depends on your goals, what do you want real estate to bring to your life? How much time can you devote to it? Personally, the best type of property to invest in is multifamily, because I want cashflow, easy management, keep them as LTRs and etc, for you it might differ

Hi Jonathan!

Really looking into building a healthy portfolio and generate a healthy cash flow to spend time doing what I love (traveling). Not looking for quick turn around but more of long term rentals. I live my life with authenticity and integrity and want to give back to the community. 

I volunteer for Habitat for Humanity and various food banks around my home town and know that families around my area are suffering financially. If I can help a family find a forever home, that helps me with my own ethical and moral values. 

Hi Grant:

Ignore everyone else.  

We have come out of a period of velocity that was crazy.  Cheap money, multiple offers.  Economic conditions have changed. 

Let's be clear.  Folks that made a lot of money from 2019 to 2023 had Perfect Economic conditions.  They made money and I am happy for them.  But, that is not a flex.  It is so cringe.  

People have made some "Change Your Life " money.  But, it only changes your life if you keep it!  

Listen carefully to what people say.  " My portfolio is worth ten million" does not mean the same thing as " I manage a portfolio worth ten million dollars."  This does not mean "My net worth is ten million dollars".   

"My portfolio is worth ten million."  Okay.  This could be true.  At the same time, it could also be true that your portfolio is worth ten million and you owe twelve million.  This would mean you are negative two million.  Not good.  Or it could have negative cash flow.

"I manage a portfolio worth ten million."  Okay.  This could be true.  At the same time, do you own any of it?  "I manage" does not mean that you own anything.

"My net worth is ten million."  Okay. This could be true.  This would mean that all of your assets ( stocks, bonds, real estate) is worth A.  Subtract all debt. ( IRS debt, mortgage debt, student loans)  If the amount left over is ten million then you would have a net worth of ten million.  Great!  But, can they prove it?  

Focus on the Quality of the Deal not the number of deals.

Best of Luck!

Quote from @Grant Stuard:

I have listened to some podcasts, and have heard people saying they got their first 7 properties in 11 months. Some even crazier. I have 5 properties, but I have used all my money to purchase these properties at 25% down and now I am renting them out. I would like to have 30 rentals (that is my goal) and I have the deals. I just don't have the capital to move all at once. I know there is private money lending that can fund some of these new construction deals, but I don't want to sell them for profit after. I want to keep them as rentals. Are there lenders that would let me pay them like a traditional mortgage? (over that long period of time)? What do you guys think I can do to get 3 properties a month?

There are three ways to accomplish acquiring real estate faster than most people. 1. Start off with a lot of money. or 2. Buy fractional shares (invest in syndications like an apartment building that has say 100 units and now, viola' they have "100 doors" whereas that actually menas they own just own a hinge on each door but you get what I mean or 3. Using creative finance like Seller financing, Subject To, Lease Options, Land Contracts which is how I teach it and how I did it. Most of the properties I was into totally for under $15,000 didn't need a bank or credit check and no down payment. But, I did need some knowledge.

Hey Michael, to me it looks like you have a good understanding of the basics, especially since your father had a great experience with real estate, a good idea for you is to have a mentor with where you can do portfolio building based on your goals